Play-to-Earn: Gaming for Profit in the Blockchain Era

1. What is Play-to-Earn and why is it booming?

Play-to-Earn (P2E) allows players to earn tangible rewards through gameplay. While the concept of earning through gaming isn't new, the fusion with blockchain and NFTs has propelled P2E into the spotlight. These technologies ensure transparent transactions and genuine ownership of in-game assets.

2. NFTs and true ownership: A game industry revolution

Traditionally, in-game items were controlled by publishers, limiting players' rights. NFTs have changed this dynamic by making each item a unique, immutable asset on the blockchain. This shift empowers players with true ownership and the freedom to trade assets across various platforms.

3. Axie Infinity and the rise of the Play-to-Earn model

Axie Infinity, developed by a Vietnamese team, exemplifies the success of the P2E model. In the Philippines, many individuals have turned to Axie as a primary income source during challenging times. The game's success has inspired numerous other P2E projects, fostering a vibrant blockchain gaming ecosystem.