Play-to-Earn Games and their Business Model

Play-to-Earn Games and their Business Model

The latest innovation in the gaming industry is the development of play-to-earn games, a platform for earning huge profits from game playing. This P2E model allows an open economy where the game players can make real-world value in the form of cryptocurrency. In an open economy, players are not just mere users; they are more like investors who can get returns as stakeholders in the business.

This new business model has a gaming technology for video games that have also evolved to support best play to earn games. Earlier games years ago focused more on arcades and machines in game centers. Gamers need to get some quarters with which they can compete with others. Years passed, and we entered the era of video games with different features to appeal to the younger generation. 

Related: Play-to-Earn Games to Watch in 2022

The next trend was the days of using smartphones that make it possible to play games on the go. People can now get busy with games even when in transit or taking a short moment for themselves. Similarly, we continue to crave a more profound experience on a personal computer or setting up a home console. Keep going, and you can arrive at the present model. 

Play-to-Earn Games and their Business Model

The foundation is the Free-to-Play model

Every game has one form of purchase or the other where the player needs to acquire a premium game. The method is first by getting a license from a digital store online or buying the game from a local physical store. Meanwhile, the financial commitment is at the discretion of the game developer. It depends on the time of the release of the game. At times, it may also depend on the developing company’s stature and the industry’s size.

No doubt, the free-to-play gaming model has come with many benefits that allow the game player the platform for the financial commitment. On the one hand, there are free-to-play or freemium versions of the games that anyone can freely download. They also give the players a limited avenue for such experience. And if they want to increase the pace of the progress or use special features, they may have to pay for the premium game versions. 

Players may sometimes have to subscribe to unique game features such as characters and cosmetics. However, many play to earn games still have free features available to new players. When it comes to cosmetics such as game skins and themes, players can use them to customize their gaming environment. The biggest and most popular games in this category are the League of Legends and Hearthstone, which are freely available.

However, it doesn’t remove the developer’s initiative to be creative with the content and cosmetics. Some of these games have also raked in several billions of dollars and keep increasing in value. As a result, this gaming model has evolved dramatically, and the remaining part is adding monetization to it. 

Play-to-Earn Games and their Business Model

What about the Play-to-Earn Gaming Model?

The play-to-earn games provide players with stakes of game ownership in the form of different assets. Moreover, they can increase the value of the in-game assets by engaging with the game consistently. The play-to-earn games also have some key components that are unique to them. Game playing has a growing momentum that allows the players to build a robust economy.

As a result, the players and the developers can gain much more than the initial investment. Some of the rewards of participating in the game involve completing regular tasks, winning battles, and combats. Some of the winning strategies may imbibe some free-to-play game features. In comparison, play-to-earn counterpart games offer players the opportunity to earn money and other valuable digital assets. 

The winnable digital assets range from cryptocurrencies to other tokenized resources. Moreover, the play-to-earn games model has been synchronized with the crypto world for the best results. Every player’s effort and time in this gaming model is rewarded with these cryptocurrencies. For example, if you choose to play the Axie Infinity, you can earn the Small Love Potions (SLPs).

These peculiar tokens are required to breed Axies, make them more robust, and get more in-game value. In addition, they can also sell these tokens to other intending players who have just been introduced to this game place. Other examples of such games based on the P2E models are League of Kingdoms, and Sorare, a fantasy football game. 

Play-to-Earn Games and their Business Model

Invest and Get more value

Enjoying the play-to-earn games depends on the players’ participation and the ability to increase the value of the game. At a glance, one would expect that many of the games on this model should also be free to play. But, that is not always the case. For instance, to begin to play Axie Infinity, a new player must first buy three Axies before they can start to contest in the Lunacia. By the way, the Lunacia is the virtual world of the Axie Infinity environment. 

As for the Sorare fantasy football game, it requires the players also to invest some money to start the game. The first investment is buying the player cards and then participating in competitions. At the end of every week, the players can earn more cards from the weekly contests. On the other hand, playing the League of Kingdoms and Chainz Arena is entirely free. But idle gameplay mechanics and other limitations may force gamers to consider an investment. 

On the developer’s part, creating a new game costs some money and should be a profitable business. Developers can start a business model that has value and can grow. Suppose the game player needs to invest to acquire some in-game items. In that case, it can be seen as a mere investment with the expectation of valuable rewards. Gamers can start digital assets that they can resell at any time. Like Sorare, playing cards are sellable; axies in Axie Infinity can also be sold. 

Conclusion 

In conclusion, all items that a player acquires from play-to-earn games have the potential to increase. These items have an exsiting value, but such value can also increase as the player completes more tasks and wins more battles. Consequently, all parties within the game are stakeholders and can continue to earn for the game’s growth. 

