Pay to Lose or Play and Earn?
The gaming industry showed great resilience during the 2020-21 pandemic period, adding more than 300 million new users and $180 billion in revenue. Gaming is considered the hottest sector globally, and it is expected to reach a valuation of $320 billion by 2026-27. Thanks to the digitization of communities and the increase in mobile penetration worldwide, all age groups have a massive interest in gaming. It has become the ultimate form of entertainment and engagement on the internet. Over the years, gaming was treated as a leisure activity with zero financial upside. Players are the ones....
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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 […]
We’re now into just the second year of play-to-earn prevalence, and while there is still a long journey towards market maturity for NFTs, blockchain technology, and P2E platforms, there is still plenty to takeaway in the brief time that the market has evolved. Play-to-earn atmospheres have proven that the way we engage with gaming titles, […]
BeaRex, the first blockchain-based Play-and-Earn runner, announces the launch of its beta version of an Instagram AR Mask game that will make it even more exciting and engaging in its bright universe. BeaRex redefines the Play-and-Earn gaming category by bringing together Free2Play / Play2Earn gamers and NFT investors into one collaborative ecosystem. Play-and-Earn is a […]
Anyone fairly acquainted with the blockchain and gaming industry must have heard of Play-to-Earn games and the sway these hold amongst the community. Trends from the last few years indicate exponential growth both in terms of user base and revenue. And given the present market dynamics and the craze around NFTs, the Play-to-Earn space seems […]
The rise of blockchain technology has led to a paradigm shift in the gaming industry. Non-Fungible Tokens(NFTs) and cryptocurrencies allow for Play-to-Earn mechanics that let players earn revenue through in-game activity, turning the traditional Pay-to-Play model on its head. The King is dead, long live the King! Play-to-Earn games are one type of blockchain game in which players earn unique NFTs through in-game advancement. In blockchain gaming, players have complete control over their digital assets. In traditional games, the player may lose access to their collectible items if the....