Axie Infinity has brought the concept of “Play to Earn” close to the public. People no longer think that playing games is just entertainment or a waste of time, but gaming has become a form of investment that makes real money.
However, with “Play to Earn,” not everyone has the ability and courage to start because it requires newcomers to spend a considerable amount of money before they can earn.
So, is there a way for “Play to Earn” to be more accessible to the public? The concept of “Free to Earn” was born here.
1. Definition of Free to Earn
Free to Earn (F2E) refers to a business model for online games in which players can make money, but do not have to spend an initial investment.
This model is suitable for prospective players having limited capital and wanting free alternatives to earn from blockchain games. That is, the risk involved is zero.
Currently, Free to Earn is not popular in NFT Games. For NFT Games Play to Earn, you have to spend money to play. For example, the minimum cost to join Axie Infinity is hundreds to thousands of dollars. If you don’t put money in, it’s just playing for fun (Free to Play).
Therefore, Free To Earn is a combination of Free to Play and Play to Earn!
According to CoinMarketCap, there are currently a number of games such as Gods Unchained, Splinterlands, Chainmonsters, Coin Hunt World, The Sandbox that requires players no initial capital to participate.
2. Differences between Free to Earn, Free to Play, and Play to Earn
The short comparison table below will help you understand these different models better.
| Free to Play | Play to Earn | Free to Earn | |
| User Goal | Play for FUN | Play to EARN | Play for FUN & Play to EARN |
| Revenue | Advertising Virtual items sales | NFTs sales Tokenomics DeFi mechanics Other fees | Advertising Tokenomics |
| Entry Fee | Free | Paid | Free |
| Initial Risk | Zero | Token devaluation Illiquid market | Zero |
| Potential Risk | Zero | Initial risks (above) Lose games Problems with token | Lose games Problems with token |
| Player Scalability | High | Low | High |
As stated earlier, Free To Earn is a combination of Free to Play and Play to Earn! However, few free-to-earn NFT games projects have been launched on the market.
If more projects allow free entry to everyone, players will look for opportunities to earn money and then reinvest that money to yield greater returns in the long term.
3. Free to Earn NFT Games Project
GemUni is the first F2E Casual Gaming Platform on Blockchain.
When joining in GemUni’s Casual Gaming Platform, each user will be gifted an Avatar as a Free Pass (it is not an NFT) to:
- earn in-game rewards: EXP (experience score) and GENIX (in-game cryptocurrency);
- earn big prizes from certain tournaments and challenges.
With diverse addictive 1000+ Casual Games of all popular categories including Puzzle/Trivia, Arcade & Action, Simulation, Lifestyle, Racing, Sports, Party & Music, Idle Clicker, users can start playing and earning for free in all games and all modes with zero investment. Even non-crypto users can access NFT games to play at ease while earning another income stream.
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