Play-to-Earn games are video games in which the player can earn rewards of real value by completing activities or reselling something earned in a computer or mobile game. These can include in-game items such as weapons, possessions, wearables, loot, and skins that allow players to customize their characters with new outfits and gear. Play-to-Earn games use blockchain technology to create these game items and rewards that are also demonstrably unique and transferable.
These rewards can include native digital currencies that can be traded outside of the game, the collection of NFTs that can be exchanged for in-game or out-of-game currencies, and in some games, players can earn by staking for the game. These games have raised concerns in some that they are a "house of cards" compared in some cases to fraud schemes driven by hype and speculation. However, players of the popular play-to-earn game Axie Infinity have already been able to earn a small income. For example, a player in Vietnam was able to earn the equivalent of € 136- € 170 per month by playing two hours a day.
However, outside of gamers working to use play-to-earn games as their primary source of income, most play-to-earn games offer the ability to engage in an activity that many users will already engage in. , but they earn equally once. Additionally, many of the games are designed to allow players to play without worrying about earning revenue. Play-to-earn games have also spurred engagement with cryptocurrencies and blockchains, as players can participate in the game without prior knowledge and knowledge of these technologies to properly interact with games.