Play to Earn Games: The Hidden Potential in Crypto Gaming.
One of the most significant reasons behind Play to Earn games massive popularity is its model where everyone can earn real money while playing games. That sounds idealistic, isn’t it?
Despite the severe criticism from the traditional video game industry as well as players, many others have embraced crypto gaming. And the most prominent reason is the potential it has for players to make it as a monthly income stream.
Crypto and NFT gamers have the potential to earn up to $100 per day (and higher). It all depends on the amount of NFT’s a player has and the game he or she is playing.
Today there are several games in the market, for example PEGAXY, a horse racing and breeding game, Farmers World, Axie Infinity, and, of course, the Sandbox.
Above mentioned games have shown tremendous transaction statistics lately. Axie Infinity is leading the pact by a huge margin.
A recent survey conducted in the Philippines suggested that 32% of the respondents said that they would quit their day jobs to play and earn via NFT games. This is an overwhelming number that is ready to quit regular jobs to earn via NFT games.
However, the survey result isn’t surprising, according to John Stefanidis.
“Many are ready to quit their other jobs to play NFT games instead, as they could potentially be earning the same, if not more from playing NFT games.”
One such crypto gaming enthusiast said, “Many are ready to quit their other jobs to play NFT games instead, as they could potentially be earning the same, if not more from playing NFT games.”
He further added, “I think I will have enough courage to leave my job to pursue blockchain gaming once the P2E ecosystem has become mature and sustainable.”
The year 2021 was spectacular for blockchain gaming given the revenue generated by NFT games was over $2 billion in the third quarter. The NFT trading volume accounted for more than 22%.
With such massive trade volume and revenue generation, blockchain games bring a solid opportunity to establish a stable income stream.
A considerable chunk willing to switch to blockchain gaming from their full-time jobs has another reason attached to it. The Philippines economy is struggling and people make on average 500 USD as a fair wage by doing full-time jobs.
But blockchain games provided the same amount of money or even more to the gamers by doing very little.
This shift in working style and economy led to many wanting to prioritize blockchain gaming over their regular jobs.
I would recommend you read this Bloomberg article “Argentines Flock to Crypto Games as Economy Eats Up Salaries“.
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