A sneak peek into an NFT play to earn game

A sneak peek into an NFT play to earn game
A sneak peek into an NFT play to earn game

PlayDough Technologies has received $2 million in finance in order to capitalize on the rapidly growing “play-to-earn” gaming market. The platform bills itself as a “conduit that democratizes access” to the play to earn games economy, which has become a lifeline for millions of people worldwide, especially in emerging economies.

While Western gamers may be unfamiliar with the play to earn games concept – at least beyond the top tier of competitive e-gaming — such play to earn games are gaining traction in a number of emerging regions by exploiting blockchain technology. The concept is that players are rewarded for their time spent playing with virtual money that can be spent inside the game, transferred to other play to earn games that accept the currency, or converted for other currencies. They may also obtain non-fungible tokens (NFTs), which allow players to permanently keep prizes and accomplishments earned in the game – such as a new weapon or outfit – for use or sale elsewhere. You can read more about play to earn games by clicking here.

The genre’s most well-known example is Axie Infinity, in which players must assemble a team of three monsters dubbed Axies after axolotls and then utilize them to perform tasks and combat fights. Each Axie is digitized as a non-fungible token (NFT), and users earn Ethereum-based cryptocurrency as they play. Axie Infinity has garnered a sizable player base across Asia, most notably in the Philippines, where it now accounts for a significant chunk of some people’s income.

The disadvantage of this concept is that players must make an initial expenditure to begin playing — in the instance of Axie Infinity, PlayDough co-founder Mehul Khati notes that it currently costs around $3,000 to get started with three Axies. This is where PlayDough comes into play – it has made a direct investment in Axie Infinity, purchasing Axies and breeding more of them. PlayDough customers may then use its Axies to play the game, dividing the revenue produced; PlayDough retains around 30% of the revenue generated.

“We believe our sector is at the epicenter of many significant developments,” Khati continues. “We’ve seen the emergence of gaming, collectibles, the metaverse, and decentralized money, with this at the hub of it all.”

PlayDough functions well as both an investment platform, letting users develop portfolios of gaming NFTs, and a facilitator of the gig economy, guaranteeing that new players can overcome the initial fees associated with making money from the game.

It is a fast-paced field in which many questions remain unanswered. For instance, some have compared the idea to gambling; unavoidably, the value of a virtual currency in a game fluctuates, exposing players to volatility that might be harmful if they depend on the revenue. Additionally, like with other blockchain applications, there is worry about a lack of regulation in the industry; for example, game providers are not required to address anti-money laundering or know-your-customer regulations.

Nonetheless, Khati is sure that this is a sector that is poised for substantial expansion in a variety of locations. “Gaming seems to be accelerating the adoption of cryptocurrency’s borderless ideas,” he argues. “While establishing a community around PlayDough has been rewarding, the ability to view play-to-earn as a strategy for yield generation has also motivated the trader in me – we have developed valuation models, breeding strategies, and training programs to enable our community to generate the highest yield possible.”

PlayDough customers will eventually have access to a far broader selection of play to earn games through the platform, which has already started collecting inventory in titles such as Sorare and Gods Unchained. Khati sees enormous potential for “cross-chain worlds,” in which currencies and NFTs may be transferred across play to earn games.

Investors in the firm are also pleased. “We believe that PlayDough is developing at the crossroads of four of the greatest trends in the blockchain industry,” says Shamyl Malik, managing director of Westridge Markets, the primary investor in PlayDough’s fundraising round.

NFT Gaming

With the popularity of crypto play to earn games increasing, so has the NFT gaming industry. Crypto gaming received an update in the first quarter of 2021 with the introduction of NFT play to earn games, which evolved from play to earn games to collectible games based on the Pay to Earn premise. The gaming business has always been driven by trends, and the newest trend in NFTs is no exception. While it is no secret that the NFT sector has grown to be a billion-dollar industry, play to earn games are unquestionably one of the strongest applications for NFTs. Much of the NFT sector is now centered on gaming, which offers a great opportunity for players to accumulate unique in-game items.

Although the phrases crypto gaming and non-financial trading (NFT) gaming are commonly used interchangeably, they have a substantial distinction. While crypto gaming focuses on the usage of cryptocurrencies to trade with other players, NFT gaming makes use of native tokens to produce or accumulate NFTs. Through NFT gaming, any in-game item, such as utility, armor, or land, may be converted to NFT and simply owned, transferred, and sold on the blockchain. Additionally, the NFT gaming platform provides players with access to NFT marketplaces where they may purchase and trade one-of-a-kind NFTs. Axie Infinity is a popular online video game based on NFTs. It is presently the most expensive collection of NFTs, with over $42 million in sales as of June 2021.

Additionally, a new sort of blockchain gaming is gaining popularity that blends decentralized finance (DeFi) elements with gaming; this is referred to as GameFi. MOBOX, a BSC-based game that combines NFT collectibles with yield farming and other DeFi services, is one such game. We should see a slew of supporting products centered on GameFi (Game Finance), which will provide additional dimensions to crypto play to earn games. For instance, users may use their game assets as collateral to get loans or just borrow an item for in-game activities to generate more assets. There are several inventive methods to generate money. Visit https://www.mobox.io/#/ to know more about MOBOX game.

An interesting look at what’s going on with The Three Kingdoms NFT play to earn game

An interesting look at what’s going on with The Three Kingdoms NFT play to earn game
An interesting look at what’s going on with The Three Kingdoms NFT play to earn game

CryptoKitties pioneered blockchain gaming, while Axie Infinity established what a decent blockchain game should be. The Three Kingdoms intend to build on this foundation with their subsequent generations. The Three Kingdoms is a highly complex third-generation non-linear time strategy (NFT) game designed for play to earn games.

The Next Generation of Gaming Technology

What does the new age of play to earn games entail? The TTK team feels that the current generation of NFT games offers players few opportunities to make money. Additionally, they include antiquated and cartoony aesthetics, as well as a limited number of gaming options.

The Three Kingdoms team set out to create blockchain play to earn games with earning tokens in ways never seen previously in the GameFi industry. Additionally, they are delivering a realistic gaming experience that is more in line with the AAA games to which we have become used.

To accomplish this, The Three Kingdoms will have high-quality visuals and a feature-rich game in which players may gather NFT characters, perform quests, and participate in siege play to earn games to earn NFTs.

Additionally, The Three Kingdoms will be the first game to combine the concept of warring and sieging cities, as well as a rich, intriguing plot, injecting new life into the GameFi world.

Additionally, players may host, stake, and monetize events inside the game. Establish a base, develop your territory, enhance your character’s characteristics, win fights, and emerge triumphant in both PVE and PVP combat.

The Three Kingdoms’ History

The Three Kingdoms is set around 220 AD, during the Eastern Han dynasty’s waning years. The Yellow Turban Rebellion erupted, with towns and regions banding together in an attempt to survive. Dong Zhuo, a warlord who seized control of the city under the guise of safeguarding the young emperor Cao Cao, who had progressively acquired control of areas in the north, rescued the emperor and took control of the central government. Nonetheless, created clans are already vying for the opportunity to control China.

China was quickly split into three areas of power, with Cao Cao ruling the north, Sun Quan dominating the south, and Liu Bei dominating the west. For sixty years, the three struggled to conquer China, and here is where the player’s adventure starts.

The territory of the Three Kingdoms is based on the historical geography of China, which is divided into Wei, Shu, and Wu areas. The area will be partitioned into distinct squares. Additionally, these properties serve as locations for hosting, staking, and monetizing events. Conquer and take control of your base of operations to battle and extend your region. Visit https://en.wikipedia.org/wiki/Three_Kingdoms to read more about the three kingdoms.

What Is the Future of The Three Kingdoms?

The Three Kingdoms team sought fans for play to earn games and NFT who want to change the crypto landscape and be a part of something larger.

The Three Kingdoms is well on its way to completion, with plans to launch passive gameplay in Q4 2021. In what is being dubbed ‘phase zero,’ players will be able to earn NFTs by recruiting heroes via the periphery. Additionally, the company wants to introduce other gameplay elements in 2022 (‘phase one’), such as the ability to assault unoccupied cities (stake NFTs) and occupy cities (earn APY, in-game cash, and NFTs).

‘Phase two will include PvP, in which players will be able to assault and defend cities. Both the attacker and defense stake NFTs, with the winner winning an annual percentage yield (APY), money, NFTs, and qualities.

Finally, in ‘phase three,’ active gaming will be introduced through the arena and competitions. Players will be able to stake their NFTs in a winner-takes-all fight against other players.

Concerning the Three Kingdoms

Collect your favorite Three Kingdoms characters and fight for a piece of land that is entirely yours alone.

The Three Kingdoms is a third-generation NFT game based on the tale of the ‘Three Kingdoms’. Prepare to be immersed in a gaming experience that is enhanced with a rich history, well-developed play to earn games characters, and progressive gameplay. Prepare your warriors for combat, siege cities, and defeat adversaries in order to extend your own territory.

The Three Kingdoms: How Does It Work?

The Three Kingdoms is a web-based game that utilizes Binance’s Smart Chain technology (BSC). The game is accessed through the user’s usual Web3 wallet (e.g. MetaMask), which enables interaction with the game like quality play to earn games, their NFTs, and their stuff.

The Three Kingdoms is mostly known for its warfare gameplay, which may be either player vs player (PvP) or player versus environment (PvE) (PvE). PvP gameplay consists of one-on-one combat in which players put their teams against one another for prizes, whilst PvE gameplay is a cooperative experience in which players assault cities in order to proceed through the main plot and collect heroes and $CHI tokens.

The story-driven gameplay is a critical component of the experience, and the game is meant to appeal to a broad user demographic — even those unfamiliar with blockchain technology or play to earn games. The plot puts the player in the position of an army commander tasked with the conquest of the three kingdoms of Wei, Shu, and Wu, which involves several civil conflicts and tasks. Click here to read about A sneak peek into an NFT play to earn game.

As a mass-market game, The Three Kingdoms will encourage participation by keeping entrance barriers low.

The game contains one-of-a-kind NFT-backed digital characters with varying degrees of scarcity. These characters possess six distinct characteristics: assault strength, good fortune, leadership, intelligence, energy, and defense. To optimize their efficiency in combat, players must carefully balance their squad depending on these traits.

Additionally, the three kingdoms are divided into land plots that players may extend by declaring victory in war. Each plot of land is a player-owned asset that may be utilized for a number of reasons, including hosting events and monetizing their plots.

The Three Kingdoms’ gameplay is ingeniously built around the play to earn games ideas, providing players with a number of methods to gain.

This includes: 

  • Participating in daily, weekly, and monthly special missions
  • Seizing rival cities
  • Staking their NFTs as part of the outskirts gaming style
  • Purchasing, buying, and selling in-game NFTs and prizes.

The Three Kingdoms’ initial edition is slated to launch in Q4 2021. Phase one of this launch will include the first versions of the siege and outskirts gameplay, as well as rudimentary PvE and play to earn games elements. This version will have 56 distinct characters and 72 unique cards upon launch.

The second part of the game’s deployment will enable PvP players to assault and defend cities, with the winner occupying the city, while the third step will provide active gaming, including PvP NFT combat and staking.