The play-to-earn model could be seen as a way to synergize both parties so that all are rewarded for the value they bring.
While gaming companies should be rightly compensated for developing entertaining titles, gamers also bring value by spending time and actively participating in the in-game economy. While these in-game items may be worth a tidy sum, the true ownership does not lie with the gamer, but with the game developers. Furthermore, many games claiming to be free-to-play are running on a 'freemium' model gamers have to splash certain amount of money, on top of time and effort, to accelerate their rise through the ranks or obtain rare in-game items. Virtual economies existing in gaming universes are not unheard of - popular massively multiplayer online role-playing games (MMORPG) like RuneScape and World of Warcraft have players in the millions. How Does the Play-to-Earn Model Benefit Gamers? This is why this gaming model is called play-to-earn. In essence, you can distribute or sell them and pocket all the money made from such trades. Whichever way you choose to access these game assets, you have exclusive ownership rights over them. They could create or breed new characters, purchase digital items on native or third-party marketplaces, or unlock and earn new items. With this system in place, the players can claim ownership of game assets through 3 main strategies. This is why some blockchain game assets are considered more expensive than others. The adoption of NFT token standards also allows developers to preserve the rarity and uniqueness of some of these in-game items. These digital assets are often NFTs so that they are distinguishable and tamper-proof. This is made possible by launching games on blockchains and anchoring them with digital asset-powered economies. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) - what are you waiting for? What Are Play-to-Earn Games?Īn NFT game combines conventional gaming designs with unconventional game mechanisms to let users have more control over in-game assets like skins, characters, weapons, virtual lands and much more. Join us in showcasing the cryptocurrency revolution, one newsletter at a time.