Apr 21, 2022
Play to earn is a Web3 category some of our readers might already accustom to. The idea is simple. The player performs tasks and in return, he receives a tokenized reward that can be held, swapped, or traded for fiat currency. Hence the name play to earn.
Apr 21, 2022
You might have already heard of the term tokenomics if you are interested in crypto projects that often do not rely on their own blockchain but rather on other driving factors. The term has become quite popular in the last few years and basically describes the incentive structure that is underlying a blockchain protocol and its token. If the tokenomics are well formulated a token may thrive and increase in value. Hype and market sentiment is a factor that drives value in the short term. The tokenomics on the other hand focus on the long-term value and are therefore more important to investors rather than traders who are looking to realize profits in a very short amount of time. How are tokenomics working and how do they define the value of a token?