P2E Gaming 101: A Beginner’s Guide to Making Money While Gaming

The gaming industry has come a long way, accounting for technological innovations and internet evolutions. Games have always been an integral part of every human being, irrespective of age. Tracing back the evolution of video games will lead us to 8-bit video games to Need For Speed to the current digital era’s P2E games. 

The advent of blockchain and NFTs has greatly helped businesses and industries to reshape the working mechanism of industries to a greater extent. In fact, the incorporation of blockchain technology and various Web3 aspects has made businesses perform more effectively and efficiently. 

While the incorporation of blockchain technology has revolutionized various industries gaming industry is no expectation. Moreover, the gaming industry has been one of the first industries to try and test out new technological developments. 

Why P2E Games Are Better Than Traditional Video Games

P2E gaming platforms are way better than traditional gaming platforms, not only in terms of revenue generation but also with regard to game dynamics and gameplay. After gamers realized the positive aspects of P2E games, the adoption rate of P2E games has skyrocketed since. 

However, even purchasing some traditional games requires some money to be spent, but spending them to purchase P2E game assets can enable gamers to have the opportunity of generating revenue from in-game earnings.  

In addition, apart from in-game earnings, there are also other sources for a gamer to generate passive income from the P2E gaming ecosystem. The best part for a gaming enthusiast is that if the gamer wishes to stop playing the game and switch to other gaming platforms, he or she can sell all the gaming assets on the NFT marketplace for game assets to make profits and switch to another platform. 

Revenue-Making Opportunities From Various P2E Games

Gamers have wide avenues to generate revenue from P2E games, and some of the prominent revenue-generating methods are mentioned below in this blog. 

Trading NFTs

Trading NFTs on dedicated NFT marketplaces can be a great way for gamers to generate revenue. Gamers can trade in-game assets as NFTs for many purposes, including character upgradation, trading for profits, and much more. 

In-Game Earnings

In-game earnings are the common way gamers generate their revenue. In-game earnings can be generated from accomplishing tasks, goals and winning matches against other players in the P2E gaming platform.

NFT Renting

NFT renting is another avenue for players to earn passive income from the NFT assets they hold. Gamers can lend their NFTs to other players via listing NFTs for rent on the NFT marketplace for a fixed timeline. Players who are lending their NFTs can get the money upfront before the renting period starts, and the NFTs will automatically return to their wallets once the renting period ends. 

Upgrading NFTs

You might wonder how upgrading your NFTs can generate revenue. Upgrading NFTs increases the power and rarity of the gaming asset. Upgrading will create a demand for your NFT asset, making it rise in value and popularity. 

The Best Time For Gammers To Jump Into The P2E Space

The current time is the best time for gamers to switch to a robust gaming model. According to Globalnewswire, “According to the latest research study, the global blockchain gaming market size & share is anticipated to be valued at approximately USD 5.41 Billion in 2022 and is projected to hit a revenue of around USD 1,020.02 Billion By 2032, at a CAGR of around 68.9% between 2023 and 2032.”

In addition to the potential of the P2E market heights to reach great heights in the near future. The current market capitalization of GameFi Tokens has reached more than 22 billion U.S. dollars. With expanding P2E market, the market capitalization of GameFi tokens will also expand in manifolds. This creates the perfect opportunity for gamers to play P2E games and earn and stake coins to make their fortunes as the market expands. 

Summing It Up

The advent of blockchain and NFTs have played a crucial role in changing the way games are played. In addition, the incorporation of these latest technologies has paved the way for gamers to generate revenue from the P2E Gaming Platform.  With a lot of potential exponential growth of the P2E market is expected to witness in the coming years makes, the current time is the best for gamers to play these revenue-pouring P2E games.