The Metaverse, play-to-earn and the new economic model of gaming
The gaming industry is rapidly growing, and the emerging play-to-earn model coupled with blockchain and the Metaverse is the future. The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth $152 billion. This growth has meant that, since the introduction of Web 3.0, there has been a consistent rate at which Web 3.0 games are growing and....
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The metaverse is expanding. An immersive world replete with interactive experiences is opening up in front of us, and thanks to the nascent play-to-earn model and NFTs, economic opportunities are baked in. Although it’s too early to say whether the metaverse will achieve widespread adoption, and in the process become a hub where participants can […]
Traditional gaming is moving to the blockchain, and in more ways than one. CoinTelegraph recently reported on this, for the full deep dive check out the article here. Let’s revisit here why industry is about to explode and here is why: The gaming industry is growing, FAST. The number of gamers sits at 3.24 billion per a recent report from Statista. With the expansion of mobile network users across Latin America and Asia over the next decade this number will only continue to grow. Blockchains make it possible for gaming economies to organically form. By adopting a Play-To-Earn model, the....
PRESS RELEASE. Playing games has taken another dimension entirely through a new play-to-earn model that makes earning generating crypto revenue easier than ever. Revolve Games is revolutionizing the way DeFi staking is integrated with blockchain gaming by debuting a Metaverse where players can earn rewards according to performance.
Current games fall short in unlocking the true value of play-to-earn NFT games. But a token-staking play-to-earn model is what the NFT scene needs so players can fully dive in the immersive gameplay of the metaverse and capitalize on their skills and....
The key differences between play-to-earn and move-to-earn explained. Are you ready to earn money while you play and move? P2E vs. M2E GamesThe key differences between P2E and M2E are the rewarding system and the revenue model. As you can tell, there are some differences between the P2E model and the M2E model. Both of them are so much more than virtual gaming, that’s for sure. P2E is expected to transform from a trend to a mature concept. The gaming industry is exciting, but it should not be forgotten that relaxation and community engagement should remain central. Real gamers care more....
The race to set up the building blocks of the metaverse is on and many companies are hard at work establishing the world’s first open-source, decentralized virtual universe. This race has in part been galvanized by the rise of NFTs (Non-Fungible Tokens), whose values have shot up in price in direct correlation with rising cryptocurrency prices. One of the biggest initiatives out there currently working to establish a metaverse with a play-to-earn gaming model is the SIDUS HEROES project. This is a first-of-its-kind Web Graphics Library (WebGL) and massively multiplayer online....