Play-to-Earn Games Explained
(Source: VentureBeat)
What is a Play-to-Earn Game?
Play-to-earn games are a new form of a game that rewards players with in-game currency for playing. These games are usually free to play and the player is given virtual currency for completing certain actions or tasks.
The gameplay itself can be straightforward, almost identical to a standard game. Once players gain enough currency, they can purchase in-game items that may make gameplay easier or more fun.
For example, play-to-earn games often allow players to purchase different outfits (skins) or physical features for characters when given enough play cash. Users are able to customize their avatars by giving them unique styles.
Are Play-to-Earn Games Legal?
Since play-to-earn games are play-based, they have created some controversy in the gaming community. Some gamers believe that play-to-earn games mimic play styles seen in gambling, which is illegal for minors. However, many play-to-earn game creators state that their games do not promote anything like gambling because play is not wagered with real money.
Can I earn crypto by playing games?
Yes, certain play-to-earn games that use cryptocurrency as prizes allow users to earn virtual currencies by playing games. For example, players could play a car racing game and be rewarded with a number of play tokens or virtual goods.