Playing games to earn tokens or rewards is one of the newest and most effective ways to earn crypto. P2E games are ranked among the most popular games in the industry. They are also one of the safest ways to earn crypto and unique Non-Fungible Tokens (NFTs). Not surprisingly, there are numerous reasons why this type of game is such a success. The most significant, of course, is getting paid to play!
Play-to-Earn (P2E) NFT games are designed to reward players for their time, with an emphasis on ‘play’. The global P2E game market is anticipated to grow from USD 755 million in 2021 to USD 3618.4 million by 2028, at a CAGR of 21.3% from 2022 to 2028. By participating in the game ecosystem, players add value for one another and are rewarded with in-game assets as a result.
Two Of Every 5 People Across The World Is A Gamer. Leading The Global Market In The Number Of Gamers And Revenue Is China, Followed Closely By The United States.
While the market may be depressed, play is never something that should be discounted. In fact, this depressed market could be beneficial as tokens, and NFTs needed for in-game play might be had at a discount. Certainly, gamers can buy and accumulate many tokens and in-game items at a bargain.
Play-to-earn gaming is one of the most popular trends in the gaming world. It has taken over all other types of games that have been trending for a long time. At Mobiloitte Technologies, our custom play-to-earn games development company builds high-quality and engaging games that drive gamers to play for longer periods of time – and earn tokens or rewards. Our team is dedicated to providing exciting and immersive gameplay with a seamless user experience.
The global market for play-to-earn NFT games is anticipated to expand from $755 million in 2021 to $3618.4 million by 2028.
Axie Infinity, the most popular play-to-earn NFT game, made US$1.3 billion in revenue, with a daily peak of US$17.5 million in August 2021. This level of demand for crypto assets established Axie as one of the highest-grossing blockchain applications to date.
Axie Infinity recorded a whopping 1.5 million peak players in March 2022, an all-time high for the game. This is great news for the future of Axie Infinity and its growth as one of the most popular games of the 2020s.
Some Examples Of Play-to-Earn Games
Play-to-earn games are a new genre of gaming that is creating a special place in the world. Early roll-outs have been very popular among gamers, and their popularity suggests that the future belongs to play-to-earn.
- Axe Infinity : Axie Infinity is a decentralized digital asset management game that allows players to collect, raise, breed, combat and trade digital token-based animals known as Axies. The game was inspired by games like Pokémon and Tamagotchi.
Axie Infinity is a decentralized digital asset management game that allows players to collect, raise, breed, combat and trade digital token-based animals known as Axies. The game was inspired by games like Pokémon and Tamagotchi.
- Illuvium : Illuvium is a collectible digital trading card game on Ethereum. Join the weekly tournaments and compete with thousands of gamers around the world! Collect, trade and play with your favourite Defias Brotherhood heroes.
- Gala Games: Town Stars : Gala Games is a play-to-earn Blockchain-based cryptocurrency gaming platform that lets players acquire GALA tokens by reaching in-game milestones. Gala Games is designed to be fast, fun, and easy for any player to use.
Reasons Why Play-to-Earn Games Are The Future Of The Gaming Industry
- Popularity of NFT
- Immersive Experience
- P2E give ownership to players
- More focus on security
- Earning potential
- This will help to shape the economy of the future
Is The Trend Here To Stay?
In the future, video games will incorporate even more cutting-edge technologies, like AR and VR. With more innovative gameplay and more immersive approaches, these enhanced gaming experiences will be better than ever. As new games roll out, stay up-to-date on what is happening in the world of Play to Earn.
Play to earn is the most powerful and effective strategy for a game developer. P2E games have been proven to increase brand loyalty, provide continuous engagement, and create positive word-of-mouth publicity among users. More people are playing P2E games than ever before, and they are thirsty for new P2E experiences! Top play-to-earn game development companies will develop and release new P2E concepts soon.
All these factors suggest that the P2E trend will grow in the future.