• Momento Ecosystem shifts P2E Economy
• A unique gaming platform that allows you to play with different NFTs.

Momento is an NFT/DeFi platform that helps to shift the P2E economic system. Their unique gaming platform allows players to use various NFTs in their game, not only offering lucrative opportunities for players but also use-cases for NFTs that currently don’t have one.

When it comes to adopting new technologies, the gaming industry is always forward-leaning. Many innovations in technology can be used for gaming. This includes high-speed internet and mobile-first interactive games, virtual reality and augmented reality. The gaming industry is a major adopter of cryptocurrency, which comes as no surprise considering that crypto mining was popularized by gamers with GPUs. NFTs also found their applications in the gaming sector.

Gaming is once again leading the way in Web 3.0. Web 3.0 and cryptocurrencies enable business models in gaming which wasn’t conceivable before. The Play-to earn economy has made this possible.

Gaming Paradigm Shift:

It has long been the accepted norm in this industry that gamers are there to have fun. The result is an industry full of players willing to pay more to play. But cryptocurrency has opened up a new way for players to not only enjoy playing but also make it a profitable investment option.

The Sandbox, a game where you can earn money by playing to win, is very well-known because of their unique economic system. A player can purchase in-game resources with in-game currency in traditional games, such as The Sims. The in-game currency and asset are incompatible with real world use. Blockchain technology addresses this issue by creating an infrastructure that allows these assets to be liquid.

The essence of the P2E economic system is to ensure that playing a game can be profitable and that a player’s time spent playing a game is rewarded. It is possible to make money from games. The value of your game will increase over time. Regularly playing games can help players earn tokens or items that they can sell to generate income. Blockchain is used to ensure that these tokens are collectible. These assets can be guaranteed to not duplicate and are scarce by using NFTs.

Each play-to-earn game’s mechanism can differ, but usually, the reward mechanism comes in the form of staking, farming a game’s currency, or generating tradable NFTs. Many online games have secondary markets and auctions that are fiat-based. However, P2E for cryptocurrencies has a significant advantage. It creates in-game economies and business models with blockchain’s inherent properties of provable ownership, legitimacy, and rarity.

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