Video Gaming And Earning/Gamer Hub
Playing video games has typically been seen as a passive pastime with little future for financial gain. The more significant number of the people involved in the gaming industry, virtually everyone who is not a high-tier genius and makes money from tournament winnings or streamed revenue, prefer to view it as a pastime.
Gamers Hub: Is It profitable?
Anyways, with the worldwide video gaming market now valued at almost 300 billion dollars, gamers are now looking to find new avenues for monetising the passion they have. And because of the fame of "play-to-earn" games, this lifelong dream is coming to fruition.
However, a few games stand out from the crowd in terms of fame and revenue amassment.
-Axie Infinity is one of the most popular play-to-earn games.
-Defi space is a famous P2E game. Players can use their NFTs to play with animated animals in Aavegotchi
-Assassin’s Creed and Far Cry also plan on introducing P2E.
In Video Gaming, Define “Playing-to-Earn”?
Playing-to-earn in video gaming, also known as P2E, is a catch-all phrase for a group of video games that lets users make real money while playing. These revenue sources are frequently made available by the video games' use of blockchain.
Video game developers also use blockchain technology to create exceptional and movable items in the game. These might be an NFT that is well-known or even money that is exclusive to that game.
NFTs are created in video games where the players can move their coins into a cryptocurrency wallet and exchange them for real money, like Canadian money. NFTs can also be sold to other players or investors in the games.
How Does The Gaming Community Receive This Playing-to-earn Phenomenon?
Despite plenty of interest from people who support blockchain technology in seeing how the video game world responds to it, other gamers have expressed opposition to the thought of cryptocurrencies being integrated into their world.
On Reddit and most social media sites, gamers voiced their anger with the Ubisoft NFT news when it was revealed, speculating that it would make the quality of the games wrong.
The hub for players that love cryptocurrency is the Ubisoft news. There have been many additional games with illegal ways to swap stolen currency for real money. For instance, some well-liked games included an exclusive auction house for players where players could earn real money. Playing-to-earn supporters have noted the closeness between the structure and ideas from pre-existing games.
P2E proponents assert that technology can make gaming as a source of income acceptable in various situations, such as the selling of stolen currency acquired by gamers inside the game. Unquestionably one of the fastest ways to generate money from video games compared to the complicated ways of becoming a genius gamer.
Conclusion
Working for money while playing video games is a great and effective way to engage young people. Young people can now use their smartphones to generate money.
Whatever your opinion of "playing to earn" is, it is evident that it will have a significant impact on both the video game industry and cryptocurrency. What is asked here is not if or not cryptocurrencies will be used in the next era of gaming but how they will be used and when?
USEFUL LINKS
Website: https://www.gamer-hub.io/
Whitepaper: https://gamerhub-1.gitbook.io/gamerhub-whitepaper-v1/
Telegram: https://t.me/GamerHub_group
Twitter: https://twitter.com/Gamer_hub_io
Medium: https://medium.com/@gamerhub_io
Discord: https://discord.gg/bf55jRWtFz
AUTHORS DETAILS
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