Should you invest in Play to Earn games? Have you ever wondered if it is possible to earn money by playing or investing in online games? It turns out that for some time, it is possible! Many games already offer the possibility for the user to be rewarded for having played or interacted with the virtual environment.
This is the case of Play to Earn (P2E) type games which allow players to receive rewards generally in the form of tokens for completing in-game tasks. These tokens, in addition to being exchanged in the game -even, can be exchanged outside of the virtual environment for another crypto or a more traditional currency.
Games Play-to-Earn
Play to Earn games have recently appeared on the market. They are based on a simple concept: the player invests his time in the game and gets rewards in return by completing tasks. For some, these P2E are the third generation of games, just after Free to Play (F2P).
What differentiates these two types is that F2Ps are available for free and are monetized via an in-game store in general: exclusive skins and special abilities for avatars are some examples.
While P2E games follow a different dynamic: they allow winners to get tokens as rewards for certain tasks. Also, they use blockchain technologies, which allow gamers themselves to generate revenue through crypto and in-game NFTs.
How does the P2E compensation system work?
Each P2E gaming platform has a cryptocurrency in general that it uses to operate. To play these games, players must buy tokens of this crypto. Then players can spend these tokens to play the game in an attempt to earn more in the form of rewards.
Otherwise, it is also possible to observe the fluctuation of the price of the NFTs: the players will be able to see their capital increase as the price of their NFTs increases. This is a unique feature of P2E, which makes this option attractive to players and investors.
Finally, some P2E allow staking, it is a practice that consists of blocking tokens with a smart contract for a certain period. In return, the player gets rewards in the form of interest rates.
Which P2E games to try in 2022?
There are many P2E games out there and many more are coming. That's why we're going to look briefly at those that will be released over the next few months and that seems to have the potential to become the game of the year.
Battle Infinity (IBAT)
Battle Infinity is currently on presale and its popularity continues to grow. It's a fantasy league-type game using the Metaverse to allow players to compete through the teams they can create, but also evolve within this universe while improving their champions and trying to climb to the top.
There are still about 70 days left before the presale ends and yet the project has already collected more than 5000 BNB. There is a real enthusiasm around this project developed under Unreal Engine.
Tamadoge (TAMA)
Tamadoge is also a recent project so far in presale. It uses the Dogecoin ecosystem and combines Metaverse and Tamagotchis to offer a new kind of P2E. There is talk of getting NFTs with images of creatures similar to Tamagotchis, popular in the late 90s.
Should you invest in Play to Earn games?
Thus, it will then be possible to make them face other players, make them evolve, explore the Tamaverse, this unique world of Tamadoge, and much more. This P2E seems promising because it takes up a popular concept while mixing blockchain technologies and the Metaverse.
Should we invest in P2E?
Play to Earn is a combination of the fun aspect of video games and the possibility of obtaining rewards associated with money in exchange for your time. It's a potential glimpse into the future of the video game industry. Many more traditional video game studios are interested in the phenomenon, such as Ubisoft in particular.
It is currently difficult to say precisely whether or not to invest in P2E. The cryptocurrency industry is recent and the P2E industry is even more so. In the long term, these games do not have enough maturity to define if they can last.
On the other hand, in the short term, it is undeniable that these projects generate money and therefore that it is possible to invest in order to make a profit.
For example, just look at Axie Infinity which at its peak was worth $150. Despite problems, especially with piracy of over $600 million, the game has been profitable for investors and gamers.
Act with caution
Ultimately, P2Es are like any other investment. That is to say, you have to be vigilant, analyze the state of the market, form your own opinion and then decide for yourself if you are going to invest, keeping in mind that investment is money. potentially lost money.
Therefore, do not try to invest just to believe that it will generate a lot of money, invest if you see potential in a project and you think it will be successful. There's no denying that P2Es can be a great source of investment, but it all depends on how you go about it. This is true for any project in crypto or not.
The Metaverse is certainly going to play a significant role in the future of P2E, just as these are likely to become more mainstream to the point where many current video game studios will use them in the future.
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