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CATEGORY: play2earn


Dec 23, 2022 10:45

Top 10 NFT Games To Watch Out For in 2023

This article is all about the top 10 NFT games to watch out for in 2023. Let's take a look at it in more detail.

Dec 09, 2022 11:25

Top 3 Play to Earn Tokens to Watch in December 2022

Play-to-Earn, as the name implies, is a space whereby users play games to earn cryptocurrency. This is ultimately integrating the gaming industry into the blockchain space. Play To Earn Tokens has a total market capitalization of $4,037,231,084 with one top name like The Sandbox, Decentraland, and Axie Infinity and a growing total trading volume of […]

Oct 07, 2022 10:45

Top 5 Metaverse Projects to Watch in 2023

This article is about the top 5 Metaverse projects to watch in 2023. Let's take a look at it in more detail.

Aug 17, 2022 10:45

Axie Infinity Land Staking – How successful were the first days after starting and How To Stake?

Axie Infinity team announced the Land Staking to its community users. This post is all about Axie Infinity Land Staking and how to stake.

Aug 05, 2022 09:23

Avalanche Update: Will Avalanche Subnets Solve The Biggest Problem of RPCs in the GameFi and Play2Earn Blockchain Sector?

This article is all about What are Avalanche Subnets and whether will it solve the RPC issue. Let's take a look at it in more detail.

Aug 05, 2022 09:23

Are P2E Games DEAD? Here’s a Quick Insight into the Play-to-Earn Industry

Are P2E games dead? Well, the market was able to grow by almost 2,000% compared to the previous year. Here are the top 5 P2E games.

How the Gaming Industry Is Transforming Through the Integration of Blockchain Technology

Author: Null Transaction PR
United States
May 25, 2022 11:30

How the Gaming Industry Is Transforming Through the Integration of Blockchain Technology

The gaming and blockchain industries have much in common. Both are rife with burgeoning technologies and innovation, and both industries are constantly changing. With blockchain still being considered relatively new, compared to gaming technology, one may wonder how blockchain could influence or transform the gaming industry. Two innovators on the forefront of the blockchain and […]

The post How the Gaming Industry Is Transforming Through the Integration of Blockchain Technology appeared first on NullTX.

What Is League Of Kingdoms Crypto Game? Here’s How To Play It!

Author: Owotunse Adebayo
Germany
Apr 20, 2022 01:30

What Is League Of Kingdoms Crypto Game? Here’s How To Play It!

Play2Earn games are taking over the crypto sector. This article looks into the League Of Kingdom game and the future of the project.

Apr 05, 2022 07:10

What is Play2earn Crypto? Here’s how you can Earn Money while GAMING!

Play2earn is a long-awaited dream for gaming lovers, which is coming true. Which gamer doesn't dream of earning money with his hobby? Play2earn now makes it possible. The development, which is mainly driven by blockchain technology, is currently becoming a megatrend.
Gaming is one of the biggest growth drivers in the economy. This includes so-called free-to-play games, which allow players to play for free. Games like Fortnite, PUBG, and mobile games started this trend. The developers earn money through in-game purchases such as special weapons or outfits. But what is Pla2earn and how does it work?

What is Play2earn Crypto?

As the name suggests, Play2earn means that players can earn money by playing certain games. At first glance, the Play2earn system is very similar to the “free-to-play” system. The games are free of charge, but special items such as outfits, weapons, etc. can be unlocked in the game by using money. At Play2earn, however, players can earn equipment. Through further playing, the possessions can be "leveled up" and gain in value accordingly.
The valuable items are then stored on the blockchain as tokenized NFT. The item can't, therefore, be copied or counterfeited. In addition, the owner is clearly defined and well-known through the wallet that owns this NFT. The NFT can then be offered on the open market. Depending on how rare the item is, the demand is high and the price increases accordingly.

What Is Tokenization?

Tokenization is a way experts replace sensitive data with unique items called tokens while retaining all the essential information and not compromising its security. Security is crucial in tech as it protects a software or program from all sorts of attacks, which may lead to data or digital asset theft. Either way, tokenization is an essential part of the NFT and gaming world. Tokens retain these significant parts of the actual data to ensure seamless running. Today, institutions utilize tokens to keep medical records and bank transactions safe from theft. Other sensitive information may also be tokenized for their protection.

What Are NFTs?

