In a play-to-earn game, players can earn rewards by completing tasks, battling other players, and progressing through various game levels. These rewards come in the form of in-game assets like crypto tokens, virtual land, or skins for weapons and characters. Sometimes players can trade these assets for real money.
Play-to-earn games are a new type of online game that is growing in popularity. Some popular play-to-earn games include Axie Infinity, STEPN, CryptoKittes, Gods Unchained, Decentraland, and DeFi Kingdoms.
What is the difference between play to earn and traditional gaming?
In traditional gaming, players typically do not own the in-game assets they accumulate. For example, in the popular game Fortnite, players can earn skins for their characters, but they do not own these skins in the same way that they might own a piece of digital art. In play-to-earn games, on the other hand, players can own and trade their in-game assets for real-world value.
~ Justin Kan, founder of Twitch
How to sell in game assets of play to earn games
Players can sell their in-game assets in play-to-earn games for real-world value in two ways: through an in-game marketplace, or on an external NFT marketplace.
In-game marketplaces are internal to the game and only allow trades between players within the game. These marketplaces typically use the game’s own currency, which can be exchanged for fiat currency or cryptocurrency.
External NFT marketplaces are online platforms that allow the buying and selling of NFTs. These marketplaces typically use cryptocurrency, which can be exchanged for fiat currency.
Players can also earn real-world value by charging other players rent to stay on their virtual land, or by winning fights and earning crypto.
Play to earn game development
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