There is the recent trend about blockchain games. One of the major reason is that it employs the play-to-earn model. What are blockchain games about? Why are they so popular? Are they really worth the hype? There is a lot about blockchain based games that people do not know about.
As a matter of fact, some blockchain games did not start out as blockchain based games. They are products of partnerships between traditional gaming outfits and blockchain firms. With the recent rave about them, we are looking at what to expect from these games in the year 2022.
2021, the arrival of play to earn games
2021 was indeed the year for blockchain games. A number of projects were launched last year. Although, not all the blockchain projects that were launched last year. However, it was in 2021 that most play-to-earn games peaked. One of the major reasons for the booming of blockchain gaming in 2021 was the introduction of the “Metaverse”.
The Metaverse is a virtual blockchain world that offers players a more immersive gameplay. Before the introduction of metaverses, blockchain games were often straightforward and too simple. With the introduction of a blockchain world, gaming outfits can now offer broader gaming experiences. Asides the major form of gameplay, the metaverse helped the game introduce multiple minigames within the actual game.
At this moment, blockchain gaming outfits are working towards expanding the uses of the Metaverse. Polkacity for example is working towards creating a Workverse within its metaverse. Sandbox recently partnered with Snoop Dogg to launch the Snoopverse within the Sandverse.
Traditional Games vs Blockchain Games
What makes blockchain gaming projects different from traditional games? The answer is simple – the play-to-earn (P2E) model. To better understand the play-to-earn concept, let’s look at traditional games first.
In traditional games like Grand Theft Auto, players often hold in-game assets. Emphasis is on the term – hold, because players are not the real owners of these assets. They cannot trade them for real monetary rewards. It does not matter if players spend real money to acquire these digital assets. The moment a player drops his phone, PC or gaming console, his ownership ends there. In simpler terms, the money flows in one direction.
Blockchain games on the other hand employs the P2E model alongside other models. With the play-to-earn model, where players earn real rewards for simply playing games. To ensure that players are actually earning rewards that are real, blockchain games employ the use of non-fungible tokens. These tokens are representation of in-game assets and rewards. Players can simply trade in their NFTs for cryptocurrencies and earn real money.
Besides the play-to-earn model, some blockchain games also employ the free-to-play model. This implies that players do not have to buy-in into the game. They can often start playing for free. However, this does not apply to all blockchain-based games. Many of these games requires that players have one or more NFTs (which they have to buy) before they can start playing.
What can we expect from play to earn games in 2022?
Following their massive success in 2021, it is only normal to expect games built on blockchain technology to continue thriving. Another expectation is the shift from creating a virtual world to simulating the real world. With time, blockchain games will incorporate more of the real world into the course of gameplay. For example, Next Earth is creating an AR version of the earth in its gaming projects. DeRace is also immortalizing thoroughbred horses into its gameplay.
Another thing to expect from blockchain gaming outfit is that they will focus on more their communities. In this regard, the profit sharing system will transcend the P2E model. Some blockchain outfits are already launching staking pools for their game’s native token. This trend will become even more rampant in 2022. They will even educate their community members on how to earn simply by playing games.
Blockchain games are changing the way people see gaming. The project that became mainstream will continue to grow in 2022. As a matter of fact, its growth will extend far beyond 2022.
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