Play-to-earn has proven itself over and over again with the rise of NFT games.
As P2E paves its way for a new, massive-growing component of online gaming, a number of NFT games are rallying behind it, attracting thousands of players each day into this new world.
And our goal in this article is to give valuable information to those who are new and are hungry to get into the action.
If you already have enough knowledge about NFT games, you can wait for another article that we will publish to stay up to date.
But if you’re someone who is just starting out and doesn’t know where to begin,
If you want to know exactly where you’re headed,
Read on because this article is for you.
So how does P2E work?
In a traditional game, everything that you can find is owned by the company that created it, which includes all the stuff you obtained, and even the very rare items you forged in a hard long quest.
The weapon, the armor, the boots, the shield, and everything else is only valuable when you are playing the game.
Despite how many sleepless nights and money burned during the quest or journey, the ownership of these items is just in-game.
But time has changed and is continuously evolving.
NFT games that are based on blockchain technology are decentralized.
And its concept revolves around assets or digital items that are being allocated among players than sitting on the main server.
This means that the game is not 100% owned and controlled by the company but on a distributed network instead.
It also means that it is up to the people involved or users who use these platforms to figure out what happens in their network. Noone in particular controls anything within the game.
The best part?…
All the hard-earned assets or items you obtained from any quests or challenges are not stuck inside the game but are on the blockchain.
In short, NFT games mainly serve as a platform and play-to-earn will come into play when executing transactions including in-game items which are considered as actual tokens.
Tokens that have a real-world monetary value.
Sounds pretty good, isn’t it?
Now, what is NFT and how can I leverage them?
NFT means “Non-Fungible Token”
Any assets to be interchanged with other assets of the same type are called fungibility.
A 1 peso coin is interchangeable with another 1 peso coin which represents the same value and that’s fungible.
On the other hand, if another item is considered as “non-fungible”, it will become a unique item.
An item that cannot be replaced nor copied.
One good example is a diamond — a non-fungible item.
A diamond can have its own unique cut, size, shape, and grade. Something that cannot be copied.
Another good example is a birth certificate.
Whether there’s another person born on the same date and year, has the same height, weight, gender as yours, not to mention identical twins, the birth certificates cannot be interchanged.
I bet it’s making sense to you now. :)
In relation to cryptocurrency, blockchain technology makes NFTs digitally unique tokens.
The blockchain secures the ownership of the item so there can only be one designated owner at a time.
No one is capable of changing the ownership of a new NFT into existence.
All the blood, sweat, tears, and money burned by obtaining your assets or items inside the crypto-NFT based games are 100% all yours and absolutely unique.
They represent a real monetary value within the blockchain technology or platform.
The full ownership of the assets in any crypto-NFT based game is where you can potentially get your earnings.
You have the option to buy, sell, even trade them.
You can also earn cryptocurrencies as rewards from using them.
Ultimately, you have the option to convert your token into real-world hard cash.
That is the core and nature of the “Play-to-earn” NFT games and what makes them unique, attractive, and promising.
Free-to-play games are good and all as they provide you with the value of enjoyment and entertainment while playing the game, but Play-to-earn adds the benefit of earning money while experiencing the same as playing F2E.
Now that you know the new era of online gaming, you’re maybe wondering about which games you want to get started with.
There are lots of NFT games to choose from, but one of the most popular games we want to bring back to life is…
The Ragnarok Online.
This famous MMORPG back in the day came to an end in 2015.
Luckily, there are developers who thought about integrating the whole crypto-NFT system and ideas in this one crazy game.
The project is still at its early stage but already starting a campaign to build a community full of RO enthusiasts.
We’d like to thank the developers as well as the people inside the community for all the support in this campaign to bring this back to life.
A kind of MMORPG we used to love and we promise to take it to the next level.
If you are one of the many people inside who want to get into the action, make friends, and support one guild or another as allies…
Join us inside and become part of the community.
More updates to come.
Stay tuned and follow us!
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