WHAT IS PLAY2EARN?
Play2Earn (play-to-earn) games refer to the concept of gaming in which a platform provides its players with a chance to earn any form of in-game assets that can be transferred to the real world as a valuable resource.
As technology has become more accessible to the general public, video game business models have developed to a whole new level. Previously, games could only be played on arcade machines in specific gaming arenas. Gamers would battle for the highest score with a sack full of quarters. However, things changed drastically as the revolution in technology brought games to our smartphones, home computers, and gaming consoles such as PS5, Xbox, and so on.
Now, the world is seeing a new gaming model known as play2earn, specifically in the blockchain universe. It effectively gives players a chance to generate revenues by participating in games. Players create value for other gamers and developers by engaging in the in-game ecosystem and earn assets for their contributions. These digital assets might range from coins to accessories that have been tokenized on the blockchain. As a result, the play-to-earn business model pairs nicely with blockchain games.
A great example of play2earn games is Axie Infinity. In this game, Axies are adorable animals that players acquire, breed, and battle to win rewards. Each Axie is a non-fungible token (NFT), meaning it is a one-of-a-kind digital collectible.
ELEMENTS OF PLAY2EARN
Play2Earn, without a doubt, is transforming the gaming landscape. But for it to succeed, game developers must explore (and experiment with) the full potential of blockchain and other existing technologies.
The current Play2Earn gaming market is heavily focused on the ‘earn” component, not the “play” aspect. While the “earn” factor gives Play2Earn games the edge over traditional games, most of the existing games aren’t as vibrant and engaging as their more established non-blockchain counterparts.
Because most of these games rely on tokens or NFTs, they are prone to the whims of the crypto markets. As a result, Play2Earn game developers expend a significant portion of their productivity building elaborate balancing tricks to keep their token-based economies healthy instead of creating engaging gameplay mechanisms.
While there is no denying that games like Axie Infinity, Splinterlands, Decentraland, The Sandbox, and many others revolutionized the gaming industry, we can’t overlook the part that most of these games fall short in terms of storylines, graphics, and gameplay.
What Is Play2Earn (Play-to-Earn)?
Play2Earn (play-to-earn) games refer to the concept of gaming in which a platform provides its players with a chance to earn any form of in-game assets that can be transferred to the real world as a valuable resource.
As technology has become more accessible to the general public, video game business models have developed to a whole new level. Previously, games could only be played on arcade machines in specific gaming arenas. Gamers would battle for the highest score with a sack full of quarters. However, things changed drastically as the revolution in technology brought games to our smartphones, home computers, and gaming consoles such as PS5, Xbox, and so on.
The PlayMining platform features a wide variety of Play2Earn games, enabling players to earn $DEAP tokens and NFTs, which can then be used to participate in the platform’s DeFi offerings like staking and lending. Players can also sell their NFTs on the PlayMining NFT platform to generate additional revenue.
To cater to a broader audience, Singapore-based Digital Entertainment Asset (DEA) has introduced an end-to-end GameFi ecosystem. This product and service suite consists of a Play2Earn gaming platform called PlayMining, a secondary NFT marketplace built on the Binance Chain called PlayMining NFT, and the platform-native $DEAP token.
INTRODUCING CRYPTO PIRATES…
This is an Idle Game about pirate adventurers venturing through the expanses of endless space.
For many generations we grew up reading books and comics about pirates. And then on the playground we imagined ourselves as ship’s captains, confidently giving orders to the team, mercilessly smashing the enemies and fearlessly looking into the huge eyes of the Kraken.
Today we want to give our players some nostalgia and joy from their distant childhood. A huge world where you, on your pirate ship, pave your own way to fame and treasure.
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