Non-fungible tokens or NFTs are one of the most important topics on the lips of digital asset enthusiasts. These token types are different from the usual fungible tokens, like Bitcoin and Ethereum, increasing their demand. NFTs are blockchain-based digital assets that you cannot replace or change for others. For instance, you can take a Bitcoin loan and replace it with another Bitcoin. However, this is not possible with NFTs because they are scarce. In some instances, NFT rarity helps push their prices to higher grounds. This makes it challenging to place a price on these assets because they have low liquidity. Still, many people create digital products and turn them to NFTs to sell them at mouth-watering prices.

How Did Play2earn Games Start?

Experts created play 2 earn games to play games while earning money. So, gamers will play games and stand a chance to receive attractive rewards, which can be converted into real currencies. One of the most prominent stories leading to the industry’s growth was in 2019.

In 2019, the creators of MixMarvel explained that blockchain technology might change the gaming industry. They spoke about this during a blockchain conference, informing other enthusiasts about opportunities in the gaming sector. Also, Yearn’s Andre Cronje used the word “GameFi,” describing an opportunity for the financial and gaming sector to meet. Thanks to blockchain technology, many service providers made this possible.

It’s safe to state that games have different gameplays and rules. While some encourage mining to get rewards, others mandate winning in-games to receive tokens. Still, no matter the game’s avenue to award players, it’s inevitable that they enjoy excellent tips from their gaming.

Play2earn games Examples

One of the most well-known Play2earn games is the metaverse " Decentraland ". The game, which is visually very reminiscent of Minecraft, is a decentralized world programmed on the blockchain, which had its ICO (Initial Coin Offering) in 2017.

The Decentraland consists of 90,601 parcels of virtual land, which can be purchased and resold by players. In the Decentraland world, everything is tokenized as NFT. In Decentraland, in addition to buying and selling land and buildings, players can also earn money through business.

The game "NBA TopShot" could be interesting for sports fans. Within the game, sponsored by the NBA, players can purchase basketball trading cards. Some of these are issued free of charge, some of the cards can also be purchased or played as NFT tokenized cards. Valuable cards can be worth thousands of dollars.

The Sandbox is another Play2earn game that initially shares similarities with Minecraft and Decentraland. In The Sandbox, players earn money by playing minigames or crafting items. This includes characters, outfits, or your own games.

How does the developer make money in Play2earn?

Since the development of such games costs a lot of money and is mostly financed by private companies, behind every Play2earn game there is also the expectation of a company to make money. But how do companies whose games are free to make money?

With free-to-play games, the developers usually finance the games through the in-game sales described above. So players pay to have the coolest "skin" or weapon. This is similar to Play2earn games. First and foremost, even if the game is free, new players have to invest some money to get some kind of basic equipment that can be leveled up. The more time players play, the more they end up benefiting from equipment sales.

Will Play2earn prevail?

Play2earn currently seems to be heading for a megatrend. The model in which both players and developers earn money is not only novel but also a win-win situation. The advantage is also that the games are mostly evolving and are not relaunched every year. The property in Decentraland is not worthless from one moment to the next, as is the case with every Fifa Ultimate team, for example, when the new Fifa part is due in September.

ERC-1155: A new token standard aimed to disrupt the video-game industry ERC721 Enjin© Cryptoticker

Cros Empowers Digital Advertising and P2E Games in the Metaverse

Author: Michael Rigario
United States
Feb 08, 2022 11:30

Cros Empowers Digital Advertising and P2E Games in the Metaverse

Cros is a decentralized, secure, and tamper-proof layer 2 protocol building a framework for interoperability and collaboration across multiple blockchains. The platform aims to define how Metaverses, Gaming Platforms, DeFi protocols, NFT marketplaces, and other crypto projects will collaborate in the future. Powered by compliance-by-design smart contracts, Cros enables businesses to execute value chains with […]

The post Cros Empowers Digital Advertising and P2E Games in the Metaverse appeared first on NullTX.

Sep 06, 2021 10:55

DeRace Review: NFT Horse Racing Game on Blockchain

DeRace is a virtual NFT horse racing universe built on the blockchain system and powered by DERC. If you are someone who loves gambling, NFT’s and moonshot tokens, DeRace is the right platform for you. DeRace is a platform that imitates real-life horse gaming and provides the gamers with supreme horse racing experience.  The concept […]

Aug 27, 2021 12:24

Warning: Plant2Earn NFT Play To Earn Game Review

Plant2Earn is a P2E (Play to earn) strategy game which uses defense and is built on the Binance Smart Chain (BSC) blockchain network. The gameplay is very similar to that of CryptoBlades, CryptoDrakeBall with a promised, high ROI. Plant2Earn utilizes a Play-to-Earn mechanism for users to generate P2E (the game’s native tokens), and simultaneously enhance […]

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