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Play2Earn (PlayToEarn)

Play-to-earn is a term used to describe a business model in which users can earn rewards or cryptocurrency by playing video games. The idea behind play-to-earn is to provide an incentive for gamers to spend more time playing a particular game, and to reward them for their engagement and contributions to the game’s ecosystem.

In a play-to-earn model, gamers can earn digital assets that can be traded or used within or outside the game, by completing in-game challenges, competing with other players, or achieving certain milestones.

Play-to-earn games are becoming more popular due to its ability to offer a new source of money and open up new options for people who might not have access to traditional occupations. By introducing them to a new audience, they also have the ability to accelerate the adoption of cryptocurrencies and blockchain technology.