Everything you need to know about P2E gaming
Play to Earn (P2E) games work on the premise that people can play online games built on blockchains and earn rewards paid out in crypto. These rewards are in the form of in-game tokens or NFTs, which can be traded in for fiat currencies or used within the gaming ecosystem.
The current state of P2E crypto gaming
During 2021, Axie Infinity had an NFT trading volume of 4 Billion USD making it a top performer. here are also a total of 57,423 NFTs and 17,171 tokens on 45 blockchains and more than 52 genres of play.
Play-to-earn benefits
From a player’s perspective, P2E games provide an opportunity for them to earn money and rewards for doing what they enjoy. They also are able to securely hold their in-game items with verifiable ownership, thanks to the blockchain.
The future of crypto P2E gaming
With up to 1 billion active gamers worldwide, this number is expected to reach 1.3 billion in 2025. But, the market is expected to grow at a compound annual growth rate of 32.56% between 2022 and 2027.
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