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Traditionally, only e-sport athletes or content providers have been able to make money from playing video games. The typical gamer may now make money by purchasing and selling in-game NFTs or fulfilling tasks in return for cryptocurrency incentives thanks to play-to-earn. Games have been a diversion, something to take your mind off a long day's job, throughout the past 50 years of home video gaming. However, a new breed of video games is already employing blockchain technology such as NFTs to reward players with bitcoin. Check out our guide on earning crypto and NFTs through play-to-earn if you'd like to learn more. 

These “play-to-earn” games are already allowing gamers to do a job playing video games in some nations, with scholarship programs and academies cropping up to help players navigate this weird new world.

What is play to earn games?

Simply described, play-to-earn games are video games that allow players to earn real-world benefits. While individuals have been making money from video games for years through techniques like “gold farming” and unauthorized marketplaces for in-game items, the advent of blockchain technology and NFTs has altered the game completely. 

Because blockchain technology enables true, real-world trade of non-fungible tokens, the cryptocurrency gaming sector is worth billions of dollars in non-fungible tokens (NFTs). There are even digital economies where you may be paid to play!

Play-to-earn games allow players to engage in gaming activities such as battling, breeding their in-game characters, performing quests, or accomplishing other chores to earn money.

Where does the money come from?

The currency that players earn within the platform provides value to all play-to-earn games. However, not every game follows the same format, and some newcomers are merely interested in cashing in on the metaverse frenzy. Most games use native tokens for in-game purchases and trades between players. They get value from the usage of their tokens, which are seen as valuable by users and cryptocurrency dealers. Gamers may then sell their in-game digital assets – gained via gameplay — with other gamers for a fair price, continuing the cycle and injecting value into the gaming economy.

Is it certain that I'll make money if I play?

It all varies with the amount of effort you put into the game, how popular it is, and what the demand is for the in-game assets or underlying tokens.

Playing to earn isn't a magic pill that will make any game profitable for participants, but it sets the stage and provides a canvas for such a value-distribution game.

Wrapping Up

Play to earn games are a great way of earning an income for today's generation. Please invest wisely after doing proper research. If you want to Play Ethereum games, Decentral Games has covered you. For more information, please visit decentral.games. 

https://decentral.games/
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