Play-to-Earn Vs. Move-to-Earn: A Comprehensive Explainer!
What are Web3 Play-to-Earn Games?
Web3 Play-to-earn (P2E) games allow gamers to earn in-game assets that can be exchanged for cryptocurrencies. P2E is one of the latest features of the GameFi world. Traditionally, users play games online using applications like Minecraft and Roblox. But, the P2E mechanism makes things a bit different.
Combining gaming with the benefits of cryptocurrencies is possible using blockchain technology. Traditional gaming allowed gamers to relax, enjoy the immersive graphics and spend some time off with friends. From now on, one can enjoy playing games with another important factor in life: earning passive income. It is essential to play a game based on a blockchain to earn crypto tokens or non-fungible tokens (NFTs). Furthermore, you do not necessarily have to invest in costly NFTs to earn monetary rewards and involve in the in-game economies and business ecosystems.
What Are Some Popular of Play-to-Earn (P2E) games?
Axie Infinity and The Sandbox are examples of play-to-earn games.
One of the most popular examples of play-to-earn games is Axie Infinity which runs on the Ethereum blockchain. It is a combination of video gaming and blockchain gameplay elements. When the economy thrives, the NFT marketplace on the game is a booming business. Sometimes, millions of dollars worth of cryptocurrencies were being traded and Axies, the little monster-like creatures, cost thousands of dollars each.
NFT Gaming Platform - An independent ecosystem in the crypto space.
The gaming industry has been considered to be a fun and entertaining place where people engage with a virtual character…
One of the unique games in the P2E world is The Sandbox. It offers its users a unique gaming experience that gives them a glimpse of what the metaverse probably will look like. Users can play, create, build and own assets in the Sandbox’s virtual world. While living in the metaverse dream, gamers can earn cashable rewards in the game by creating, investing, and trading in-game items.
What are Web3 Move-to-Earn (M2E) Games?
Move-to-earn gaming mechanism combines moving, gaming, and earning cryptocurrencies as rewards. Move-to-earn mechanism boomed during the peak of the global COVID-19 pandemic. People mostly stayed at home, sitting and spending their time behind the screen. Since it is necessary to be physically fit to maintain one’s health, M2E became very popular. It has become a new avenue to reward users for staying physically active through various exercising actions while using technology. People can earn cryptocurrency for every move they make. Some experts call the M2E mechanism FitnessFi, because of the concept’s nature and potential. People’s need to stay healthy and active due to the health problems created by the recent pandemic facilitates the growth of Move-to-Earn games.
Move-to-Earn - What Should one know about this New Buzzword?
Today's world has evolved far more than the extensively communicating days of Web 2.0. With the advent of blockchains…
What Are Some Popular Move-to-Earn (M2E) Games?
Some famous move-to-earn games are STEPN and Sweatcoin. As the move-to-earn domain is growing bigger and hotter, getting familiar with some of the M2E games is necessary.
The most well-known M2E platform is the Solana-based move-to-earn project STEPN (GMT). It is a Web3-based lifestyle application with integrated SocialFi and GameFi features. The project’s main goal is to make its users healthier and wealthier by walking daily. The game’s founders aim to make STEPN the top M2E project in the metaverse space, and the platform even won the Solana Ignition Hackathon in 2021. If users want to start using STEPN, they need to get a pair of STEPN sneakers NFT by buying an NFT. When one accomplishes their first step, it is important to move and track your step with GPS. The earned in-game rewards can be exchanged for cryptocurrencies later.
The second M2E project is similar to the first one: Sweatcoin. Here, users can make their coins by running, walking, and, most importantly, sweating. Every 1000 steps one takes will reward them with SWEAT, the platform’s native crypto token. With their slogan, “It pays to walk,” the project aims to decrease the billions of dollars spent on healthcare by making people healthier. Users can exchange the hard-earned rewards for products, make a donation or convert them into a currency of their choice.
Differences Between Play-to-Earn and Move-to-Earn Gaming Mechanisms
While P2E is more established, M2E is an evolving concept, although the health implications given by both vastly vary. Play-to-Earn can be ideal for individuals who stay fit and want to monetize their pastime while hanging out virtually with friends. On the other hand, Move-to-Earn can be the motivator for a person who strives to maintain a healthier lifestyle. In essence, both mechanisms are here to stay and grow as the pillars of the Web3 gaming industry.