Play-to-Earn Gaming: Good Game All the Way
Play-to-Earn Gaming (or P2E Gaming) — Have you ever heard of this? As its name states, it is where users are paid to play.
This can be dream come true to some. Getting paid for what you enjoy doing sounds fun right? I say “good game all the way” not only for the enjoyment of the games you play but also for the value it brings to your life; going all the way from playing to having a real-life financial return — where the time and effort you exert in a game is monetized.
How Do Play-to-Earn Games Work?
- Play-to-earn games rely on blockchain technology. It allows them to support their ecosystem and, to provide users with access to in-game tokens that have real value outside the game; this is made possible through digital currencies (or cryptocurrencies), decentralized marketplaces, and NFTs.
- Every move you make inside the game can be rewarded. You can be rewarded for taking part in quests or battles, breeding new creatures, and helping solve a community problem.
- Elements inside the game are featured as non-fungible tokens (NFTs). For example, if you want to create a new avatar or breed a new creature, you can mint a new token — and then sell or exchange it in an open marketplace. The Benefit of NFT: it can be exchanged for cryptocurrencies which, in turn, can be traded for hard cash through exchanges.
- Ownership and Authenticity of in-game digital assets can be always Verified because all transactions take place in the blockchain.
- Player has endless opportunities and ways to monetize their collection. Using the blockchain makes it easier to move in-game assets between different games and platforms.
The Role of Play-to-Earn Guilds in Play-to-Earn Games
The increasing popularity of play-to-earn gaming has raised the value of in-game assets — requiring a big financial commitment that has created a barrier for ordinary players to enter play-to-earn games and own in-game assets.
Nevertheless, there will always be a way — in this case, it’s Gaming Guilds. Blockchain gaming guilds purchase in-game assets and then lend them to P2E players, taking a cut of whatever earnings were made by players. Learn more about Play to Earn Gaming here.
One of the Blockchain gaming guilds is MetaGaming Guild. MGG buys the best Non-Fungible Tokens (NFTs) from gaming startups and rents them out to a community of players through the scholarship program. With this MGG scholars can access games without upfront costs, access early-stage game tokens like VCs, and deploy their NFTs to automated yield.
Join our community and have a good game all the way!
Written by: Aprielle G. Villafuerte
References: DAO Maker Research Page, Sensorium
About MetaGaming Guild
MetaGaming Guild (MGG) is one of the world’s fastest growing GameFi guilds who’s on a mission to make game finance fairer for the masses.
MGG buys the best Non-Fungible Tokens (NFTs) from gaming startups and rents them out to a community of players through the scholarship program. With this, MGG scholars can access games without upfront costs, access early stage game tokens like VCs, and deploy their NFTs to automated yield.
What We Do
Gaming Guild | INO/IGO Launchpad | GameFi Vaults | Game Yield Farming | P2E Game
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