Gaming is always fun, no matter who plays it. Be it a kid who plays Angry Birds or an adult who is into Fortnite and Valorant, age is just a number for games. Gone were the days when you used to go to an arcade saving your pocket money to play Pac-Man and Donkey Kong. If you think only professional gamers can earn by playing games, you are wrong. Today all you need to do is spend time playing games, and the game will pay you. Am I kidding? No, I’m not. You and I can earn through play-to-earn games. NFT gaming Platforms are emerging, creating a real buzz in the crypto world. You can have fun and earn as well, and it is killing two birds with one stone. If you are eager to know about this extremely lucrative trend in crypto, you have come to the right place. Let’s Dive in!
What is P2E?
Play to Earn or P2E is one thing that is getting the most searches among gamers, crypto traders, and NFT lovers. Its been around 6 years since the crypto world became familiar with NFT games. It is still proferring opportunity for gamers to make not just a passive income but also to sustain themselves without a professional job!
In 2017, when the first-ever NFT game, CryptoKitties, was launched on the Ethereum Blockchain, the whole network was flooded with gamers and NFT enthusiasts, and it went down for a while. The game is celebrated even now, and one crypto kitty is worth several thousand dollars now.
Play-to-earn games are where you play, win, and earn rewards in the form of cryptos. You can monetize these crypto coins, which are now bringing fortunes for many gamers. Not just that, you can have definite ownership of the in-game assets on the blockchain. Yes! Say you buy an in-game asset in the game; you will be given exclusive ownership on the blockchain, which you can sell to anyone else later.
How to Play and earn from NFT games?
There are many NFT games now in the market. They range from cute games where players will have to feed and breed pets. There are also games that involve battles and races. In recent times, Sports based games are also hitting the market, attracting sports fans to games. Though the genre of the game changes, the earning process from these games is more or less the same. NFT games are similar to other conventional games. The following are some ways in which it differs and offers an opportunity to earn.
- When you win a game, and you receive some points, you get those rewards in the form of either crypto tokens or NFTs. these crypto tokens or even crypto coins can be exchanged for fiat or other cryptocurrencies through a crypto exchange platform
- When you buy an item in the game, it comes in the form of NFT. You will have definite ownership of the blockchain. You can sell these NFTs anytime in the NFT gaming marketplace and monetize them.
- There is another way which helps you to earn better. When you get an item, play with it, increase its strength or level over time, and its value also increases. Thus when you sell an NFT item after leveling up, you get a profit.
Why is crypto gaming getting the hype?
You might wonder why there is hype around crypto games lately. Many reasons attract people to this new gaming industry. The main reason is that any player can play the game anywhere and withdraw the money they earned easily without any security and exchange rate issues. Apart from that, players need not verify their identities. The transactions through the platform are faster and more secure too. That is why people into games are getting ready to earn through these games.
Upshot
The crypto gaming industry is still in its infancy, and around 50 million gamers are into it. It is expected that the crypto gaming market will grow and hit at least 200 billion in 2023. There are massive signs of this capability indeed, inviting more gamers towards the field. Not just gamers, NFT gaming platforms are also for people who are just beginners in gaming and cryptos.
