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

Ireland News News

Why is the Play-to-Earn & NFT Gaming Industry Growing So Fast? | HackerNoon
Ireland Latest News,Ireland Headlines
  • 📰 hackernoon
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 51%

'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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

hackernoon /  🏆 532. in US

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kate Ferdinand says she had to 'earn my title of step-mum' to Rio's childrenKate Ferdinand says she had to 'earn my title of step-mum' to Rio's childrenUpon meeting retired footballer Rio Ferdinand in 2017, former TOWIE star Kate Ferdinand had to win the trust of the sports star's three children from his marriage to his late wife, Rebecca Ellison, who sadly passed away in 2015
Read more »

Learn & Earn, Solar | CoinMarketCapLearn & Earn, Solar | CoinMarketCapLearn About Solar & Earn $SXP! Details: SolarNetwork is a decentralized community-driven blockchain project focused on creating an ecosystem with true governance. Learn about Solar with CoinMarketCap and Earn $SXP as a reward!
Read more »

Marvel’s ‘Eternals,’ ‘Hawkeye’ Earn Recognition for Disability Representation (Exclusive)Marvel’s ‘Eternals,’ ‘Hawkeye’ Earn Recognition for Disability Representation (Exclusive)The two superhero projects join 'And Just Like That,' 'Ordinary Joe' and 'Only Murders in the Building' as the latest recipients of the Ruderman Foundation's Seal of Authentic Representation.
Read more »

UCLA gymnasts Norah Flatley, Jordan Chiles earn All-America honors at NCAA ChampionshipsUCLA gymnasts Norah Flatley, Jordan Chiles earn All-America honors at NCAA ChampionshipsFlatley earns first-team recognition on the balance beam and second-team honors in the all-around, while Chiles receives second-team recognition in floor exercise.
Read more »

Pete Alonso thriving as Mets’ DH but still wants to play first basePete Alonso thriving as Mets’ DH but still wants to play first basePHILADELPHIA — The results are not changing Pete Alonso’s mind. He wants to play first base, even though he is on pace to become the greatest hitter of all time as designated hitter. The sample siz…
Read more »

Passion of Christ play will return to downtown San Antonio on Good FridayPassion of Christ play will return to downtown San Antonio on Good FridayThe re-enactment of Jesus’ journey to the cross, a tradition going back more than 30 years, hasn't been held since 2019.
Read more »



Render Time: 2025-04-03 20:20:36