P2E and Casino games-play to win

P2E games: what are they?

P2E means Play To Earn or Play To Win and it portrays a strand of online games in Frank expansion. The concept is to provide games where the player is rewarded for the time spent playing and for certain objectives fulfilled. So far, nothing new, were it not for these games of the new generation based on blockchain technology.

So what is Blockchain Technology?

The internet as we know it it is highly centralized . Some companies known for tech giants they own a large part of the system and are responsible for its operation. As the internet began to prove to have owners and not to be a free space for its users, the idea of making it more democratic began to emerge.

But how do you do that when the other side has virtually infinite financial power? The answer lies in decentralizing technology and returning decision-making power to users . In short, it is to give them back the rights to their personal data, anonymity and the possibility of owning digital property.

This property it appears in several formats . It can be virtual property in a game, where digital representations of a company or service can be built. It can be a number of cryptocurrencies that represent the ownership of a technology and its future applications. It can be the property rights to an image, as is the case with most NFTs.

In short, blockchain technology allows you to redefine the way the internet processes information. By validating multiple blocks by multiple independent users, you create a high level of reliability and reliability . For users, businesses, financial transactions and even casino games. So let's get back to P2E games and what they represent for the future.

Current and future P2E games

There are already P2E games and even casino games that are based on this model. The principle does not involve money in its original context, but rather rewards in the form of tokens or NFTs . To put it simply, imagine that you can play a few hours in a certain game and it rewards you with a kind of cryptocurrency or an NFT that you can save or even sell in the future.

The concept is not exhausted as in a traditional market. These rewards also serve to take you further in the games, to strengthen your character, give him greater status quo or even a power that is difficult to defeat. The same have a value in the real world , which varies considerably and we'll give you some pretty impressive examples in the next few lines.

Currently, the biggest criticism of P2E games lies in its simplicity . Many of these games have little more than basic graphics engines and a level of gameplay that is far from the games you find on your PC or consoles. They are the beginnings of a trend, so we are sure that so far the evolution will be rapid, if the community grows.

In the casino segment, the P2E concept presents some interesting opportunities. First of all, because the industry itself has a proven interest in blockchain technology. If players feel even more valued by get digital rewards , the sky's the limit. But what rewards are these, anyway?

P2e Casinos: radically change the rules of the game

It's natural for you to play us best online casinos in order to have fun. This is, after all, one of the great appeals of this page and for this our team recommends that you always do it on licensed pages. But what if besides playing for money could you get rewards from the digital forum?

If as a child you liked games in which you collected cards and other elements, the introduction of NFTs is perfect for you. Collectibles rare and highly valuable they are just one of the aspects created in P2E Games. Limited versions or that allow certain benefits are attractive for those who are introduced to this brave new world.

The casino industry not only keeps an eye on trends, but tends to dictate them long before other industries. If the concept of crypto casinos is no longer new, the introduction of digital rewards in addition to cash is taking shape. But do you want to play in a P2E casino in exchange for tokens or NFTs?

Even better: most New Zealand online casino players would know how to process, save or transact these digital goods? It is no coincidence that we are still taking the first steps in P2E casino games. but what if we think about it, are not casino games the true origin of P2E gaming?

The most profitable P2E Games in the world

Before we tell you about the most profitable P2E games in the world, we leave you a warning. These environments are not regulated at all . Its economy is highly volatile, which means that the value that exists at this moment can be annihilated at the next moment. Virtually all P2E games require you to invest your money without any guarantee in return.

How does this mechanism work? Most players use money to buy a cryptocurrency , which is eventually replaced by token tradable of the game. Very often in the form of NFTs. Each NFT can represent a ship in a space game, a hero in an adventure game, a football player, and many other adaptations.

As the economy of these games proliferates, the value of these digital assets varies. You have games like Axie Infinity, The Sandbox, Gods Unchained or titles based on the Decentraland platform. You may have heard of the Sandbox. In spite of its still little elaborated aspect, already attracted brands and celebrities , along with millions of dollars.

The Sandbox

The terms get confused in the Sandbox. In part, because this is one of our first introductions to concept of Metaverse and that makes full use of the technology we mentioned earlier. The premise behind its success? The possibility of any user to own of their creations.

A visit to the virtual ecosystem of the Sandbox is initially a bit confusing. There is a little bit of everything, from companies and brands that you have known all your life, to celebrities like Snoop Dogg . If all this already seems far-fetched, there are even those who pay millions to be this celebrity's neighbor in a purely virtual world.

Brands such as Adidas, Atari or Warner Music Group they join franchises like The Walking Dead, Deadmau5, Rollercoaster Tycoon or The Smurfs in an ever-expanding world. P2E casinos are also already represented, with a large investment made by one of the Giants of the industry, which augurs an interesting future for online gambling.

A Sand Vegas has already designed its casino in the Sandbox, but also buying virtual lots in Decentraland. Lotteries with values up to $250,000 and the promise of many rewards to those who support the project early are just some of the enticing points. However, this project has met resistance from the US authorities.

Axie Infinity

Don't be fooled by the simple aspect of the P2e Axie Infinity game. This business model has already earned more than $1.3 billion to its creators. Thanks to fees applied to the various actions of its community of players, this virtual economy moves truly amazing amounts. However, the initial investment to enter a game and make money is not inviting.

