PTE Game, a new GameFi firm established in Hong Kong, launched the world's first 3D NFT trading game, combines play-to-earn model, strives to be at the forefront of this new trend. 

The team includes well-known venture financiers, blockchain experts, and a development team with more than a decade of experience in traditional gaming. Idle Mystic, the company's debut game, was launched on August 26, 2021. The game sold out in less than six days.

According to the company, “We build blockchain games that combine DeFi and NFTs to create a truly unique and everlasting ECOSYSTEM.” 

NFTs and Play to Earn NFT games:

With the advent of blockchain technology, Non-fungible tokens have emerged in the gaming world. The “Play to Earn” concept is important for gamers. The idea is that they can earn tokens through gameplay and then use these tokens to purchase in-game items and can be converted into fiat currency.

Non-fungible tokens (NFT’s) are not a new concept, but what is new are games that are built around this model. For players, the benefits are clear - they get rewards for playing without waiting for a chance to earn them through gameplay. Play to Earn is a new trend in the gaming industry.

Non-fungible tokens are the future of video games. This trend has been gaining traction over the last few years and has already reached a point where many companies are entering this market.

NFTs are a type of digital collectible. They are items that one can buy and sell on the blockchain with different types of attributes, such as rarity, ownership, and personality. Non-fungible tokens are what you would call "digital scarcity" and there are two main types of NFTs: collectibles and provably rare items. These NFTs can be traded on a marketplace for various cryptos like ETH, BTC, LTC, EOS, etc.

Play to Earn NFT Games like Idle Mystic is a new way for people to receive rewards in the form of ETH by playing games. This new type of game allows players to earn in-game tokens and coins by playing and winning competitions against other players.

Pavan A

CBW - External Analyst

INDIA