Developers are leveraging the blockchain to create play-to-earn game models.
Trend - The convenience of blockchain technologies led to developers incentivizing players to play their games for monetary compensation. These games award players NFTs and cryptocurrencies for performing well, providing direct and immediate real-world value for engaging with play-to-earn games.
Insight - Many gamers have a desire to transform gaming beyond a time-consuming hobby into a source of income. This was previously only possible through esports competitions or becoming an online content creator. Companies have found a way to satiate this desire for all players through the use of blockchain technologies. Gamers are more drawn to titles that implement this technology as they feel they are being more productive by generating income while indulging in their hobbies.
Insight - Many gamers have a desire to transform gaming beyond a time-consuming hobby into a source of income. This was previously only possible through esports competitions or becoming an online content creator. Companies have found a way to satiate this desire for all players through the use of blockchain technologies. Gamers are more drawn to titles that implement this technology as they feel they are being more productive by generating income while indulging in their hobbies.
Workshop Question - How does your brand contribute to the betterment of its customers?
Trend Themes
1. Play-to-earn Gaming - Developers are leveraging blockchain technology to incentivize players to play their games for monetary compensation through the use of NFTs and cryptocurrencies, providing immediate real-world value for engaging with play-to-earn games.
2. Blockchain-based Games - Web3-focused game development studios are utilizing blockchain technology to create innovative, community-driven games with NFTs and cryptocurrencies tied to in-game economies, disrupting the traditional gaming industry.
3. Decentralized, Mobile-first Gaming - Developers are creating games placed on blockchain, allowing users to engage in play-to-earn model with integrations such as NFTs and cryptocurrencies, targeting mobile devices and seeking to bring millions of players into the world of web3 gaming.
Industry Implications
1. Gaming - Traditional gaming companies can adopt blockchain technology and integrate NFTs and cryptocurrencies into their game models to create new revenue streams, increase user engagement, and differentiate themselves from the competition.
2. Cryptocurrency - The development of blockchain-based gaming models utilizing NFTs and cryptocurrencies is driving demand for these digital assets, providing new opportunities for cryptocurrency exchanges, investment, and integration into other industries.
3. Web3 Technologies - The use of blockchain technology and the decentralized, community-driven approach to game development is a disruptor to the traditional technology industry, creating new opportunities for decentralized finance, governance, and more.
7 Featured, 57 Examples:
74,715 Total Clicks
Date Range:
Feb 22 — Sep 22
Trending:
Average
Consumer Insight Topics:
