Play-to-Earn (P2E)

P2E is a disruptive gaming model and one that is inclusive of the open economy concept, which financially incentivizes the players that add value to the gaming ecosystem in numerous ways. This allows gamers to be compensated as they play.
For a period of time, before P2E was adopted, studios would profit from users' purchasing in-game-assets which they did not own outright. This made the industry one-sided as users were spending money on game addons but with no means to be compensated. However, with the development of new technologies, users can now own the assets they purchase. More recently, platforms such as Twitch and YouTube are able to assist gamers in earning money from playing their favorite games via streaming services and advertising (Forte, 2021), which is a dream come true for many gamers. In addition, as Blockchain and Crypto technologies have continued to evolve, more gamers now earn money when playing. New solutions have emerged, allowing users to P2E.
As Blockchain technology has evolved, so has the gaming industry, which has utilized this to change the gaming experience for both developers and players. The ecosystem is now brimming with opportunities for both gamers and developers.Besides more scalability and lower transaction fees, this space is accelerating through innovations such as smart contracts and non-fungible tokens (NFTs). These NFTs are now used to purchase and own in-game items (for example, a hatchet, a bulldozer, or a super-fast vehicle) and fungible tokens, which can be used in the games and can further provide a value enhanced transfer for the gamers.
Currently, for most games that use blockchain technologies, gamers are required to pay for minting in-game assets. In games like Axie Infinity, you have to spend a lot of money to get the creatures you need to fulfill quests and tasks. You can't play the game unless you have these creatures. Several additional P2E games necessitate comparable entry fees, some of which can run into the hundreds of dollars. This hefty cost of entry may dissuade people interested in playing P2E games.
Chickey Chik’s unique platform does not require gamers to spend money to mint in-game assets upfront and does not require capital to start playing before being able to reap rewards and monetary value from playing. Chickey Chik’s proprietary technology bridges the gap by creating its own blockchain technology that is scalable with low transaction fees.
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