Relying on the diversified gameplay and outstanding immersive experiences, games have attracted droves of fans and players. Moreover, their financial properties have allowed them to stand at the forefront of the Internet age, making them the undisputed ace of revenue. As giants such as Tencent, Ubisoft, and Nintendo introduce successful games and classic game IPs, the conventional game sector has become more well-established in every link.
Though traditional games have matured, they still face a number of pain points, which can be solved by the trending blockchain technology through its features of decentralization, transparency, and security. What will happen if blockchain is combined with games? The market has shown us the answer. The current total market cap of Play-to-Earn tokens has exceeded $17 billion, according to CoinGecko. In particular, VC funds, including well-known funds such as SoftBank’s Vision Fund 2, have invested more than $127 million in blockchain games in October.
In the past, the public view on games was one-sided. In other words, we used to believe that only developers or investors could get the revenue generated by games and that players could only enjoy the fun and spend their money on games. This traditional Free-to-Play model fails to meet the higher-level demands among today’s gamers. The Play-to-Earn model, on the other hand, has disrupted traditional gameplay. The model that allows players to make money while playing has quickly attracted plenty of players and fans. At the moment, blockchain games has drawn 1.26 million players.
A recap of the 5 most trending blockchain games in 2021 (in no particular order)
1. Axie Infinity
Axie Infinity is a phenomenal Ethereum-based game focusing on NFTs and the metaverse. Anyone can join the game and earn in-game tokens for purchase or trade through gameplay such as fighting and breeding. Right now, the 24-hour turnover of the game has exceeded $20 million, with a DAU of over 2.5 million. In some countries, even senior citizens who are in their 70s have started playing Axie Infinity because it brings them a decent income.
However, before getting started, players need to buy three “Axie” pets to breed new Axies. In this game, the initial investment (three pets) is about $700, and players earn roughly 230 SLPs per day. Based on the current SLP price ($0.06), the average Axie player makes $13.8, which means that the payback period is about 50 days.
2. The Sandbox
The Sandbox is an Ethereum-based metaverse where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token SAND. Here, you can play, create, collect, earn, govern, and own anything in the game.
There are multiple tokens in The Sandbox. For instance, a LAND is a digital real estate that players can buy with SAND to build pixel games. SAND can be converted into fiat money, and players can earn more tokens by playing, renting out their LAND, or staking their SAND tokens.
3. Farmers World
Farmers World is an NFT farming simulation game running on the WAX blockchain. According to data from DappRadar as of November 29, its trading volume in the past seven days exceeded $10 million, ranking first on the WAX mainnet. However, due to the drastic rise in the number of players, the gaming cost has become higher, and the payback period has increased from 3–5 days to 30–40 days.
In this game, the player or farmer picks suitable tools, exploits various resources, buys land to build farms, and enjoys the fascinating experiences of a farmer working in Farmers World’s Ecosystem. There are three main resources in Farmers World: Wood, Food, and Gold corresponding to three tokens: FWW (Wood), FWF (Food), and FWG (Gold). Using these tokens, players can buy new tools for more profits through farming.
Arc8 contains many casual games such as Asteroids, Hexonix, 99 Blocks, etc. Players can earn GMEE tokens by getting a high ranking in the daily tournaments or bet GMEE tokens through the 1v1 matches where the winning player can double or even triple their bet.
Splinterlands is also a WAX-powered game built on the Hive blockchain platform. The game focuses on turn-based card battles. It adds elements such as NFT and land auctions and introduced its governance token SPS on July 26. At the moment, the game’s DAU has exceeded 300,000, ranking first on DappRadar, and the figure is still growing.
Splinterlands is similar to the traditional game Hearthstone. Players collect cards and combine different cards to compete against other players. After winning a match, they receive cards and Dark Energy Crystal (DEC) rewards. Cards can be used to battle or upgrade levels. Moreover, they can also be sold or loaned to other players. The scarcer a card is, the more valuable it will be.
The Play-to-Earn model embraces the open economy concept and offers economic rewards for players who generate more value through gaming and spending time in a game’s ecosystem. This new game model is changing this conventional view that games are just another form of entertainment.
The above content may not be relied on as any investment advice.