What Are Play to Earn Tokens?
Cryptocurrencies and gaming have come together through the introduction of crypto pay to play tokens. These tokens are increasingly becoming a popular way for gamers on blockchain games to earn money. Play to earn tokens are usually non-fungible tokens, or NFTs, that allow users in a game to earn more cryptocurrency by participating in the gameplay.
The business model of play to earn games relies on gamers wanting to play games not only for the sake of the gameplay, but in order to earn real financial rewards from interacting with the game. For example, a blockchain-based play to earn game can have tokens that can be used within the game itself, but could also include governance tokens, which can be used to shape the development of the platform.
Some of the more popular play to earn crypto games include Axie Infinity, Decentraland, The Sandbox and MyNeighborAlice, among others. Some of the most popular ways to earn money with tokens and coins in blockchain games is by staking them.
However, play to earn coins are not just ways to make money on the side as a gamer: as NFT use in gaming has increased, people are beginning to use play to earn coins as a real way to earn income, particularly in countries with a low percent of the population banked.
