Looking for Consultation ?
Contact Us Now

What are the P2E Games? A Business Model or just a Fuss

Browse Our Blogs

Categories

Categories
Why Social Media Marketing Matters for Your Business Success The Digital Marketing Era Have Modified Your Marketing Concept Optimize Voice Search: Top Practices in Digital Marketing 13 Website Mobile Optimization Best Practices How to Become a Front-End Developer Power Up Your Projects: Top 10 Web Dev Tools Top 5 Website Development Company In Dubai E-Commerce Development: Creating an Online Store That Boosts Sales and Loyalty Top 10 Sports Betting Software Development Companies Betting Website Design: 5-Step Guide Top 5 Sports Betting Sites in the USA On page SEO: The Most Important SEO Factors Top 10 Digital Marketing Agency In Delhi India Top 10 Website Designing Company In Delhi How to Develop a Successful iOS Mobile App in 2024? Top 10 E-Commerce Web Development Companies in Delhi What Are the Benefits and Costs of App Development? How to Outsource App Development. What is Hybrid App Development? The Ultimate Guide Which technology is essential for an organization to have in place to effectively use generative ai? Email Marketing: Learn how it helps in your business Growth. How to Create a Sports Betting Website Delve into the list of terminologies used by graphic designers Guide What is Web Portal and Why You Need It |Mrmmbs Vision Thinking of Developing an AR App for Your Business? Use These Popular Creation Tools Top Tech Stacks: Web Developer's Favorite Backend Development Tools Portal Development Solution: A Guide on How to Create a Social Media Portal? How to Create a Website: A Complete Guide to Develop a Betting Website An Explanation: How is AR Extending the Reach of Mobile App Development? Is it the right time to roll out your P2P mobile payment app? Defining De-Fi: The Big Facet of the Blockchain Universe Is Real Estate Industry Without Big Data All About Plain Property Sales? Revolutionize the way you design with these AI-powered design tools ?Ever-Changing Effects of AI Automation in the Field of SEO Top Mobile App Concepts for Startups to Consider in the Next Few Years What are the P2E Games? A Business Model or just a Fuss The Fortune of Cryptocurrency: A Game Changer or a Damp Squib? Does your website have tons of traffic but few conversions? Here's why? The Succeeding Trend of the Digital World: Motion UI The Future of Money: Explore the Cryptocurrency Payment Gateway Explore the Changing Contribution of FinTech in Business Using Drupal for Blogging, Here's How to Start? Make the Journey of Flutter App Development Less Bumpy, Here's How? Best Magento Extensions To Use In 2022 Comprehend the Growing Fascination of the Virtual World: Metaverse Web Development, New Ideas, and Five-Star Reviews Cheat Sheet for Beginners: A Theory Guide to Android App Development Development Cycle: Best Database for React Native App Development Best Hybrid Mobile App Development Frameworks to Work With The Only List of Free WordPress Themes Guide You'll Ever Need Money-Saving Tips: Best Chatbot Apps for your Business A Guide to Embrace Social Media Optimization Game Development: Current Trends in Mobile Game Industry Web Application: Do You Really Need It? This Will Help You Decide Joomla Development: A New Era of Perfect Web Development Solution Explore The Top 7 Best & Easy Website Builders For 2021 E-Learning Made Simple: An Ultimate Guide To Electronic Learning The Most Lucrative and Imminent Technology Trends An Intrinsic Guide to Benefits of WordPress Development Enthralling Benefits of Email Marketing Guide to Hire an SEO Service Provider Importance of UI/UX development A Guide to Artificial Intelligence and Machine Learning Here are the UI and UX Game Trends You Should Focus in 2021 How is the Blockchain Technology transforming the Mobile App Development Business Seven Web Development trends in 2021 Practices to wearable App Development and it's Advantages A Comprehensive Guide to UI UX Design Guide to Accelerated Mobile Pages (AMP) Start-up solutions Online education is the future trend of Digital education Artificial Intelligence and its Importance in technology Experience a game-changing platform of Virtual Reality How to Use WooCommerce for E-commerce Website Design How to Rank a Shopify Website Future of every Travel and Hospitality success Elements of a Block in Blockchain Keeping the gamers engaged using UI Benefits of Real Estate Going Digital, Having Responsive Mobile App How to stand out as Brand Digital Worlds Making Your Website SEO Friendly 5 Ways to Improve your Website Traffic Tips to Generate Traffic from Facebook & Instagram Importance of Brand Awareness and Ways to Do the Same PHP & Its Different Frameworks Graphic Designers in the Era of Digital Marketing Essential Skills Required For Graphic Designers 9 Effective Ways to Speed Up your Website Contact Best Website Designing company and Evolve your Business Need of Best eCommerce Web Designing Company and Why? 8 Google-Friendly Things your Website Should Have! 10 Best Email Marketing Tools to Enhance your Reach Follow these Techniques to get Free Traffic to your Website Follow These Exercises to Make Your Content Look Attractive & Shareable Elevate Your Business with Social Media Advertising IOS App Development Services Portal Development Android Application Development Services Custom Web Development Services Terminologies and terms used in big data Cloud Solutions - Changing the hosting world Social Media Marketing - Effective & Unique Approach WordPress Development Solutions Progressive Web Apps - The Future of Web Applications IoT Preparing towards a Promising Future Era of Digital Marketing Have Modified Idea of Marketing

What are the P2E Games? A Business Model or just a Fuss

What are the P2E Games? A Business Model or just a Fuss

Long gone are the days when gamers were overlooked and crossed out as outcasts, wasting their time playing games instead of doing something productive. There is no secret in saying that the gaming sector has turned into a billion-dollar industry just by being a form of passive hobby. Apart from this, with the sky-rocketing speed of change in tech trends, the gaming industry is now yet again expected to reach a value of $260 billion by 2025.
 

