What is Play to Earn?
PlayToEarn means play-win in Turkish and refers to a new type of video game.
In traditional video games, the goal of game studios has been to make as much money as possible from the player. For this reason, even the Pay-to-Win system has been introduced to multiplayer online games, and players who contribute financially to the game are rewarded with in-game advantages. Play-to-Earn games, on the other hand, make the player a part of the game’s economy and allow them to earn money while playing the game.
The Play-to-Earn system is used in many NFT and metaverse games today. Users farm or collect tokens and NFTs that they can convert into real money as they play the game.
How to make money with Play-to-Earn games?
If you want to participate in a play-to-earn game and earn money from this game, you must first open an account from one of the crypto money wallets supported by the game. Then you can log in to the game with your wallet.
In general, you need to make a certain investment in order to earn satisfactory amounts of money in play-to-earn games. Some games like Alien Worlds give you a starting tool, but these are not enough and you want better gadgets, avatars, lands to mine more tokens during the day. These are sold as NFTs in the game’s marketplace. Trading these NFTs is like buying and selling any NFT; that is, both NFT has a certain fee and you pay a transaction fee. Therefore, in order to earn income from play-to-earn games, you should usually keep the game’s token in your wallet. If these tokens
You can get it from cryptocurrency exchanges and send it to your wallet.
In play-to-earn games, you can earn money by collecting tokens and NFTs according to the content of the game. You can complete daily missions to collect more tokens and NFTs. Some games allow you to increase your holdings by staking your NFTs and tokens.
You can convert the tokens you collect into fiat money on exchanges and sell NFTs in marketplaces.
Why are play-to-earn games safe?
Making money from games is not a new phenomenon. In many massive multiplayer role-playing games (MMORPGs), the developed characters, crafted items, weapons were already traded between real people for nominal money. However, shopping with money in these traditional games was not safe due to frauds such as item copying, gold/money cheats, and various frauds.
Play-to-earn games make it completely safe to earn money by playing games. Because these games and their tokens are located on the blockchain. In other words, assets in play-to-earn games are blockchain data. Blockchain technology can easily prove authenticity and ownership. It is almost impossible for a person to modify, duplicate or delete a blockchain data. That is, it is not possible to forge tokens and NFTs in a play-to-earn game.
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