The idea of “X-to-Earn” gained traction in the cryptocurrency and Web3 space in just a little over a year and has since undergone a number of transformations.

For example, blockchain developers have come up with the concepts of Play-to-Earn (P2E), Move-to-Earn (M2E), and Watch-to-Earn (W2E) to encourage the use of their products while also rewarding the end user for their engagement.

Play-to-Earn:

Play-to-earn has by far been the most extensively embraced crypto monetization approach to date. Its development has been specifically linked to the gaming sector, which is attempting to transition from traditional game companies and titles to Web 3.0-based mechanisms.

Play-to-earn (also known as PE2) enables users to obtain rewards with real-world value in exchange for spending time in a game, competing against other users, advancing through levels, performing tasks, and winning competitions. The spectrum of incentives has expanded as this paradigm continues to change.

The ability to make money while playing games is undoubtedly a key factor in the popularity of crypto games like Axie Infinity, The Sandbox, and Gods Unchained.

Learn-to-Earn:

As more people get interested in and strive to educate themselves on subjects like cryptocurrencies, blockchain, Web 3.0, and the metaverse, this particular model has been gaining traction in the cryptocurrency space.

The concept is easy to understand.

You can perform a variety of tasks on L2E platforms, including reading articles, answering quizzes, watching videos, and following tutorials on a variety of topics. You receive tokens for your effort in learning new abilities and information.

Move-to-Earn:

The Covid-19 pandemic and the growing popularity of PE2 games signaled the beginning of a new blockchain trend centered on the notion of compensating users for staying active.

This X-to-Earn model, which combines gaming, decentralized finance, and fitness, can be thought of as a subset of GameFi.

While the NFT incentives associated with M2E vary from game to game, users can generally anticipate receiving prizes (tokens) for exercising, whether it is a daily walk, swimming, or running, completing chores, or participating in fitness competitions.

Wellness-to-Earn:

Users that invest in and enhance their well-being, particularly their mental health, are rewarded by Wellness-to-Earn models.

This X-to-Earn paradigm can be thought of as a subset of Move-to-Earn, with the exception that you won’t have to move in order to earn tokens; rather, you can keep things light by engaging in other activities like: mindfulness and meditation, concentrating on constructive actions, getting enough sleep, and supporting others’ mental health, among others.

Similar to M2E, Wellness-to-Earn apps monitor users’ progress using a smartphone, fitness tracker, or wristwatch. You can receive incentives for your dedication to living a healthy lifestyle, such as in-platform tokens and discounts at wellness retailers.