Play to earn games, the new trend in online gambling

The evolution in online gambling is practically chained to the advances of the blockchain. In the same way that betting with cryptocurrencies became a reality in a very short time,the Play to Earn games are a trend in the blockchain universe that comes from the NFT.Explaining it is interesting and will help us understand why it is a trend we should pay attention to.

The acronym P2E does not allude, as one might suppose, to “pay per event”. A Play to Earn game is a game in which a user plays to win. That’s the simple explanation. These are cryptocurrency games that use blockchain technology to allow people to receive rewards for their play.

The rewards from Play to Earn games range from receiving cryptocurrencies to different kinds of NFTs that can be subsequently traded on secondary markets or exchanged for real money. Such e-betting games have great appeal for users and also for online game developers.

Although not yet fully developed within the online gambling sector, play to earn games are already part of a global trend with hundreds of examples worldwide. Not only are they very popular, they also cover all kinds of genres such as puzzles, arcade games, sports and many more.

The Play to Earn games are a trend that started during the last couple of years and imply important benefits for the diffusion of a project. Particularly in the non-fungible tokensector, this is a very effective way to gain traction, diffusion and community. However, P2E games are not limited only to NFTs.

Different experts agree that online gambling trends will eventually point to its diversification into different manifestations of P2E games.

How will P2E be applied in iGambling?

Although the integration of Play to earn games in Online Gambling is not yet a widespread reality, it is certainly an online gaming format that has a lot to offer. starting because P2E games have the principle of offering immediate benefits to players. These blockchain-based games have important qualities that help above all to increase the inexperienced public’s interest in online gambling.

This is the most recent development in the industry, which emerged as a business strategy aimed at increasing the interest of players through gambling, not only free of charge, but offering benefits of all kinds for using it. Play to Earn games break the widely held stigma that many games represent a huge waste of time and little or no gain for players.

The Play to Earn games can now be found widely in a variety of NFT projects. Such as Fairspin, a platform where players can participate in different kinds of games such as virtual sports, mini-games, roulette, card games, slots, jackpot, and more, but which also provides the possibility to earn additional funds through Play to Earn platforms.and which makes all kinds of effort made by players quite attractive.

Within the play-to-earn games and platforms there are also several loyalty programs and promotions to add incentives to all kinds of players.

How could the Play to Earn gaming application work in the crypto casino market?

Although the development of Play to Earn platforms is just a fraction of what it is expected to achieve in a very short time, their application to Crypto Casinos is an almost confirmed reality. How it can mean the opening to a vast universe of alternatives and trading based entirely on blockchain technology.

As is widely known, Non Fungible Tokens have been gaining an increasingly large and valuable parallel market to cryptocurrencies for a couple of years now. The combination of NFT with cryptocurrencies through Play to Earn gamesapplied on the blockchain, is an almost inevitable union.

Due to its scalability features, to which we have already referred above, Binance Smart Chain is a highly dynamic and ideal platform for the development of crypto casinos, but also for their evolution. It is one of the platforms with the highest user interaction in Play to Earn platforms.

Binance Smart Chain maintains approximately 109,770 daily active users, who trade around the clock on all kinds of Play to Earn platforms. Within BSC there are thousands of successful Play to Earn projects such as Cryptomines, Mobox, NFT Famer, and many more.

The growth trend between Play to Earn platforms and crypto gambling helps us to foresee that this is one of the next trends in online gambling. It will be interesting to follow the evolution of our platform.