How to Earn More in the Play-to-Earn Ecosystem

One of the joys of growing up as a child was the availability of play equipment. It made childhood enjoyable for most kids and even now as adults – trust me, I would know. The gambling industry has been around for decades now. In this time it has provided us with so much fun and entertainment regardless of age or gender. There has been a significant evolution in gaming since the early days of Nintendo and console boxes. The continuous improvement of technology has made this fun pastime almost lifelike. Today, the blockchain has improved the overall gaming experience and the economy that supports it. The global Play-to-Earn (P2E) Games market size was valued at $32.9 billion in 2022 and is expected to grow at a CAGR of 17.93% to $88.6 billion by 2028.

The industry has consistently moved away from the traditional model where players had to invest in games to gain any kind of in-game advantage. This model ensured that gaming projects generated revenue from the players. It is now overshadowed by the rise of P2E games. These games use blockchain technology to reward players for their time, skill and dedication.

In this article, we will discuss the exciting world of P2E games, and how they are shaping the future of gaming by providing alternative ways to earn rewards.

Play-to-earn games

The average daily Unique Active Wallet (UAW) count for blockchain gaming platforms reached 1.1 million in the fourth quarter of 2023. This underlines the continuous increase in blockchain gaming. The level of success you achieve in the P2E ecosystem is mostly directly proportional to your skill level. Unlike traditional game models that reward your repetitive actions, P2E games are designed with skill in mind and they focus on rewarding your strategic thinking and mastery of the game’s mechanics. You can earn impressive rewards when you excel in player-versus-player (PvP) battles, complete complex in-game challenges that require strategic decision-making, optimize your management of resources within the game’s economy, and collaborate effectively with teammates in cooperative games. models.

Many P2E games are moving away from game mechanics that rely heavily on luck, for example loot boxes or random character draws. This is intentional as these games try to de-emphasize luck and reward skills, to ensure that consistent skill development and strategic thinking have a greater impact on a player’s success and earnings.

Another quality that will help you earn more in this space is to understand the game’s mechanics in depth. Understanding the character’s strengths and weaknesses and mastering different strategies are valuable assets to have in your arsenal. Players who spend time and effort honing these skills gain a significant advantage. Some examples of skill-based P2E games include strategy games, trading card games, eSports games, etc. in. It is essential to mention that not all P2E games are purely skill based. Many still incorporate elements of chance.

Power your P2E strategy with data

The hallmarks of a successful P2E player are strategic thinking, excelling in competitive battles, overcoming complex challenges, mastering game mechanics, and optimal resource management. Luck is minimized and replaced instead by a focus on knowledge and experience. All of these are great, but an important ingredient you need to add to your blockchain gaming accommodation is data.

Data empowers your P2E strategy, especially when you use platforms like UpOnly that provide insights into different P2E games. UpOnly is the CoinMarketCap or CoinGecko of the P2E world. It provides users with a comprehensive overview of the P2E market landscape. UpOnly provides in-depth and up-to-date data on various P2E games, covering factors such as token prices, in-game asset values ​​and player activity. The platform provides a decentralized infrastructure that allows spectators to leverage the data they provide into real value for themselves by using this data to bet on the outcome of play-to-earn games.

With proven data platforms like this, you can identify trends in in-game assets, evaluate the values ​​of NFTs, and track opportunities like scholarship programs, minimizing risks and maximizing returns. By analyzing the data, you can anticipate market movements, spot emerging P2E games early, and predict token price fluctuations, giving you a valuable edge in the P2E space. Data is a powerful tool, and when combined with research and experience, you are most likely to achieve optimal P2E success.

Bridge the game gap

For some (especially newcomers used to traditional gaming experiences), the blockchain gaming world can be intimidating at times. This is where projects like Outlanders, Sidus Heroes and Astra Nova are essential.

Outlanders, a Massively Multiplayer Online Role-Playing Game (MMORPG), uses blockchain technology to bridge the gap between traditional and Web3 games. By offering a good user experience and interfaces, the game takes experienced players and newcomers on board in the world of cryptocurrency.

On its side, Sidus Heroes is a futuristic NFT-oriented P2E MMORPG. It uses NFTs to allow players to own in-game content, creating a player-driven economy wrapped in a blockchain journey full of adventure and opportunity. With these games, players can enjoy Web3’s immersive world, hands-on character development, and the full MMORPG experience while reaping the benefits of the P2E model while playing. This model has the potential to accelerate mainstream adoption by significantly onboarding new users via games.

Astra Nova is a free-to-play revolutionary Web3 RPG that allows you to step into an imaginative world steeped in millennia of interplanetary knowledge. The game draws inspiration from classic games like Fortnite, FF14, etc. Astra Nova, as with the Outlanders and Sidus Heroes, shifts power away from traditional game studios and into the hands of gamers.

What these games do for MMORPG on the blockchain is what QORPO does for eSports on the blockchain. With a mission to make eSports accessible to everyone, QORPO is at the perfect intersection of blockchain and eSports. The company’s technology is used to power the hero shooter Citizen Conflict, a game that fuses fast-paced gameplay with eSports intensity for ultimate competitive action.

The future of P2E

The global gaming market is estimated to reach $206.4 billion by 2025. This makes the integration of blockchain technology into the market a phenomenal opportunity. The projects I have highlighted in this article offer a glimpse of the potential of P2E games. However, challenges remain.

For one, there is the issue of scalability. This problem causes slow transactions and high fees, resulting in poor user experience. For example, Ethereum averages around 15 transactions per second (TPS). A number that is not ideal for a gaming dApp.

Polygon, a layer-2 scale blockchain solves this problem. The network offers faster transaction speeds (up to 7,000 TPS) and maintains compatibility with the Ethereum ecosystem. There are other layer-2 solutions in the industry, so the future looks bright in this regard.

There is also the issue of ensuring the security of assets in the game. This is important for long-term success.

Regardless of these challenges, the future of P2E gaming is undeniably bright. As the blockchain industry and technology continue to evolve, P2E platforms will address the challenges they currently struggle with, which in turn will see a surge in innovative gaming and a more robust P2E ecosystem.