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GameFi and P2E: A Revolution in the World of Video Games and Earning

Dec 24th, 2023 at 17:00

šŸŽ® You might have already noticed that a real revolution is happening in the world of video games right now, and it's called GameFi and P2E. What is it and how it helps to earn.

What are GameFi and P2E?

šŸ’ø GameFi and P2E are Web3 projects that allow users to earn money by playing games. These acronyms stand for Game Finance and Play-to-Earn, respectively.

🤯 GameFi are blockchain projects that let users earn money by participating in the gaming process. Yes, you heard it right, playing games!

It's a concept that allows players to earn real money by performing various activities within games. It's a double pleasure: not only enjoying the game but also earning from it.

šŸš€ Key Features of GameFi and P2E Projects

What attracts gamers and investors to GameFi projects? Here are the key features common to most P2E projects:

— Earning while playing: You no longer need to just spend money on games. You can earn while playing them. — Decentralization: Thanks to blockchain technology (especially NFTs), your in-game assets truly become yours. No centralized authority over your virtual items. — Asset uniqueness: Your in-game items can be unique and valued by other players. — Partnerships with real companies: Some GameFi projects collaborate with major companies to provide a unique experience. — Social interaction: The ability to communicate with other players, form teams, and compete for prizes.

What categories of GameFi and P2E projects exist?

šŸ’æ GameFi and P2E projects are diverse and include several categories:

1ļøāƒ£ Free-to-Play: Games that are free to play. They require no investment but offer the chance to earn, for example, by collecting in-game items. 2ļøāƒ£ Play2Earn: These games reward you with real assets for in-game achievements. They allow you to monetize your gaming experience, meaning the more you play and the better your skill, the more profit you make. 3ļøāƒ£ Move2Earn: Earn by moving in the real world. Yes, you can be rewarded for exercising! Anything is possible in the world of Web3 :) 4ļøāƒ£ Metaverse: Games combined into one large 'sandbox', where your activity in one game can affect others. An open world where players own not only digital items but also land plots represented as NFTs.

What are the strong cases for earning in P2E?

šŸ“ˆ There are games where players achieve significant success and income. A couple of cases from the recent past that have provided many players:

āœ… Axie Infinity: One of the most popular P2E games. Players earn in-game cryptocurrency (Smooth Love Potion, SLP) for participating in battles and breeding Axies. Some players, especially in developing countries, have managed to earn enough money to support their families by selling SLP or rare Axies in the market. āœ… Decentraland: A virtual world where users can buy, sell, and develop land plots. Some users have managed to earn large sums by reselling or renting their land plots, especially when the value of virtual real estate grew.

šŸ”„ What projects are relevant now? Partners of OGCommunity

We are enthusiastic about GameFi and are developing this direction with our partners!

Our partners are active GameFi and P2E projects. We value our reputation, so we choose only proven projects where everyone can earn.

šŸ˜‰ By the way, this is an additional opportunity to receive OGC bonus tokens for using partner apps!

Double earning: OGC Tokens + earnings from partner P2E games!

šŸ’° To receive additional tokens every day - go to the Partner Apps section in the OGC App

šŸš€ GameFi and P2E are the future of the gaming industry and blockchain technology world. Join OGCommunity to become part of this exciting evolution and start earning by playing games!