Unlike traditional gaming where all activities exist only within a centralised ecosystem, P2E games operate on blockchain technology, meaning that a player has to complete the game or battle other players in order to earn tokens that can later be transferred and cashed out at a crypto exchange.
Games that let players win money look set to thrive further in the metaverse. With improvements in 3D graphics, virtual reality, augmented reality and blockchain technology, these games are gaining followers who see it as a platform for them to interact, socialise, make transactions and invest for future earnings.
In play-to-earn (P2E) games, players have to spend money to purchase characters or items before they can play. In turn, these players are paid with digital tokens like cryptocurrencies and non-fungible tokens (NFTs) in decentralised marketplaces. This serves as their in-game assets which also have real use cases outside of the game. Some well known P2E game titles include Axie Infinity, God Unchained and Splinterlands.
