How will GameFi and P2E blockchain gaming evolve in 2022? Report
Crypto gaming has grown in popularity as more players collect and trade digital assets, generating a dependable income for game developers and creating value for players. In a recently published report, Cointelegraph Research shows how Axie Infinity gamers in the Philippines were able to earn their regular monthly salary in 2020 simply by playing the game, at a time when measures to prevent the spread of the COVID-19 pandemic brought economic hardship to the country.
Axie Infinity is a powerhouse of play-to-earn (P2E) blockchain gaming, not unlike Bitcoin’s (BTC) status as the powerhouse of cryptocurrencies. Like Bitcoin, it has the eyes of the mainstream public, is a target for competitors, and is not a stranger to controversy, with the Ethereum sidechain developed for the game recently hacked for 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth more than $612 million at the time.
As bears take hold of the crypto market and nonfungible token (NFT) floor prices decline, game finance, or GameFi, shows signs of resilience and maturity despite the overall negative market sentiment.
Cointelegraph Research assessed five of the most popular P2E games — Axie Infinity, Splinterlands, Bomb Crypto, Alien Worlds and DeFi Kingdoms — in a 30-plus page report published in May titled “GameFi: Can blockchain-based gaming redefine the industry?” The gameplay in each game will not blow a veteran console gamer away. They are very different experiences than, say, Call of Duty.
Download the full report here, complete with charts and infographics
But players can still have a thoroughly enjoyable experience playing blockchain games, as is clearly shown by the number of users. GameFi development is still in its early days, and games
Read more on cointelegraph.com
