B**** Better Have My Money, An Overview of the Play-To-Earn Industry

Relevant GameFi and P2E Tokens We’re Watching at Momentum 6:

Relevant GameFi and P2E Tokens We’re Watching at Momentum 6:

• $ILV

• $ATLAS

• $AURY

• $EFI

• $IMX

• $AXS

• $SAND

What is P2E?

Gaming, just as many other industries, has undergone massive changes since the day it was invented centuries ago. In the early days, gamers were perceived as lazy members of society. However, as time went by, people started appreciating gaming as an entertainment and educational tool, and it is now estimated that this market will generate $175.8 billion of revenue in 2021.

Many technologies have been tried in gaming to improve the sector and blockchain is amongst the latest technologies that is revolutionizing the sector. Play-to-earn games allow gamers to collect or farm crypto that they can sell on the market. Gamers who play regularly can accumulate items or digital tokens as a source of income.

The gamification of earning can differ from platform to platform. However, most rewards typically come from farming a game’s currency, staking, or generating tradeable non-fungible tokens (NFTs). The older blockchain games applied the random chance technique when rewarding players. On the other hand, play-to-earn games have created business models and in-game economies where players work for an income.