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Gaming will Drive Mass Crypto

Gaming will Drive Mass Crypto

Game Review 

In 2022, the Web 3.0 and related domains faced numerous challenges, along with the entire cryptocurrency industry. The year saw unexpected events such as the fall of stablecoin Terra Luna, the FTX debacle, the failure of Axie Infinity, and the arrest and investigation of Sam Bankman-Fried. Despite these challenges, a recent report and focus group discussion from Forkast indicates that industry experts are optimistic about the potential of blockchain technology. They believe that gaming will drive mass adoption of cryptocurrencies and shared their thoughts on the trends and developments in the blockchain industry for 2023.

Key Takeaways Report

According to a recent report from Forkast, traditional companies adopting Web3 technology and the role of gaming in driving the mass adoption of blockchain technology will be key factors in the future growth and success of the cryptocurrency industry. The report also talks about how non-fungible tokens (NFTs) will still be important and have room to grow in the coming year. These ideas from experts in the field tell us a lot about where the blockchain industry is going and what it can do in the coming year.

Gaming is the catalyst that will drive the mass adoption of cryptocurrency

Animoca Brands, a leading investor in the blockchain gaming industry, believes that gaming will be the driving force behind the adoption of blockchain technology and cryptocurrencies. According to Animoca Brands’ founder and CEO Yat Siu, high-quality blockchain games will attract a large number of gamers to the industry, providing an opportunity to earn cryptocurrency while playing. These AAA games are expected to be released gradually in the coming year, with many launching in 2024, bringing a surge of new users to the blockchain gaming space.

Animoca Brands CEO Yat Siu believes that Asian gamers will be the first to embrace blockchain games, with the rest of the world following suit eventually. Siu notes that North American gamers are the most hesitant when it comes to adopting cryptocurrency and blockchain games. As a leading investor in the blockchain gaming industry, Animoca Brands is well-positioned to take advantage of this trend and help drive the adoption of these technologies in the gaming industry.

The potential for growth in the blockchain gaming industry is massive, thanks in part to the fact that gamers are already familiar with online transactions and their inner workings. In addition, the rapid growth of metaverse applications is expected to continue in 2023, according to Alien World CEO McKenna. Furthermore, the head economist at Consensys also believes that gaming will be at the forefront of innovation in the industry. These factors, combined with the trend of increasing adoption of blockchain technology in the gaming industry, suggest a bright future for this sector.

DAO Feature will Further Establish itself in Blockchain Games

DAO, or decentralized autonomous organization, is a key feature of Gamefi that allows gamers to take control and decentralize power from developers. This feature is expected to be a major trend in the gaming industry in 2023. As an example, Alien Worlds’ DAO allows players to hold elections for the governance of a virtual planet, with winning players becoming part of the governing council and able to oversee treasury and expenditure funds and make important decisions. This type of DAO activity helps to strengthen and engage the gaming community.

Gaming will Drive Mass Crypto and Blockchain Adoption in 2023: A Report
Alien Worlds DAO

In 2023, it is possible that we will see the emergence of new models of governance and DAO designed for collective financial management. These models have the potential to increase transparency in the cryptocurrency and blockchain gaming industries. Additionally, the DAO model provides companies with an opportunity to improve accountability and transparency by experimenting with this system. Overall, the adoption of DAO and similar models of governance may lead to significant improvements in the way that financial management is conducted in the blockchain industry.

NFTs will continue to gain ground in 2023

According to Cryptoslams’ Wasinger, artists and creators can expect to see traditional royalty models become a thing of the past in 2023, as new and advanced revenue models become mainstream. This shift is expected to be particularly pronounced for “non-art digital assets,” which will see increased tokenization as non-fungible tokens (NFTs) rather than their fungible counterparts. This trend will provide artists and creators with greater control and flexibility in terms of how they monetize their digital assets.

ccording to Corite’s Onufriychuck, we can expect to see more mainstream names from various industries joining the NFT movement in the coming years. For example, major social media platforms and AAA game studios are already experimenting with the use of NFTs. This trend is likely to continue and expand as the potential benefits of NFTs become more widely recognized and adopted.

According to industry experts, tokens will evolve in a similar way to how the internet progressed from flat websites to interactive cloud software. In the future, tokens are expected to become more advanced, “interactive, customized, and intelligent digital on-chain agents.” As artificial intelligence becomes more powerful, we may see meaningful interactions between AI and the metaverse. The combination of these evolving technologies has the potential to bring significant change and promise to the industry.

Check out our game review on Sorare and see how this game is unique and one of a kind in the world of blockchain gaming. Also, subscribe to our YouTube Game Channel!

