How does play to earn games work?

In play-to-earn games, in-game assets are distributed among players. By participating in the in-game economy, players generate value for other players as well as the developer . All of this works for one simple reason. These games consist of two things people crave — entertainment and the possibility of making money.

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What is play to earn games?

This is where play-to-earn games – or GameFi – come into play. Leveraging the immutability of blockchain technology, game designers can create in-game items and rewards that are provably unique and transferable . Rewards can range from earning native digital currencies to collecting NFTs or be earned from staking.28 Oca 2022

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How does play-to-earn NFT games work?

How do NFT games work? The simple answer is that NFT games allow users to earn money as they play . Blending video games with finance, or GameFi as players call it, these games use NFTs — unique digital collectibles on the blockchain — that gamers can sell in games to other collectors and players.

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