P2E Games are the new way of earning!

“Blockchain is the future”

You must have heard these statements recently. These statements are all over around us as well in the market, and up to a great extend, they are true. NFT, blockchain, metaverse, and P2E games are going to be redefining the technical revolutions for the upcoming generations.

But let’s start with the basics.

What is blockchain?

You know Google Doc? Yes? Good. So imagine you have a shared good document with your colleagues. Everyone shares a weekly report on Friday to the sheet. So each time someone updates the file, you all get the new information without having to require any specific code or access. The document is, in other words, distributed equally to everyone and not copied or transferred.

That’s how the blockchain system works, we can say. No one is locked out awaiting changes from another party, while all modifications to the doc are being recorded in real-time, making changes completely transparent.  

Of course, blockchain is more complicated than a Google Doc, but the comparison will help you grasp the idea of it.

In other words,

“it is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network”

An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.

In short, it is a whole digital world, unlike metaverse, where you can run your business transactions and build a network without having any concern about safety as everything is transparent. 

But there is more to it…

As it has become a world of its own, it has given birth to revolutionary means of business as well. Have you heard of crypto? NFT? P2E games? Yeah, you got it right. They all stem from this root of blockchain. 

Now let’s get into it gradually. First,

1. NFTs

NFTs have exploded in popularity during the pandemic, leading many investors to wonder how to buy them. Digital art from the artist Beeple, Twitter CEO Jack Dorsey's first tweet, and the pixelated CryptoPunks character portraits have each been sold as an NFT worth millions of dollars.

Artists, collectors, and speculators alike have flocked to the movement as cryptocurrencies and other digital assets have skyrocketed in price. The jury's still out on whether this is an unsustainable bubble ready to pop, or if this is the birth of a new long-term investment asset class. But NFTs themselves hold promise for artists and have application in the business world. 

NFT means, Non-Fungible Token.

It is unique, one of its kind, and cannot be replaced with anything. Of course, you can trade NFTs but you would not get the same back, you will have a different one with a different worth. Unlike crypto or bitcoin where you can trade one coin for another and you will get the same coin - that’s a non-fungible token.  

At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs.

Why the hype?

NFTs have drawn the attention of tech enthusiasts greatly because of the potential it has as an asset. You can create your own art piece (it can be anything, literally, people have sold their popular memes to singed tweets), buy an NFT as an art lover, or collect it for trading later on at the right time for profit. Meanwhile, it can be like crypto or stocks, but with exclusivity as there will be no other similar piece in the market – except of course if the creator decides to reproduce, but the buyer retains the copyrights. 

In short, this is all about retaining copyrights and ownership of the piece. Otherwise, why would people pay millions for something which can easily be downloaded for free from the Internet?

We know it sounds crazy. But it is what it is.

To put it in terms of physical art collecting: anyone can buy a Monet print, but only one person can own the original. That really depends on whether you’re an artist or a buyer. You can make your own NFT, buy it for exclusive rights, or collect it to resell later when the value increases.

Are NFTs the future?

Well, that’s part of what makes NFTs so messy. Some people treat them like they’re the future of fine art collecting and literally selling graphics made with kittens or rocks for millions of dollars. While on the other hand, some people treat them like Pokémon cards.

So it’s really up to perspective, or more precisely, up to the market place you want to belong to at the end. If you want to stay connected and up to dated with the tech-revolutionists, you should take it very seriously. Otherwise, take it as another media form and let it pass.

Considering the potential for growth, we decided to step into this market long ago. We have created numerous NFTs projects for multiple clients from all across the globe.

2. P2E NFT Blockchain Gaming

Play to Earn games are another aspect of the rising trend of blockchain-based business opportunities. These games are, as predicted, blockchain-based where you are literally paid to play video games. 

In traditional video games, players are required to reach certain levels of the game, unlock certain add-ons and buy characters. However, all of it just vanishes as soon as the game is completed. The game producers have been in the driving seat, but it has changed with this revolutionary P2E - you can add, buy, or create characters that can be saved and transferred.

P2E games are video games (virtual worlds) that gamers play for crypto token rewards. Some games require an investment in tokens or NFTs, while others allow people to earn crypto by playing. As of 2022, some of the most popular P2E games are Splinter land, Axie Infinity, the Sandbox, Zedd Run, and Gods Unchained. Coin Hunt World rewards players with Bitcoin and Ethereum tokens rather than the crypto created for the game. 

Meanwhile, it has become a whole field by now. People in areas like the Philippines have even based their financial streams on it. Gamers are payed according to the dedicated hours, players unlocked, and levels completed.  

In the meantime, NFT and blockchain is the future. So it would be best in your interest to invest some of your time and resources into it for gigantic profit streams in a few coming years. Moreover, if you have already made your mind and want to create a NFT based P2E game, we can help you with that too! Just get in touch with us to engage with our creative team for boasting ideas for your own next best game!

Our Clients

We have worked with Trollz, Sphynx, 8 bit Universe, Llama Punkz, Arabian NFTs, Expansion Punks. Meanwhile, we intend to invest more of our resources and services for NFT lovers! Click here to read more about our services.

From NFT designs, roadmaps, blockchains to website minting, smart contracts, metaverse and community development - get it all under one roof at Sheikh Studios!

Written by: Maham Amir