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What are Play to Earn Games?

Earn While You Play: The Rise of Play to Earn Games. Dive into the world where gaming meets earning, and discover how blockchain technology is transforming the gaming industry. Start your journey at Kauri Academy.
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Written by Keti Tevzadze
6 min min
02 May 2024
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Blockchain technology has significantly transformed many aspects of our world, including the financial and entertainment sectors. Its impact has been particularly noticeable in the gaming industry, where the emergence of the play-to-earn (P2E) model has opened up new horizons for players and developers.

Games with the play-to-earn model offer a unique opportunity not only to enjoy the gameplay, but also to earn real money or digital assets for achievements in the game. This is made possible by integrating cryptocurrencies, NFT and elements of decentralized finance (DeFi) into gaming platforms.

What are Play to Earn games?

Play to Earn games are video games in which players earn real rewards for achievements within the game world. These rewards can be in the form of cryptocurrencies, NFTs or other digital assets that have value both inside and outside the game ecosystem. Based on the principles of blockchain technology, play-to-earn games provide transparency, security and the ability for players to own digital assets.

The play-to-earn model began to gain popularity in recent years as interest in cryptocurrencies and blockchain became widespread. It is radically different from traditional gaming models such as pay-to-play and free-to-play, offering players not just entertainment but also the opportunity to earn money from their hobby.The first play-to-earn projects appeared several years ago, but the real explosion in popularity occurred with the growing interest in NFT and DeFi.

Games like Axie Infinity, Decentraland and The Sandbox have demonstrated that games can be not only a source of entertainment, but also a means of earning and investing.

The historical context of play-to-earn development shows how innovations in blockchain and cryptocurrencies can transform existing industries, providing users with new opportunities and creating entire economic systems around game worlds. This is not only a new way for developers to monetize, but also a unique chance for players to become part of the global blockchain economy.

How do Play to Earn games work?

Play to Earn (P2E) games are powered by blockchain technology, giving players the opportunity to earn real money or digital assets for participating in gameplay. These games use cryptocurrencies and NFTs to reward players, turning game achievements and ownership of game assets into economically meaningful actions.

Mechanism of Play to Earn games

In Play to Earn games, players earn money by completing various tasks, engaging in battles, strategy games, or other activities within the game world. Rewards can be expressed as in-game cryptocurrency, which can then be exchanged for real money, or as NFTs, which are unique in-game assets (e.g., items, characters, land, etc.) that have value both within the game and in external markets.

Examples of the use of NFTs and cryptocurrencies include

  • Axie Infinity: Players breed, collect, and battle creatures called Axies, which are represented as NFTs. Winning battles and completing quests allows you to earn cryptocurrency that can be used within the game or exchanged for other currencies.

  • Decentraland: A virtual world where users can buy, sell, and develop land and real estate, represented as NFTs. Participants can earn for participating in various activities and interacting with content.

  • The Sandbox: A platform for creating, sharing, and monetizing game content and virtual worlds. Players use NFT to represent land, items and characters, and can earn in-game currency by creating and selling their content.

These games use smart contracts on the blockchain to guarantee transparency and security of transactions, and to secure ownership of NFTs and cryptocurrencies. In this way, Play to Earn games open up new opportunities for players to be rewarded for their efforts and creativity, while giving them full control over their game assets.

Benefits of Play to Earn games

Play to Earn games offer players a unique opportunity to not only enjoy gameplay, but also earn real money by owning and trading digital assets. These games radically change the traditional view of video games, transforming them from a purely recreational activity into a potential source of income and investment.

Player Benefits:

  • Ability to earn real money: The central benefit of Play to Earn games is that players can earn cryptocurrency or NFTs, which can then be sold or exchanged for real money. This opens up new economic opportunities for players around the world.
  • Full Ownership of Digital Assets: Unlike traditional video games where all items and characters remain owned by the developers, Play to Earn games utilize NFT to represent game assets, ensuring players have full ownership and control over their digital assets.
  • Trading opportunities: Players can freely buy, sell and trade their digital assets in specialized markets, adding a layer of strategy and earning opportunities to gameplay.
  • Participating in strong communities: Play to Earn games are often supported by active and engaged communities where players can share experiences, strategies, and even collaborate to achieve common goals.
  • Developing new economic opportunities: Many people use Play to Earn games to supplement their income and create new income streams, which is especially relevant in regions with limited economic opportunities.
  • Enjoyment: Besides the financial benefits, Play to Earn games offer a unique and immersive gaming experience that is different from traditional video games.

How to start playing and earning?

