Blockchain-based games have become widespread in recent years. These include Pay-to-Play and Play-to-Earn. Each of them has its own characteristics and rules that players need to know. Read this article for more details on this.
What Are Pay-to-Play Games and What Are Their Main Features?
Pay-to-Play strategy requires a user subscription. That is, in order to have access to the entertainment world, the player regularly pays a subscription fee. This model is most often applied to serial games. Before launching a Pay-to-Play development, creators invest heavily in its promotion. An example is World of Warcraft from Blizzard. The success of this project was predetermined. Firstly, the game was highly anticipated, and secondly, its developer is a company with a big name. The result – 13 million players monthly pay 10-15 dollars for access to the game.
So, the main feature of this model is that it implies a monthly payment. You will not be able to enjoy the entertainment for free unless you can access the limited version. Permanent access requires a regular subscription payment, which can be purchased for both dollars and cryptocurrency. If necessary, you can exchange coins, for example, such as ETH to BTC, BTC to BCH, etc., on a secure online platform LetsExchange.
As a rule, there are no advantages of playing for real money in the case of using the Pay-to-Play model. Developers, on the contrary, receive a stable and predictable income.
Play-to-Earn Model: Everything You Need to Know
Play-to-Earn includes video games where the player can earn NFT rewards with real value. Non-fungible tokens (NFTs) are cryptographically unique tokens that can be used to prove ownership of content such as images or music. Through NFTs in blockchain entertainment, users can become owners of in-game items such as plots of land or virtual clothing.
Unlike regular games, where items are stored on isolated data networks and owned by the companies that created the entertainment, NFTs allow players to own unique assets that they purchase. What’s more, once you own an NFT, you can freely sell it outside of the platform it was created on, which is not possible in regular types of games.
The most striking example of Play-to-Earn is Axie Infinity. This is a Pokemon-style monster-fighting entertainment. It was released in 2008 by indie studio Sky Mavis. The task of the players is to collect cartoon creatures called Axis featured in the NFT. Each Axie has strengths and weaknesses. Players can:
- Earn crypto tokens as a reward, etc.
NFTs representing in-game items can be exchanged for fiat currency on any NFT market. NFTs have real value as most of them are scarce. Blockchain technology allows users to make transactions quickly and securely, wherever they are. Therefore, you can transfer value and receive payment, regardless of your location. In case of transactions with cryptocurrencies and the need to exchange BTC to USD, ETH to USD, Solana to USD, etc., you can visit an instant cryptocurrency exchange and perform all the necessary conversions.
So, Pay-to-Play and Play-to-Earn are entertainments that use blockchain and NFT technologies. Pay-to-Play is a way of distributing computer games characterized by the presence of a monthly subscription fee. The project requires the player to constantly pay a certain amount of money in order to continue being in the game and save progress.
Play-to-Earn is a business model, a method of distributing computer games that allows the user to gain a gaming experience without depositing money but with the possibility of making a profit. The model embraces the concept of an open economy, allowing players to contribute to the game world and receive financial benefits in return.