Play-to-Earn and Play-to-Own: Differences and Similarities
Blockchain games are exciting and profitable, so there’s no doubt that they will stay with us long. They are a great help for anyone who wants to get acquainted with the sphere of digital finance and, at the same time, spend time with fun and real life use. On the other hand, the play-to-own model is developing and increasing opportunities for its participants.
To use crypto games effectively, it’s necessary to find out what makes the play-to-earn model special. Plus, to be aware of how it differs from other playing schemes.
What Does Play-to-Earn Mean and What Are Its Peculiarities?
The play-to-earn scheme has attracted a great number of investors and VCs along with players. P2E is completely different from the conventional model, where you have to pay to play. In contrast to the new generation blockchain games, these old pay-to-play games require investments before they even try to play. In addition to this, all items purchased or exchanged in it are the property of the company that made the game. Most of them don’t offer gamers any money.
Now, let’s see what makes P2E better is its profitability. Fresh rains of revenue are offered by such game creators to those ready to make upfront investments and explore the virtual metaverse.
This scheme is interesting because players can fully control their digital assets, purchase, upgrade, and sell them for real-world money at any point when they find it profitable. They can do whatever with their digital property that technically takes the form of NFTs. Starting to buy these game properties is easy even for beginners, as it just needs you to have some crypto in a wallet. Coins can be bought at any exchange that supports various coins and tokens and performs conversions such as DOGE to ETH.
Such worlds also provide an open economy for creating autonomous on-blockchain games.
This kind of open market will create more interest in making contributions in the form of time and effort.
What is more, blockchain games let you make your own decisions, unlike the typical old gaming model. The latter lets you decide between a few limited choices.
Similarities of Play-to-Earn and Play-to-Own Games
Now, it is clear that both are built on a blockchain and offer plenty of earning opportunities. In them, players determine how valuable the asset is and is going to be. At the same time, the play-to-own model includes the play-to-earn mechanism, so these concepts aren’t mutually exclusive.
How Does the Play-to-Own Model Differ from P2E?
What concerns play-to-own gaming, it offers even wider opportunities. With the chance to unlock more rewards when proceeding through the virtual world and completing tasks, players get chances to buy pets and weapons. The main difference between the P2E and P2O is that in the play-to-own model, all virtual items purchased by players carry value. The reason is that they can be resold either on a marketplace or through a peer-to-peer transaction.
How to Start Playing the Most Attractive Blockchain Games?
All crypto metaverses require slightly different steps for entering them. The main thing to do before becoming a player is to get a crypto wallet and stuff it with the cryptocurrency that is the native one for the specific blockchain that the game is built on.
Some good wallet options to install are Trustee Wallet, Coinbase, Binance, or Crypto.com.
The next step is to buy some cryptocurrency. Purchasing Ethereum or Solana is very easy at popular and reputable exchange platforms. They include LetsExchange.io, where a lot of crypto pairs, starting from LTC to DOGE and finishing with Ethereto Solana, can be exchanged. We recommend exchanges as newbies can also buy crypto for fiat there.
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