2021 was probably one of the most interesting years in the development of blockchain technology. In addition to the intense growth of several key cryptocurrencies and tokens, all the media were flooded with hysteria about the new and non-trivial NFT market.
Let’s investigate the complexities of blockchain with the CEO of PaperUnicornGames, why diversion studios are betting on blockchain, how blockchain-based gamification will alter the video amusement advertise, and how the foremost well-known blockchain diversions are organized.
Certainly, 2021 can be called the year of NFT. Lots of million-dollar deals and aggressive marketing of a number of collections.
What about the weekly infomercials from Bored Ape! Below you can see the monthly trading volumes in the NFT market, taking into account the different platforms. You can learn more on the website.
This development of NFT entails questions about its use and application, and of course, awakens the interest of the big players.
Strangely enough, the most interesting sector of the digital products market was the gaming industry. You have probably already heard about blockchain games, where it is possible to earn tokens.
Blockchain games: what is it?
Blockchain games are games that are made based on blockchain technology and use elements of cryptography, that is, they are often games that use cryptocurrency as an in-game tool.
Let’s take a look at the use of such technology within game products.
The most important thing that this technology carries within the game is the absolute possession of this or that item. By buying, for example, an in-game NFT token, the player can be sure that he has a really rare object and can dispose of it outside the game.
It becomes possible to trade with others absolutely unhindered, without giving up his entire account, for the sake of a single item. You could say that this provides a whole new player-driven economy where everyone can create their own unique content.
The question arises, so how will the developers monetize their game if the skins are created not only by them but also by the users? The easiest option is a commission on the trade.
This can be compared to the percentage that is deducted from the artist with each subsequent resale of his NFT.
It is worth mentioning, the most popular type of game at the moment, with a special in-game economy – are farming-based games. Now on the crypto market, we have many games that allow you to farm cryptocurrency.
These are DeFi games where you can really make money, though in a certain equivalent, cryptocurrency or NFT.
Are crypto games a trend in 2022?
Blockchain technologies have become increasingly complex and interesting over the past few years.
They are evolving and scaling. With a large number of people at home over the past two years, interest in digital products, including cryptocurrency and crypto games, has only grown.
The ability for players to not just buy items and spend money within the game, but to earn it themselves, is generating a lot of interest among gamers and the big players in the gaming industry.
Interestingly, many crypto games give cash rewards for primitive actions – completing quests and gaining experience. Just one of such games Axie Infinity got a lot of flattering reviews and really is a very successful project.
Is it safe to say that it could be a full-fledged job for someone? Probably, yes. And it looks like traditional eSports will have a strong competitor very soon.
By the way, regarding cybersports, the Paper Unicorn Games blog also has a post about the best games on PC and Steam in 2022.
What to expect in 2022?
At this point, we can say with certainty that we really shouldn’t expect a boom in crypto games in the next year. The integration of this technology into full-fledged video games is slow and difficult.
Like all new technologies, it is being treated with great apprehension.
Interestingly, one of the largest companies in the game industry Ubisoft has already announced the development of blockchain-based games. Incidentally, Ubisoft has previously funded several other similar projects with the REVV in-game token.
Most likely, 2022 will be an intermediate and very important year in the development of cryptocurrency and NFT-enabled games. Definitely, 2021 can rightfully be called the year of non-interchangeable tokens, including thanks to gaming platforms.
The new year promises to be very exciting, as we already know about the announcement of many bright innovations in crypto-gaming: Illuvium, Sipher, Star Atlas. Some of them have already started and looked promising.
Check them out now to grab your tidbit before digital assets fly up!