EARN MONEY VIA PLAYING GAMES - Vorphy

Gaming for money is a small part of the game that allows the player to participate in the in-game micro transaction economy to earn in-game rewards and currency that can be redeemed for real money.

The video game economy often revolves around the use of various assets and coins to facilitate micro transactions. You will find many opinions on the value or importance of micro transactions. However, one of them is that they changed the landscape of the game.

How Will play-to-earn Change the economy of gaming?

Games for Money (P2E) are set to have a significant impact on the in-game economy. In the past, to participate in micro transactions, you used to deposit real money into exchange assets using P2E, you could just play games and earn your way to those items.

This is different from getting or unlocking an item in that you earn money to buy that item. This means you can choose to play game A (because it's easier for you to collect assets), cash them out in dollars, then take those dollars and buy coins in game B (one games that you find difficult).

You can also choose to withdraw money from the game and pay the rent. What this does for the savvy player is create an avenue in which they can supplement either their hobby or lifestyle. All while enjoying their time in a virtual environment.

How do NFTs and cryptocurrencies play a part in P2E gaming?

NFTs are an important part of the P2E ecosystem. Non-fungible means that the token has a unique numerical identifier that is immutable and cannot be copied, replaced, or split when stored on the blockchain.

Authenticity and ownership are verifiable on this blockchain. NFT allows these P2E games to reward players with non-monetary loot that they can collect or sell at will.

They also allow for unique game interactions such as training the only creature of its kind or wielding a sword with stats like no other on the planet.

When it comes to cryptocurrencies, this is one of the ways these games can pay for your game. The various tokens and digital assets issued for in-game actions are usually in the form or exchangeable for cryptocurrencies such as Ether.

This allows you to turn your in-game time into money by exchanging your loot for real-world currency or goods.

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