Best P2E Games

Axie Infinity– the Year 2022-2023

Axie Infinity– the Year 2022-2023

Game Review 

Axie Infinity is a popular name in the Web 3.0 NFT crypto gaming space, and many of us have heard about it. Its meteoric rise in a single year, followed by a precipitous drop in 2022, is quite the story. Even if you don’t like crypto, you probably agree that Axie Infinity has become the best example of crypto Web3 NFT gaming. It became the face of the industry with the revolution it brought and was touted as one of the best blockchain game apps. It flipped the lives of many, taking them from rags to riches in no time. On the contrary, it also caused catastrophic losses to others. So, how did Axie Infinity perform in the year 2022? And what does the future hold for this blockchain game? Let’s analyze the current situation as well as what the future might hold.

Axie Infinity and the Year 2022: How Has It Unfolded?

Axie Infinity is a popular or infamous Pokemon-inspired blockchain game where players breed, raise, and battle cute little monsters called Axies. The game is based on a “play to earn” model. The game offers rewards in cryptocurrency to the players, exchangeable for real money. The developer of the game as well as the Ronin Bridge is a Vietnam-based studio, Sky Mavis. Axie Infinity came out in 2018, but it became very popular very quickly because of the pandemic and the global lockdown. Just during last year’s summer, players were earning so much through the game that they had to quit their regular full-time jobs to invest more time in the game, especially in low and middle-income countries.

Axie Infinity's future: do we have high expectations?
Axie Infinity’s future: do we have high expectations?

The game requires players to buy NFTs to begin playing, which players gladly did even though the entry investment was more than $1000 at its peak. Also, the people who made the game were worth more than $3 billion after Andreessen Horowitz led a $152 million funding round in October 2021. Everything was looking picture-perfect, and the global Axie frenzy was surely leading the revolutionary play to earn gaming space. But it all started to fall apart just at the end of 2021 and the beginning of 2022. The year 2022 proved rougher for Axie Infinity.

Axie Infinity Witness: Rise and Decline (Current Standing)

Long before the unfortunate hack, Axie Infinity started losing its number of daily active users in November 2021. It only got worse in 2022; the decrease was more than 45% from its peak at the end of 2021. Before the hack, Axie Infinity’s DAUs had plummeted to 1.48 million from a high of 2.7 million. Moreover, the value of the in-game currency also suffered and saw a new low of $0.02. It was all happening amid the cryptocurrency market crash and dwindling interest in NFTs.

Just as Sky Mavis was working hard to convince and inspire its community by making long-term promises, the record-breaking hack happened. On March 23, 2022, Axie Infinity got hacked, and the hackers made off with $620 million worth of cryptocurrency, making it the biggest crypto heist of all time. With this hack and the ongoing crypto winter, it was hard for Sky Mavis and Axie Infinity to get people to trust them again. 

So, why did Axie Infinity face player retention issues even before the hack? The game offers its community the sole motivation of earning money. The elements of entertainment and fun are given little to no value by Sky Mavis. It reduces the game to no more than digital sharecropping and just the grind. The game was and still is primarily driven by speculation, and it is heavily reliant on new players. As soon as the inflow of new players slowed down, the tokenomics of the game went out of control in 2022.

However, the current standing of the game is not all bleak and horrific. Axie Infinity showed a silver lining for the first time since the hack and the FTX implosion. AXS of Axie Infinity records a solid gain of 23.83% and sits at $8.28 at the time of writing. So, how is Axie Infinity still hanging around and showing signs of resurgence?

Axie Infinity's future: do we have high expectations?
Axie Infinity’s future: do we have high expectations?

Axie Infinity: What to Expect in 2023 and Beyond

The speculation or prediction here is not financial advice for our readers. The play-to-earn gaming industry is only four years old and still a toddler when compared to the traditional gaming space. Sky Mavis believes that it has learned a lot from its recent challenges with blockchain projects. It will introduce beneficial changes to its new blockchain project, Axie Origins. Axie Origins has already seen over a million downloads in its early days. Instead of breeding Axies, players will be able to earn cryptocurrency by collecting and trading charms and amulets. Moreover, Sky Mavis also plans to launch a metaverse where users will have the opportunity to own digital lands. The idea is to integrate the AXS token into all projects.

But, with so many big names like Ubisoft and other Korean gaming giants coming into blockchain gaming, Axie Infinity will no longer remain at the top given its tedious gameplay. So, Axie needs to focus on the gameplay part if it wants to stay important in the Web3 gaming community. However, one thing is for sure: Axie Infinity isn’t going to die easily, as it has strong backing. It will surely survive the crypto-winter.

