Blockchain Based P2E (Play to Earn) Games
With the development of the gaming industry in the world and the widespread use of blockchain technology, game developers have started to integrate into blockchain technology. By using the blockchain infrastructure, it is aimed to provide users with a rich gaming experience and to benefit from blockchain technologies. In this article, you can find the answer to the question of what is a blockchain game.
What is a Blockchain Based Game?
In blockchain-based games, the assets that users create and earn in the game are stored in the blockchain. This way, players own the assets they earn. With the feature that the blocks in the blockchain are unchangeable, there is no situation such as deleting the data of the players. It is possible for users to move their assets between blockchain-based games. The blockchain facilitates asset transfers between players and stores the values earned by players in blocks. In blockchain-based games, the possibility of cheating is low as the transactions are auditable on the blockchain. At the same time, blockchain-based games offer players the opportunity to earn income by using the P2E business model.
Blockchain Games: Why Play-to-Earn is the Future of the Gaming …
How Did Blockchain-Based Games Emerge?
The first blockchain-based games were created on the Bitcoin blockchain. Over time, the use of Ethereum blockchain has become more widespread with its speed, cost, and smart contract feature. Blockchain-based games have emerged to enrich the gaming experience of users by using blockchain infrastructure and to create an income model for players. Thus, it is aimed to increase the time users spend in the game. With these developments, video games have integrated into blockchain technology and started to utilize the financial power of cryptocurrencies.
Blockchain Based Game Projects
The Sandbox (SAND)
The Sandbox is a blockchain-based virtual world gaming platform. It offers players the opportunity to create a virtual life experience, produce in-game products and earn income from these products in the virtual reality-supported game world called Metaverse.
Enjin (ENJ)
Enjin is one of the popular projects bringing blockchain to the gaming industry. The Enjin network is an interconnected ecosystem of blockchain-based gaming products. Enjin is a social gaming platform that provides users with websites, in-game products and virtual stores where they can trade these products. Through the Enjin platform, software developers can digitize their game products on the Ethereum blockchain. Digital goods produced on the platform can be traded through the platform’s digital asset, the ERC20-based Enjin Coin (ENJ).
Axie Infinity (AXS)
Axie Infinity, one of the projects where blockchain is used in the gaming industry, is a blockchain-based battle game. Players can adopt Pokemon-like digital creatures (Axies) and raise, trade, and battle them against their opponents. Axie Infinity is a blockchain-based game using the Ethereum blockchain. The main digital asset of its platform, AXS, is an ERC20 smart contract built on the Ethereum blockchain. Axies, one of the cornerstones of the game, are created as the preferred ERC721 smart contract for blockchain-based games and NTFs.
What is P2E? Blockchain Based P2E Games
With the development of the gaming industry in the world and the widespread use of blockchain technology, game developers have started to integrate blockchain technology. By using the blockchain infrastructure, it is aimed to provide users with a rich gaming experience and to benefit from blockchain technologies. In blockchain-based games, the assets that users create and earn in the game are stored in the blockchain. Thus, players own the assets they earn. With the feature that the blocks in the blockchain are unchangeable, there is no situation such as deleting the data of the players. It is possible for users to move their assets between blockchain-based games. Blockchain technology facilitates asset transfers between players and records the values earned by players in blocks. In blockchain-based games, the possibility of cheating is low because the transactions that take place are auditable on the blockchain. At the same time, blockchain-based games offer players the opportunity to earn income by using the P2E business model.
P2E is an abbreviation of the English term “play to earn“. In desktop or mobile games, players earn rewards such as points, coins and virtual money as a result of the tasks they perform. With the emergence of P2E games, these virtual rewards can be converted into real money. This business model has enabled users to earn additional income by playing games. In this article, you can find the answer to the question of what P2E is.
What is a P2E (Play to Earn) Game?
Play to earn works on a system of earning as you play. Players can both have fun and create an income model through the hobby activity of playing games. By playing games regularly, users can earn tokens that can generate income. Project developers also create a marketing method by publishing their games in accordance with this business model. Although the play to earn business model has been around for a long time, it has started to be applied more and more with the increasing use of blockchain technology and the widespread use of cryptocurrencies.
How Do P2E Games Work?
Players can be rewarded with the P2E business model according to the time they spend in the game. Users can earn in-game cryptocurrencies by completing tasks set in the game. There are also NFTs within P2E games. These NFTs consist of in-game characters or in-game materials such as cards. Players can earn income by earning these NFTs.
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