The P2E gaming industry is one of the most robust markets in the Web3 space. According to Globalnewswire’s latest report, it is mentioned that “According to our researcher's latest study, due to the COVID-19 pandemic, the global Play-to-Earn NFT Games market size is estimated to be worth USD 776.9 million in 2021 and is forecast to a readjusted size of USD 2845.1 million by 2028 with a CAGR of 20.4% during forecast period 2022-2028.”
Why P2E Gaming Platforms are Lucrative
P2E gaming platforms have evolved into a more lucrative gaming model than traditional gaming platforms in recent times. The incorporation of blockchain technology and Non-Fungible Tokens has been the backbone of the success of P2E games. NFTs have enabled players to own unique in-game assets like no other player in the gaming platform. Users can collect these in-game assets (NFTs) from NFT gaming marketplaces to participate in the game and make lucrative crypto earnings. Unlike traditional gaming platforms, the asset which a player owns can be sold or rented to other players on the platform. This creates an additional income stream for gamers apart from in-game earnings, which serves as a passive income. Play-to-earn gaming has enabled both players and developers to make profits which were not possible in conventional gaming.
Summing It Up
P2E games and their NFT gaming marketplaces are expanding at an exponential phase. Moreover, in the coming future, the market is set to reach colossal heights. This creates a perfect opportunity for gamers to make huge cash rewards from robust gaming platforms.
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