Play-to-earn NFT gaming portal and platform combines the metaverse with esports to encourage participation - Cointelegraph
be a part of it. Namely, the desire for others to want to be a part of it. This leaves an important question on the table: how can pioneers in this industry excite people enough to want to spend a substantial amount of their time and money in a digital format. Would the metaverse need to be futuristic in context, closer to the real world, composed of online avatars or designed for gamers? Surprisingly, among the top answers is esports. Here's why.
By providing the world, and more specifically, gamers, the opportunity to battle with each other and earn real rewards, some incentive is given for people to participate in this digital space. For this reason, the concept of "play-to-earn," or P2E, becomes crucial in providing power back to the players that support the game, rather than one of two members of the gaming duopoly that exists today.
Therefore, this business model takes an open economy, provides financial benefits to all participants in it and further guarantees that any games earned don't ever leave the player's possession. While this covers the earning aspect, something needs to be said for the entertainment factor. Without the introduction of competition and winning, the metaverse is little more than an online shopping center with spending opportunities, a world that one can only spend so much time in.
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