Play To Earn
Some avenues for earning for a gamer are as follows
In the last couple of years, the Play-To-Earn model has earned a great amount of traction from two major kinds of audiences: gamers and blockchain enthusiasts.
There are three key advantages on Play-To-Earn over traditional games.
- 1.Rewards earnt inside the game can have real-world value
- 2.You can in some cases win voting rights to influence the direction of the company and game
- 3.You own not only your own in-game assets, but also parts of the platform (such as game areas or land) within the game.
Blockchain gaming represents nearly 60% of web3 usage. In July 2022 alone, the sector had almost a million daily active users and saw $857 million in transactions.
At MagicCraft we believe that the model and sector is poised for much greater mass adoption and huge growth, as over the next few years, this Play-To-Earn will become the norm for the gaming industry as a whole.
This is why we focus on a hybrid model of Free-To-Play and Play-To-Earn, to both take advantage of the growing crypto-native interest in the gaming sector while also pushing for mass adoption from crypto-naive gamers.