Play-to-earn gaming is one of the most exciting verticals in technology today. Players can monetize the time spent in video games by earning real-world money.
However, the concept of P2E gaming needs some crucial changes, and Cryptopia offers a glimpse of what that future may look like.
Decentralization Meets Accessibility
The appeal of play-to-earn gaming is playing relatively simple games in a browser or on a mobile device and making money from doing so.
All in-game items are tokenized and tradeable, ensuring gamers can convert their assets to deal-world money in the future.
While appealing, it is also a model that caters to early adopters and leaves later players behind. Moreover, most of these games require upfront investments, putting a strain on players as they aim to recuperate the initial investment as quickly as possible.
Cryptopia tackles the play-to-earn concept from a different angle. It is a Metaverse game that does not require initial investments, making it very accessible.
Moreover, interacting with Cryptopia does not require a web3 wallet like Metamask, as players receive in-game multi-signature wallets. Removing the need for initial setup before accessing the gaming environment paves the way for broader mainstream adoption.
In this wallet, players can store cryptocurrencies, tokens, and NFTs. Moreover, it features various functionalities, including support for transferring, swapping, buying, and selling directly from the wallet.
Giving users the necessary tools to get up and running without unnecessary bells and whistles is a must for the Metaverse.
The entire game world powering Cryptopia runs on the blockchain. That includes all game states, ensuring the project is fully decentralized.
As a result, players can securely mint, own, and trade in-game assets and cooperate with developers and other players. Furthermore, all actions taken by players will impact the game world forever and affect the experience of other players.
Pick Your Playing Style
Cryptopia takes a different approach from most play-to-earn games on the gameplay front. Gamers can explore and quest as adventurers, earning rewards from completing objectives and sabotaging foes.
However, they can also become a Tycoon and scoop up Land, extract resources, and sell them. Additionally, players can tokenize resources into new NFTs, which they can sell.
There are numerous revenue streams to explore in Cryptopia, depending on one’s preferred playing style.
Some people may worry about land becoming a pay-to-win aspect in Cryptopia, but that is not the case. While demand for land will increase and tiles are limited, there are ways to acquire [a share of] its resources.
Players can bond through publicly-traded companies, where all shareholders share the extracted resources. In that model, players can acquire 1/1000th of a share, allowing many gamers to form substantial companies and reap the rewards.
Ultimately, Cryptopia is a play-to-earn title catering to many types of players. Adventurers can pick up professions – builders, engineers, scientists, architects, etc. – and use their expertise to help build and enhance the game world.
Tycoons can set up their DeFi empire and create compounding revenue streams. Both paths complement one another well, establishing a vibrant and ever-changing game world.
To sustain the ongoing growth of Cryptopia, the developers introduce multiple revenue streams for funding. A significant portion of native tokens is used for bootstrapping the game.
Additionally, players earning rewards pay a small tax on every transaction. There are also small fees on purchasing NFTs and buying to level up faster (to a certain threshold). These taxes ensure funds flow back into the game, creating a self-sufficient ecosystem.
Making play-to-earn games accessible, secure, and fully decentralized is essential. Moreover, Cryptopia does not have a steep learning curve and doesn’t require players to set up an external wallet like Metamask, which is significant.
As a result, both crypto experts and novices can explore opportunities without making any investments, making it one of the most accessible P2E games today.
In addition, Cryptopia is a refreshing game that isn’t one-dimensional like many other projects. It has multiple ways of playing the game and features storylines, factions, sabotage missions, etc.
It will be interesting to see how player actions affect the experience for other gamers and shape the future of this virtual world.