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In today’s digital world, gaming has become more relevant, with an average gamer spending over eight hours per week in the digital realm. With the introduction of cryptocurrency to the gaming sector, a new model of gaming has emerged called the Play-to-Earn model.
The Play-to-Earn model, as the name suggests, is designed to help players win various cryptocurrencies, NFTs, or other digital assets by playing in the game. As one can imagine, the P2E model became an instant hit because of the ability to win in-game assets and several exciting prizes.
The growth of the P2E Market was significantly boosted during the pandemic as people struggled with a steady income. The lucrative and rewarding P2E games helped people generate a stable source of income doing what they love. Some studies suggest the popular P2E games have even entirely substituted the income of struggling households in emerging economies.
Apart from being lucrative for the players, P2E also helps new blockchain, DeFi, and NFT projects to quickly gain momentum. To that extent, more and more projects are incorporating P2E based games within their ecosystem. However, some projects do not have the right architecture to support this movement. 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 is a DEFI + NFT project that aims to provide a platform through which people can earn through the NFTs they own, and play exciting games, all while making a living out of it. 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 one of the first projects that aims to do something of this sort. 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.
To that extent, Momento has also designed a P2E gaming economy, where it aims to help all NFT projects create a Play-to-Earn model and expand their use cases. The project is developing a gaming ecosystem where players can use various NFTs along with $MOMENTO tokens within the game to win various rewards.
For example, a football game where users can compete with each other and earn exciting rewards or a casino where users can bet their NFTs to win more NFTs against other players or play against each other using the $MOMENTO token. Momento is offering a lucrative opportunity for NFT projects to expand their use cases and provide the immersive gaming experience of the P2E gaming economy.