Spurred on by the fast-paced digitalization and disruptions caused by the COVID-19 pandemic, “play-to-earn gaming” (also called non-fungible token or NFT gaming) skyrocketed in 2020. At a global scale, its market value surged to a whopping $160 billion with more than 2.5 billion active players worldwide.
In the Philippines alone, its market cap climbed to a massive $338 million in 2020. Indeed, the potential for play-to-earn gaming has significantly caught the attention of both experienced and inexperienced gamers to make money by playing online. At the onset of the pandemic where many physical jobs have been destroyed, roughly 190 million people worldwide lost their jobs. Hence, many have turned into NFT gaming to kill the time, earn extra and augment their day-to-day expenses.
Play-to-earn communities are popping out all over the globe where employment opportunities are lacking and government intervention has been limited. Today, many regard NFT gaming as an alternative source of income. For some, it has become their full-time hustle through this extended COVID-19 crisis.
This is how it works - players have the opportunity to earn in-game assets which they can sell into cryptocurrency and turn into real-world cash. Essentially, most people have always been good at playing but they never really get something valuable out of it. Now, with NFT gaming, everyone has that unique opportunity to play a fun digital game and at the same time put food on the table.
NFT gaming presents an innovative and inclusive solution for ordinary people to monetize their time and skills by playing online. It’s no surprise why play-to-earn gaming is growing exponentially every year. The future looks bright for play-to-earn NFT gaming. While this platform is still very new, it presents a massive opportunity to unlock bigger and wider possibilities. In the online world, everyone is welcome to participate in the digital economy - you only need a smartphone and an internet connection to play-to-earn.
Certainly, the potential of NFT gaming and cryptocurrency cannot be underestimated. It has the power to propel incredible financial growths and convene a global community of forwardlooking players and token buyers. So, are you ready to play to earn?
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Attention. There is a risk that unverified members are not actually members of the team
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