In today’s digital world, gaming has become more relevant, with an average gamer spending over eight hours per week in the digital realm. A new gaming model has been created with the addition of cryptocurrency to the sector. It is called the Play to Earn model.
Play-to Earn model is named after the Play-to Earn system. It allows you to play in the game and win cryptocurrency, NFTs, and other digital assets. P2E was a hit due to its ability to win both in-game assets, and other prizes.
The rise of P2E was much accelerated during the pandemic, when many were without a stable income. People were able to make a steady income by playing the lucrative, rewarding P2E Games. According to some studies, the P2E games may have completely replaced the income from struggling families in developing economies.
P2E not only makes it lucrative for the players but also gives new DeFi and NFT projects a boost of momentum. Projects are increasingly incorporating P2E-based games into their eco-system. Not all projects have the architecture necessary to facilitate this move. Luckily, Momento has taken upon itself to tie all NFT projects that don’t have use cases for their NFT together within its P2E gaming economy.
Momento’s P2E Gaming Economy
Momento, a DEFI+NFT project, aims to make it easy for people to earn money from their NFTs and also play fun games while earning a living. The concept of DEFI, NFT and Play to earn games are not something that a lot of people understand so the project aims to provide an all-in-one solution where it’s easy and interactive for everyone to understand all of these aspects and actually use it and also be able to earn through it in multiple ways. Momento is the first project to attempt this. There will be a play-to-earn (P2E) game where the NFTs will be integrated into it and an in-game staking feature that’ll enable people to make passive income through the NFTs that they buy.
Momento created a gaming ecosystem that allows all NFTs to create Play-to Earn models and increase their uses. It is developing a gaming platform where users can combine NFTs with $MOMENTO tokens to gain various rewards.
You could have a game of football where players can play each other to earn rewards, or you might create a casino in which users place NFTs and win NFTs against others. Or perhaps you would like to compete against one another using $MOMENTO token. Momento provides a unique opportunity for NFT project to increase their use cases while providing an immersive gaming experience in the P2E gaming ecosystem.