Play-to-Earn (GameFi) games are currently the hottest of crypto assets, and with the widespread use of non-fungible tokens (NFTs), players have control over them more in-game tools than ever before.
Blockchain technology is driving many industries from financial to healthcare, but perhaps most of its transformation has taken place in the gaming industry. The blockchain gaming industry is expected to reach $ 3 billion by 2021. In addition, it is projected to reach $ 39.7 billion by 2025, according to Statista.
Developed by NFT (Non-Fungible Tokens), free-to-play and play-to-play generation has become a key business model, blockchain gaming industry has attracted more than 1.5 million users. people from all over the world, with special growth in Brazil, Philippines. and Vietnam, home of the famous Axie Infinity. Vietnam is the world’s largest market when it comes to GameFi investments.
Players also have the opportunity to earn tokens from the game directly or by creating and selling NFTs on the game in specialty stores. In essence, one of the key selling points of blockchain gaming is the ability to earn NFTs and cryptocurrencies and exchange them on secondary markets such as exchanges such as Binance and Huobi. market a wide range of NFTs.
However, in general, most players need to invest before starting to win, especially when the sport reaches a certain level of popularity. These blockchain games range from scripted games to action games, but most of the time you will need to buy in-game treasures to start the journey of fun and adventure. Invest.
Axie Infinity, for example, is one of the most popular NFT games, expecting new players to buy our Axies – the platform’s NFT character – that can cost anywhere from hundreds to thousands. money depends on their rarity and characteristics. Understandably, the upfront cost of these games often affects new players, as they sometimes require a lot of money to start winning.
NFTs will be the key to consumer access through virtualization and virtual reality. With NFT we can design special or limited or digital devices, it can be items such as skins, virtual clothing for your avatar or virtual home. Other NFT treasures include digital art that covers the walls of your home that you can see with only glasses and headphones.
Gamers spent $ 4.9 billion on NFTs on games last year, according to industry tracker DappRadar, accounting for about 3% of the global GameFi gaming industry. While demand has cooled since the end of November, gaming NFTs are still racked up about $ 484 million in sales so far in 2022.
Consumer interest in NFT-based games has also increased, with the target of $ 4 billion in market capitalization last year, up from $ 80,000 in 2020, according to DappRadar. Consumer growth and packaging industry continues.
NFTs have also proven to be a great way to invest a lot, especially if you buy them directly from the manufacturer before they are released. This is a slow process, unlike trading tokens after their release, where you can benefit from trading volatility.
As we have seen, NFTs usually buy at a higher price and then more interest is required based on the hype surrounding it, or the platform. But the cost of NFT is not limited to its lifetime, as it makes it difficult for NFTs to gain access and then make them extremely profitable.
This is where the word “value” comes into play, because NFT can benefit the player himself and not others. So how can we guarantee the accuracy of NFTs? The following business ideas are helpful:
- In the form of treasures (such as weapons and skins) that can be acquired through game play.
- In the form of a unique game engine that captures a player’s trajectory throughout the game.
- Different products are unique to hold more than commercial (especially if they are not interchangeable).
Guilds are nothing more than associations of players and entrepreneurs who come together to earn the most money through various platform game that grows and has the potential to grow. . The formation of the Guild is the safest way to invest in GameFi, which is a bet in the way pulverized in multiple games, buy tools to play and control multiple switches alone .
In Brazil, the biggest example would be Dux, which is the largest and fastest growing Guild in Latin America, with the largest Axie Infinity scholarship on the continent, with more than one million dollars invested and over 5,000 Axies; and the largest Atlas star in the world, with more than 700,000 dollars invested and 7,000 users. Animoca Brands, a company that has received US $ 360 million in funding from legendary investor George Soros and one of the largest game producers in the world, has Dux as its only a partner in Latin America for creating guilds and launching games.
There are other startups such as scholarships from Nox and Youtuber, Mateus Rapini, but smaller projects with less impact. The podium of scientific leaders is now hosted by Yield Guild Games (YGG), a Filipino guild with 4,600 players that raised BRL 62 million in 31 seconds with public sales of its New generation, YGG tokens (YGG).