Scholarship/Scholar Key Points
- In the context of crypto and blockchain, a Scholarship or Scholar refers to programs where individuals gain financial support to play Play-to-Earn (P2E) games.
- Scholarships are most common in the game Axie Infinity, where individuals, often from developing countries, are sponsored to play the game and earn cryptocurrencies.
- The Scholar usually splits their earnings with their Sponsor.
- These programs have gained popularity as they allow individuals with limited resources to participate in the crypto economy.
Scholarship/Scholar Definition
In the realm of blockchain and cryptocurrency, a Scholarship or Scholar refers to a program where a Sponsor provides the necessary assets to an individual (Scholar) enabling them to participate in Play-to-Earn (P2E) games like Axie Infinity. The earnings gained through the game are typically shared between the Scholar and the Sponsor.
What is a Scholarship/Scholar?
A Scholarship/Scholar is a concept derived from the Play-to-Earn gaming model, particularly popularized by the game Axie Infinity.
Scholars are individuals who are sponsored by another party (the Sponsor) with the necessary in-game assets to play.
This allows people who might not have the financial resources to buy their own gaming assets to participate and earn from these games.
Who Can Become a Scholar?
Anyone with the necessary gaming skills and access to a stable internet connection can become a Scholar.
Sponsors typically look for individuals who are committed, reliable, and can spend a significant amount of time playing the game.
Although anyone can become a Scholar, these programs have become particularly popular in developing countries where individuals can earn a significant income from playing these games.
When Did Scholarship/Scholar Programs Start?
Scholarship programs started gaining traction in 2020 with the rise of Play-to-Earn (P2E) games, particularly Axie Infinity.
As these games became more popular and the potential earnings increased, more Sponsors started offering scholarships to expand their earning potential.
Where Can You Find Scholarship/Scholar Programs?
Scholarship programs are most commonly found in the Play-to-Earn gaming world, particularly in games like Axie Infinity.
Sponsors and Scholars often connect through online communities, social media groups, and gaming forums.
Why Are Scholarship/Scholar Programs Important?
Scholarship programs are important as they democratize access to the Play-to-Earn gaming world.
They provide an opportunity for individuals who may not have the financial resources to buy their own gaming assets to participate in the crypto economy.
This can provide a significant source of income, particularly in developing countries.
How Do Scholarship/Scholar Programs Work?
In a Scholarship program, the Sponsor provides the necessary gaming assets to the Scholar.
The Scholar then plays the game, earning in-game assets that can be converted into cryptocurrency.
The earnings are then typically split between the Scholar and the Sponsor according to a previously agreed upon ratio.
