All About Play-to-Earn Gaming: Axie Infinity and Puppy Planet

Many have always viewed gaming as a hobby or a pastime for relaxation and competing with others. However, blockchain technology has changed this notion with the application of DeFi into gaming.

In the traditional gaming scene, publishers take home a majority of the revenue from popular games, leaving players as customers or spectators. This is despite the efforts players take towards promoting games and creating gaming communities.

The blockchain industry has reversed this trend by introducing tokens and crucially non-fungible tokens (NFTs) within games to increase the gaming economy and incentivize players who spend their time gaming.

This growing trend has led to the introduction of the play-to-earn model, also known as P2E. P2E is an innovative concept that is picking up steam, and we explore how it works and some popular games that utilize this model.

What is Play-to-Earn?

Play-to-earn is simply a gaming model that enables gamers to earn cryptocurrencies while playing their favorite games. It is a revolutionary model that combines two primary motivations of man, entertainment and money.

P2E concept gives players control over certain gaming assets and allows them to create value for these assets by deploying these assets within the gaming platform. For example, gamers can unlock special NFTs that can be used on battlefields to gain more attributes.

The attributes increase the value of the NFTs, which can be sold within a dedicated market for real-time tokens. Within this process, developers get rewarded in the form of an increasingly valuable gaming ecosystem, while players get rewarded for putting time and resources into the game.

Axie Infinity (The popular Play-to-Earn game)

Axie Infinity is the most popular play-to-earn game in the blockchain space. It is a pokemon-like game where players access NFT-based creatures called Axies that can be bred, used for battles, and raised within the gaming ecosystem.

Axies can take different forms and are classified into four major categories: common, rare, ultra-rare, and legendary. As stated earlier, each Axie is an NFT with different characteristics that can be upgraded within the game.

Axis can be sold within the dedicated NFT marketplace in exchange for other cryptocurrencies. The game also has a utility token called Axie Infinity Shards (AXS) that serves as governance and can be staked.

Players can also accrue another in-game currency called Smooth Love Potion (SLP) for spending time on the game. SLP can be used to breed new Axies and can also be traded on popular exchanges like Binance.

Puppy Planet (The fast-rising P2E game)

Puppy Planet is a blockchain gaming platform that combines NFT and DeFi features to create a Play-to-Earn model for players.

Players purchase mystery boxes that hatch pups that can be bred in farms or used for battle competitions. Like Axie, Pups are NFT-based pets with different attributes that can be upgraded within the game.

Players can build up their pets from the in-game store and create valuable Pups that can be exchanged for tokens in the dedicated marketplace. The Puppy Planet also issued a native token called PUP token, the gaming platform’s utility token.

Gamers are rewarded with PUP tokens for hitting certain milestones and can exchange the token on supported exchanges. Puppy Planet is deployed on ABEYCHAIN, a multi-layer platform that provides fast confirmation times and low transaction fees compared to Ethereum.

Conclusion

Blockchain gaming appears to be the future of the gaming sector, and the groundwork is already being laid with the Play-to-earn model. P2E is a viable model that benefits both the developers and the gamers

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