The cryptocurrency tab covers many areas, but undoubtedly one of the most important is the gaming domain. Many game developers have integrated their games with cryptocurrencies and NFT. Many game items can now be owned in NFT format, but there is also a game model called Play to earn, which goes a step further and allows you to monetize by playing.
Play to earn games
These games, also known as P2E for short, are actually games in which Ramzar and NFT are an integral part of their gameplay. In this type of game, the user often buys items and equipment in the game, such as characters, weapons, and anything else you can think of, instead of buying the game itself!
You may think this is nothing new, and many Games use a similar model, especially games called Free to Play (F2P). These games are free and allow you to earn items by playing them, but you usually have to either buy them or wait a long time to get them.
However, What P2E games do What sets it apart from F2P games is that in P2E games you can trade your assets with other gamers. In fact, most of the assets in these games can be stored in NFT format or can be converted to NFT.
To better understand these games, refer to Axie Infinity as one of the most popular games. We will take a brief look at P2E. The idea behind this game is simple: players control small fantasy creatures called Axie and go to other players' Oxy Wars with their axes. This game is somewhat reminiscent of Pokmon, but a huge investment has been made in it.
Players can Choose your desired axes from the ready-made characters available in the in-game store or cultivate your own axes. Oxy breeding is associated with AXS or another game code and quin called small love potion or SLP. AXS and SLP can be obtained by playing (fighting other players, participating in tournaments, etc.) or buying them from the game store.
With these interpretations, What makes Oxy Infinity an attractive and popular game? It turns out that you not only spend money on this game, but also earn money from it. If you grow rare axes, you can sell them in the market or put your extra resources up for sale. But in F2P games, all the money in circulation goes to the game developer. Therefore, the advantage of P2E games over F2P is that in Play to earn games, part of the money goes to the players and even these games have become a source of income for some people.
Play to earn business model
Although in the previous section we mentioned the return of some money to players and the possibility of earning money from P2E games, the money that reaches players is not as much as you think. In an environment where everything is monetary, the people who control that environment have found ways to adjust everything so that they always have the priority of making money themselves. If not, they will have no business left.
As a result, everything is priceless at Oxy Infinity. Buying an Oxy, SLP and AXS will cost you a few ethers (codes accepted in this game). Many resources can be gained in the game, but they are often limited in time and What you gain is lost after the timer expires; Unless you're paying for it.
On paper, you can look at this game as a small investment in which you buy starter stocks and then work hard to get enough AXS and SLP. Get it so you can buy new creatures and progress. But P2E games use the psychological tricks used in F2P games to persuade you to buy more in the game.
For example, there is a wide variety of axes, each with its own characteristics and always They tempt you to have more than that. If you have experienced such games, you will surely understand What we mean. Any player who pours more money into the game will have more feature axes.
As a result, players who pay will easily eliminate players who Play for free. Therefore, players who Play for free are either excluded from the game, or forced to pay to stay in the game. It is difficult to get out of this cycle and can be the start of an addiction. There are others, such as Gods Unchained or Illuvium, that use a similar tactic in a different format. Technically, Gods Unchained, a card-based fighting game similar to Magic: The Gathering, is an F2P game. Your cards are items that you can keep for yourself, but you must convert them to tradable NFT to perform a specific action. Until now, cards are just in-game assets and have no other value. You need to spend money to get good cards to speed up the process.
Illuvium is another fantasy game in which monsters fight each other. The game openly announces that it hosts bets between ongoing games between users and, of course, allows users to trade their fighters with others.
Do you really own in-game assets? Are you? It motivates us. The
idea is that you Play or pay for it and take possession of
assets such as axes, cards and anything else the game offers. These
assets are actually NFTs and you own them, not the game developer.
Gods Unchained has given a lot of maneuvering on this issue on its
However, the reality is that the issue is not that simple. The big problem with NFT is that if your servers record logs are distributed, your NFT will disappear. It should be noted that this has just happened.
For example, F1 Delta Time was a racing car game that token all its assets. The game has just gone bankrupt and all of its assets that were multiplied in NFT format have now completely lost their value. It gets upsetting when you know that some users have spent the equivalent of a house to buy the game's cars, and now all those investments have been wasted.
Also, other common risks such as stealing There is also property. For example, it was reported in the news that $ 600 million had been stolen from Oxyinfiti in March this year due to a security flaw. Given how much wealth is stored in online accounts, these games can become a tempting target for criminals.
So, the answer to the question of whether you own your in-game assets is yes. Is. You own the axes or cards or any other item the game offers, but only as long as the servers are secure. In fact, when you Play P2E games, you are not only betting on the revenue you get from the tournament, you are also betting on the success of the developer company, and you can not look at the success of these companies with confidence.
To all of the above, we suggest that, like any other field that integrates with cryptocurrencies, in the field of P2E games, before entering and investing, increase your knowledge in this field.
- Play with Digital currency; The future of gaming or a clever scam?
Source: How to Geek