Crypto investors can now profit from P2E games without ever having to play them
Crypto investors can now profit from P2E games without ever having to play them

Crypto investors can now profit from P2E games without ever having to play them

Zara

5 min
Business & Finance
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<p>In the years 2020 to 2021, two things happened. Cryptocurrencies exploded to record valuations as a result of the global healthcare crisis. </p> <p>By mid-2021, the price of Bitcoin had risen to over $68k, bringing the total value of the sphere to more than $2.1 trillion. Simultaneously, following various governments' directives to lockdown in desperate contagion measures, people all over the world found solace in gaming. </p> <p>According to research findings, over £2.1 billion was spent on video games alone in the United Kingdom in 2020, representing a significant increase from the previous year. From Animal Crossing to Fortnite to Call of Duty, video games have become a popular form of digital interaction and convenient entertainment. </p> <p>Crypto Gaming Seeks a Piece of the $180 Billion Industry </p> <p>The rise of blockchain gaming, however, was a notable development in all of this. According to InvestGame, private investment in the sector tripled to more than $17 billion in the first half of 2021. </p> <p>Blockchain gaming, also known as cryptocurrency gaming, is a new gaming model that replaces the traditional gaming model by putting the gamer first and compensating them for their efforts. Analysts believe that in a gaming industry worth more than $180 billion, the growing popularity of cryptocurrency gaming will gradually see associated games carve out a decent market share, directly increasing their valuation. </p> <p>Why is Blockchain Gaming so popular? </p> <p>The implementation of the blockchain as the equalising layer is directly related to the success of blockchain gaming. </p> <p>By leveraging a decentralised foundation, game developers are free to create exciting and interactive games that incorporate non-fungible tokens (NFTs) as in-game items, cryptocurrencies, and even decentralised finance (DeFi), allowing gamers to earn money from their interests. </p> <p>Because NFTs can be exchanged for fungible tokens such as ETH or BNB. As a result, marketplaces serve as a bridge between the

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