Best P2E Games

Crypto Games Surpass DeFi in Popularity

Crypto Games Surpass DeFi in Popularity

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Play to Earn Crypto, GameFi, Games Surpasses DeFi in Popularity

DappRadar has come up with interesting stats on crypto about the users and their wallets. DeFi is trendy nowadays and users associated with crypto are well aware of it.

Play to Earn Crypto Games, GameFi, Surpasses DeFi in Popularity
Play to Earn Crypto Games, GameFi, Surpasses DeFi in Popularity

However, it is GameFi where all the action is taking place for the past couple of months. There are interesting facts and figures which show how GameFi has taken the center stage over time.

According to DappRadar, more than 50% of active cryptocurrency wallets were connected to decentralized applications associated with gaming. The report also shares that users active cryptocurrency wallets attached to DeFi dropped to 45% last month. This is for the first time in many months that DeFi is taken over by GameFi.

GameFi’s popularity soared thanks to Axie Infinity which allows players to earn real money by winning battles, selling monsters as well as digital assets. The player database is increasing rapidly for Axie Infinity because many crypto enthusiasts are also regular gamers.

Quickly, the meaning of GameFi;

GameFi is an amalgam of two words: gaming and decentralized finance (DeFi). It is also referred to as play-to-earn (P2E) games. Almost all of these blockchain-based games are accompanied by a corresponding in-game currency, a marketplace, and a token economy, usually managed and governed by the community.

DappRadar’s Pedro Herrera said, “We see around 80-100 million transactions in games daily, it’s just impressive to see the evolution that blockchain games have experienced this year.”

Axie Infinity is having an explosion as the report also shares that in the past 24 hours the game was played by another 104,000 players.

Besides Axie Infinity, there are several other games that had made it to the limelight like Alien Worlds, Splinterlands, and CryptoMines. These games have a massive number of players and the numbers are growing with every passing day.

The top five gaming dapps have an accumulative investment balance of $14 billion. On the other hand, top five DeFi apps have $130 billion over the past 30 days.

Play to Earn Crypto Games, GameFi, Surpasses DeFi in Popularity
Play to Earn Crypto Games, GameFi, Surpasses DeFi in Popularity

Players have erected their own micro-economies as they rent, sell, and purchase digital assets. Michael Bohnen, owner of EOSUSA, said, “There’s much more opportunity in the gaming space than there is in the DeFi space.

“There’s only so many banks, but there’s always a brand new game of the week. It’s much more of an expansive space in my opinion There’s more opportunity to potentially make money.”

Play to Earn Gaming News

Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You’ll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games.

Check out our Top Games and game lists to discover the best play-to-earn games. And don’t forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you’ll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToEarn Game news writers will cover it.

Crypto Games Surpass DeFi in Popularity

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Crypto Unicorns – Game Review

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Antebellum – Game Review

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Best P2E Games list 2024

Crypto Games Surpass DeFi in Popularity

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.