Game have seen higher values , so about $5 converted from the famous ETH (Ethereum) already assigns you an NFT to play. Think of him as a doll, a character in your game. A team of NFTs already provides some income. The bigger your team, the greater the ability to create value, in theory.

There is no P2E casino in this game, so it merely serves as an example to understand the mechanics and risks associated with these free economies. The token of this game, which you can trade as a cryptocurrency, came to be listed near$140 and it's now worth about 10x less. For those who entered the game at this high, the return on investment becomes difficult.

There are several lessons to be learned here for the future of P2E casino gaming. on the one hand, it is proven that players do not mind paying to enter a game if it promises rewards in the medium or long term. On the other, the volatility of these markets it can easily ruin a game's reputation.

Decentraland

In the virtual world of Decentraland you can already find casinos, particularly in Vegas City . As in the Sandbox, the game's graphics still have a lot to improve. If you abstain from this factor and think about the popularity of games like Minecraft, we can assume that the future is bright for this platform.

One of the most interesting experiences of p2e casinos revealed in the form of ICE Poker . Here it is possible to play poker, as the name implies, including the popular Texas Hold'em, Caribbean Poker or 3-Card Stud. To play, simply purchase chips in the casino itself for free. In return, they can earn rewards in the form of the token ICE .

Sounds confusing? In fact, P2E casino games are still a model that raises immense reservations and that they are not always easily accessible for those who have limited computer skills. If the process of playing in some of the best online slots in New Zealand it is extremely easy, doing it in a Metaverse is not yet for everyone.

Provided by Decentraland Games, casino games of this P2E genre are not effectively casino games. Here, according to the premise, you can't lose. Think of it as your usual online casino in demo mode. The difference? You earn tokens for the time you spend playing , but the term free is relative.

After all, to play for these stops, you must own an NFT or find someone to lend you one in exchange for a percentage of your winnings. In a confusing and particularly complex process, just consider that owning one of these NFTS can cost many hundreds of dollars. In our opinion, we still prefer the usual casinos.

Advantages of P2e Casino games

It's not all bad news. Although we are about to see the first online casino licensed on a P2E model, the advantages are already clear. By relying on blockchain technology, these casinos provide some advantages that appeal to most players:

We imagine them casinos of the future in the Metaverse with components taken from P2E games. virtual worlds of enormous beauty and immersion, where we will be able to play the classics and novelties without major restrictions. The road is still long, but it would be fun to play in the best online blackjack in a virtual world full of these ingredients.

The risks of P2E Games in the current model

Although it is interesting to look at the various P2E games, we do not recommend investing money at all. There are several projects that you allow to play for free and you can even wander through the world of the Sandbox without spending a cent. The still relative complexity of accessing these games can leave some players exposed and lead to the loss of funds.

All this because to access many of these games, you need set up a virtual wallet where you can store crypto assets, NFTs and derivatives. It also requires knowledge to perform transactions and conversions within certain dedicated apps, such as Metamask. In short, we still have some way to go to make these games accessible to the majority of players.

One of the main problems that current players face is the need to invest considerable sums to start playing. It is common to see players spending hundreds or thousands of dollars to enjoy the rising phase of a game. As with any business model, the endless pace of growth proves to be unsustainable.

Many of the P2E games are thus penalized for their own success. Players themselves make the ecosystem of the game into a pyramid scheme , where some profit immensely and the rest invest to lose. The same can be said of some less serious developers who lead to the rapid destruction of the game economy after they have made millions.

Therefore, it's important to be very cautious in this embryonic stage of P2E games. check the most solid projects and where the main brands are established, since these are the ones that offer the best guarantees. If you decide to invest to play, we suggest you do as in the casino: do not spend more than you care to lose!

P2E Casino games: are they safe?

Far be it from us to want to offend the fans of this innovative category of P2E games. however, there are certainly some issues to consider. Of course, for being give it to your luck and knowledge, unlike the experience of playing at a licensed online casino. Getting into the world of P2E casino games is also not particularly simple.

You'll have to have some knowledge about how these systems operate. Wallets on the blockchain, tradable tokens and even NFTs. They are distinct concepts that entail certain procedures. For example, to guarantee access to many of these platforms, you need to have a virtual wallet like MetaMask and authenticate your data through it.

Until a few years ago, there were similar concerns when someone tried to find the best online roulette . In an unlicensed market, the options numbered in the thousands, between reputable casinos and plenty of scams. In our opinion, it is necessary to understand the methodologies involved to protect yourself minimally . We remind you that this market is not regulated at all.

O the biggest risk is investing real money to acquire NFTS or tokens that allow you to play in a P2E environment. with the high volatility of these digital assets and many frauds involved, it becomes difficult to know what you can trust and what you should avoid. However, if this world interests you, stick around as it is likely to emerge under more reliable formats.

Frequently asked questions about P2e Casinos (FAQ)

It is natural that you still have a lot of questions about P2E games. this unique category where we include P2E casino games is still taking her first steps in a confusing, technically challenging and decentralized world. It is hoped that in the coming years, more, better and simpler experiences will emerge. Check our answers to the topic or consult other articles about casinos created especially for you.