The Metaverse, play-to-earn and the new economic model of gaming

The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth $152 billion. This growth has meant that, since the introduction of Web 3.0, there has been a consistent rate at which Web 3.0 games are growing and garnering increased adoption. A lot of money is being made, and this has, in turn, attracted a lot of new developers to the space.

Related: Is a new decentralized internet, or Web 3.0, possible?

  1. Contest winnings: Players create their fantasy team to enter in contests, and they win money by just being in the top 75%.
  2. Network commission: Players can refer other smartphone users to the OneTo11 platform using a unique code. When their referrals participate in paid contests, the players earn 1.5% of their contest fee.
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