How do play-to-earn games work?

Play-to-earn games rely on blockchain technology, including in the form of non fungible tokens (or NFTs), as the foundation for value creation. An NFT is a digitally secured claim of ownership for a unique, non interchangeable digital asset.

Do play-to-earn games eliminate centralization?

For now, it is worth noting that play-to-earn games do not inherently and fully eliminate the centralization found in games: they still require the authority of the publisher to define, issue and constrain the asset that eventually is traded as an NFT.

Are play-to-earn games the future of gaming?

Play-to-earn games could bring digital identity, assets, and ownership into players’ hands as the gaming industry is becoming decentralized. This is how modern video games may introduce new paradigms that lend themselves to a wide variety of emerging digital environments and forms of value creation.

Why are 'play-to-earn games' becoming billion-dollar companies?

In addition, ancillary ‘ scholarship platforms ’ like Yield Guild Games, which enable and educate players in emerging economies to participate in play-to-earn games, have attracted major investment and themselves become billion-dollar companies in a matter of months—eclipsing many of the most popular video games in value.