The gaming industry is developing day by day with the development of blockchain technology. As of 2021, it is estimated that more than 3 billion people worldwide play mobile games and video games. While the e-sports industry has more than 650 million players, the increasing interest in 3D games is increasing day by day.

Thanks to the blockchain technology, developments are taking place in the gaming industry, as in many other sectors. Together with Metaverse, the newest development in the blockchain-based game industry is the "Play to Earn" model.

What is "Play to Earn" … ?

The quarantines, a result of the global pandemic, have pushed people to further explore the potential of the online world. In this process, people discovered that they could work and have fun at the same time using their internet-connected devices from anywhere in the world. “Play to earn” started to be adopted as a trending business model.

Games in the "Play to Earn" system feature Metaverse. Metaverse offers users a world beyond the universe. In the Metaverse, virtual lands, avatars and even buildings can be bought and sold, often using cryptocurrencies. In the created virtual universes, people can spend time with their friends, participate in activities, buy goods or services. In other words, it allows you to do everything you can do in real life in a virtual environment.

"Play to Earn" games with a mix of gaming and finance fall into the GameFi category. Each game provides financial incentives to play and progress.
In-game cryptocurrency earning; The local cryptocurrency of the game can be earned as a reward by completing daily tasks. Earning or trading in-game NFTs: Each NFT; can represent an item, character, or other collectible item in the game. These can be traded between players.

Some NFT games allow users to lock NFTs or cryptocurrencies in smart contracts, thus creating the reward.

Blockchain; It has several characteristics that easily prove ownership, legitimacy, and rarity. Blockchains, which we can think of as an immutable database, are maintained by a distributed network of computers that keeps a copy of all data. This means that it is nearly impossible for someone to modify, duplicate or delete data on the Blockchain.

Games thanks to the blockchain; item duplication can be enhanced to prevent gold piracy and other scams or corruption common in traditional games.

Play to earn allows players to earn cryptocurrency just by playing the game. The mechanics of each game may be different, but the rewards usually come from placing bets, collecting a game's currency or generating tradable NFT items. Play to earn has created in-game economies and business models where players can work to generate income. A few examples of the Play to earn model;

Bloktopia

Bloktopia; powered by Polygon, is a decentralized metaverse that will provide an unprecedented virtual reality experience for the crypto community. It acts as a bridge between the virtual and physical worlds within the decentralized and open-source worlds.

My Neighbor Alice

My Neighbor Alice; is a multiplayer game, centered around Alice's world and where players can buy and build virtual islands. Players can make in-game purchases with the game's local currency ALICE and convert ALICE tokens to fiat currencies on cryptocurrency exchanges.

My last words; I tried to help you understand the concept of play to earn. A new play to earn game is released every day. My advice to you is to learn a play to earn game that you are suitable for. Who knows, maybe a good income will open up ... Between us ... I started ...