Other articles on Axie Infinity are Breeding guide, how to begin with Axie and the different classes in Axie Infinity.

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Axie Infinity– the Year 2022-2023

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“Chain Myth” is an FPS MOBA game that utilizes blockchain technology and Non-Fungible Tokens (NFTs) to create unique hero characters. This game follows a “play to earn” model, where players can acquire in-game items or currency through their actions within the game. This combination of features creates a compelling and immersive gaming experience for players. Chain Myth Game Overview: “ChainMyth” is a game inspired by the superpowers of Hindu gods and goddesses, with a distinct Indian theme. Players can unlock a total of 14 in-game gods and goddesses, which are introduced and tokenized as Non-Fungible Tokens (NFTs). In this game, players can use their digital assets to access the heroes’ arsenals and enter the combat zone. NFT owners will also receive fees for both hosted and ranked games. This unique blend of elements creates an exciting and engaging gaming experience for players. There are also the ChainMyth Golden tickets. These golden tickets give you access to other characters’ NFT and will be eligible for future airdrops and in-game assets like weapons and skins. You can buy the golden tickets only on Magic Eden. The price of the characters and golden tickets are still very cheap but it is increasing. ChainMyth tokenizes virtual assets, especially in-game characters through NFTs. Through the in-game dashboard, the NFTs of ChainMyth in your Solana Wallet will be accessible as well as retrievable. The game clients call your character and weapons with metadata when you choose the NFT. The qualities of your NFT are then extracted, and your hero is called forth using the NFT metadata. The Monkey King NFT will be printed to commemorate the premiere of ChainMyth. Future battle passes and tasks will also allow players to obtain virtual goods like weapons, skins, and taunts.

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Joyride – Game Review

Joyride is a Web3 publishing platform that is backed by top blockchain partners. This makes it possible for game developers to change the way games are made. Joyride Games, which was one of the first companies to publish Web3 games, has put its casual gaming platform on Flow, a leading blockchain that was made to support decentralized applications. Solitaire Blitz, their first popular game, had more than 500,000 active users in the first four weeks after it came out. DappRadar says that Solitaire Blitz is now the most popular game on the Flow blockchain and one of the most popular blockchain games in terms of volume and number of users. Joyride is a solution for independent Unity developers who have been making mobile games for a decade and have served millions of players. They can make, launch, and grow blockchain games with assets and economies that belong to the players. Omar Siddiqui, CEO and Founder of Joyride, was excited about how well Flow could help bring new users on board and help the ecosystem grow. Solitaire Blitz is an updated version of Klondike Solitaire with fun game modes that let players relax or compete for $RLY tokens in tournaments and leagues. After a successful beta period, the game was released on the Flow mainnet. It quickly gained more than 500,000 active users and became the top Dapp on Flow and one of the top 10 blockchain games overall.

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PECland – Game Review

PECLAND is a new WEB3 sandbox NFT social game that is fun for everyone. Players can make their own clothes, homes, and games, and they can also keep pets. PECland is a brand-new Web3 project that offers a platform with NFT games, social immersive, commercial, and creative features. It gives you a game where you can make your own choices and control your life in an alternate reality of the metaverse. In the game, you can build your own houses, clothes, and other things and change how they look. You can also meet new people, build relationships, plan parties, get married, and do other things. The interesting parts of the game’s design make it more fun to play. Pecland can also get into the ENS domain, which lets people sign up for Web3 usernames. Players will be able to host parties, social gatherings, virtual concerts, and any other social activities you can think of using the platform. Additionally, the creators want to provide gamers a free island on which they can settle and construct houses. Pecland inspires users and gamers to invent, construct, and come up with works that are useful. Players will be able to do this and both enjoy the game and quickly earn money. How then does the economy of PECland operate? PECFriends, Pecland’s core pass, holds the key to the solution.

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Moon Robots – Game Review

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Moon Robots is releasing an exciting Strategy/RPG P2E game that is powered by NFTs and DeFi. The game will be released on the Harmony blockchain, which is fast and safe. The chosen network gives players a smooth and trustworthy way to play games. Harmony’s strong GameFi/P2E ecosystem gives the game the best chance to do well. Robot Hero NFTs, Moon Land NFTs, Item NFTs, and the $OIL token are all important parts of the game. Moon Robots stands out because it is fully backed by the blockchain. This means that it doesn’t need servers or clients to process and store player data. A web-based client makes it better for both desktop and mobile users to play games. In order to get the $OIL token and Valuable Items, players must use their Robots and Land.

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Best P2E Games list 2024

Axie Infinity– the Year 2022-2023

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.