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Showing posts from March, 2022

Booming Of Blockchain Gaming Industry In Spite Of Challenges

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By leveraging technologies like NFTs, blockchain games are making ownership of in-game assets easier, economical and trustless. The endless possibilities of blockchain technology in the gaming world are attracting millions of gamers and investors from across the globe. Despite the strong growth trends and potential for profit in the blockchain gaming industry, the market abounds with challenges and obstacles. Let us dive deeper into the world of blockchain gaming and understand its key drivers and challenges.   Rewarding Gamers with Play-To-Earn Model The key selling point of blockchain games is the possibility of earning rewards while playing games. Earlier, gamers would spend hours playing games with no possibility of earning and would even pay money to play games. With the advent of blockchain games, players can monetize their time, skill and efforts spent in playing the games. For example, in blockchain-based games, players can earn rewards like cryptos, weapons, avatars, skins...

Top Blockchain Games You Should Lookout For

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  1. Gala The GALA token has risen nearly 300 percent since it was unexpectedly listed. Furthermore, in just a week, its price soared from $0.02 to $0.12, an all-time high. However, according to CoinMarketCap, it is currently trading at $0.080. Gala Games has recently expedited the production of their games, particularly Town Star and Spider Tanks. For example, they introduced TownCoin, their cryptocurrency, to the first project. In the case of Spider Tanks, the game has now achieved closed beta testing, which players have well received. 2. Smooth Love Potion (SLP) Axie Infinity is a name you’ve probably heard of in blockchain gaming or the crypto world. No? This is the most popular blockchain game in the Philippines, with young people abandoning their jobs to earn a cool $2k per month. In Axie Infinity, players can earn $SLP by playing the game. While AXS is the governance token, it is the closest similar to owning stock in a corporation. Holders of these tokens have the ability t...

Important Terms To Know In Blockchain Gaming

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Cryptocurrency is gaining in popularity, and it appears like everyone is investing in this relatively new realm. That is majorly why blockchain technology has piqued the curiosity of every major sector. Here are some of the important terms to know in blockchain gaming. Play-to-Earn In most blockchain games, the play-to-earn paradigm is applied, compensating players for playing games and participating in in-game economies, allowing users to buy and sell game-related commodities. Unlike traditional game models such as free-to-play with in-game purchases or pay-to-play, Blockchain-based games give players complete control over their digital assets. As a result of the system’s virtuous circle, players receive rewards such as weaponry, skins, and gaming items. Pay-To-Earn Users must make an initial, up-front purchase of an in-game asset, often an NFT, under the pay-to-earn technique, which is similar to play-to-earn. Like the play-to-learn strategy, the item can develop value with time, wit...

How To Pick The Right Play-To-Earn Game For You?

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With a plethora of play-to-earn options out there (and many, many more in development), users are spoilt for choice. But first things first, you must understand how rewards are earned, how in-game money can be converted to crypto, and what you can hope to earn from your gaming experiences. How to pick the right play-to-earn game for you?  With a plethora of play-to-earn options out there (and many, many more in development), users are spoilt for choice. But first things first, you must understand how rewards are earned, how in-game money can be converted to crypto, and what you can hope to earn from your gaming experiences. 1. Check your investments   All these play-to-earn games have an initiation process, where you are required to make an investment of a kind, such as Axie Infinity requiring the purchase of at least three ‘Axies’ to start playing.  Many of today's crypto games are built on the Ethereum blockchain, so you'll need to buy Ether to play them. Converting you...