In the play-to-earn model, all the digital assets you own within the game are empirically yours, and you can do whatever you want with them.
Video games have traditionally been seen as just a hobby to pass time. They have had little connection with real life. As a gamer, all your achievements in a particular game stayed in the game, known only to you or your co-players. But whatever items you earned/collected like weapons or skins within a particular game eventually belonged to the game’s developers. There was little you could do with them outside the game.
So, if the developers chose to shut down the game or strip certain features that affect these in-game items you own, there would be no scope for recourse. You would simply lose access to all the items that you may have collected over a long period of time. That is precisely what the play-to-earn model (P2E) gaming model could change forever.
In the past year or so, cryptocurrencies, non-fungible tokens (NFTs) and their underlying technology blockchain has gained immense popularity. And being at the forefront of technological innovation, the gaming industry also incorporated some new technologies. The result was the birth of the P2E model.