What to Know about the Play-to-Earn Games Economy

In creating play-to-earn games within a dynamic and profitable economy, developers cannot afford to only focus on profits. Of course, the game players want to get more rewards. Still, they also understand that that depends mainly on their activity within the game. Meanwhile, the first lesson to learn is how the NFT gaming technology works and who holds the stakes.

The play-to-earn game’s technology is based on shared ownership or partnership between the players and the developers. That is, the players are eligible to own and hold valuable assets within the play to earn games economy and be able to trade them legally. Another implication is that it brings more players into the game environment and creates a demand for the collectibles. 

The Developers Focus on creating Play-to-earn games

As the play-to-earn games grow in popularity and register more new active players, the NFT collections also grow. And when that happens, the profits the developers also make increase. However, before the game’s full launch, the developers must have invested some cost for design and launch. So, repayment of such fees is the minimum target that every developer expects.

The developers’ primary focus is to recover the invested cost into the game. And every time a player makes any transaction on the game, the developer makes some money. Therefore, you will find developers creating multiple avenues for exchanges and trading within the competition among the players. For example, the developer can make up to a 5% royalty fee each time a skin NFT is sold on the game. 

While the trading is exciting for the developer due to profit-making, he must also ensure trades are safe and secure. The developer makes some money when a player sells any NFT token to another player. And that profit is not just a few times but continues indefinitely for every trading. 

Developers’ actions on play-to-earn games

According to the analogy above, every developer must seek a way to set a profitable fee within the game for trade cuts. On the other hand, they should encourage more players to carry out these transactions and trade their assets. In some games, new players will have to buy the initial assets required to enter the competition from existing players. 

A similar principle applies to every typical game on the blockchain network. But a good question will be what happens to the games on the existing cryptocurrency network? How can the developers make money? The earning approach works smoothly when the developer uses the native cryptocurrency approach. 

But it will take a different method to get more deals when it comes to using the existing cryptocurrency approach. One recommended way to make it happen is to display adverts to players within the game environment. At this point, the developer focuses on keeping the players engaged with the game for as long as possible. The more time the players spend within the game environment, the more the chances of the developers getting revenue. 

What to Know about the Play-to-Earn Games Economy

Why are Play-to-Earn Games so popular?

The emergence of play-to-earn games has brought about an undeniable shift in the gaming experience and profit-making enterprise. These changes are evident in the developers’ effort to create stunning games and the players’ perceptions. Players will gradually begin to realize the potential value of their endeavors and measure their enjoyment by the reward value. 

However, the developers should note that players can sense when the gaming economy is becoming greedy. At the same time, communication is essential to their belief in the system, and a one-way direction will not suffice. Meanwhile, the players also want to own assets that give them a stakeholder’s feeling. 

The players usually want to be involved in the game economy by owning digital assets. In addition, they contribute their quota to ensure the assets’ value increases. On the other hand, not all the players are concerned about the robustness of the game. Instead, they prefer to focus on making money and more money from their playtime. 

Play-to-earn games in Developing Countries

When it comes to managing the game economy, we can also compare the economies of developing countries with developed countries. We can achieve that by focusing on the developing countries where many …

Top 7 Recommended Play-to-Earn Games in 2022

For several years, it was hardly possible to think of a world of video games with real prizes. However, today, earning an income is not only a reality but has become a significant source of income for some players. While traditional video games are limited to payment for game creators and developers, the play-to-earn game has redefined the game space. 

Play-to-earn gaming enables the developer to create a profit-generating system of investment. Monetizing the play to earn gaming gives a reward back to the players who spend much of their time within the game. After completing a task or winning a conquest, they can now buy, sell, and trade in-game assets, the NFTs. There is more with play-to-earn games.

This article discusses the top seven play-to-earn games in 2022 with different game settings and blockchain platforms

Top 7 Recommended Play-to-Earn Games in 2022
  1. Axie Infinity

Among the cryptocurrency games, the Axie Infinity is the number one game on the play-to-earn model. This game is based on the regular Pokémon game, where the players can raise axies, battle them with other players, and trade fantasy creatures. These creatures are called Axies, and players can easily pitch some players against another in the game. 

Furthermore, Axie Infinity is a game that allows players to exchange valuable tokens in the form of NFTs. The in-game currencies in Axie Infinity include the Small Love Potions (SLP) and the AXR. Players within the marketplace can sell, buy or trade the axies which are valuable NFT. Some of the activities that the players undertake are daily tasks and battles or projects.

  1. Mines of Dalarna

The Mines of Dalarna was launched on Binance as an action/adventure game on a unique blockchain network for real estate. It contains two major cooperating factions, such as the miners and the landowners. Meanwhile, the gameplay involves the miners combating the monsters and attempting to destroy the existing blocks in search of precious resources. On the other hand, the landowners are the ones to provide the land and the resources to explore. 

Apart from individual battles, game players can also form a team to combat monsters or complete quests. When any activities are successful, the players earn in-game rewards. This game also has assets available for purchase on the Binance NFT marketplace. The in-game currency for Mines of Dalarna is known as DAR. This DAR is used in all transactions, growth in skills, and even to pay transaction fees and governance. 

Top 7 Recommended Play-to-Earn Games in 2022
  1. My Neighbour Alice

One of the uniqueness of the My Neighbour Alice is that it is a multiplayer game that encourages players to build a virtual world. The game allows the players to explore the best features of both worlds. Overall, it provides an environment where the players who play the game regularly help the game’s ecosystem within it, and NFT trading and collection can take place.

At the same time, the players can acquire their virtual plots of land as NFT tokens from the Alice platform or the marketplace. The scarcer the land is, the higher the value it can bring to the market, and it can also fall by demand and supply. As an excellent landowner, the player can unlock some extra benefits as the game grows in reputation. 

Game players can also buy or use these in-game assets such as veggies, houses, animals, and decorations to create the best avatar. In this game, the primary token is the Alice, and a new player can buy an Alice from the Binance marketplace. These Alice tokens are what the players earn and can trade during any transaction with another player

  1. Mobox

Mobox stands tall among play-to-earn games in that it effectively combines the features of NFT games with Defi yield farming. Therefore, the game is across the platform of GameFi Metaverse, where the players can acquire in-game NFTs known as MOMOs. These NFTs exist on the Binance NFT secondary market and can increase in value, making the players’ time worthwhile.

Players can acquire these in-game assets, farm, battle, and generate these crypto rewards of MOMO NFTs. In addition, the players can trade the MOMOs or stake them in the game to reap the MBOX tokens. They can also use these tokens as collateral for more …