What about your recent gaming experience? How did your team do? Have you played a game recently? I’m sure we’ve all got many fond memories of our gaming experiences. For many gamers, gaming goes way beyond the console and the screen.
Wins and losses were equally enjoyable for gamers. In fact, gamers have a unique camaraderie. By exploring and engaging with a game continuously, gamers have actively participated in promoting it. Some gamers play one game for years, while others try a variety of games at once. There are games with specific themes. Some fans turn to games specific to sports, fantasy, etc. Few gamers will want an immersive and captivating experience.
Gaming model shifts
While the whole styles and modes of gaming have changed over the years, there’s one thing that has not changed. It is the support and spirit of the gamers. Developers have a responsibility to provide a wholesome environment for gamers since gaming is an industry primarily driven by the community.
Currently, gamers have been interacting with a conventional model of gaming, which might make the traditional models more comforting. However, gamers should always remain flexible and open-minded to adapt to new gaming modes and modes of play.
What is the “Explore-To-Earn” (E2E) game style
Space Six is a E2E game that introduces a new type of blockchain game called “Explore to earn (E2E).” This game is a pioneer in this realm. Named for the following reason by entering the game, you step into the unknown world of planets and receive valuable rewards such as known cryptocurrencies and NFTs by exploring space, surfing the planets, and enjoying riding your spaceship.
The good news is that simultaneously, your spatial information increases while playing since the developers have used real-like names and information for the places and materials.
Play-to-earn games (P2E) do what traditional video games don’t — reward layers for their time and effort spent in the game. Each game offers a unique way for players to be rewarded for their in-game activity. This reward can be in the form of cryptocurrency, a non-fungible token (NFT), or an increase in value to a player’s existing NFT. Some P2E games will require an initial investment, while others are free to play.
Those terms describe the same thing: making money through playing games without becoming an eSports player. Some of them specifically mention activities you must do to earn money. Among the more popular “Move to Earn” games, which reward players for taking daily steps, are those that promote healthy habits and daily walks.
It is often the case that games are made this way: First, tokens are made, then NFTs are sold, and ultimately, a game may be made or may not.
It is important to note that this game has primarily worked on completing and developing the game itself. While it’s created stunning and valuable NFTs, it continues to deal with the tokenomics of the game and the distribution of its tokens.
In the following sections, you will learn what it takes to create good tokens and what makes them sound right.
Tokenomics: What is it?
Generally speaking, “Tokenomics” refers to the rules and paradigms a game studio sets for its governance token(s). It is usually the governance token used to purchase NFTs in the marketplace since it stabilizes the economy.
A considerable portion of the rewards in tokenomics goes to players, and most tokenomics have breakthroughs in expenses. In most cases, rewards are distributed in conjunction with another on-chain or off-chain token. For example, the governance of Axie Infinity is accomplished using $AXS, while in-game reward management is handled by $SLP.
As compared to in-game rewards tokens, governance tokens are unique, even though they offer smart contract benefits.
Tokenomics: how to tell if they are strong
Whenever you talk about tokenomics, you should always include:
Providing sufficient funding to the developers
Twelve months of vesting is recommended
A governance token that is listed on a centralized exchange (CEX)
It is essential that the governance token be listed on a CEX so that it can be converted into fiat currency, such as USD, EUR, and GBP. If this is not possible, search for it on decentralized exchanges like PancakeSwap or SushiSwap, where you can trade it for USDT/USDC.
Business model and economy of E2E Games
The Explore-to-Earn business model is the latest development in the games industry. In addition to offering financial benefits to players who contribute value to the game world, it embraces the concept of an open economy.
Moreover, Explore-to-Earn games allow players to trade in-game items on the open market (like old Trading Card Games).
A play-to-earn business model and, at the same time, an explore-to-earn business model entails providing players with ownership over in-game assets. As players work together to create value in the in-game economy, they create value for themselves and other players, and as a result, they are rewarded with in-game assets.
Cryptocurrencies and in-game resources can be tokenized on the blockchain as digital assets. That’s why play-to-earn business models and blockchain games complement each other so well.
In the explore-to-earn business model, the game rewards players for putting time and effort into their game while exploring places and searching for rewards. For example, in SpaceSix, players explore space and go from one planet to another to find precious gems and BNB tokens as an exciting game reward.
How to choose a game
You should identify the types of games you enjoy. Explore-to-earn is a form of gaming that is designed to make players enjoy what they’re doing. It probably isn’t the game for you if you get bored or feel like you’re working.
When choosing your favorite Explore-to-earn game, ask yourself these questions:
* Is this type of game engaging and fun for you?
* Can I start playing for free?
* Does the upfront cost seem affordable to you?
* Do you have a free trial version of the game?
* How well do you understand the game mechanics?
* Are you familiar with how developers make money?
* Do you understand the game tokenomics?
If you are just starting, you may want to choose a free game to test out the game mechanics for free before you make a financial commitment. Find out what playable games cost, how much non-fungible tokens (NFTs) they use, how profitable they are, and so on by looking at our list of playable games.
How to create a cryptocurrency wallet
Getting started with play-to-earn games, specifically E2E games, requires a crypto wallet, which you can use to connect to the game and purchase NFTs , Metamask is one of the most popular free online wallets.
This popular browser extension or mobile app allows you to store cryptocurrencies on any chain you need; However, It is a popular target for hackers due to its popularity.
It would help if you were careful when using it and never share your password and seed phrase with anyone. Consider storing your coins and NFTs in physical wallets for maximum security.
Using a physical wallet ensures the security of your cryptocurrency in an offline, non-hackable device. However, to be able to play most games, you will need a Metamask or another online wallet. You can then transfer your coins to the Ledger.
NFTs’ entry into the gaming industry
Tokens that represent ownership of unique assets are called non-fungible tokens or NFTs. An NFT can be made from audio and video clips to the digital artwork. Now let’s talk about what these NFTs did to gaming.
A new model of gaming has been introduced through the introduction of NFTs into gaming called play-to-earn games (P2E). As part of the NFT game, the in-game assets are rewarded, and even the space where the game is being played can be made into an NFT by tokenizing it.
The assets that the gamer purchased during the game will become useless once the game ends in a traditional gaming setup. However, when NFTs enter the picture, this loophole is completely closed.
Players’ assets in NFT games are tokenized, so they truly belong to them. Gamers can also earn passive income through gaming by renting out their assets to other players. This way, they can earn royalties each time the asset is re-sold.
Conclusion
Play-to-earn NFT games are worth trying by all means if you’re ready to step away from the traditional gaming mode. While breaking away from the traditional gaming mode can be a bit overwhelming, it’s the perfect time to get started with them.
Meanwhile, SpaceSix took one step forward and introduced a new generation of P2E games named Explore-to-Earn. As a result of this entry, players can explore space which would be pretty adventurous, searching for rewards from planet to planet or having battles with the residents of other planets with your spaceship!
Waiting for new style game on 30 sep 2022
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