Vortex Gaming

Blockchain is a technology that proves the ownership of a digital asset through a receipt that verifies the transaction. Within the technology, there is a function that prevents forgery and tampering.

The ownership of digital assets such as items, game money, etc usually belongs to the players instead of the developers, and players are able to exchange it for money through transactions.

P2E stands for Play To Earn, which means "play to make money". There is a negative connotation to P2E games that those games are not for entertainment, but rather just means of making money. So nowadays, it is being replaced with the P&E (Play and Earn), which means "play games and also make money." The essence remains the same, but the name (acronym) has changed a bit.

They are services that allow you to obtain digital assets through methods other than gameplay. The "To Earn" stays and is used after other methods such as M2E (Move), L2E (Live, Like, Learn), C2E (Create), S2E (Sleep), and D2E (Drive). For example, "Move To Earn" refers to a service that lets you acquire digital assets by walking. Altogether, these are called X2E.

In a regular game you would typically be encouraged to make use of in-app purchases to buy diamonds, gold, items, etc. In P2E games, the opposite can also happen. You can earn gold in the game, buy cryptocurrency with the gold, then sell that cryptocurrency at a trading platform for cash, or even buy other cryptocurrencies that can be converted to cash.

If you want to convert gold into cryptocurrency, then that also means that there has to be people who want to buy your gold with cryptocurrency. Therefore, the ratio of these two is very important. Allowing unlimited exchanges can cause inflation and plunge the value of the cryptocurrency being used. That is why the total amount of a cryptocurrency is often fixed, and the market price changes depending on the supply and demand.

It all depends on the game. Some games require digital assets like NFTs in order to earn game money. And some other games won't let you play at all without NFTs.

You've probably heard of Non-Fungible Tokens. They have the function of proving your ownership of an asset, and can be compared to a house deed in a sense. NFTs can be items like weapons and armor, or facilities like land and castles. Normally, players can buy and sell NFTs to and from other players. Some games even offer NFT rental services.

NFTs are often required to earn cryptocurrency that can be exchanged for money. In other words, you have to buy NFTs to make a profit. Depending on whether you have an NFT or not, the amount of cryptocurrency you can earn from playing the game may vary. And even if you don't play, you might receive a certain amount of cryptocurrency dividends if you own an NFT just like you would if you own stocks.

You can buy NFTs on NFT trading platforms such as OpenSea and Marketplace, or you can buy them from the game company during INOs. Please check #19 for more information on INOs.

You need an account for a blockchain wallet (Metamask), an account for a cryptocurrency trading platform (Upbeat, Bithumb, Coinone, etc), a bank account connected to the exchange, a VPN, and a Google account set abroad.

Wallets serve the purpose that bank apps do, and act as a storage of transaction receipts for digital assets. You will be able to use your digital assets after connecting your wallet and verifying your ownership in the game. A wallet also stores your cryptocurrency earned from playing the game. There are many wallets, but Metamask, Kaikas, and Klip are used the most. There are different wallets that are compatible with different games, so it is a good idea to create all three of the wallets mentioned above.

You can exchange your cryptocurrency for cash on trading platforms like Upbit, Bithumb, Coinone, etc. Famous currencies like Bitcoin can be traded on almost any exchange, but depending on the currency you have, some can be traded only on certain platforms.

You may not be able to play P2E games depending on the laws of the country you reside in, with South Korea and China being prime examples. In such cases, the government prohibits personal ownership and monetization of digital assets. Therefore, it is common for games to restrict access of players depending on the IP address they are accessing from. When this happens, you need to use a VPN to change your IP location to a different country in order to access these P2E games.

If you pay for a good VPN service, it will provide you with features like country selection, high speeds, reliable connections, and higher security. Above all, speed is the most important. For example, real-time PVP games can only really be enjoyed on a stable ping.

Unicorn and 1.1.1.1 are not VPN programs, but are DNS services. Simply put, they can only trick your device into gaining access. However, since there is no feature that will connect you from a different country, it may cause problems like not being able to connect your wallet when it comes to playing P2E games.

You have to create an overseas Google account in order to download and update the wallet app and game. A Google account you signed up for normally without a VPN automatically sets to South Korea through a self-verification process, meaning that you cannot download and update P2E games. So you must switch to an account that has not been mobile verified to play P2E games.

An AirDrop is a type of promotional event. It is like a giveaway event to celebrate the launch of a game, with the prizes being cryptocurrency that can be cashed in. In rare cases, NFTs are given away through AirDrops as well.

INO stands for Initial NFT Offering. It points to a process when a game company first creates and sells their NFT to users at a fixed price. In other words, the company is selling the ownership of digital assets (items, etc) to the everyday user. This can also be called a Pre-sale because the NFTs are often sold in advance before the game is released. Similarly, ICO means the selling of coins when they are first created. It is the same as when a company goes public in the stock market and has an IPO of their stocks.

Gas is a transaction fee that you will have to pay when you transfer or exchange cryptocurrency. This is called a Gas Fee. The fee may change depending on the amount or type of cryptocurrency. Depending on the wallet or trading platform, cryptocurrency may be used for the Gas Fee.

This is because it is important to see what coins the game's digital currency can be exchanged for. Furthermore, factors like the trading platform you use, the types of coins you already have, and the transaction fees may be heavily influenced by the type of blockchain. If you start a new blockchain game that you have not played before, you will need to put a lot more effort into considering things like the currency exchange rate, supported trading platforms, creating a wallet, etc. Above all, the price of the coin is essential.

2023-01-13