How Play-to-Earn Gaming Gives Money to Players
Play-to-earn or P2E for short has quickly become a buzzword in 2021. Now more than ever, people are into P2E gaming.
Triggered by the exponential popularity of Axie Infinity, the global gaming industry has seen a drastic evolution from the traditional “play-to-win” recreational gaming into a more financially rewarding “play-to-earn” gaming.
But what do we really mean with play-to-earn? Well, as the term implies, “play-to-earn” means that gamers play a fun digital game and earn rewards in a form of cryptocurrency (also known as in-game assets or virtual assets) which can be converted into real-world cash. These in-game assets can be traded, sold and bought in the digital space.
Play-to-earn gaming gives people an incredible opportunity to monetize their time and skills by playing online. However, it’s worth noting that P2E gaming does NOT come for free. It’s practically an investment. You pay an entrance fee to get an access to play the game and in turn, you earn rewards as you play along. For some players who do not have the money to pay the upfront costs, they turn to scholarship programs that are offered by individuals or by established gaming guilds.
For instance, MetaGaming Guild (MGG) is one example of a gaming community that offers opportunities for ordinary people to play-to-earn. Here’s how they do it: MetaGaming Guild buys gaming assets from various gaming startups and rents them out to a community of players through the scholarship program. With this, MGG scholars (the term used for “gamers”) can access P2E games without upfront costs, access early-stage game tokens like VCs, and deploy their NFTs to automated yield.
MetaGaming Guild is on a mission to reinvent P2E gaming by offering opportunities beyond scholarships. Moreover, MGG provides ample training and development, generous incentives, gaming recognition and fair splits of 50–50 profit-sharing among its scholars. To date, MGG now has over 1,000+ active scholars and is targeting to on-board 10,000 scholars in 2022. In case you want to be part of their gaming community, read this: MetaGaming Guild Scholarship Program: How To Be Our Scholar.
Since the project was launched in September 2021, MGG continues to reach impressive figures:
📈50%+ MoM growth
📈1,000+ active scholars
📈3,900,000+ SLP farmed per month
📈$100,000+ monthly revenue
📈$5M+ worth of funding
📈17 acquired NFT gaming projects. See full list here.
The growth of P2E gaming has been explosive! 2022 has just started and there have been many gaming startups and gaming communities joining the trend.
If you want to get started with a fun way to earn money, then consider play-to-earn gaming. The best time to start is of course, NOW!
🔗CONNECT WITH US!
Discord | Telegram | Twitter | Instagram | Facebook | LinkedIn | YouTube
