Blockchain games take on the mainstream: Here’s how they can win
Gaming is now one of the most profitable sectors of the entertainment industry, with consumer spending in the United States growing 8% in 2021 to top $60.4 billion in revenue. Worldwide, the games market generated an estimated $180.3 billion in 2021, up 1.4%. Within that segment are the hugely popular play-to-earn blockchain-based games, which are growing at an even faster pace given their virtual standstill some two years ago. But are blockchain games good enough to compete with more mainstream titles?In its 2021 annual report, The Blockchain Game Alliance says that NFT games generated....
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Polyient Games co-founder Craig Russo referred to the partnership as "a major step towards bringing mainstream adoption" to the crypto industry. Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space.In an announcement today, Polyient Games said it would be partnering with esports tournament platform Community Gaming for a $100,000 series featuring games using non-fungible tokens, or NFTs. The esports games will reportedly “function as a method of introducing mainstream gamers to the world of....
The first digital trading card game to utilize blockchain technology, Spells of Genesis (SoG), is receiving some good news before its mid-September launch, seeing both positive reviews from both the gaming community and the crypto world. Replayability: Spells of Genesis’ Hidden Key to the Mainstream. There has been a positive response to the game, with....
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....
Play-to-earn games have made a big splash in the online gaming market. Here’s all you need to know about NFTs. With the recent success of NFT games like Axie Infinity and Gods Unchained, the gaming market has had no choice but to take a long hard look at play-to-earn games as a legitimate entry into […]
Several aspects of play-to-earn gaming can draw in a mainstream crowd. A long-term developer vision combined with no upfront investment requirements is an excellent place to start. Cryptopia wants to highlight those aspects and more through its blockchain gaming venture. Gaining Traction is Essential Despite the growing popularity of play-to-earn gaming, most projects have one crucial flaw in common. They all require players to either make an upfront investment or hold their rewards for long periods in the hopes of prices going up. While that is a sensible economic model, it also prevents....