Play to Earn (P2E)

What does Play to Earn (P2E) means?

These are decentralized games powered by smart contracts that reward players with tokens and digital assets. P2E gamers often access the games via their NFTs or specific tokens.

Examples

Axie Infinity
The Sandbox
Lucky Block

Random Slangs

Verified contract

A smart contract that allows users to interact with and audit a contract code, allowing them to independently verify that it works according to what’s

Hashrate

The hashrate measures the mining speed of your CPU per second, and the unit is hash/sec. Thus, miners put in resources to ensure their CPU

Utility-focused NFTs

These are NFTs that offer real-life uses or tools to perform a task. An excellent example of a utility NFT is Moonly, which gives unique

Fractional ownership

Partial ownership rights over an NFT. Sellers can sell percentages of a work and buyers can buy a portion based on what they can afford.

Snag

To quickly buy an NFT due to a price drop. People often use it synonymously as sniping. For instance, someone might tell you to snag