Video Gaming – A Chip Off the Old Block
Did you know blockchain gaming activity increased by 2000% in 2022 over 2021? In the face of adverse micro and macroeconomic conditions, blockchain in gaming is a stable asset with over $2.5 billion in investment from venture capitalists and other worldwide investors. Additionally, development activities for gaming DApps continue to expand. At the same time, the metaverse ecosystem has provided more options for games to shine in the blockchain universe. Numerous financial organisations have predicted that the quickly expanding decentralised metaverse has the potential to be at the forefront of the $8 trillion market. The incorporation of Blockchain technology into gaming apps is a significant driver driving this type of market growth.
In recent times, hundreds of new NFT games, such as Alien Worlds, CryptoMines, Splinterlands and some of the best UK online slots the casino world has to offer, have all garnered hundreds of thousands of new daily users. According to DappRadar, over 1000 blockchain games are already available, with approximately 70 new ones launched each month. In addition, major corporations like EA Sports, Ubisoft, and Zynga are already exploring entering the field of NFT gaming, seeing blockchain as a viable revenue source for global gaming. But how does Blockchain gaming work?
Applying blockchain technology in creating and developing video games is referred to as blockchain gaming. Players in a blockchain game can own and exchange virtual assets using cryptocurrencies like Bitcoin or Ethereum. Virtual products, currencies, and entire virtual worlds are examples of assets. One of the primary advantages of blockchain gaming is that it allows for decentralised ownership and the sale of virtual goods. This means that participants can purchase, sell, and trade assets with one another without the requirement for a central authority or mediator. This can generate player-driven economies within the game, with the value of assets decided by supply and demand. With so much potential, it’s time to look at some of the best upcoming blockchain games to either play or invest in.
Fight Out
Fight Out, a move-to-earn and fitness-based cryptocurrency concept, is the #1 blockchain game to watch out for. Fight Out uses blockchain technology to reward users who live an active lifestyle. The native coin, FGHT, will support the platform’s in-game economy. The Fight Out presale has already raised over $4.5 million because of the token’s many use cases. According to the Fight Out whitepaper, this platform will have its own app where users may set their training preferences.
RobotEra
RobotEra is a new blockchain game combining the metaverse, NFTs, and robots to create an entertaining and rewarding virtual world like The Sandbox. The presale for RobotEra’s native ERC-20 TARO token began in Q4 2022, making it an excellent time to become involved with the project while it is still in its early phases. RobotEra’s basic gameplay occurs in a virtual metaverse world divided into plots of NFT-based land divided into seven continents. Players on these continents can use a wide range of creative tools to build massive constructions, like sky gardens and underground bases, as well as monetisable play-to-earn (P2E) crypto experiences.
The Sandbox
This virtual world platform has been active since 2012 as a conventional iOS, Android, and PC game. Still, it shifted to blockchain when Animoca Brands purchased it in 2018. The game is about its players’ imaginations, and their content contributes to the ever-expanding Sandbox cosmos. The Sandbox is inspired by games such as Minecraft and Roblox. Still, it aspires to put power and ownership in the hands of its users rather than the producers. It employs NFTs to allow users to own their creations and to reward them for helping to build and maintain the game’s ecology. In addition, players can use the VoxEdit tool to create in-game products, which they can later sell on Sandbox’s online marketplace.
Alien Worlds
Alien Worlds is a blockchain-based decentralised metaverse that runs on the Ethereum, WAX, and BSC blockchains. Dacoco released it in December 2020. According to DappRadar, it had over 700,000 active users in the previous 30 days, propelling it to the top of the play-to-earn blockchain gaming lists. Players in this metaverse mine Trillium (the game’s money), own land, accomplish missions, explore worlds, and do other things. Most importantly, this game offers earning potential, which is why it is so popular. This metaverse comprises six planets, each operating autonomously as a decentralised autonomous organisation (DAO) with its own resource strategy and games.
Final Thoughts
Blockchain appears to have a bright future in the gaming industry. As the gaming community grows, the social aspect of gaming becomes increasingly important to gamers’ overall experiences. As a result, future blockchain-based games and platforms will likely become increasingly common as more companies embrace the technology.
