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Reading: What is a Play-to-Earn Ecosystem?
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Voice of Crypto > VOC Explained > What is a Play-to-Earn Ecosystem?
VOC Explained

What is a Play-to-Earn Ecosystem?

Rose Nnamdi
Last updated: 2023/03/14 at 12:16 PM
Rose Nnamdi Published March 21, 2022 March 14, 2023
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What is a Play-to-Earn Ecosystem?

The traditional gaming world usually involves players only having fun while playing and not earning any income. Instead, most of their money is spent on skins and other in-game enhancers that do not have any selling value.

Play-to-Earn games are changing the scenario by offering an open economy that rewards users for playing a game and adding value. 

Usually, Play-to-Earn crypto games are based on the blockchain and offer gamers intriguing gameplay where they can have fun, build, fight others and carry out other activities in the metaverse. Moreover, while navigating through the twists and turns in the ecosystem, they can claim in-game assets. 

Some of these platforms have specific tasks that the user must complete before earning in-game digital assets. The digital assets come in the form of cryptocurrencies and NFTs that can be traded in an exchange or an NFT Marketplace, respectively. 

What to expect in a Play-to-Earn platform?

A Play-to-Earn platform tends to offer some elements that make it stand out from other blockchain gaming ecosystems. 

Earning opportunities

Every play-to-earn crypto platform has earning opportunities available to those who navigate through the gameplay. For example, if the user fights others and wins or if they breed a creature in the game and nurture it as an asset. One of the popular play-to-earn crypto games in 2021 is Axie Infinity. Some people play it part-time, while others have taken up gaming as a full-time job because of the NFT earning potential.  

Marketplace 

Many play-to-earn games have a marketplace where the collectibles and NFTs earned can be sold to users. This may be an internal feature. Sometimes, secondary Marketplaces sell the NFTs earned during the gameplay of play-to-earn platforms.

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TAGGED: Blockchain, Crypto Exchange, Gaming, Metaverse, NFT
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