For those who are interested in Play to Earn games and want to start earning, there are a few important steps to follow to increase your chances of success and optimize your income potential. Here is your step-by-step guide:

1. Game selection

Start simple:

  • Explore the available games: There are many Play to Earn games on the market, each offering unique mechanics, rewards, and communities. Choose a game that interests you and matches your preferences.
  • Familiarize yourself with the rules and mechanics of the game: Before you start playing, it is important to understand how the game works, what strategies are most effective, and what the participation requirements are.

2. Crypto wallet setup

Play to Earn games require a reliable crypto wallet to store your digital assets and cryptocurrencies. We recommend choosing Kauri Web3 Wallet, which supports a wide range of blockchains on which your games run.

By creating a Kauri Web3 Wallet, you not only securely store your assets, but also gain the flexibility to manage them by taking advantage of decentralized technologies.

3. Getting Started

It's time to get to the most important part:

  • Follow the instructions for new players: Most games offer guides or tutorial missions for new players. Take advantage of these resources to better understand the gameplay.
  • Participate in the community: Join forums, chat rooms, and social networks dedicated to your game. This will help you learn new strategies and tips, as well as meet other players.

Tips on how to participate effectively and maximize your earnings:

  • Stay up to date with game updates: Games are updated frequently, adding new features, items, and earning opportunities. Stay up to date to take full advantage.
  • Optimize your strategies: Analyze which actions generate the most revenue and focus on them. Experiment with different approaches to find the most effective ones.
  • Be patient: Making money in Play to Earn games can take time and effort. Be patient and keep developing your skills and strategies.

The "Play to Earn" model is becoming increasingly popular, offering players not only an exciting gameplay, but also the opportunity to generate real income. Let's take a closer look at a few of the brightest representatives of this category:

  • Axie Infinity: This game combines elements of Pokémon and Tamagotchi, allowing players to collect, breed, and battle Axies, cute creatures that are each uniquely NFT. Players can earn in-game tokens by participating in battles and completing quests, which can then be exchanged for real money.
  • Aavegotchi: This is a unique combination of NFT collection and virtual pets, where each Aavegotchi is stored as an NFT on the blockchain. Players can trade and customize their Aavegotchis, ensuring they are unique among other projects.
  • Decentraland: A virtual reality experience where users can explore, create, and monetize their digital experiences. Here you can purchase plots of virtual land, create unique objects on them, and even host events.
  • Gala Games:Provides a number of games in its game ecosystem where players can earn rewards by playing, completing challenges, and creating game assets.
  • The Sandbox: A meta-universe where players can create, share, and monetize their interactive experiences. The platform acts as a digital canvas where users can design and build their own unique game worlds and characters.
  • Star Atlas: A vast multiplayer online game unfolding in a blockchain-based virtual universe. Players can explore space, participate in space battles, mine resources, trade assets and form alliances.

These games range in genre from virtual worlds and strategies to life simulators and arcades, creating unique economic systems where players' success and efforts are rewarded with valuable digital assets and real money.

Kauri Finance in the Play to Earn ecosystem

Kauri Finance represents significant support for players and developers in the Play to Earn world, offering convenient tools to effectively participate in the ecosystem of these games. With Kauri Finance, players have access to a multitude of opportunities including:

  • Simplified access to Play to Earn games: Kauri Finance offers a simple and straightforward platform to buy, store and exchange the cryptocurrencies and NFTs needed to participate in Play to Earn games.
  • Secure Digital Asset Storage: With Kauri's non-custodial wallet, users can securely manage their cryptocurrencies and NFTs with full control over their keys and assets.
  • Developer Support:Kauri Finance offers tools and APIs to integrate "Play to Earn" games with the blockchain, making it easy for developers to create and monetize their game projects.
  • Exchange service and payment cards: Users can easily convert their in-game earned tokens into fiat currencies or vice versa, and use special cards for real-world payments.

Play to Earn games represent a revolution in the gaming industry, offering not only a new way of entertainment but also an opportunity to earn money. This model opens the door for players to a world where hard work and skills can be rewarded with real money. Kauri Finance plays a key role in this ecosystem, ensuring accessibility, security and usability for all participants. Join the Kauri Finance ecosystem and start your journey to a world where gaming leads to real earnings.

About the author
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Keti Tevzadze
Content Creator and Social Media Manager
Keti is a social media manager with over 3 years of experience in digital marketing, content strategy, and community management in the blockchain industry. Keti has partnered with companies ranging from small start-ups to large corporations, helping them reach their target audience by creating engaging content for all major social media platforms. She is passionate about fintech and believes in the power of decentralized web3 solutions that can drive positive change worldwide.
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