{"id":7770,"date":"2022-11-29T09:17:20","date_gmt":"2022-11-29T02:17:20","guid":{"rendered":"https:\/\/bap-software.net\/?post_type=knowledge&p=7770"},"modified":"2024-04-10T15:16:09","modified_gmt":"2024-04-10T08:16:09","slug":"overview-of-the-nft-play-to-earn-game-for-beginners","status":"publish","type":"knowledge","link":"https:\/\/bap-software.net\/en\/knowledge\/overview-of-the-nft-play-to-earn-game-for-beginners\/","title":{"rendered":"Overview of the NFT Play to Earn Game for Beginners\u00a0"},"content":{"rendered":"

The video game industry has been growing steadily in recent years. Millions of gamers are participating in NFT games and the Play to earn mechanism has attracted them to stick with the game more. If you are a newbie and want to learn about the gaming world that is trending. The following article will provide an overview of the NFT Play to Earn Game that you cannot miss!<\/span>\u00a0<\/span><\/p>\n

I. What are NFT Play to Earn Games?<\/span><\/b>\u00a0<\/span><\/h2>\n

NFT Play to earn game can be understood as the application of NFT to the game model to encode in-game products into NFT format. In particular, with the play to earn mechanism, the game allows users to earn cryptocurrency or NFT while playing.<\/span>\u00a0<\/span><\/p>\n

\"NFT

NFT games are the current trend of making money gaming – Image: cryptogames3d.com<\/p><\/div>\n

For example:<\/em> Axie Infinity is a play to earn game from Vietnam and it is very popular in the Southeast Asian market. The game has about 1.48 million daily active users. With gameplay similar to the famous game Pok\u00e9mon. Axie Infinity’s focus is on collecting, nurturing, and letting Axie pets fight each other. Each Axie is an NFT. When players win matches, they earn SLP and AXS tokens. In-game items and cryptocurrencies can both be sold for very high prices. Thereby generating income for players.<\/span>\u00a0<\/span><\/p>\n

II. How does the Play to Earn model work?<\/span><\/b>\u00a0<\/span><\/h2>\n

The operating principle behind the game play to earn is very simple. Players earn rewards in the form of cryptocurrencies, tokens or NFTs through in-game activities such as: complete missions, compete with other players, win competitions and progress through different levels,… Since these rewards can be tokenized in the market, you can convert to real money while playing.<\/span>\u00a0<\/span><\/p>\n

In addition, players often buy some NFT assets in the game to serve their playing process more efficiently.<\/span>\u00a0<\/span><\/p>\n

\"Players

Players can earn money while playing games – Image: meopari.com<\/p><\/div>\n

The Play to Earn model is based on the view that the more players participate, the more opportunities they have to earn and increase the value of the collected assets. Besides, when more players join, the value of the game also increases for the developer and the community.<\/span>\u00a0<\/span><\/p>\n

III. Advantages and disadvantages<\/span><\/b>\u00a0<\/span><\/h2>\n

1. Advantages<\/span>\u00a0<\/span><\/h3>\n