Have you ever thought of earning money by just simply playing games? Or are you looking for a way to turn your gaming hobby into a career? If your answer is “yes”, then you are in the right place. In this article, I will share with you how to earn money on Play-to-Earn (P2E) Crypto and NFT games.
If you are new to P2E games, I will give you a brief idea of how legit innovative gaming has become.
On an 18-minute documentary film created by Emfarsis Consulting together with Yield Guild Games, there is a rural community in the Philippines at Nueva Ecija, whom the residents resorted to playing the game Axie Infinity to earn money after losing their jobs due to the pandemic. The interviewed player was said to earn $20 in 15 days after playing Axie Infinity.
Another Axie Infinity player named John Aaron Ramos, also stated on Facebook that he was able to buy two houses using only the money he earned by playing the game. The 22-year-old Axie Infinity gamer also shared pictures of him posing outside the houses he bought together with the property deed.
So if you are convinced that you can earn money with P2E, let’s go into details to start earning with Crypto and NFT games.
What is a Play-to-Earn Game?
The P2E games are not the traditional way of playing games where the developers are the only ones in control of managing the game and accessing the data, as well as limiting the player to have ownership of the things they acquire in-game. Things that are bought in-game such as armors, swords, and other stuff that is acquirable by real money, in only valuable for the player within the game.
On the contrary, P2E games are an innovative way of playing where players can earn various prizes for playing a specific game. Moreover, P2E involves Crypto and NFT games by using distributing game assets with the players instead of staying on a closed development loop. In short, P2E games are not fully controlled by a company and work through a shared blockchain. This type of game is not controlled by a single organization that usually limits player interaction. It also allows the players to fully control the game when using the specific platform.
Furthermore, since game assets are placed on a blockchain, the assets acquired by the player are not limited in-game and placed on a public blockchain. The function of blockchain is to carry out contracts and transactions. Also, P2E games concept lops through accomplishing transactions that involve in-game collectible stuff such as armors, characters, and potions. The game assets will serve as actual tokens that have a monetary value.
Skip to content