The Rise of Gaming Revenue
Last updated
Last updated
According to an article by Cross Angle, the emergence of Play-to-Earn (P2E) games is considered a significant innovation in the gaming industry following the 2020 DeFi trend and the expansion of NFT projects in 2021. P2E games allow users to participate in economic activities within the game, earning tokens and resources and creating value. This model differs from traditional pay-per-use and subscription models, as it is based on token economics that enable transparent and free trade of major currencies, item values, and various rewards based on game participation.
The two core elements of P2E games are an open economy supported by L1 blockchain infrastructure such as Ethereum, and the use of NFTs that provide digital ownership of all in-game assets, removing the risk of asset modification or loss. To ensure the long-term sustainability of P2E games, decision-making should be decentralized and entrusted to DAOs, allowing anyone to participate in the process. P2E games embody the Web 3.0 vision by enabling users to become owners of in-game assets and participate in real economic activities, presenting immense growth potential for the industry.
