Play-to-Earn, Learn-to-Earn – Unexpected Ways to Earn Crypto

Earning by mining, buying, and selling is a traditional way to produce income in crypto and NFT. However, what about those not experienced in the business? Here is where Play-to-earn and learn-to-earn methods come into play. 

Gaming has seen several changes throughout the years. From Web 1 gaming to Web 3, the difference is drastic. Traditional gaming did satisfy people with their time spent. However, the level and assets they bought were either lost or redundant outside the gaming space. That was denied with the upgrade to Web 3 gaming. Web 3 gaming provided players with out-of-the-ordinary experiences and an opportunity to earn even while having fun, accompanied by level-up features like blockchain and the Metaverse. So what did the introduction of blockchain change in the gaming industry? Enter Play-to-earn models. Let’s dive deeper into the concept.

What is Play-to-earn gaming?

To date, more than 1550+ Play-to-Earn games are available in the market, allowing players to upgrade their gaming experience and even earn while they spend time gaming. P2E gaming platform gives space for players to acquire digital assets and tokens in the form of cryptocurrencies and Non-fungible tokens, in short, NFTs.

P2E games can be player vs. player or strategic gaming requiring you to give your full attention. The rewards can range from weapons, skins, avatars, lands, and other additions that help you advance in the virtual space. Players can even stake governance tokens in many P2E gaming platforms to participate in decision-making ceremonies.

Rising of P2E platforms

As mentioned above, traditional gaming platforms successfully impacted players. However, it was not enough for all the money they spent on items that were not even there’s. After all, when you spend so much, you expect something in return. That became true with the introduction of P2E gaming platforms. P2E grabbed the attention of even those not interested in the gaming world in the past.   People were curious to find ways to earn back for the time and money spent. Indeed some Crypto games require you to buy the necessary NFTs or tokens beforehand. Nevertheless, this still was much appealing as players got multiple chances to earn back what they spent.

Popular P2E games

There are several P2E game genres available in the market. A user only needs to ensure what their gaming type is. Card, battling, breeding, collecting, and other games are currently on the roll. A few of them are mentioned below.

1. The Sandbox

A Metaverse-based gaming platform where players can not only battle against each other but also explore the lands and buy or sell them for fiat money. It is a 2D world with lands as NFTs. Players can create their own space and partake in decisions. 

2. Axie Infinity

Want a better version of Pokemon? Axie Infinity is your game. In the Axie infinity world, players must battle their Axies against each other. As players level up, they’ll be rewarded with Smooth Love Potion and Axie Infinity Shards (governance tokens) that can be traded for fiat money.

3. Gods Unchained

If you are a fan of strategizing your moves and playing smart, this is your gameplay. Gods Unchained is where you can build your next move and play cards to fight the opponent’s decks. The best part of this game is that it also has a free-to-play option. You can stake GODS, the native currency, to earn voting points.

4. Decentraland

A 3d Metaverse gaming allows players to bet on lands, estates, wearables, names, and avatars and own those virtual assets as NFTs. These can then be traded on the marketplace for fiat money.

With the advancement of gaming, people could adjust to NFT-based Play-to-Earn gaming. However, the learn-to-earn aspect was still very new to the public. Let’s focus on the learn-to-earn method of secondary income. 

What is the Learn-to-earn method?

Learn-to-earn is definitely a new concept for many. This two-way benefit was carried out due to a surge in multiple marketplaces. So why pay for learning? Simply because the exchanges wanted to attract the audience to their marketplaces. It is not a very old marketing tactic where people are paid for reading articles or answering a few survey questions. All this is done to attract a crowd of potential future investors. This way, exchanges can make their voice heard, and on the other end, the public can earn while reading. Thus, a win-win situation.

Although this doesn’t mean you will go rich overnight, depending that the cryptos that you’ll earn will be what you learn. Yet, this will be a great way to understand the concept of crypto and NFT trading rather than jumping into the unknown. 

How to partake in the learning and earning business?

Not all exchanges have a platform like such to hand you the cryptos for free. Some well-known exchanges like Binance and Coinbase have calculated platforms providing learn-to-earn advancements. 

In Coinbase Earn, users will be required to watch an animated video and then answer certain questions to know if they are actually paying attention. If you answer correctly, some crypto rewards will be deposited into your wallet. The Binance Learn requires you to create an account in the Binance marketplace first. It’s very similar to Coinbase Earn. However, there’s a twist; users will earn crypto vouchers that they’ll have to redeem themselves that too within 14 days.

Bottom Line

Several use cases and ways to avail secondary earning without a task exist. The very recent one is the move-to-earn method. Here the user will be rewarded for real-time walking. But only when you buy virtual sneakers ranging from 13 Solana, i.e., $650.  

This is a clear picture of how exchanges build ways in which users and developers benefit. This was somewhat inevitable, seeing how blockchain can change anything that comes the way. There’ll be much more in the next few years; maybe eat fit-to-earn?