In 2021, Play-to-earn or P2E games gained popularity, creating more engaging and rewarding gameplay experiences for players and game developers.
What is P2E?
P2E is a business model where players earn in-game assets through gameplay, contrasting the traditional pay-to-win model where players buy in-game items or advantages with real money.
The P2E games allows players to gain real-world value from their in-game activities, and sustainable monetization model for game developers. It also allows players to experience more engaging and rewarding gameplay experiences.
Read more about P2E
How does Play to Earn works?
In a Play-to-Earn (P2E) model, players earn in-game assets or currency through gameplay, rather than purchasing them with real money. These assets can then be used or sold within the game or on external marketplaces. The game typically has an in-game economy that allows players to earn assets or currency by completing tasks, challenges or participating in events, and also allows players to trade, buy and sell assets and currency with other players.
This creates a new revenue stream for game developers as players can buy and sell assets and currency on external marketplaces. P2E creates a more engaging and rewarding gameplay experience for players and a more fair and sustainable monetization model for the developers.
P2E offers several advantages for both players and game developers, such as:
- Players can earn real-world value from in-game activities
- Fair and sustainable monetization model for game developers
- Players can own unique assets
- New revenue stream for game developers
- Incentivize players to play more.
- More engaging and rewarding gameplay experiences
- A sense of ownership and investment in the game
- Increased engagement, retention, and player satisfaction.
P2E prediction: Will P2E be hype again this 2023?
Due to the current market trend, if this will continue for sure P2e will be back and gain more popularity in 2023.
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Source: https://cryptoticker.io/en/will-play-to-earn-be-hype-again-in-2023/