How play to earn is changing the future of online gaming
The online gaming industry has been growing rapidly over the last few years, generating over $21.1 billion in 2020 alone. But while it provides a fun way for gamers to enjoy themselves, it also poses some downsides.
For one, every economic activity relating to online gaming is centralized. That means that only publishers and developers control ownership and profit-sharing. This makes it difficult for players to get more value for their time besides playing the game for fun.
Thankfully, the inception of play-to-earn games is rapidly revolutionizing the traditional online gaming industry. These types of games provide more value to the true owners of the game: the players! With this new type of gameplay, you can now get financial incentives from your actions within the game.
Let’s break down this concept and show you how it works.
What are Play-To-Earn Games?
Play-To-Earn Games are based on the idea that earning money or other rewards for completing tasks within the game will motivate players to continue playing.
The concept is not new. In fact, traditional PC games like Diablo II featured a legacy structure of this concept where it allowed players to accumulate certain in-game items that they could trade within the platform.
However, play-to-earn takes this concept to another level. It allows players to generate real-world currency by simply performing simple tasks within the game or selling digital assets acquired within the game.
This is done through the innovative use of crypto assets like non-fungible tokens which are decentralized by design.
The play-to-earn concept allows gamers to make money in three major ways:
NFTs: Every in-game asset is represented as a unique Non-Fungible Token (NFT). These unique tokens can be sold or traded with other players. They can also be converted into fiat.
Tokens: Players can earn tokens for completing various activities within the game. These tokens can be traded with other players, used to purchase in-game assets, or exchanged for fiat currencies.
Staking: Staking is similar to mining. Gamers who stake their earned tokens or in-game assets have an opportunity to receive additional tokens depending on the amount staked or level achieved in the game. Of course, they can convert these tokens into fiat if desired.
Benefits of Play-to-Earn
P2E is still relatively new. However, its popularity is quickly rising due to its many benefits.
One of the biggest advantages of play-to-earn is that they give players a chance to monetize their time spent playing. Instead of spending hours grinding away at a single game just to unlock content, players can now easily spend their time doing something else while making passive income.
P2E games also provide players with a sense of ownership. Since the game allows them to own their in-game assets, they feel more connected to their virtual world. This feeling of ownership makes them want to keep playing even when there’s nothing left to accomplish.
The future of P2E in the gaming industry
Play to earn is slowly becoming an attractive business model that allows publishers and gamers alike to benefit from each other. The rise of blockchain technology has made it possible for developers to create games that provide more value than ever before.
We believe P2E is the future of online gaming because it allows us to connect with our community in a way we haven’t been able to do so far. We are excited about the possibilities that P2E brings to the table and that is why we’re building Devil’s Flock to provide a platform that will allow anyone to enjoy a fun and rewarding experience.
About Devil’s Flock
Devil's Flock is a play-to-earn multiplayer online strategy game. It draws inspiration from Prince of Persia, Grand Theft Auto, Taken, and other similar titles. The P2E game allows you to fight single or multiple enemies simultaneously to sharpen and enhance your skills.
For Devil's Flock, time, money, and effort are all treated as equally significant investments. Users have the unique opportunity to select a single method for earning token shares or to be resourceful and devise a strategy for combining multiple methods to generate passive and active income.
Earning or investing in NFTs and $DECK Token are both excellent strategies, given that users can trade these assets on in-game and real-world cryptocurrency exchanges for real money.
Read more about our game here.
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