Play to Earn - Business Game Model or just a type of gamers

NFT has recently risen dramatically in the gaming industry, causing the phrase “Play to Earn” to
become more commonly used in the community. However, this phrase is being widely used in a
misleading way, causing confusion for players, and putting many people at risk of losing money.

I. The truth about the term “Play-to-earn model”.

There are a lot of misconceptions regarding the meaning of “Play-to-earn” because of the wide
variety of explanations that players acquire from the Internet. In there, the term “Play-to- Earn” is
defined as a new business model in the age of NFT, as a new way to make money for
consumers.

But actually, this is not a model, it just represents a group of users who would spend most of
their time playing the same game since it would actually take this long to accomplish the
numerous objectives that made up the experience. Until these gamers want to quit the game,
they might decide to sell their in-game assets (weapons, abilities, and costumes) to other
players who may be able to put them to good use. 

This is what “Play To Earn” means.

These users are often represented in different forms: people who trade their game accounts,
people who participate in-game tournaments, people who sell their in-game assets because
some individuals don't want their time spent for the game to become worthless.

II.  Play-to-earn and how it detracts from the entertainment value of the game. 

Games were initially designed to amuse people by offering a variety of difficulty levels and
genres. However, many individuals have taken advantage of the popularity of the term “Play to
Earn”, turned the game into bait to lure people without precautions and take money from them. 

These scammers launch games with the introduction that it is possible to earn real money
participating in their projects, promise the player that they can make a large amount of money
with just a small investment, and constantly use the term “Play to Earn” to convince the
participants who were still confused about this phrase.

Furthermore, due to a lack of knowledge, many individuals who merely heard the game’s
commercials decided to participate in these activities. They seek to discover a method to earn
money rapidly and effortlessly, easily becoming victims of fraudsters. These players are only
looking to make money, not because of the excitement of the game. 

III. What should be considered before becoming a "Play to Earn" player.

Currently, “Play to Earn" designed NFT games are flooding the market. These projects are often
easily ponzi and scam, in which participants then risk greater loss of money. The most visible
and recognizable indicator of these projects is the constant advertising that promises huge
profits to blind investors at the beginning of the game. Also, if you are asked to contribute a
financial package to enter the game, be cautious, as they may deduct funds from the latter to
pay for the former. 

Investors should participate in the game with a team with a public identity and information.
These are the projects on which the team has staked its reputation when building and
developing the game. As for completely anonymous projects, investors do not know who the
development team is. This will easily lead to fraudulent investors, withdrawing capital, and
taking investors' money.

To limit the above situation, the core factor is still on the investor's side, which needs to be wise,
to learn carefully about the game, the development team, and the investment fund. Above all,
gamers should have fun playing games and be inspired to stick with them rather than perceiving
gaming as a way to earn money quickly.

Last but not least, if you're serious about investing in an NFT game, you'll need to put in the
time and effort for the game that you genuinely enjoy playing, not because you're following the
latest "get rich fast" trend or influenced by others' suggestions.