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Gaming will Drive Mass Crypto

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Related P2E Games: Play To Earn Crypto, NFT, Web3

CryptoFights – Game Review

“CryptoFights” is a game that utilizes the Bitcoin SV (BSV) blockchain, which is known for its transparency and security. The use of the BSV blockchain is a significant change in blockchain technology, as it offers a level of transparency and security that is not found in other blockchains. This is likely to be attractive to players who value security and want to ensure that their in-game assets and transactions are protected. The use of the BSV blockchain also allows “CryptoFights” to offer unique gameplay features and mechanics that are not possible on other blockchains. “CryptoFights” is a single-player role-playing game that combines elements of esports and 3D battles. In the game, players battle each other in one-on-one fights in a 1v1 gaming mode. Each battle consists of a single fighting round, and ends when one of the player’s energy points reaches zero. The game’s focus on one-on-one battles and its use of 3D graphics and gameplay mechanics are likely to appeal to players who enjoy competitive and immersive gaming experiences. CryptoFights Gameplay: In “CryptoFights,” single-player battle challenges are free to play, but players must have cash to participate in tournaments. At the start of the game, players have a basic level of power and can only participate in certain gaming modes. As players participate in and win battles, they receive gold that they can use to purchase items and weapons in the game’s marketplace. These items and weapons can be used to strengthen the character’s specifications and attributes, allowing them to become more powerful and capable of participating in more challenging gaming modes. Overall, “CryptoFights” offers a competitive and immersive gameplay experience that is likely to appeal to many players.

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Town Star – Game Review

Town Star is a competitive blockchain game developed by one of the co-founders of Zynga. The game is a lot like Farmville, a farming simulation game, but there is a competitive touch in it with real money involved to acquire land. Although on the face, Town Star seems like your average farming simulation but the game is very close to real-life scenarios, dynamics, and issues. The game is very beautiful and colorful with its cartoon graphics and visuals. Moreover, Town Star is based upon the Ethereum blockchain technology with a diverse in-game economy. Like many other farming simulations, the goal is to acquire land and build farms on it. However, in Town Star, it is not so simple. Town Star Gameplay: The players have to understand the land they are acquiring. Several important factors are the proximity of the land to the water supplies, main roads, access to the markets, distance from the urban centers and city, the market prices of the livestock and cattle, the prices of the seeds and fertilizers, etc. In short, the game has great depth that hooks the players in a never-ending fun strategy gaming experience. Town Star Tokenomics: Every day the players must endeavor to reach 1000 stars which will lead them to receive 1 Town Coin of the game token as earnings that have real-life value. Moreover, these Town Coins are tradeable in open marketplaces and exchanges. The earned Town Coins can also be traded with in-game NFTs which is another good investment. The game requires complete involvement as it is a strategy game and there is a requirement for proper planning of the towns and farms. The game requires lots of clicks and the collection of resources to help players grow as virtual farmers and earn more money. Not only the game is fun to play with deep strategic gameplay, but it also generates decent real-world earnings which make it one of the most popular farming simulation games on the market.

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League of Kingdoms – Game Review

League of Kingdoms is a free world NFT, Play-to-Earn, game where all of the land and assets are owned by the players. Players can buy land, develop it, form alliances with other kingdoms, and declare wars. Being a strategy game, the players must hone their skills in warfare, urban planning, governance, economy, instincts, and diplomacy. Additionally, it uses Ethereum blockchain technology. Moreover, the game uses $LOKA tokens as a governance coin. This coin helps players in transactions, construct buildings on it and develop their kingdom through various decisions of the kingdom. League of Kingdoms Gameplay: There are four major resources in the game League of Kingdoms that players need i.e. wood, stone, corn, and gold. Players earn them by completing different tasks and routinely mining. Moreover, LAND is a non-fungible token used to buy lands in the kingdom. So in a way, there are two types of people in the game, the landowners and the players who develop the kingdoms on these lands. Some players can be both. The interesting element of the game is the minting of NFTs that can be traded or burning these NFTs to create new resources. These NFTs can be bought or sold on the OpenSea platform but it requires gas fees which is not an attractive feature for a new game. In totality, there are 6 land levels in the game with the most expensive one costing $240. As the players’ kingdoms develop and expand, they can jump to the next level of land to increase their social standing and power in the game economy and society, giving the players a true metaverse experience. The secondary earning from the game can be achieved by investing in DAI tokens which the players can receive as rent from the lands they own and in this way the landowner and the players work together by formulating alliances to develop the kingdom. Playable on both PC and mobile, the developers promise smooth gameplay with a fun way to earn money and real-life value for time.

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Cosmic Clash – Game Review

Cosmic Clash is a fast-paced, strategy-based game that utilizes non-fungible tokens (NFTs) to represent each player’s fleet of spaceships. Players can collect and trade these NFTs to create the ultimate armada, and then engage in battles against other players to prove their superiority. The game is set in a futuristic universe where players must master the art of space combat in order to emerge victorious. With a variety of different ships to collect and upgrade, and real-time multiplayer battles, Cosmic Clash offers an exciting and immersive gaming experience for players of all skill levels. Cosmic Clash Review: “Cosmic Clash” is a strategy game where players build a fleet of powerful starships and use them to defeat their enemies. Players can choose from a variety of ship types and tactics, and can purchase unique NFT starships from the Atomic Hub. By battling and climbing the leaderboard, players can earn prizes such as free packs, ships, and exclusive access to events. Each season brings new ships with unique abilities, encouraging players to adapt their strategy and try new tactics. Overall, Cosmic Clash offers a dynamic and exciting gaming experience for fans of strategy and space battles.

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Best P2E Games list 2024

Gaming will Drive Mass Crypto

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.