Play-to-earn games (P2E), also known as GameFi is a combination of games and decentralized finance that is rapidly transforming the gaming industry and is widely recognized as the biggest trend in the blockchain world right now.GameFi's goal is to compensate gamers for participating in blockchain-based games and completing in-game tasks. Gamers are typically rewarded with Non-Fungible Tokens, the gaming platform's native token, and other special items that they may exchange with other gamers.Play-to-earn games driven by Non-Fungible Tokens are transforming the gaming industry, with many players now getting rich playing games like Axie Infinity, Automish Token (ATA), and Gods Unchained (GODS).The endless possibilities of <a href="https://www.builder.news/sub-category/play-to-earn" alt="Builder.news Play-to-earn" title="Builder.news Play-to-earn" target="_blank" rel="" class="">play-to-earn games</a> and NFTs have attracted the conventional gaming industry, with the likes of mobile gaming giants such as Ubisoft, stepping into the scene.Ubisoft has indeed revealed plans for Ubisoft Quartz, which will be built on the Tezos blockchain and will be an interface that enables gamers to attain and pay for NFTs.More so, an increased prevalence of blockchain initiatives are looking into the play-to-earn market, including The Forgotten Rune Wizard Cult and the prominent NFT avatar series Bored Ape Yacht Club to mention but a few.<img src="https://cdn.builder.news/news/11ecf2ca2d0d29a2a8e6023f659fee92.jpg" alt="play to earn game" title="P2E - A new way to earn" width="600" height="401"><h2>What makes play-to-earn games unique?</h2>Unlike traditional games, where in-game objects are stored on closed servers and owned by the game's creators, the NFT-backed play-to-earn games allow users to own the unique properties they buy.Likewise, if someone acquires an NFT, they can freely sell it outside of the outlet where it was attained, which isn't possible with traditional games.This implies that NFTs symbolizing in-game objects can be purchased and sold on any NFT marketplace for fiat currency. These NFTs have real-world value since they are limited. Hence gamers do not only derive pleasure from playing the games they love but can also earn money in the process.<h2>How can you benefit from play-to-earn games?</h2>If you intend to utilize your gaming skills to earn money, you may need to know that not all play-to-earn games are the same, each of these games has its own set of rules as some games may demand an initial investment, while others will be available for free.Also, the rewards you earn for playing may be a cryptocurrency, an NFT, or an increase in the value of an in-game asset or NFT you may have already acquired. Nevertheless, play-to-earn games are, on the whole, a promising idea if you intend to make money while having fun.The financial benefits will vary depending on the game you intend to play and your gaming ability, but it's vital to understand that generating money with NFTs demands tremendous prudence.<img src="https://cdn.builder.news/news/11ecf2ca2d0d36a2a8e6023f659fee92.jpg" alt="NFT" title="NFT" width="600" height="400">To make play-to-earn games a more profitable venture you can sell the NFTs you earn from play-to-earn games on an NFT marketplace. It is also important to note that before you can begin to make money from some of these games, you may need to purchase some NFTs from an NFT marketplace before you will be granted admission to play the game.Due to the volatility of cryptocurrencies, and other digital assets, you should be mindful of games that need early investments.&gt;&gt;&gt; Check out:&nbsp;<a href="https://www.builder.news/crypto-insights/top-play-to-earn-games-in-2022-you-dont-want-to-miss-wDASP" alt="top play to earn game" title="Top play-to-earn games in 2022 you don't want to miss" target="_blank" rel="" class="">Top play-to-earn games in 2022 you don't want to miss</a><h2>Play-to-earn in the Metaverse</h2>The metaverse is a blockchain-based digital environment that may be accessed via a range of outlets, including smartphones, desktops, and wearable tech.The quintessential shape of the metaverse, on the other hand, would be a 3D landscape or a digital reality that is linked to many other digital spaces, producing a virtual world through which people commute with a single authentication mechanism.Regarding the ubiquity of NFTs and cryptocurrencies, discussions concerning the metaverse and the play-to-earn gaming paradigm are seriously trendy right now.NFTs help to facilitate the concept of play-to-earn in the metaverse, as they can be used to create in-game items with a real-world value in Metaverse-backed gaming applications.<img src="https://cdn.builder.news/news/11ecf2ca2d0d3bb6a8e6023f659fee92.jpg" alt="Play-to-earn in metaverse" title="Play-to-earn in Metaverse" width="600" height="400">These NFTs can be redeemed for real money by players who acquire them through games, and as more people learn to play the game and desire to buy a piece of it, the value of the NFT will surge.With the debut of the play-to-earn concept, all of the crypto assets a gamer holds inside the game are yours to do with as you choose. You can also resell them on other platforms.For example, a gamer may possess a one-of-a-kind in-game asset that is entirely theirs and not controlled by a centralized game corporation. To make additional money, gamers can choose to trade their NFTs on decentralized marketplaces.<h2>Conclusion</h2>For participants, blockchain-based Play-to-Earn games have devised a revenue-generating strategy, as the time you devote to playing games can be used to generate an additional stream of income for them.This enterprise is still in its early phases, but it is rapidly expanding. Due to the volatility of cryptocurrencies, and other digital assets, you should be mindful of games that need early investments.In my opinion, it is reasonable to assume that playing blockchain games to earn money is the next big thing in the gaming industry.What's more? It would be incredible if you can somehow make a decent amount of money while having fun.Content by&nbsp;Sa*****koviczs@gmail.com(Builder.news Writing Contest)<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

Play-to-earn games provide an intriguing way to gain more money!

Play-to-earn games: A new way to earn