Web3 games are rapidly evolving, and you can earn tokens by playing and even moving around. Blockchain technologies enable the growth of the gaming industry for everyone. We must compare earn-to-play and earn-to-move. These two emerging areas have the potential to transform how we connect through video games. Let’s take a look at this fascinating industry.
The future of cryptocurrency gaming
The gaming industry as we know it will change, thousands of people have already joined this wave.
“Blockchain games account for nearly 60% of industry usage, with $857 million in transactions.”
These next-generation games allow players to earn real money by contributing to the game and spending time on it.
What exactly are Play to Earn games?
Play-to-earn games, as the name suggests, financially reward players through intricate tokenomics. Some well-known play-to-earn games include Axie Infinity and Alien Worlds.
Whether you call them play-to-earn, play2earn, or play-and-earn, the fact that you’re playing has something to do with earning tokens. Of course, depending on the economy and gameplay of each game, this can be good or bad.
Traditional gamers, as well as much of the traditional industry as a whole, continue to be strongly opposed to play-to-earn games. Because many of the first blockchain games focused solely on the “earn” aspect, the gameplay was frequently overlooked, and playing for fun simply did not exist.
This is changing as more game studios and developers embrace web3 technologies.
What exactly are Move to Earn games?
Move-to-earn games, which peaked in 2022, combined physical activity with cryptocurrencies. STEPN and Sweatcoin are two of the most popular dapps of this type.
As with other play-to-earn games, you are rewarded financially for using the dapp while recording physical activities.
In addition to the financial benefit, users of these fitness platforms are motivated to live a healthy lifestyle. In the grand scheme of things, an extra over play-to-earn.
However, as beneficial as sports are and as much as a person moves to earn, there is the “to earn” factor to consider.
Move to Earn vs. Play to Earn
Although both play-to-earn and move-to-earn games have grown in popularity in recent months, some concerns about the projects’ stability and strength remain, as is natural in any new industry.
In the vast majority of games where you win for moving or playing, you must first pay to be rewarded. As a result, these projects face a significant challenge in developing a sustainable in-game economy that allows all players to earn, not just early adopters.
When comparing the two types of games, it’s clear that play-to-earn takes it a step further.
There are already blockchain games that reward players and are increasingly worth playing for fun. Metaverse virtual worlds such as Decentraland and The Sandbox are collaborating with global brands and utilising NFTs on a large scale to ensure in-game asset ownership. In these games, earning money is becoming a minor detail.
In contrast, move-to-earn games have far more to prove and must defeat really strong rival web2 apps. The majority of move-to-earn programmes, which struggle to convince their own communities that they are not Ponzi scams, lag well behind the fitness industry in this regard.