[CONTENU PARTENAIRE] Play-To-Earn games, or P2E, are video games aimed at acquiring cryptocurrencies and NFTs. Very often, its users buy items created in the game rather than the game itself. It can be characters, weapons, features, etc. Assets that players can buy and sell on a marketplace to generate profit. These games are so attractive that Sorare, one of the most popular of them, has entered into a partnership with Kylian Mbappé.
The concept of P2E games is not new, but the fact that these are now based on the use of blockchain technology has given them a lot of visibility. Thus, P2Es make it possible to earn both cryptocurrencies and NFTs.
A big advantage of these games is being able to generate income even when the cryptocurrency markets are down. This is because players earn rewards regardless of market trend or sentiment.
Rewards earned in cryptocurrency or NFT can be resold immediately on a marketplace and converted into fiat currency or stablecoins to prevent market volatility from affecting your profits.
Growing rapidly, the P2E gaming sector is now attracting world-renowned stars for partnerships. The most illustrious case is that of Sorare who presented PSG star Kylian Mbappé as an investor and ambassador of the game. More recently Zinedine Zidane also signed up with the brand.
Sorare is a Fantasy Football game based on the Ethereum blockchain. Players collect NFTs depicting real professional footballers. Depending on performance during matches, digital cards can increase in value and be resold on the marketplace.
After the arrival of the French celebrity as an ambassador, NFT sales on Sorare increased by 795% in the space of 24 hours!
Generally, a Play-To-Earn game is about developing characters, leveling them up and completing missions and challenges. Players earn money by charging other players to use their properties or by participating in tournaments.
Some cryptocurrency games also include staking, where players can lock up certain tokens for yields and other prizes to buy more in-game stuff.
Axie Infinity has been one of the most popular games in this market, with $1.3 billion in revenue in 2021. The Ethereum-based game was played daily by 2.7 million users at the peak of the market in November 2021.
The Smooth Love Potion (SLP) cryptocurrency used in Axie Infinity serves as both in-game money and breeding resources for creatures called Axies. Among the game’s challenges are creature battles that allow players to earn SLP tokens, which players can trade for other cryptos in exchanges, or use to maintain their creatures. Nevertheless, the governance token of the Axie Infinity project is the AXS.
Axie Infinity also makes it possible to invest in digital plots of land that can be resold for a profit when demand increases for these NFTs.
Today, many gamers are starting to make more money playing P2E games than working on a daily basis. This is the case of the Filipino player RK Secretario, who has completely immersed himself in the world of Axies. He now earns almost twice as much money playing for an hour a day as he did with his old job selling animal feed, or about 1,775 euros a month (100,000 Philippine pesos).
Much like Axie Infinity, Decentraland also generates revenue, although its immense success has driven up the price of its NFTs. In this game, players or investors earn money by buying plots of land and reselling them or renting them to other players.
Many brands are vying for plots on Decentraland, which has become a veritable ecosystem in which concerts, parades, games and many other income-generating activities take place.
Move-To-Earn (M2E) is an original concept aimed at encouraging users of an application to play sports to earn cryptocurrencies or NFTs. Due to the potential of this idea and the desire of people to stay healthy, it is possible that the M2E market will see a strong rise in the coming years.
The flagship M2E application of the moment is StepN, whose tokénomics are based on the Solana blockchain. Much like the augmented reality game Pokémon Go, StepN pushes users to move to reward them. Thus, daily walkers are offered Green Satoshi Token (GST) tokens, while the project’s governance token is called GMT.
The concept is simple. You buy NFT shoes that will be used to track your movements. And the more you exercise, the more your NFT increases in value through its increasing properties, and the more GST tokens you earn as a reward.
To start playing Move-To-Earn and generate income, take advantage of GMT, AXS or ETH tokens with €20 offered on LiteBit.
This content was produced with SCRIBEO. The BFMBUSINESS editorial staff did not participate in the production of this content.