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How Do P2E Metaverse Games Make Money? - Gaming - Nairaland

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How Do P2E Metaverse Games Make Money? by amryttmedia(m): 1:20pm On Aug 12, 2022
In today’s aeon, we already know how people earn through P2E games. But, if you’re still wondering about how do p2e games make money, then read through this article. In this article, we have covered the major income sources of the metaverse games.

Towards the end, you will also come across the working of P2E crypto games and why people still love playing such games.


What are the majorincome sources of P2E metaverse games?

Soon after releasing a P2E metaverse game, the entire team seeks many opportunities to earn money for the company. So, let’s check out the income sources for such games.

Various Chest Systems:

When the players have earned ample currency, they can browse the marketplace to check out some items. This virtual marketplace is nothing but a chest system that comes along with the P2E game. As soon as the player goes through the marketplace, they can think about purchasing different types of characters, pets, artificial dust, and all kinds of currencies.

On the other hand, the player will not come across the same chests because they differ in rarity. But, if someone is planning to purchase something from the marketplace, the rarity will always matter most.

Character Leasing:

Most of the time, the metaverse games always adopt character leasing. While the players come across this revolutionary way to capitalize, the feature enables them to lease out some characters. This means the player can think about renting the character to another player.

As soon as they grab the character, the players have to give a certain percentage of their earnings. A bit later, as the renter gains ownership for some time, they can use the character and earn soft currency.

But, before renting the particular character, the owner determines the currency ratio between him and the renter. The owner will also consider the period he wants to use the character.

ICO and in-game currency:

If you’re new to the word ICO, it stands for Initial Coin Offering, and it is synonymous with Initial Public Offering. So, in today’s world, whenever a business needs funds to accelerate growth, they can do it with creating a particular coin, they will have to launch an ICO.

The investors can later buy into the ICO to receive a new cryptocurrency token in exchange. In those instances, the team of the metaverse game will receive a sum of money so that they can offer the cryptocurrency token. The same currency is often used as an in-game currency to power value to the assets.

Paid Competitions:

Whenever someone plays a metaverse game for a long time, they can think about participating in many competitions. But, to be a part of the competition, the player must purchase a ticket.

Once the player gets the ticket, they can think about playing more games and enhancing his earning potential. In such a case, the money through which the player has bought the ticket will go to the P2E game.

Advertisements:

As the players continue to play the P2E game, they will observe some advertisements flashing on the screen. Once they click on the advertisement, it will direct them to numerous items they can use to upgrade a character.

But, in that case, they will have to offer some in-game currency to the team of the metaverse game. As soon as they give the currency, they can think about enhancing the character level and its appearance. Sometimes, they can buy battle passes or tickets for special events and can think about creating clans.

How do P2Ecrypto games work? 

When you come across a P2E crypto game, it’s just similar to a see-saw. In the beginning, many people are always busy investing in the game. They will not be involved in selling or claiming rewards. This fact eventually increases the price of cryptocurrency.

After that, many people think about joining the game and investing to earn a lot of profit. But, just because P2E games need more investors, people observe a drop in the cryptocurrency supply and a hike in the overall demand (price). In such a scenario, people consider selling or claiming the rewards ahead.

The see-saw then shifts to the other side, and the price begins to drop with an increase in the supply. However, the teams use many tools to mitigate such a process. These tools include Oracle Systems, burn mechanics and dual-coin economies.

Why do individuals like playing P2E games?
In the current era, many people love playing P2E games even when the cryptocurrency market is crashing. So, let’s take a quick look at why people like playing such games.

P2E games also offer a safe way to earn unique NFTs and crypto. This fact means that when someone is playing the game, he can earn in-game currency along the way. Moreover, the player will be glad to increase his earning potential when he gets through levels, battles and missions.

As soon as the player earns a lot of in-game currency, he can consider upgrading the character and its abilities. Besides, the player can later visit a marketplace and acquire premium NFTs. He can also hand over the in-game currency to buy items from the in-game store and acquire $MRUN tokens.

If a player wishes to earn more through the game, he can think about selling the assets on a marketplace. He can also think about earning better through some competitions and events. But then, the player will have to spend money to purchase the tickets.

P2E games are not just all about having a battle or exploring things. Rather, the players can think about breeding to earn passive income. Once they focus on breeding, they will have to mint a new token that will later be circulated in the game.

In several metaverse games, the players can think about creating 3D objects, collectibles and wearables. Later, they can earn royalty through secondary sales. But, when the player is considered a creator, his earnings will depend on the game and the marketplace.

Summary
There are various ways through which P2E metaverse games earn money. While players go through the marketplace and buy items, they give some in-game currency to the firm. Character leasing, paid competitions, and advertisements are other ways the P2E games earn.

But, even now, people have always loved playing the games because it offers many opportunities to earn crypto and NFTs. It’s not all about fighting with the opponents and winning the game.

Rather, the games enable the players to earn rewards and passive income. But, when the player sells collectibles and wearables, the cumulative earning will entirely depend on the marketplace and the game.

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