Differences and exchange rates between currencies around the world have a major impact on global trade, and alongside advances in technology, cryptocurrency has become as popular a market as the dollar for e-commerce and digital payments. Cryptocurrency is used as a payment method for cars and high-end consumer goods and insurance, and it has also broadened as an investment market in its own right. All that’s needed is software such as a cryptocurrency wallet on a computer or phone, and users can choose from trusted platforms like Bitcoin, Ethereum, Litecoin, and Ripple, receiving whatever gains they make in real time.
Play-to-earn and move-to-earn game programs that grew out of cryptocurrency have also emerged as a prominent area for cryptocurrency investment. Thanks to trustworthy, verifiable Non-Fungible Token (NFT) trading systems, crypto gaming has become a market with many millions of dollars invested in it. It has become popular as a digital market where simply playing games can bring in money.
Easy-to-play, play-to-earn cryptocurrency games let players exchange in-game assets for cryptocurrency, while move-to-earn games are projects that reward players with cryptocurrency for staying active and moving in healthy ways. Play-to-earn brings the stress relief of gaming — battling alongside in-game characters, solving problems — while also letting players convert the in-game currency earned from completing objectives and winning battles into NFTs or move it into a cryptocurrency wallet. That digital currency can then be used again to purchase real-world goods. Because digital currency is earned for every active moment spent playing, play-to-earn games have become extremely popular. Plant vs Undead, Gods Unchained, and Axie Infinity are among the most prominent and most-played play-to-earn games.
After play-to-earn games became popular, move-to-earn was created, letting players earn cryptocurrency based on physical activity. Move-to-earn games combine crypto rewards with real business opportunities built around simply engaging in physical activity. The most popular move-to-earn platforms — which feel practical and hands-on, almost like creating and selling a product through your own activity — are Tamadoge, Battle Infinity, and STEPN. Tamadoge, for instance, has 20 million users, and its token price rose from $0.2 to $0.3 during 2022. STEPN, meanwhile, rewards genuinely healthy lifestyle activities such as walking, jogging, and running with crypto prizes.
In Myanmar too, cryptocurrency investment became popular among young people during the COVID-19 stay-home period, as a way to earn income without having to go outside. Because play-to-earn and move-to-earn game programs also offer free-to-play options, they can be played easily without any special investment, while still allowing players to invest in the access they want as they play and earn returns — making them especially popular among young people. Beyond simply playing a game, players have also become closely attuned to market trends, calculating and forecasting the price swings of the ROI (return on investment) tokens they’ve invested in. Because income can be earned just by playing games rather than through a business that requires large sums of capital, players across Myanmar increasingly treat their favorite play-to-earn and move-to-earn games not just as entertainment but as an investment — putting in whatever capital they can afford and trading through trustworthy NFT networks, as well as buying and selling game access.
In the past, computer and mobile games were played mainly as a way to unwind from the day’s work, but in today’s digital age, gaming has become a business opportunity — even a livelihood — that generates income while you play. As digital payments have become easier to use, the money earned through cryptocurrency’s play-to-earn and move-to-earn game platforms isn’t limited to sitting in a digital wallet; it can also be used freely to buy goods, which has made these platforms more popular and more firmly established than ever. Because these are digital platforms free of government involvement, it’s especially important to choose trustworthy blockchain platforms to invest in, so as to avoid being defrauded by bad actors or having one’s account hacked. Even so, in this digital age, cryptocurrency-linked play-to-earn and move-to-earn platforms have grown into a market of their own, and earning income simply by playing games can fairly be called a welcome advance in technology.