Top Play To Earn Coins by Market Cap
The Play To Earn market cap today is $4.94 Billion, a -1.3% change in the last 24 hours. Read More about Play To Earn
Play to Earn games are built on the blockchain, giving players full control over their gaming accounts and related assets, which they can sell on exchanges or secondary marketplaces.
Articles related to Play To Earn
What is Play To Earn?
Play to earn games let users earn cryptocurrencies or NFTs, which can then be exchanged for fiat money or other cryptocurrencies through exchanges or secondary marketplaces. Unlike traditional gaming models, where publishers maintain full control over the game, in-game items, and player accounts, play to earn games are decentralized and exist on the blockchain, letting players have full control over their gaming accounts and related assets.
Play to earn NFT games also offer gamers an opportunity to earn extra income even if they’re not streamers or professional esports athletes. Gamers can sell characters, in-game cryptocurrencies, NFTs and more, without worrying about getting scammed during peer-to-peer trades, as every transaction is recorded on the blockchain.
Challenges Facing Play To Earn Games
One challenge facing play to earn games is the inconsistent performance, as most games are built on the Ethereum blockchain, where congestion can cause in-game lag. To overcome this issue, there are gaming application focused Layer 2 chains which use technologies like zero knowledge roll-ups to support large numbers of transactions at low cost.
Also, as play to earn games are based on the blockchain, there are additional barriers to entry for traditional gamers who may be new to crypto. They will need to set up a crypto wallet, as well as ensuring they have some ETH on hand to pay for gas fees if needed, in addition to purchasing in-game characters or NFTs before they can start playing. In a bid to make it easier for new players to get started, more games are adopting the free to play model, which gives players the option to earn as they play.