How to Get Rich on Play-to-Earn Games
03 Mars 2022 - 06:45AM
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Play-to-earn (P2E) is the talk of the town with plenty of games
raising billions of dollars. This new model is changing the whole
gaming paradigm. It is already creating waves in the crypto
industry, with many projects launching new games daily. Although
making money through gaming is not a new notion, it has been taken
to a whole new level with the emergence of blockchain and, most
importantly, with the recent boom of NFTs. The P2E era began
with Ethereum since it was the only platform available in the early
days. For several years, it was both the most proficient smart
contract platform and a big developer and user community, which
turned it into the greatest platform for blockchain games’
development. As a result, the community witnessed the birth of
play-to-earn games like CryptoKitties and Decentraland, which
allowed players to monetize their in-game efforts in a number of
ways, such as breeding rare and sought-after CryptoKitties or
swapping beautiful parcels of land in Decentraland. With blockchain
technology poised to disrupt this massive business, it is evident
that play-to-earn is here to stay. With over 3.2 billion gamers
already active in the market, P2E games have an edge in reaching a
much larger audience. The P2E sector is now on the verge of
widespread acceptance, with gamers embracing this new model as a
method of earning money. Leveling Up Gaming Skills to Earn more in
P2E Games Play-to-earn games are all about strategies and skills,
and how players use them to get the most out of any P2E game. Many
gamers have excellent skills and are in high demand in the market,
but the majority of them have remained in the Web 2 environment,
where they earn money mostly through streaming and gaming
tournaments. The big change with P2E games is that they reward
gamers depending on how they play the game strategically. Popular
games like Axie Infinity give players the opportunity to monetize
their skills by playing games and not just by winning tournaments,
etc. They reward every move made by the player with their native
game tokens that can be converted into real money. These games have
flipped the entire traditional gaming business model, from players
looking for excellent games to earn to games looking for good
gamers. It is now more necessary than ever to have exceptional
gaming skills in the P2E age, where gamers may make a lot of money
simply by playing. Although skilled gamers are generating money
with games like Axie Infinity and Decentraland, things are getting
tougher as games seek new challenges to meet expanding demand in
the crypto and NFT industry. Finding the Right Games that
Compensate Fairly The P2E industry has expanded so much that it is
now saturated with hundreds of games that offer a similar type of
gameplay and reward model. Given the tremendous amount of
fragmentation in the industry, finding play-to-earn games that
players want to play has become difficult. In fact, there are
gamers out there who spend their time and skills on games that pay
them just a few bucks. However, there are gaming companies eager to
hire great players and compensate them decently for their time on
the field, while players are looking for the best paying games. In
order to bridge this gap, platforms are working hard to provide a
one-stop solution that will guide the relevant gamers to the right
games. LUDO is one such platform that, through its application, is
connecting the right gamers with the right games. It is developing
a multi-chain platform with an emphasis on usability and a
creator-centric approach. Ultimately, its goal is to steer players
to the games that will give them the best earning opportunities.
P2E Games are Beyond Making Rich Although P2E games might earn
players a lot of money, it is also crucial to highlight that this
model is paving the way for innovation. Platforms like LUDO, which
are driving innovation in this field by tackling basic challenges,
are revolutionary. The P2E model has given birth to new ideas, and
putting them to use to solve real-world problems ensures that it is
here to stay.
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