Why is the Play-to-Earn & NFT Gaming Industry Growing So Fast? | HackerNoon

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'Why is the Play-to-Earn & NFT Gaming Industry Growing So Fast?' futureofgaming megafansesports

Many gamers can recall being chastised for 'wasting’ their time when they were devoted to their computers, gaming all day and night. There's no denying that spending hours upon hours gaming has its downsides, yet what was once merely a pastime has turned into a rich business. Nowadays, gaming has become as much about having fun as it has about making a lot of money.

The majority of gamers, at least those above the age of 18, do not intend to make gaming their new job. At least, not in a practical sense. The amount of money earned at the level of the game's player is nothing like what would be necessary for full-time employment. "In five years, instead of being harvested for commercials or fleeced for bucks to purchase silly hammers you don't own, you'll be playing some on-chain similar game that will be just as exciting, but you'll generate value, and you'll be the harvester," says theNew ways of earning money will undoubtedly emerge as time goes on.

It's evident that gaming psychology has shifted; players want deeper involvement in games, ownership of the assets they've worked so hard to acquire, unique experiences, and the ability to affect the future of gaming. In addition, players are more entrepreneurial than ever before, earning from digital gamification and ownership., which can subsequently be sold or leased out to other players, thanks to blockchain gaming.

This is because a rising number of gamers are turning to P2E games, which reward players with cryptocurrencies and NFTs in return for their time and work.have ushered in a new age of digital economies, where users may create, sell, and exchange in-platform commodities for real money. Under the existing P2E paradigm, this is illogical. Paid incentives are more of a lovely little bonus where players either break even on their investments or even receive a terrific bonus, thus the major reason for a game's success will still be the pleasure.

 

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