Play-to-earn (P2E) gaming is one of the most intriguing ways the buzz surrounding the metaverse is currently manifesting itself. Some people have been aided in leaving their day jobs to pursue gaming full-time, earning significantly more than they did when they held positions. This is a significant shift from how the game business now functions and is changing people’s lives. The fact that it’s still in its early stages makes it much more enjoyable.
The Bunnyverse gaming platform is building the future metaverse game branding. The excellent way NFTs are bridging the branding and growth of the metaverse game is one factor that, in hindsight, is abundantly clear. Through the Bunnyverse web3 gaming platform, you can build or play a game and earn significant dollars and money. Bunnyverse is a cross-chain network intricately designed for the best gaming experience. It aims to provide a truly decentralized gaming platform as a service with decentralized technologies and minimal transaction fees.
Play-to-earn games rely on blockchain technology since you can earn stuff while playing the games in the form of crypto tokens, non-fungible tokens (NFTs), and through a process known as staking. Many of these games will reward you for your effort by providing you with one of the digital assets listed above. However, only the game producers have profited financially, while the players have just spent money to have fun. But the next generation of gamers desired a change. They sought rewards for the number of hours spent in virtual gaming environments, which the metaverse enabled. It resulted in the birth of the play-to-earn concept.
The current gaming market-
The value of the global gaming market is over $180 billion. Therefore, it makes sense that play-to-earn gaming has become very popular in the area. Playing video games has changed from being something parents worried would degrade and ruin their children’s lives into a potential route to significant wealth.
The new “play-to-earn” model couldn’t be more dissimilar from how gamers now make a living:
1. broadcasting that is compensated by platforms like Bunnyverse.
2. sponsorships funded by the gaming industry.
3. Bunnyverse provides exclusive token awards
The majority of these income streams are not accessible to the average gamer; you must be one of the top gamers, which necessitates a significant time investment. Compared to the revenue generated by game developers, all of the money made by top gamers pales insignificantly. When you consider how much these top players influence a game’s popularity, you’ll notice an imbalance. Only the developers profited from online gaming, while players only paid for in-game assets. But that could be about to change as gamers seek incentives for the number of hours spent in virtual gaming realms. The advent of the metaverse made this possible by leading to the rise of the play-to-earn model.
What makes play-to-earn gaming unique?
In contrast to the traditional gaming industry, P2E games return most of their monetary value to the players. Furthermore, the ability to earn is democratized across all playing ability levels. Top gamers make more, but the gap will be much smaller than in the current gaming industry.
Even casual players are being transformed from consumers to creators due to this. You lose nothing by being a lousy player lowers the barriers to entry even further. Some gamers earn thousands of dollars per month by playing P2E games for only 2-3 hours per day.