The way to make money

The game industry is developing rapidly, and emerging games make money in combination with block chains and metades.

The game industry that has always been a synonymous game industry has recently achieved huge development. Now when the game appears, people will mention a lot of money. Since the launch of Web 3.0, the industry has achieved huge development. According to reports, as of the end of 2019, the global game market was $ 152 billion. This growth means that since the introduction of Web 3.0, the growth and adoption rate of Web 3.0 games have been consistent. I have made a lot of money, which in turn attracts many new developers to enter this area.

Related: Will the new goen to the internet or Web 3.0?

The past game has always been a one-sided relationship, only the game developer or owner can obtain economic benefits, and players can only enjoy fun and continue to spend. A new economic model is now introduced, but in the past few years, the player spent a lot in the game. In 2020, mobile app industry saw customers totaled $ 143 billion. The game is applied to $ 100 billion. This means that 70% of the game application occupies 70% of the game application for every US dollar spent on Google Play Store (for Android) and App Store. Even if new game modes are introduced, there will be more than $ 120 billion in 2021 for mobile games in 2021. This will increase by 20% from the number of 2020.

I have now mentioned that the new game mode twice is to earn game mode. There is no doubt that global COVID-19 popularization has triggered interest in playing games. This is true for the virtual world or \”Yuan Universe\” hosting these games.

What is the elements?

\”Element\” is a combination of prefix \”yuan\” and \”universe\”. Therefore, the Email is a world that transcends the universe. A superficial place, you can say this. In the metadron, virtual land, avatar or even buildings can be traded. This is usually done using an encrypted currency. In these virtual environments, people can move freely with friends, participate in activities, purchase goods and services – basically, they can do exactly the same thing as the real world.

Global popularity caused by people to learn more about the potential of online world, they find that they can still use their equipment anywhere in the world to do business and play. Many of the Yuan universe that exists in today Block chain technology provides support, in order to transactions in these virtual worlds, users need to encrypt currency or irreplaceable Currency (NFT). Many games we have today have yourself.The metamorphic, which contains local encrypted currencies used in trading and receiving in-game assets and rewards.

What is playing games to make money?

The mode to play games contains an open economy concept and conducts economic rewards for each user who added value to play and spend time in the game ecosystem. In the past, people’s views on the game were that they were just an entertainment. With the emergence of new games, this view is changing. These games are not only interesting, but also attractive investment opportunities. Speaking of investment, in recent years, the industry has seen large venture capital companies in a large amount of funding. Among the 18 months prior to 2019, the global gaming industry has reached $ 9.6 billion, only 24 block chain game companies in the first half of 2021, investing $ 476 million.

Recently, making money like Axie Infinity and The Sandbox is more and more popular, and one of them is their economic system. Taking traditional game \”Simulating Life\” as an example, players can use the game’s currency to buy the game assets – but the currency and assets are not worth value in the real world. This is because there is no liquidity infrastructure in the game. Another traditional game \”World of Warcraft\” does have a market, players can purchase assets and exchange characters in the game, but it is very unsubstably. The block chain technology combines with the earning mode to solve all of these issues.

How is the playing game how to work?

In order to explain how the game earns the game, I will use AXIE Infinity as an example. Axie Infinity is a block chain game created by Vietnamese developer Sky Mavis. It currently has more than one million daily active users, and attracting this huge amount of cute creatures called Axies in the game. Users can cultivate, buy and train these Axies. The axis is also used to perform tasks and participate in fighting. The goal of the game is to obtain a game of games called smoothing aid (SLP). With SLP, players can cultivate their Axies, which allows them to earn more income advantages.

Another reason for players want to earn SLP as much as possible is that SLP is an encrypted currency that can be traded in encrypted currency exchanges. It is said that the best players can make up to 1,500 SLPs per day. This is approximately $ 250 (because the volatility is constantly changing). Axie Bi itself can be sold as NFT on the open market. Players can also sell in games such as real estate and flowers as NFT. So in Axie InfiniIn the economy of TY, players can get rewards by earning SLPs that can be sold in encrypted currency exchanges and purchase of Axies and other game assets sold in the open market.

The last idea:

Although playing and making money has just happened, they seem to have a long time.Players can create new digital assets, transactions with the game’s infrastructure, and earn virtual game currency that can easily sell as other encrypted currency and statutory currency.

In the past, there were many games to support the dynamic development of online communities, but by increasing the ability to generate economic income, playing and making money makes the community more active.The niche market is still very young, so it may be beneficial to pay attention to these to make money, because in the long run, they may be beneficial.