India ranks First in Play-to-Earn Gaming Adoption 🔥

Play-to-Earn business model is the latest development in the games industry. It’s a business model that embraces the concept of an open economy and provides financial benefits to all players who add value by contributing to the game world. It’s likely to introduce new game concepts and retention models not yet seen in modern gaming. Business models around video games have evolved as technology became more accessible to the audience. In the late seventies and early eighties we played our games on arcade machines in local game centers. With a pocket full of quarters gamers would compete to get the high score.

Giving gamers ownership over in-game assets and allowing them to increase their value by actively playing the game are key components of the play-to-earn business model. By participating in the in-game economy, players are creating value for other players and the developers. In turn they are rewarded with in-game assets. These digital assets can be anything ranging from cryptocurrencies to in-game resources that are tokenized on the blockchain. That’s why the play-to-earn business model goes very well together with blockchain games.

In the play-to-earn business model the game and the developers reward players for putting time and effort into their game. For example, in Axie Infinity players earn Small Love Potions (SLP). Players need these tokens to breed new Axies, but they can also sell the tokens to other players on the open marketplace. Other examples are the resources in League of Kingdoms, or the prizes players can earn in the fantasy football game Sorare.

India ranks first in play-to-earn gaming with the highest adoption rate of 34%. Second is Hong Kong with a p2e rate of 29%.
The lowest p2e gaming rate is in Sweden with 4.3%.

♻️ Other countries’ adoption rates:
▪️The UAE — 27.27%
▪️The Philippines -25.01%
▪️Vietnam — 22.96%
▪️Singapore — 22.68%
▪️Malaysia — 19.43%

🌐 Details Here

Follow us for more:

TG Group | TG Channel | Twitter | Medium: CRYPTO MINERS