Post by Sesily on Feb 27, 2023 0:21:48 GMT -6
Gaming is growing faster than ever before. The gaming industry is currently valued at $173 billion, with very positive indicators showing that it will surpass the $300 billion mark in the next five years. Behind this boom is a recent surge in new players, especially in mobile platforms, which have made gaming a more practical and easily accessible experience for the estimated 2.6 billion gamers worldwide.
But for many, being online just for fun is no longer their primary driver. As the saying goes, time is money and players have certainly taken notice that they're making a big investment in virtual experiences with little return. So they’ve started looking for ways to monetize their hobby. However, beyond the world of eSports, there haven't even been many opportunities for casual players to cash in on the effort they put into gaming - until now.
The rise of blockchain games has turned the tables on the gaming industry by making players, and not developers, the main financial decision-makers.Play-to-earn (P2E) crypto gaming is a trend that shouldn't be overlooked. But before we get into the details, it's worth understanding how it all works.
Top Blockchain Games 2022
When compared to the traditional gaming industry, blockchain gaming is still very much a niche. But that isn't to say that can be scoffed at. While still a small parentage of the whole segment, there are now hundreds of crypto games and they're slowly racking up millions of players (and a whole lot of money).
So here's a quick look at the movers and shakers of the crypto gaming scene:
Axie Infinity
The undisputed king of all crypto games, Axie Infinity has taken NFTs to a stratospheric level. Described by some as a Pokemon-like experience, this game is populated by Axies (or digital creatures), with each being an NFT. Players can buy, exchange and breed Axies, and also used them to battle other players or teams in seasonal tournaments. Rare Axies can be worth thousands of dollars and a plot of virtual land recently sold for $1.5 million. What sets Axie Infinity apart from other gaming platforms is its booming virtual economy, where in-game tokens — Smooth Love Potion (SLP) and Axie Infinity Shard (AXS) - are seeing massive gains (of up to 5,700% as of recently). And unlike other big-name players, Axie also encourages players to cash out. Finally, AXS can be converted to Ether or fiat. The game has been a particular hit in some countries, particularly in the Philippines, where players have gone from making it a side hustle to a full-time occupation.
Blankos Block Party
Mythical Games was, of course, already a household name well before entering the crypto gaming market with Blankos. This game allows you to create your own colorful characters in the form of digital vinyl toys, with a focus on customized designs. It also lets users build and explore virtual worlds where they can collect unique 'Blankos', join quests and be a part of team games ("Block Parties"). Limited edition Blankos have been a major draw for investors, especially given the success of partnerships with names like Deadmau5 and Burberry.
Fairy Cat:
Fairy Cat gamefi fairycat .net is a virtual pet blockchain game Play to earn. The Fairy Cat Blockchain Game offers players and investors a very unique opportunity to collect, trade, battle and earn rare assets that greatly increase their income. Fairy Cats and all other in-game items will be stored as NFTs with a 1:1 equivalent of USDT in the player's wallet and thus can be sold for profit and freely traded.
Fairy Cat link: fairycat.net?ivcd=aB3jth
Invite code : aB3jth
Mobox
This free-to-play option combines gaming with decentralized finance (DeFi) and runs on the Binance Smart Chain. The developers of Mobox have said that this approach will bring gaming closer to GameFi as a platform where players and investors can access games from different blockchains in one single place. The main goal of the game is to allow players to participate in NFT games freely and earn money by playing. MBOX tokens are used for transaction processing, staking and governance in order to influence the development and allocation of resources within the MOBOX ecosystem. Currently, there are three games available on the platform, with two more games expected to be announced sometime soon.
