The play-to-earn concept is new gaming category that monetize the gaming experience of players, this gaming idea rewards players for winning battles and completing gaming tasks with tokens or other cryptocurrency-based rewards that are free to use in the games or trade on an open market. This is a trail-blazing concept that is shaping the gaming world, which makes it difficult for in-game assets difficult to be spent outside a centralized platform.

An NFT is a unique and verifiable representation of a physical or digital item on a blockchain. This technology allows important concepts of physical ownership, such as provenance and authentication, to be transferred digitally. In video games, NFTs gives gamers the opportunity to make their in-game assets useable with a range of different games and platforms

In NFT games, gaming assets are owned by the players, not the developer. These NFTs may include characters, plots of virtual land, weapons, and other things. These NFTs can be used inside blockchain games to earn yield in the form of tokens or other rewards, which can be used in-game or traded on an open market for other cryptocurrencies or fiat money.

In decentralized game economies, there is an entire ecosystem of players who buy, sell, and trade in-game items between each other. They are able to do this because NFTs and cryptocurrencies provide the players with digital property rights for their in-game assets. Thus, the players actually become part-owners in the game and get to share in the value that the community creates.

The most popular play-to-earn game, Axie Infinity, it is a card-based strategy game. We also have plans of partnering with various play-to-earn games like car racing F1® Delta Time and REVV Racing, virtual worlds such as The Sandbox, RPGs such as Guild of Guardians, MMORPGs such as Ember Sword, and the grand strategy and space exploration game Star Atlas, among others.

It varies from game to game. Players can start with as little as US$20 in some games and upwards to US$1000 in the more expensive games.

The increasing cost of NFTs have made NFT games cost-prohibitive for some players. Scholarships are revenue-sharing designed to help new players compete in the play-to-earn space by renting NFTs to them so they can play the game without having to spend any money. Any in-game rewards gotten from the use of the NFTs are shared between the player and the owner of the NFT, with the player taking the largest cut.

A guild is a community of players who regularly play together and collaborate for mutual benefit. AGG is a gaming guild that coordinates players around Africa with the sole aim of earning crypto-based rewards in play-to-earn games, and ultimately, improving their lives. It also invests in NFTs, such as in-game assets and virtual land, and makes them available for guild members to borrow. AGG is made up of different community members, players, and contributors who help each other get ease in to the play-to-earn space and earn income through play-to-earn.

Some Filipinos were able to earn two to three times the local minimum salary by playing the play-to-earn game Axie Infinity. However, the amount of money is hinged on several factors like the player’s skill, how much time they spend playing the game, their win rate, and the price movements of in-game tokens and assets on the open market. Many people play NFT games to supplement their income

A mobile device or laptop/PC, internet connection, crypto wallet, and the NFT asset required to play the NFT game.

Participating in NFT gaming comes with a certain amount of risk, so beginners are advised to DYOR (do your own research) regarding how to use crypto safely, securely, and responsibly. BitPinas, the Philippines’ leading cryptocurrency news publication, created an guide on how to secure your play-to-earn accounts and crypto wallets. Read it here.