Cryptocurrency games are on the rise, but can they reach people outside of the web3 world?

- Advertisement -

Last year it was big for the “play to earn” gaming scene that goes hand in hand with the crypto world, but as games become more advanced and provide more options for users, what’s next for the industry?

- Advertisement -

Maybe it’s about creating a gaming experience or creating new opportunities to enter the space for non-crypto players, but for developers and gamers, there are a whole range of opportunities and challenges.

- Advertisement -

“The goal is to bring the traditional Web 2.0 gaming masses to Web3,” Alex Paley, co-founder of blockchain game studio Solana. Far, said TechCrunch. “The only way to do that is to remove as many artificial barriers as possible.”

According to DappRadar and the Blockchain Game Alliance, the blockchain gaming industry grew by 2,000% last year. report from the first quarter of 2022. The report added that $2.5 billion was invested in the blockchain gaming space last quarter, compared to $4 billion raised for the sector in all of 2021, indicating a significant acceleration in the flow of money into the space.

- Advertisement -

While the web gaming world is known for its “play to earn” economy, a number of crypto gaming studios offer free play options for new users who want to experiment but may not want to fully invest.

About 10 years ago, at the height of the era of free games for mobile devices, the market for free games was huge. From Angry Birds to Candy Crush, non-gamers (and experienced players) have had plenty of ways to pick up their phones, download the app, and start playing in minutes.

Candy Crush has been around in both free and premium form for 10 years and has in turn generated a billion in total revenue and over $1 billion in revenue in 2020 alone, according to data. report for business applications.

“That was the beauty of the free game; this has greatly expanded the audience of people who can try your game, and it is equally important to do this in web3,” Paley said.

Now, some crypto games are looking at the free-to-play model as a way to help new players enter the often closed crypto gaming market, which is known for its “play to earn” model.

“We see a great future for web 3 games and in many ways I see the introduction of blockchain in games as transformative as free-to-play mobile games.” – Phil Sanderson, Managing Director and Co-Founder Griffin GamingTechCrunch said.

But games need to be more accessible by making them easier to adopt for non-crypto audiences, and the fun factor will contribute to their success at the end of the day, Sanderson noted.

Last month, Axi Infinity launched an Origin version of the game that allows people to try it out and get up to three free characters, known as Axies, without paying for them.

“I think having a free starter Axies is a big deal for NFT because people can fall in love with intellectual property and the universe and try it and see if it works for them before making big economic decisions.” – Jeff “Jiho” Zirlin Axie Infinity. co-founder, previously told TechCrunch.

To expand the web3 gaming world, these blockchain-based games need to prove to players that their games are fun, and then find a way to make them work and contribute to the economy by playing the game, Paley says.

And most importantly, it is to create something enjoyable besides the financial incentives that crypto games provide to earn.

“Priority number one is to make sure we create an interesting product,” said Michael Wagner, creator Star Atlas. “It doesn’t matter how good the financial incentives are. We are focused on creating cool, high-quality experiences that will draw people in. Of course, we also have financial incentives, but that’s just an improvement in the gameplay.”

Credit: /

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox