P2E and metaverse are the most viral concepts of 2022. In this article, we will find out how they are related to each other and how P2E contributes to the development of the perfect metaverse.
What is the Metaverse?
In 2021, the word metaverse was on everyone’s lips. For instance, in April, Epic Games got $1 billion investments to turn Fortnite into a metaverse. A few months later, Mark Zuckerberg claimed that Facebook would be renamed Meta Platforms Inc. However, the concept of the metaverse has a longer history: it comes from Neal Stephenson’s science fiction novel Snow Crash, written in 1992. The story depicted the reality similar to the upgraded Internet where people could exist, communicate, collaborate, and interact in the physical and the virtual worlds in real-time.
In the 2000s, the gaming world started making this dream come true with Second Life and Habbo Hotel pioneering the market. During the next decade, gaming was developing and, finally, enabled people to enter digital reality. There they could make friends, achieve goals, travel, and even visit concerts of such artists as Ariana Grande. So, currently, the metaverse can be defined as a virtual world that unites people and aims to connect different digital realities. This aspiration has impressive prospects of success due to the constant development of P2E gaming.
P2E and the Metaverse
P2E and the metaverse are closely related. Firstly, the metaverse means the unity of digital realms, while P2E is a collective idea of various online realities united by the same concept: play daily, develop your skills, and earn. Secondly, the bloom of the P2E industry leads to the consequent development of the metaverse let’s point out how it happens.
P2E contributes to the positive competition in the gaming market. Developers have to think their concepts through to attract more players, holders, and investors. As a result, new artistic discoveries are made, new technologies are developed, and the quality of the games increases.
Do you remember Madonna’s old song Material Girl? “We are living in a material world. And I am a material girl!” she claimed in this pop banger. Though this line was supposed to be ironic, every joke has an element of truth: nothing makes the world as realistic as money, and the metaverse is no exception. P2E literally materializes it because it enables people to earn by playing online. Meanwhile, gamers are not the only ones who can benefit from P2E. For instance, P2E platforms provide users with opportunities to stack currencies and buy, sell and resell NFTs. So, thanks to P2E, people get rewards in crypto, which boosts the development of the decentralized digital economy.
The Unity of Realms
To make P2E gaming comfortable and accessible to everyone, developers work on guilds where users can lend and borrow digital assets in the form of NFTs and use them later to earn money. In most cases, such guilds unite several games, so that a player or a holder can switch from one product to another, use them simultaneously, or, in other words, travel between the digital realities. So, P2E forms realistic meta-connections.
P2E gaming contributes to the development of some new digital reality that may initially have a positive effect on the material world. Firstly, P2E gaming enables users to have overall control over their assets without being scared that they can be stolen: NFT keeps the proprietary rights of the owners clear. Secondly, P2E makes the metaverse accessible to people of all nationalities and genders from all over the world. In a word, it shapes a healthy digital society, where people earn, learn, and communicate equally without any prejudices.
The perfect metaverse is still under construction. However, it has proven to be more than a trend. And, since the digital world becomes more and more material with the help of P2E, the metaverse may become the real future of the Internet.