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