The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online.
It is no wonder the industry is big money, raking in over $20 billion in revenue for 2020 alone. With an estimated 1 billion online gamers currently active worldwide, experts forecast growth in numbers reaching a whopping 1.3 billion active gamers by 2025.
The numbers speak for themselves. Gamers are so enthusiastic about their favorite games, that some spend hundreds of dollars just to get an upgrade on their avatar or access a coveted in-game item that will give them a leg up.
Blockchain-based play-to-earn (P2E) games are set to literally change the rules of the game by offering an equal playing field for everyone involved, giving players ownership as well as a source of income and making the time they spend playing worthwhile.
Here is a look at some of the top play-to-earn games that are taking the gaming industry by storm.
Axie Infinity
Axie Infinity is leading the way for play-to-earn games thanks to its growing popularity that has seen a million gamers come onboard to play the game daily. The astronomical success that Axie Infinity enjoys is mostly driven by the fact that players can earn real money while playing.
Axie Infinity is an Ethereum-based game with a player vs environment (PvE) mode as well as a player vs player (PvP) mode. In PvE mode, the player competes against a built-in environment or monsters in the game. A PvP mode is one where the player gets to compete with other players in a metaverse-type scenario.
Players have to acquire “Axies” that come in the form of monsters designed for battle with hordes of other small round monsters.
Blockchain-based games that allow players to earn cryptocurrencies as they play are paving the way for a new era in gaming.
The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online.
It is no wonder the industry is big money, raking in over $20 billion in revenue for 2020 alone. With an estimated 1 billion online gamers currently active worldwide, experts forecast growth in numbers reaching a whopping 1.3 billion active gamers by 2025.
The numbers speak for themselves. Gamers are so enthusiastic about their favorite games, that some spend hundreds of dollars just to get an upgrade on their avatar or access a coveted in-game item that will give them a leg up.
Blockchain-based play-to-earn (P2E) games are set to literally change the rules of the game by offering an equal playing field for everyone involved, giving players ownership as well as a source of income and making the time they spend playing worthwhile.
Here is a look at some of the top play-to-earn games that are taking the gaming industry by storm.
Axie Infinity
Axie Infinity is leading the way for play-to-earn games thanks to its growing popularity that has seen a million gamers come onboard to play the game daily. The astronomical success that Axie Infinity enjoys is mostly driven by the fact that players can earn real money while playing.
Axie Infinity is an Ethereum-based game with a player vs environment (PvE) mode as well as a player vs player (PvP) mode. In PvE mode, the player competes against a built-in environment or monsters in the game. A PvP mode is one where the player gets to compete with other players in a metaverse-type scenario.
Players have to acquire “Axies” that come in the form of monsters designed for battle with hordes of other small round monsters.