Play to earn play games to earn money

Recently, the development trend of Gamefi platforms with the explosion of Play to earn games such as Axie Infinity, Elemon… is attracting a lot of players and investors. The truth about Play to earn – play games to earn money.

What is Play to Earn?

Play to earn (P2E) is a new business model of the game market where players can get financial benefits from playing the game and increase the market value of this game. This model was developed with the introduction of a series of NFT . game like CryptoKitties or Axie Infinitiy.

P2E is considered to bring a lot of potential for the future of the gaming industry. In the past players had to pay to own a game. Later, a free-to-play form was born, players could join the game for free, but would have to pay extra for in-game accessories.

In the past, it was usually only game makers and investors who benefited. With P2E, game players also receive economic benefits when they spend time and effort playing games. However, depending on the game, participants also have to pay a fee before playing.


How do Play to earn players make money?

NFT game can be understood as a combination of normal video games and NFT. Unlike traditional games, encoding in-game products into NFT helps turn it into digital assets, which are exclusively owned by the gamer, not the game company. From there, players have the right to exchange and buy NFTs through in-game exchanges.

Encrypted items will also be based on different game mechanics (card collection, breeding, unlocking, etc.). For example: Game CryptoKitties generates new NFTs by breeding other cat NFTs together. With Gods Unchained, which works similar to card games, these cards will be converted to NFT and exchanged on the floor.

In a nutshell, similar to the way we buy and sell NFT works, the P2E model allows players to earn digital money through buying and selling, exchangeable, capable of converting into real money (fiat currency).

Terms related to Play to earn

NFT: Non-fungible-tokens, a code that cannot be replaced, contains a digital asset.

Coins: Cryptocurrency is built on the Blockchain platform.

Tokens: Cryptocurrencies are however built on the Blockchain of an existing cryptocurrency (like ERC-20 is built on top of Ethereum’s Blockchain).

Cryptocurrency wallet: Cryptocurrency wallet, a place to store, swap receive and send cryptocurrency. Each wallet will have a different key code called private key.

Digital assets: Digital assets, existing in cyberspace.

Challenges to overcome when participating in Play to earn

Conditions to play the game

Although expectations are quite high for on-chain gaming, there are still many barriers from a player’s perspective.


The first time I tried to download Axie, to be eligible to play (with 3 pets) I lost more than $700, but with this $700 I only received the weakest pets. Trying to play the game CryptoBlades also costs me about $300/account, this amount is relatively if not too high for ordinary players.

To move into the mainstream and reach more players, monetized gaming should learn from traditional game models:

  • Anyone can join.
  • Almost completely free or just a low cost.
  • Monetization can be flexibly integrated in the game.

The currency in the game should not fluctuate too much like current games (similar to Aavegotchi with the bonding curve model) to keep the GHST price stable and difficult to pump as strongly as Axie or My Neighbor Alice, ..) .

Infrastructure for gaming

Axie using layer 2 Ronin is clear proof that developing games on Ethrereum is not a good idea.

To handle a large amount of transactions, and provide a smooth and low-cost game experience, the current Ethereum Blockchain is completely inadequate. No player wants to spend tens of dollars and wait a few minutes for a transaction to play a game.


With my own gaming experience, I realize that there is still a pretty big gap between on-chain games and traditional games. Only a few titles have outstanding visuals and engaging gameplay.

In short, gameplay will be something to improve if you want to really attract players, not just stop at normal speculation.

See also: Make money from Airdrop, here.

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