Hello everyone!

Today I want to talk to you about a relatively new trend in the market — games with the “Play to Earn” concept, which is rapidly gaining momentum. Innovation secures ownership of in-game items. There are computer and mobile games with the ability to earn cryptocurrency. Part of the program code of these projects is built on the Blockchain system.

Play-To-Earn (P2E) is a new abbreviation that only gained popularity in 2021. This is a site monetisation system for players and developers. The method consists of the possibility of exchanging game items for digital coins.

In addition to Play-To-Earn, there are Free-To-Play and licensing. The first approach (F2P) allows users to play for free, subject to high traffic. Monetisation is based on in-game purchases and advertising, for example, buying skins in Dota 2. The license is used by large developers. Access to the game can only be obtained for money. Combination with paid items and advertising is possible. A good example is Counter-Strike: Global Offensive. Play-To-Earn games have their advantages:

• by using Blockchain. Part of the game’s programming code is based on a digital system. Thus, the ownership of the in-game inventory is secured. For comparison, you can delete or transfer an item on a regular server. Blockchain does not allow transactions with the player’s property without his knowledge, even to the creator, and each purchased item has a unique id.
• You can earn. The principle of Play-To-Earn allows you to make real money while playing. Users receive rewards during gameplay. The in-game currency is exchanged for NFT items or vice versa. The player can sell models on marketplaces for cryptocurrency.
• New game industry. The development of Play-To-Earn will lead to a change in trends for gamers. The logical continuation is the introduction of technology into existing large projects. So far, this has not happened at the global level. But already, for example, there are GTA LIVE servers with the introduction of NFT.

During the analysis of the Play-To-Earn market, I noticed a kind of symbiosis. Developers attract new players with technology, and users can earn money on P2E projects. Imagine that you receive money during your leisure time. I concluded: P2E monetisation is becoming a new win-win trend for gamers and developers.

P2E projects use Blockchain technology. To store NFT models, games are based on coins. In general, the gameplay of Play-To-Earn is no different from conventional platforms. The uniqueness lies in the implementation of the in-game currency.

• The user connects to the server. It contains the information of game objects. Users who enter the service enter the platform system.
• Quests are offered to earn game currency. Users can spend coins on unique items. The Blockchain system is implemented directly through the game interface in some projects. Bonuses for completing tasks are immediately paid in cryptocurrencies. An option in the form of NFT prizes is also possible.
• Received NFT items can be modified. Information about models is recorded on the Blockchain. But the appearance of the object is generated by the server. Only the owner can use them.
• In-game valuables can be sold. NFTs are in demand on exchanges. Many traders use models to profit from price speculation. All modifications from the player will be saved.

Goods — NFT-models or game currency. The concept is to create virtual market relations. A digital coin acts as a universal medium of exchange. It is worth noting that developers do not pay just like that. You need to complete tasks and quests. By the way, there is an interesting fact. Game developers issue their tokens. And the initial promotion of such digital assets is called IGO (Initial game offering). They are based on popular coins. Like other tokens, game tokens have their capitalisation and value. According to the characteristics, you can track the demand for the project among players and traders.

And about one of these projects — Heroes of Mavia, I will tell you more in the following article! Subscribe to my channel to be always one step ahead of the others!

See you!