Play-and-earn is the secret to mainstream NFT gaming adoption
Many blockchain games are being created and promoted as blockchain games, not great games where decentralized tech is just one element. Since 2017, dozens of projects have created games that use blockchain and nonfungible token (NFT) technology. The overall vision is inspiring and has attracted a solid base of fans and investors in equal measure. However, the industry is still in its infancy, and we have a long way to go until it achieves mainstream adoption.There are various hurdles on the path to this promised land. Some of the primary barriers are that NFT games have relied too heavily....
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The gaming industry is going through a massive growth phase, and the play-to-earn model opens new opportunities for blockchain gaming. If you're conversant with the cryptocurrency space and you keep tabs regularly on the happenings going on in the ecosystem, then you felt the excitement during Bitcoin's (BTC) rally to $63,000 in mid-April. This excitement is currently being caused by the bullish mood crypto enthusiasts and stakeholders are in at the moment. And this bullish sentiment is a result of the gaming niche. A lot of people say it's decentralized finance (DeFi) season and I can't....
There is a change happening in blockchain gaming. After its astronomical rise over the course of the past year, many successful games are trying to address concerns about sustainability by focusing more on gameplay, graphics, and storytelling in order to retain players. This shift from Play-to-Earn to Play-and-Earn shows the maturing of blockchain gaming after […]
Yield Guild Games is a big name in the blockchain gaming and gaming guild industry vertical. Its subDAO Yield Guild Games Southeast Asia (YGG SEA) has secured $15 million in funding through two private rounds. It is another example of how strong the momentum of play-to-earn gaming is in that part of the world. The […]
The blockchain is fast spreading its “tentacles” to different consumer sectors, and adoption is at break-neck speed. Over the last decade, the revolutionary technology has proven to be worth its weight in gold, with many applications within and beyond the world of (decentralized) finance. One of the industries getting disrupted by decentralized finance in recent times is the gaming industry. GameFi is the new buzz in the cryptocurrency industry. By bringing together DeFi, NFTs, and the practical application of blockchain technology to the gaming industry. There is currently a paradigm....
PRESS RELEASE. The gaming ecosystem has been at the forefront of the NFT and other blockchain innovations’ adoption. However, despite the impact of the play-to-earn gaming model in driving blockchain adoption, it has been highly criticised due to most gaming projects’ models.
It is believed that blockchain games sacrifice the quality of the gaming experience with the opportunity to earn or make more playing these games. Is this the truth? Well, yes. Although this might have been the norm but, with the evolution of blockchain games, the narrative is changing.
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