Best P2E Games

PlayDough Receives Funding

PlayDough Receives Funding

Game Review 

PlayDough Technologies, and its Play to Earn Games Raises $2 million in funding round.

The funding round was led by a London-based venture capital firm, Westridge Markets. PlayDough Technologies is yet another game based on NFT and blockchain technology that is famous in more than 30 countries. The game uses the newest gaming business model; play-to-earn.

PlayDough Play To Earn Games Receives Funding
PlayDough Play To Earn Games Receives Funding

The gaming business model has come a long way from play to play to free to play to play to earn. The newest revenue model allows developers to create a metaverse where the in-game accessories and characters are NFTs on a blockchain.

Users engage in a transaction of NFTs and control the economy on their own with developers taking a small amount of commission. Users then play the game to earn rewards (in-game cryptocurrency) which can be redeemed on exchanges for other cryptos or USD.

PlayDough Technologies is making life easier for gamers residing in developing countries. Play to earn games requires NFTs which can cost from a few hundred to thousands of dollars.

This leaves players from developing countries unable to become part of a play to earn economies. Play Dough creates ease for such players as it is an investment firm as well as a community actively engaged in creating a portfolio of gaming NFTs.

Players can use PlayDough’s NFT’s and generate yield for themselves as well as for PlayDough.

PlayDough Play To Earn Games Receives Funding
PlayDough Play To Earn Games Receives Funding

PlayDough Technologies co-founder, Mehul Khati, said, “We have built valuation models, breeding strategies, and training programs for our community to be able to generate the highest yield possible.

While Axie being the most advanced game in the play-to-earn space remains the focus for Play-Dough, it has already started building inventory in emerging games from Sorare to Gods Unchained.

Star Atlas on Solana and Moonray on Stacks are showing early signs of a cross-chain universe that Play-Dough is planning to build on.”

Play to Earn Gaming News

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PlayDough Receives Funding

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Legends Reborn – Game Review

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WaveLings – Game Review

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Best P2E Games list 2024

PlayDough Receives Funding

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.