What Is The Hypothesis Behind Play-To-Earn (P2E)?
The play-to-earn model is already an existing gaming model in regular games like casinos, card trading, etc. However, the NFT-backed P2E model is what has become a matter of moment for online gaming freaks as gaming assets inside the game are NFTs, and when owned, they can be monetized. NFTs hold a certain level of rarity, and the hype for grabbing them will be common among players.
P2E NFT Games like Axie Infinity, Decentraland, etc., feature gameplays that will let players invest in in-game assets and then sell them further. Initially, players will have to buy the avatars, which are themselves NFTs, and other gaming assets to start the gameplay. As players keep progressing to further levels, they can trade their in-game assets. Additionally, upon successful completion of levels or probably objectives, they will get rewarded with certain in-game assets or NFTs.