March 31, 2023
Polygon News

Play-to-Earn Gaming Gets A Boost From A New Wave Of Blockchain-Based Titles

Protocols fuel the whole blockchain industry since they provide the mechanism for awarding digital tokens for completing particular tasks. Most individuals in the blockchain sector are acquainted with popular protocols like proof-of-work (used on blockchains like bitcoin) and proof-of-stake (used on cryptocurrencies like Ethereum).

As the name implies, play-to-earn entails a group of individuals participating in a virtual game to gain digital assets such as NFTs. Indeed, most of the usage of play-to-earn in the blockchain sector has been attributed to NFTs, which have grown in popularity significantly over the past year. NFTs have been utilized in a variety of fields, including art, athletics, and so on, and considering that games, by default, deal with virtual assets, this combination makes sense.

With more play-to-earn projects collaborating with various ecosystems, massive growth and support are deserved. For instance, platform recently collaborated with Chainlink to provide up-to-date price feeds for users on-chain. Also, the platform teamed up with polygon to integrate scaling solutions into smart contracts.

The advantage of the Polygon collaboration is that gaming can be inspected on-chain to ensure no foul play occurred, and for specific games, random number generation can be accomplished fairly and easily: both of the protocols incorporating Polygon’s smart contracts are patented. Unlike a traditional poker game, Polker does not need players to place any kind of money wagers to take part. Although the chips on Polker’s play-to-earn platform have no monetary value and cannot be purchased or sold, users may still win real money by playing to earn NFTs.