NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

The Evolution of the Play to Earn Space

NewsBTC
NewsBTC
3 years ago
3 mins read
citrus

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Gaming is a popular pastime activity among over two billion people. It’s so popular that the gaming industry is now valued at $173.70 billion with estimates suggesting that it will sit atop the quarter trillion dollars mark in the next five years.

Sadly, despite this massive growth trajectory, the industry has always been one-sided. It’s almost always that only the gaming studios can turn in a profit while users only pay for in-game assets they do not even have ownership of. Making a livelihood from playing games has long been a pipe dream for many. However, new solutions are emerging with the introduction of the play-to-earn (P2E) model. All thanks to blockchain and crypto!

The Change of Blockchain and Crypto-Powered P2E Games

Innovation with blockchain and cryptocurrencies has helped turn gaming into a source of revenue rather than just entertainment for thousands of people.

Blockchain-based, play-to-earn online games are allowing users to earn crypto as incentives, and many have attested it as a secondary source of income. For instance, in the Philippines, a crypto player named John Aaron Ramos claims to have purchased two houses entirely with revenue from playing Axie Infinity, a P2E fantasy game.

The concept of in-game rewards has proven to be successful, allowing users to earn crypto for actions they take while playing the game. For example, Clash Crush Block is a fantasy game that allows players to earn crypto by completing in-game challenges. The game is similar to Candy Crush but with the added benefit of earning free cryptocurrencies.

Similarly, NFTs are powering the P2E space, allowing users to buy, sell and trade in-game items (as NFTs) even off the gaming platform, on secondary marketplaces. For example, Axie Infinity and Decentraland are leveraging the Ethereum blockchain to allow the exchange of in-game items as NFTs on OpenSea and other similar NFT marketplaces.

Challenges and Solutions within the Gaming Industry

Implementing a play-to-earn model is not that easy, and most industry professionals are humble enough to admit that the P2E crypto-based games will face several challenges before gaining widespread acceptance.

One major challenge for P2E platforms would be eliminating the potential anti-money-laundering risk since users will trade the in-game NFT products against crypto. While developers agree that there would be regulatory constraints, the majority feel that the most serious difficulties will be internal and are beyond the reach of authorities.

Another significant challenge would be that the opportunity to earn money via gaming would encourage certain abuses and hatred among gamers, destroying the ecosystem. Furthermore, most gaming platforms burn money by investing it in pointless upgrades and features that benefit no one but the platform.

However, solutions are emerging to resolve the existing challenges within the industry. One such solution is Citrus, a gaming token that aims to accelerate the transformation of gaming. It offers a wide range of solutions to the blockchain world through the DeFi ecosystem, NFTs, advanced DApps, etc.

With strict KYC/AML policies within the gaming ecosystem, Citrus aims to reduce the money laundering risks. Moreover, with the implementation of a strict reporting mechanism, it aims to eliminate in-game abuses or hate.

Further, Citrus will utilize the funds collected through the platform to create better utility apps, dApps (decentralized applications), and tokens that will benefit the Citrus community in return.

The ultimate goal of Citrus is to improve the P2E paradigm by making it more secure and scalable by employing features like a 100% audited code, low cost, and reliable investment model, as well as high-speed transactions.

The Future of P2E

While play-to-earn is still a new concept, it has the potential to change more than just the typical gaming scene. Furthermore, with the emergence of P2E platforms such as Citrus, the future of gaming is likely to become safer, more beneficial to players, and highly trustworthy. Citrus’ self-sovereign banking system, open creative economy, universal digital representation, and ownership could be a key booster to P2E’s rapid growth.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

FUNToken is going beyond basic play-to-earn mechanics by laying the groundwork for a scalable digital economy that targets the global...

NewsBTC 4 days ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 1 week ago

With no more minting, $FUN can skyrocket 500% on fixed supply announcement

On June 19, 2025, FUNToken officially froze its supply forever, locking the smart contract to ensure no future minting, no...

News BTC 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

From Inflationary Noise to Deflationary Wave: FUNToken’s Turnaround Story

News BTC 2 days ago

FunToken’s F2P Model: The Missing Link for Crypto Adoption

News BTC 3 days ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 4 days ago

Premium Sponsors

Press Releases

  • [Lightning Launch] CoinBase Miner Earns $9141 a Day...

    3 hours ago
  • 4 kryptomeny, vďaka ktorým toto leto zmeníš 1000 € na...

    19 hours ago
  • 3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    20 hours ago
  • 4 kryptowaluty, dzięki którym tego lata zamienisz 1000 zł w miliony

    4 kryptowaluty, dzięki którym tego lata zamienisz 1000...

    20 hours ago
  • 4 criptomonede cu care poți transforma 1000 de lei în milioane vara aceasta

    4 criptomonede cu care poți transforma 1000 de lei în...

    23 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.