Mastermind11

Is Play-to-Earn Dead? The New Rise of Web3 Gaming & NFTs

About Web3 gaming

Crypto Games:

In the starting of crypto games,crypto games was focus only on earn money,but now crypto games also focus on entertainment and gameplay and this gaming system shift into entertainment, gameplay,etc.

Downfall of Play to Earn:

Starting of these games like Axie Infinity, The Sandbox,Splinterlands,Pixels people play these games and earn money but this system flopped quickly.

Reasons:

1_ This game paying old players with new players money when the numbers of new player decreases game currency are crashed.

2_ Play games become boring. People was not enjoy it then people only complete tasks to earn crypto they just click tasks.

3_ When people receive tokens they sell it immediately and this is the main cause of downfall of Play to Earn.

Play and EARN:

Play to Earn → Play and EARN 

Play to earn is is old project in play to earn if you want to play game you firstly buy expensive NFT and the main goal is to earn money.

Play and EARN:

Play and EARN is new project in this project you play games freely without buy any expensive NFT. In this project the main goal is entertainment and they gave crypto earnings like benefits or bonuses.

You easily login with your Gmail or Apple I'D. It is not necessary to setup with your crypto wallet.

Top Projects of Web3:

            IMMUTABLE OR GALA GAMES

IMMUTABLE ($IMX): Immutable is a platform which is very helpful for fast and zero fee system so that people is not worried about any gas fee this platform no charge you any gas fee.

GALA GAMES ($GALA): Gala is a gaming studio which made the different high-quality web3 games.

 Web2 games vs Web3games

In web2 games assets ownership only have gaming company you just buy items or skins but you don't sell these items for real money in web2 your all earnings from games goes to gaming company in Web2.

In web3 games the tokens and NFTs ownership have own players. They sell items or tokens easily in market . Some earnings are sharing with players in web3 games.

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Mastermind11
Mastermind11

I am a passionate writer who loves to share articles about Al tech, Crypto currency, Bitcoins, Ethereum.


Mastermind11
Mastermind11

A blog about AI, technology trends, and futuristic sci-fi stories.

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