Depending on this factor, you should choose an appropriate wallet: it might be Ethereum, Tron, Polygon, Binance, etc. Pay attention to the blockchain that the in-game tokens of your choice are based on. You need it to store NFTs, in-game tokens or to launch the game (with Metamask, for example). Create a cryptocurrency wallet if you do not have one yet.To participate in play-to-earn type of games you need to accomplish these simple steps: Some games allow the player to stake the internal cryptocurrency right into the game and earn interest to purchase other in-game items or just withdraw it.The items can be sold, removed, or destroyed.Believe it or not, we all love to possess unique things even in digital form. All the items are scarce and intangible.Players save their score on the blockchain, so there is no risk of failure. Why has the play-to-earn concept become a thing? When players find, win, or accumulate these items during the game, they can exchange them with other players on the digital markets for various NFTs or sell them for cryptocurrency.
You can learn more about them in a corresponding article. Now, users come to play the games based on the blockchain with a pinch of DeFi and NTF tokens.Īs a rule, all objects in the games are represented in the form of these NFT tokens. What Is the Play-to-Earn Games Business Model?Īs we have already mentioned, the play-to-earn (p2e) concept came to replace the play-to-win one.
Crypto Elite in Davos – World Economic Forum 2020.What Is the Play-to-Earn Games Business Model?.
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