Playing to earn games has given video game lovers more reasons to devote their time and funds to gaming. Since those NFT games began to gain more acceptance among young folks in several developing countries, players no longer see gaming as a mere hobby to pass the time during leisure moments. Instead, they take the game as a juicy source of income that can fetch them a fortune.
Although, earning rewards in a video game has been in existence for a long time. But, these play-to-earn games come with a different twist. Back then, players got some on-screen rewards that never materialized in real life but only accumulated in their in-game wallets.
At best, they can only manage to spend those in-game coins to unlock higher levels of more complex tasks or purchase some in-game assets that may fascinate the players but can only remain in the game. Whereas play-to-earn games allow you to earn some in-game tokens, which you can later convert6 into real-life cash to buy real estate assets, pay your daily bills, purchase goods from grocery stores, and more. How does that feel? Great!
The introduction of play-to-earn games has contributed immensely to the general acceptability of cryptocurrencies and Non-Fungible Tokens (NFTs). Also, blockchain technology has become more popular. As play-to-earn games remain at the forefront of modern technological innovation, the P2E industry has incorporated new technologies giving birth to more play-to-earn games in circulation.
Presently, there are hundreds of P2E games on the market. You can choose anyone easy for you to play with and start earning as much money as you can in the comfort of your home daily.
As play-to-earn games continue to enjoy the hype on the global scene, people seem not to talk about their impacts on people, jobs, and society. To give you a balanced view of these P2E games, here are the top pros and cons you need to know before investing your hard-earned money.
The Pros of Play-To-Earn Games
1. Opportunity to earn real-life money
One thing that remains amazing about playing to earn games is that your in-game rewards can get into your real-life pocket. In the earlier days, players could only fantasize about converting their in-game rewards into real cash, but it could only be a wish. Then, players easily get frustrated in the long run after accumulating a reasonable amount of in-game coins that can be used to purchase virtual properties.
Play-to-earn games have changed that frustrating story as players can now get real-life re3ards for their time and efforts in completing complex tasks. P2E players make crypto and sell when the value soars higher or invest it to purchase some in-game assets, which would make the profits margin wider.
Play-to-earn games aim to provide payers with added incentives. These rewards are only for players who spend more time in the gaming environment, so you might want to stay for long to accrue more money. On the flip side, you might lose some competitions and lose your in-game earnings.
2. They develop the gaming community
The newest play-to-earn games presently have one of the largest and most active communities in the gaming world. For instance, Axie Infinity, the currently leading P2E game globally, has a robust community of about 106 000 daily active users. That’s incredible for a video game environment.
The large numbers are increasing because play-to-earn games allow players to work together to complete complex tasks and split the rewards afterward. This initiative helps foster an excellent player-to-player relationship building a community of players with a shared goal. The shared reward opportunity will boost the gaming communities in the nearest future. Click here to read about What Is Cryptocurrency and Should I Invest in It?
3. They may increase blockchain technology acceptability
The gaming industry has been increasing in value since late 2020. In 2021, it rose to a whopping sum of $173.70 billion, which was actually a great success for the gaming industry. It is also expected that the worth will soar to $314.50 billion before 2027. No doubt, gaming has become the most popular form of entertainment. In contrast, blockchain is nascent, but as the P2E gaming industry adopts blockchain …