Reddit founder predicts 90% of games will be Play-to-Earn crypto games in 5 years

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Alexis Ohanian said the emerging model – which uses blockchain technology to issue in-game crypto tokens that can be exchanged for real-world currency – will allow people to make significant amounts of money just by playing video games. Follow our live coverage of the crypto market “In five years, you will actually value your time properly, and instead of being harvested for Recommended Tonga receives hundreds of bitcoin donations after volcano devastation The implications of the new virtual economy arising from Play-to-Earn and blockchain gaming were noted in the Kraken Intelligence annual crypto report, compiled by crypto researchers at the eponymous cryptocurrency exchange. “Some have argued it may have the potential to make a significant impact not just on gaming but also in broader society as an alternative to universal basic income, as Play-to-Earn can serve as an efficient medium of providing low-skilled workers with a livable income through true ownership and in-game rewards.” There are a number of forms Play-to-Earn can take, from adorning your character or avatar with a company’s logo, to offering services within the metaverse. “Looking ahead, it is possible many will make a career out of being in the metaverse, architecting digital buildings, hosting events, and playing via Play-to-Earn game mechanics as the industry grows and commercial involvement increases,” Kraken’s report noted.