This is where play-and-earn crypto games are a game changer: by allowing gamers to add real value to their in-game purchases. In-game items and products that are stored on a distributed public ledger or blockchain operate on a crypto network. This blockchain technology allows you to exchange in-game tokens and items for cryptocurrencies and, ultimately, real money.
In order to improve the gameplay and advance, online game players buy items such as coins, weapons, extra lives, customizable characters, outfits, avatars, accessories, etc. right in the game. Traditional gameplay involves the purchase of assets in stores owned by the game developers, which enriches the developers, but not the players. This can limit the possibilities of players in online games, especially those who have little money. In crypto games, on the other hand, these purchases are made using cryptocurrencies and often involve the exchange of valuable trading assets between players. Conventional online games allow you to own digital data. But they do not have the value or monetary value that crypto games offer.
You can’t exchange your in-game assets with other players for any fee or reward. This is a stark difference from the decentralized operations of GameFi projects, where players have globally distributed digital assets that are not limited to in-game purposes.
Minimal or zero upfront costs
Most GameFi games are free to download and free to play, making them more accessible than traditional games. While there are no upfront costs, some games may require you to purchase in-game tokens, characters, and other items to get started.
Permanent ownership of in-game assets
GameFi players keep their assets and NFTs on the blockchain for life. This is a significant difference from traditional games, which can be closed at any time, causing players to lose all their game progress. All assets belong to the game developer; players do not control the life cycle of the gaming platform. If the game developer goes bankrupt, gamers can say goodbye to further development of the game.
In addition, traditional online games are not as secure and are more vulnerable to hacker attacks than blockchain-based crypto games. Players can lose all their assets in case of hacking.
Easy to learn mechanics
GameFi projects use simple mechanisms for gameplay, which makes them easy to understand and navigate. This simple approach lowers the barrier to entry and promotes widespread acceptance of games. Players of any age and with any gaming experience can play these games with ease.