As technology and the internet have progressed, the paradigm of online gaming has witnessed a myriad of trends over the past few years. From first-person shooters to multiple player online battles, the list of game tendencies is constantly changing. With the grooming segment of the gaming industry, it appears that few sectors are completely escaping the craze, but the blockchain and cryptocurrency industries have realized the potential and have started to embrace it. 
 

Being one of the biggest markets representing the cutting edges of technology, the industry wants to deliver a better impact. It has gone further and has launched crypto and NFTs as the stakes, explaining how the play-to-earn model was born and gained speed. The concept was largely made possible through the boom of non-fungible tokens, also known as NFTs.
 

P2E games, also called play-to-earn games, are just like what they sound when you pronounce them. It is a model where cryptocurrency and non-fungible tokens are an integral part of the play, allowing users to earn digital assets through the gameplay. It is a phenomenon and new norm in the crypto market where some games require a standard amount of investment and others are completely free. With this being said, in this article presented by Mrmmbs Vision, the Best Game Development Company in Delhi, let’s learn about some of the most popular play-to-earn games in the industry. 

  • Decentraland 
     

A virtual reality platform, or a virtual world built on the Ethereum blockchain by Ariel Meilich and Esteban Ordano, is another popular game that allows players to buy land and build their own 3D world by developing whatever they want on the platform. The plots of land are commonly used for making games and opening stores for all sorts of companies like Samsung, Sketchers, DKNY, and others. 
 

To get started, the players need to have an Ethereum wallet with its cryptocurrency named MANA. The token can be used to pay for different names, wearables, avatars, and other items available in the marketplace. 

  • The Sandbox 
     

Built as an Ethereum-based open-world game, the Sandbox is one of the best play-to-earn games made for creative people. It lets users build, craft, and survive in the metaverse by combining their strategies and survival skills. Just like in Decentraland, in the Sandbox, there are two different tokens: land and sand. The Land tokens are NFTs symbolizing land ownership and design of the unique locations the users want. On the other hand, sand tokens are used for value transfer, governance, etc. Available as a cell phone app and also for PC, iPad, and MAC, the game Sandbox encourages players to actively participate, buy and sell NFTs, and reach the highest level of the game. 

  • Axie Infinity 
     

Inspired by the concept of some of the most popular games like Pokemon and Tamagotchi, Axie Infinity is undoubtedly one of the most popular trade-and-battle play-to-earn games where users can collect, breed, raise, and battle against other online users. Created by a Vietnamese firm Sky Mavis the game supports Ethereum-based cryptocurrency or SPLs. 
 

To get started and play an action-packed game, the users are supposed to amass the creatures and pit them against each other in the warfare of the gameplay. Doing so will help users complete the task and fight the warfare monsters, leading to being rewarded with crypto tokens. With the rewards, the axies are yours, and you have the whole ownership of them. You are liable to resell them to earn value incentives. 

  • Star Atlas
     

An Astronomy based play-to-earn game made in rich metaverse that lets the users explore the space, and trade NFTs of planets, stars, and other items making them all different from one another. To understand the game and get started, the game includes three primary groups: an alliance of extraterrestrial species, robots, and humans vying for resources. 
 

For the end results of the game, if you lose the combat, your NFT spacecraft will be permanently destroyed, and if you win the combat, you will be rewarded more generously. The game includes two tokens: Atlas and Polis. The token Atlas is used as a utility token, and the polis is used as a governance token. 

  • Sorare 
     

For the love of football, Sorare is a different type of metaverse game from all the above-mentioned earn-to-play games as it is focused on football fantasy. In the game, anyone can make a free account by entering their email address and can buy, collect, and trade digital cards via credit or debit cards and bank transfers. 
 

To get started, you need to register, log in, and create a team based on your favorite players and get rewarded based on their performance in the gameplay. 
 

Conclusion 
 

Due to the expanding universe of the metaverse, there is no denial of the fact that these earn-to-play games are turning into a viable business model. It is easier to predict the significant attention it will be receiving in the coming years and how users will monetize the time being spent playing the games. Apart from the above-mentioned earn-to-play games, in a world where everything is becoming more and more digital, there are some of the top NFT games that are already in production with the help of developers and services. 
 

If you are someone with an idea looking to build a promising gameplay experience and features for e-gaming and NFT fans, feel free to contact us. Being the Best NFT Marketplace Development Company in India, we offer several services related to NFT marketplace development, NFT for games development, and other related solutions. 

 

Posted By: Mrmmbs Vision

Delhi Office :
Building No.24, Second Floor, MBR Enclave, Opp. Rama Krishna Apartment, Sector-23, Dwarka, New Delhi, Delhi 110077

UK Office :
Mrmmbs Vision-150 Red Lion Road, Surbiton, Surrey, KT6 7QX London, United Kingdom

Copyright © 2024 Mrmmbs Vision. ALL Rights Reserved.
Top Rated Web Design & Development Company

Payment Options