What Are Play-to-Earn (P2E) Games?
Adekunle Joshua
Play-to-earn games allow players to receive real-world rewards, revolutionizing the gaming industry
Blockchain technology and NFTs have transformed the way in-game items are owned. Players can now own and trade unique assets with real-world value
Unlike traditional games, where items are controlled by game companies, NFTs give players true ownership and the ability to sell their assets outside the game platform
In play-to-earn games, players can monetize their playtime and earn real money, creating new opportunities for gamers worldwide
Axie Infinity, a Pokémon-style game, is leading the way in the play-to-earn model with 2.8 million daily users and a trading volume of $3.8 billion
Play-to-earn gaming is driving crypto adoption, introducing new players to the world of cryptocurrencies
Some play-to-earn projects combine NFT gaming with decentralized finance (DeFi), allowing players to generate yield while playing. Aavegotchi is one example
While the mainstream gaming industry is embracing NFTs, some publishers face backlash from players. The future of gaming is evolving, and NFTs are at the center of it