Blockchain v Traditional Games – Metaverse, NFT’s and Real Monetary Rewards | Future Gaming 2022

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What can we expect from blockchain play-to-earn games in 2022?

Blockchain gaming expoloded in 2021 and one of the reasons for this development is the play-to-earn model. Gaming moved on from from the users ability to hold in-game assets to earning real monetary rewards inside the game. So, what has 2022 to offer from blockchain games which incorporate the metaverse and the play-to-earn model?

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.

Conclusion

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.

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

 

 

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