The crypto economy is developing quickly through innovative smart contract development. Value and resources can be moved between two entities (either human or organisation) without relying on traditional third-party intermediaries and traditional legal practices.
The play-to-earn space has evolved quickly within the labor-to-earn category. Where labor-to-earn utilises smart contracts to create mechanisms for human labor to be rewarded digitally, at scale.
Play-to-earn utilises games built on the blockchain to allow gamers (both new and seasoned) to participate in a game and earn monetary value through gameplay.
Simply, play-to-earn gives the opportunity for people to play a game and earn money (in the form of in-game crypto currency).