How NFT Tokens Are Helping People Make Real Money
The world of finance is changing and is heading towards gamification. Initially, earlier computer games were just a source of entertainment, users today can earn real money for completing tasks and levels. The creation of Play-2-Earn technologies contributed to the development of a whole sector of financial computer games that combine a whole sector of financial computer games utilizing NFT’s blockchain-based technology. In this article, we will analyze how Play-2-Earn games were initially developed, and how they are evolving today.
Cryptobots: how the first Play-2-Earn protocol was created
The idea of uniting the world of computer games and finance was first introduced in the early 2000s. As video and computer games were first being developed, so was that concept of financial gaming economies. It was not until the last few years that this was made possible to achieve, due to the advancements of cryptocurrencies, and the introduction of NFTs.
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The first Play-2-Earn protocol was developed by a group of programmers from Cyprus. Then the Playneta team released their own NFTs featuring unique robots.
“We launched the first Cryptobots collection in 2017 and actually became the first company in the world to create the Play-2-Earn protocol. Today, about 2,000 users from all over the world hold our NFTs, and anyone can purchase the NFTs on the OpenSea marketplace”, explains Dmitry Filatov, founder of TopFace and co-founder of Cryptobots.
Later, the project was temporarily frozen, and the developers diverted their attention to other areas. Nevertheless, the owners of NFT project decided to continue communication and even and moved their communication to a public Discord channel, where they still discuss ongoing events, sharing ideas and opinions on the development of Cryptobots.
“When creating the NFT collection, we did not expect to receive such a response from our community. Our team was inspired by the ideas of cryptobot holders and today we are developing a new Play-2-Earn game where users can receive rewards in cryptocurrency or NFT”, — explains Dmitry Filatov.
The importance of the metaverse in the GameFi sector
What we’re seeing in the market is a shift to a collaborative ecosystem effort to advance the GameFi sector into what’s now known as the metaverse; where end-users can deploy their NFTs, whether it be cryptobots, punks, or cats for future utility. Holders of completely different NFT tokens can exchange or combine them within one metaverse. For example, Sandbox is already following this path. Various heroes already exist in their metaverse, and lands in the virtual world are sold for LAND tokens.
“We are also planning the development of the metaverse, in which cryptobots will be used both in our own game and in other games. We also plan to support third-party developers who need finance and marketing and are ready to add cryptobots to their games. In addition, we will enable the use of NFTs from well-known collections in our game. As a result, we make mutual integration of NFT with other projects and develop the idea of the Metaverse”, — says Dmitry Filatov.
Players will be able to receive crypto coins and NFTs for completing certain tasks. The more experienced the player, the greater the rewards. The received cryptocurrencies can be used to upgrade your cryptobot, purchase other NFTs, or simply withdraw them to a wallet or exchange them for fiat money.
Conclusions
The GameFi market is evolving at a rapid pace, creating new opportunities for crypto users. The creation of Play-2-Earn games allows players to earn real money by playing computer games. In addition, the popularization of financial games allows players to use NFT tokens to generate profits, and the tokens themselves acquire a certain value.