As Play-To-Earn Crypto Games Go Mainstream, Here’s What Players Need to Know

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The global video gaming industry was estimated to be worth USD 178 billion in 2021. Gaming is no longer just a hobby for people. Blockchain technology is further changing the paradigm with a new generation of play-to-earn games enabling users to make real money through in-game activities and rewards. 

Play-to-earn games have become one of the hottest phenomena in the crypto space. The total number of active blockchain games has doubled to 398, according to data from DappRadar. The number of daily unique wallets interacting with game-related smart contracts also skyrocketed 46x from just 28,000 at the end of 2020 to 1.3 million in 2021.

What makes the trend even more interesting is that there are hundreds of crypto games still under development. Amid the rising competition, developers are coming up with unique gaming experiences to keep users engaged. 

Kawaii Islands, for instance, has positioned itself as the first-ever “Anime Metaverse.” It’s an anime-inspired NFT simulation game set on a fantasy floating island in the sky. Users get involved in the immersive experience of farming, crafting, styling, home designing, social networking, and of course, earning. 

By gamifying DeFi mechanisms, Kawaii Islands created a new kind of mixed entertainment with low barriers to entry. Developers behind Kawaii Islands see a growing demand for simulation-based games in the crypto market. 

In a recent episode of Where It Happens podcast, Reddit co-founder Alexis Ohanian said that, in the next five years, most people “will not play a game unless they are being properly valued for that time.” He added