Play-to-Earn Games to Watch in 2022

Play-to-Earn Games to Watch in 2022

When it comes to the trend we are seeing today, play-to-earn games show a captivating set of fun to try. In the new summer, blockchain technology keeps changing the entertainment world altogether. As we have the alpha and beta versions of these games within the new economy, we can believe there are still more coming. But then, we also need to summarize what the offer is like, especially for would-be NFT gamers. 

Focussing on July, what do these play to earn games have to offer to gamers? At times, you may not have to do the playing yourself. You can even invest and earn more returns. Whereas, in other cases, you may do the playing by yourself. Meanwhile, blockchain gaming has been nothing short of amazing this time as we have seen so many alpha and beta versions launched this year alone. And that is quite a positive impression. 

Moreover, the quality of these releases indicates that there is more to enjoy with play-to-earn games. In addition, we can already see the improvements in the graphics, professional interfaces, and skin design, and it’s not difficult to figure out. Moreover, we are beginning to see fascinating investing results in play-to-earn or blockchain games.

Without wasting time, let us begin to see some of these leading play-to-earn games for 2022. 

Life Beyond Open Alpha

One of the stunning NFT games to consider for this period is Life Beyond, which has launched an open alpha version. Fantastic prizes are available to anyone who dares to participate in clearing the Dolos you have in a hostile wildlife scenario. The reward points for players who win include raffle tickets into a prize pool of the $DOL token. This alpha version also has the PvE-only feature and allows players to run solo missions or team up in squads of twos and fours.

Suppose a player wishes to earn a raffle ticket. In that case, such a player must collect a minimum of 500 Reward points during each content pack. The division is such that a player can earn 10 points from a solo mission, 20 points from a duo expedition, and 50 points from a squad mission. At the same time, players with the apartment key or the Dolos passport NFT can access this game immediately. Meanwhile, the grand alpha opening of Life beyond to the general public was held on the 6th of July. 

Farsite’s new Alpha release

The next alpha release worth mentioning is the Farsite, which has already started. The alpha version for July has some significant additions for more pleasant player enjoyment. Now, players can fly out ships into space on a mission to search for useful and valuable resources such as asteroids and comets. When in flight and with the right skill, they can rake in these resources and optimize them for profits in the market. 

But for anyone who has tried out this game before, you would wonder if there are particular cases one can subject these resources to. To answer that question, the game will be relaunching an alpha update soon, which will have the construction of components feature, including full-size ships.

Play-to-Earn Games to Watch in 2022

Undead Blocks Tournament

The uniqueness of the Undead Blocks Tournament has a play-to-earn game where players play for survival within a zombie apocalypse context. Moreover, this game set is in an official tournament titled the Pistol Speedrun. It was held between July 8 and 10 and invited players with a Genesis or Apocalypse NFT already. The whole competition aims to measure the rate at which the player can kill zombies using only a pistol before they finally catch up with him. 

It measures the fastest player to kill 100 zombies with a pistol while targeting a prize pool of $20,000 worth of Undead blocks. This game also has other fantastic add-on benefits for participants, with a $1000 value for the top player. Meanwhile, the test run had started about four days before the actual tournament, which allowed interested players to practice well before D-day. 

Mytheria Open Beta

The alpha version of Mytheria had its unique features, but it is nothing compared with the Mytheria Open Beta version. This hosted NFT game is about duels among the gods while the winner earns a collectible card. It starts as a free-to-play game where players who make the game cards can now use them to build fanciful decks. 

Moreover, the play-to-earn gaming events throughout July will need the interested players to have at least 10 NFTs so s to access their rewards. But then, some of the cheapest cards are available for little below a dollar. While the player is moving game cards around, some measured statistics include the mana cost, attack, and health. The god card a player has is upgradeable to feature new abilities. 

Play-to-Earn Games to Watch in 2022

Colonize Mars’s New Economy

The Colonize Mars New Economy game is about colonizing the planet Mars and creating a new real economy from it. It is based on the theory of demand and supply for the limited resources in the game. These resources help build a new colony and research new and similar projects. 

The rest are simply the essential items for existence, such as water, food, and oxygen. The role of the players is to create new strategies and plans so that the staked NFT can become valuable in the end, other than just throwing them around haphazardly. Furthermore, the Colonize Mars mini-game allows the players to drive a range rover across the Martian landscape in search of valuable resources. 

Conclusion

At the end of this article, there are more options to look out for when trying out any of these play-to-earn games. Some other options include Gods Unchained offers daily earnings, and the R-Planet had to release their conquest game. Another one is the Sandbox starting with the mass migration upon the Polygon blockchain technology. Moreover, you can trust us to provide you with the best and latest information on play-to-earn games. 

More resources:
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Play to earn gaming are changing the economy
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