A Different Way to Invest in Crypto: Your Guide to P2E Gaming

Play to Earn or shortly P2E gaming is a rapidly growing trend announced to change both the gaming and crypto arenas. In what way? It remains to be seen.

P2E has become increasingly popular due to the fact that it lets players explore opportunities and earn rewards in an innovative, consistent way. Enthusiasts now have the chance to participate in an in-game economy of microtransactions. They can earn rewards while playing video games and exchange them for real money, which wouldn’t be possible in competitive tournaments. In other words, the use of coins and assets is taken to the next level.

But although P2E is an alluring concept, you must document it thoroughly before starting the adventure. This article explores valuable insights and tips regarding P2E gaming, so keep scrolling to discover what it is all about.

What is P2E gaming?

Before digging into the topic, we need to shed light on what P2E means. So, it is a subdivision of gaming that allows gamers to gather or farm in-game assets and then exchange or sell them. The P2E concept would not be possible without what is now known as blockchain technology and NFTs (non-fungible tokens). This technological innovation has revolutionized the ownership of in-game goods and user-to-user interactions, giving people various opportunities to make real-world gains.

These blockchain games are already available in some countries where people can even earn an income. It might sound unrealistic, but you can make more from a P2E game than you would by working an entire month. Of course, this depends on every individual’s level of expertise and experience in the field and the diverse opportunities each country provides. P2E is on the rise in developing countries, with increasingly more companies looking to democratize this concept. Creating a Play to Earn platform interests many developers nowadays that have realized the potential of P2E games and work tremendously hard to make the most out of them.

What you usually need to get started is one NFT that you can later recuperate if you make enough money. This is not that impossible if you dedicate enough time a day to play and document the market. Various games have embraced the P2E concept, so you can play everything from MMOs and MMORPGs to racing and fighting games. The range is vast, so the choice is yours. Ensure you choose a type of game that grabs your interest and know you can become better in a short time.

The Metaverse and Web3 are also involved, as numerous P2E games want to establish a presence there. Sooner than you think, the line between real and virtual will blur since people have so many chances to earn real-world money while playing games virtually.

Examples of P2E games

As previously mentioned, there is a range of games that are played differently and thus influence the way in which you earn rewards. The only thing in common these games share is that you can use your gaming satisfaction to make gains in each of them. We mention some of the most popular games out there, but remember there are hundreds if not thousands out there or in the early stages, so it is highly advisable to do your own research and discover the one that best suits your needs.

• Illuvium
• Galaxy Fight Club
• ZedRun
• Town Star
• Axie Infinity
• CryptoFights

Do they not sound futuristic? Well… they really are. For example, Illuvium is a P2E game based on auto fights across the open-world RPG. Gamers can gain NFTs or $Ilv and then exchange them for real-life coins. This game is predicted to become a bond between AAA and P2E games, so if you are looking for something with potential, Illuvium might be your thing.

How do cryptocurrencies and NFTs play a part in P2E gaming?

NFTs play a considerable role in the P2E gaming world, as they represent a rewarding means. These non-fungible tokens are so special that they cannot be copied, subdivided, or substituted due to their unique digital identifier. This means every player earns a one-of-a-kind NFT they can add to their collection or sell for real money. That NFT’s ownership and genuineness are verifiable on the blockchain, so it can be discovered if a player is ever rewarded with a fake NFT. This technology allows Play to Earn games to recompense players with non monetary goods they can turn into monetary in no time.

As with cryptocurrencies, it is one of the methods these games can reward players for their play. The variety of digital coins out there allow games to pay individuals with cryptocurrencies such as Bitcoin, Ether, or Dogecoin, so if you are interested in investing in crypto, aside from NFTs, P2E gaming is a viable option.

How to buy and sell digital goods in P2E games

Now that you have gained more insights into P2E gaming, you may be wondering where to begin and what is to be done to start earning. P2E games are an excellent opportunity to be rewarded with numerous in-game mechanics you can use in your best interest. Suppose you are about to play Axie Infinity, for example. In that case, you may want to know that breeding new characters can bring you a significant income, especially if you develop rare game characters. In fact, it is all about rarity, uniqueness, and creativity, so if you have been blessed with the creative sparkle and master technology, you have taken potluck.

However, you must be willing to invest, as creating rare game characters requires the SLP (Smooth Love Potion) token that, once again, implies an upfront cost. Plus, this SLP is on the Ethereum platform and, in case you didn’t know, developing on Ethereum involves an additional gas fee. Anyway, results are as expected once you achieve the breeding goal. So, the question is, are you going to take the risk or not?

Takeaway

The path to success in P2E gaming seems long and thorny, but is not that the same for every new way you take in life? So, if you have just entered this part of the gaming world, we can only advise you not to get discouraged. With passion and determination, you can earn money playing.