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Home Bitcoin News

GameFi educational program – we understand play to earn games

James by James
February 18, 2022
in Bitcoin News
Reading Time: 1 min read
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How do play-to-earn games work?
Let’s take Axie Infinity as an example.

In order to start playing, the user must assemble a team of 3 Aksi (in-game characters).

You can either buy them. Or rent: the player receives them for free, and then pays with the funds received during the gameplay GameFi .

After, you can start playing. For the gameplay, the player receives a cryptocurrency, which can be:

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1. Sell on the market

2. Submit for staking

3. Buy new Axis

Axi is a non-fungible token (NFT). You can buy several characters, then cross them. And sell the resulting animal. The higher the rarity, the more expensive it is.

From this we draw up a scheme of work “P2E”:
1. Purchase of tokens

2. Gameplay – battles, completing tasks, etc.

3. Cryptocurrency reward

4. Making a profit (staking, selling NFTs)

5. Back to the second point

There are some differences, for example, a number of projects do not require payment for a character – a complete “Free-2-play”. We are currently considering implementing this model in our project Rotgar – RPG with turn-based combat on The Open Network blockchain .

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James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

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