P2E: The Revolution To Watch Out For In Blockchain Gaming
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E-sports or competitive gaming has always been something that is much sought after. The adrenaline rush is worth chasing, and of course, you also have the chance to earn from the game. Gone are the days when you had to pay an amount to play a game; now, you can simply play it and get paid for it. As expected, this model of gaming has been quite lucrative for many. With the world moving towards a more decentralized Web3, NFTs and cryptocurrency have been integrated with P2E gaming that is built on blockchain technology. This opens up the doors of P2E gaming to more than the gaming community – even to those who do not generally game. These games utilize DeFi which allows the melding of the in-game economy with real-world currency. In-game assets can also be traded among users on play-to-earn NFT gaming marketplaces.
With the COVID-19 pandemic ravaging the world and forcing everyone to stay behind locked doors, several people all over the world lost their income and livelihood. In such dire situations, some in developing countries turned to P2E gaming in order to sustain themselves. Countries like the Philippines and Vietnam have particularly been great markets for blockchain gaming. Even now, Play-to-earn NFT gaming marketplaces are still letting people earn a passive income and are instrumental in helping people get back on their feet. In fact, it has been speculated that in the not-so-distant future, P2E gaming may just become a viable alternative to traditional jobs.
How do P2E games work?
Game developers have been quick to jump on the NFT bandwagon, integrating them within gaming ecosystems. Games like Axie Infinity, Splinterlands, and Gods Unchained are some popular titles that make use of blockchain technology, and consequently, NFTs and Defi in their games. Like any other game, these games come in different genres with interesting storylines and gameplay. Therefore, this allows the game to be entertaining while also having utility outside the game.
So how exactly can one earn from these games? Well, the opportunities abound. For the most part, how you can earn depends on the game itself. However, you can earn in-game points in most games by completing tasks, missions, and quests. These points can then be cashed out for fiat currency. In games like Axie Infinity, you can breed creatures for in-game currencies and rewards. These elements are in the form of NFTs and you can buy and sell them on the NFT gaming marketplace. Another draw of P2E NFT games is that they let you have complete ownership of the asset. And being built on the blockchain, you can verify its authenticity.
What are some P2E games that deliver?
With a burgeoning market for P2E NFT games, there have been several games popping up that cater to a wide range of players. But there are a few standouts that everyone would like. Here are a few P2E games that seem to be great!
Sandbox
One of the most popular P2E games is Sandbox. The Sandbox Metaverse is a virtual world in which users can take their gaming experience to another level by building, owning, and of course, earning. Users can buy up space in the Metaverse called LAND or even an ESTATE which is a collection of LANDS. These LANDS can be bought with SAND tokens which is the utility token of the Sandbox ecosystem. It may also serve as a governance token and may even be used for staking.
So what can you do in this Sandbox ecosystem? The Sandbox Metaverse is quite literally a playground for user-generated content. Users can create their own assets and NFTs and sell their creations on the marketplace where they can be bought for SAND tokens. Taking things a step further, you can even build your own 3D game within your LAND! Players can then play these games and earn SAND.
RADDX Racing Metaverse
This is an upcoming car racing game by Jump.trade. The marketplace has already launched the Meta Cricket League which is the world’s first P2E cricket NFT game. So with their track record, this game has immense potential. First of all, the game is slated to have stunning EV NFTs which, going by the teaser, look gorgeous! Sure, you can use these car NFTs to play, but you can also sell them on the marketplace and make a profit from it.
The gameplay, too, will give the player an adrenaline rush like no other. You may be able to complete exciting tournaments and earn simply by racing! How cool is that?! And the best part is that it only costs $1 to enter the game, making futuristic car NFT games like this one accessible to a larger audience. If you can earn and experience the thrill all at once, who could ever say no? So this is surely one game to watch out for. Especially if you are a racing buff!
Closing Thoughts
Since their magnificent ascent to fame in 2021, NFTs have been revolutionizing several industries. And at the fore, leading the charge to Web3, is the gaming industry. NFTs have given a whole new perspective to gamers. What was once pay-to-play is now play-to-earn. Especially given the fact that the recent COVID-19 pandemic left a major economic disruption in its wake, P2E NFT gaming would help people supplement their regular income if not be the main source!
By simply playing a game, achieving a milestone, or completing a quest, you could earn all day every day. They also add a layer of flexibility to gaming where players can weave their own narratives, or even create their own sub-games! And of course, if you simply don’t have the time to play the game, you can look at NFT games as an investment. You could invest in an in-game NFT and sell it for a higher price when it is at its most valuable. The options abound when it comes to P2E gaming. So explore the several marketplaces at your fingertips and game on, earn on!