Play-to-Earn – a new trend in the gaming industry
Play-to-Earn (P2E) is a new concept of video games where gamers can earn cryptocurrencies and NFT tokens through their gaming activities. In the past few months, the Play-to-earn trend has gained momentum.
According to some estimates, the global gaming market will reach $ 268 billion by 2025. So in many countries, a career in the gaming industry can make a lot of money. And Play-to-Earn helps every player do this. The concept is straightforward: users can earn real money or other rewards just by playing the game!
The easiest way to understand this is with a specific example of Axie Infinity. Axie Infinity is a character blockchain game powered by Ethereum. The gameplay consists of the fact that players grow their characters, breed them and fight with other Axie characters. In this case, players can earn by breeding animals or through victories on the battlefield.
In addition, each Axie is technically a non-fungible token (NFT). Therefore, each has unique characteristics that distinguish it from other creatures.
Last week, according to PlaytoEarnDaily, three P2E projects had skyrocketed in value.
- Gala + 313%
- Cocos + 281%
- Realm 172%
According to a Stratis survey, 54% of respondents consider rewarding players real value as a key use case for blockchain in gaming. In addition, innovation and “fun gameplay” were the reasons 61% of respondents said they considered blockchain valuable to the video game industry.
Games with the most players in the last 30 days, according to statista.com:
In 2021, the process of creating in-game tokenomics and play-to-earn game devices is just beginning. However, this trend will be popular for a long time to come. Blockchain technology has once again been able to open the blue ocean. Now it is a new level of player interaction. The P2E model allows players to create digital assets and trade them through the infrastructure of the game. As a result, Play-to-earn is not a marketing ploy but an attempt to shape a new economic model within video games.
Analysts of our company have created an investment portfolio Play-To-Earn Index, which includes only the most promising projects. So, very soon, you will be able to invest in a new trend in the market. Stay tuned!