Have you ever thought of gaming as only racking up imaginary points? Think again. Forget the dusty cartridges and pixelated heroes of decades ago. I need you to unlearn what you know about games for one reason only. Gaming has changed. Blockchain technology is reshaping the concept of gaming and is transforming it from a passive pastime activity, into a thrilling arena where your wins and successes translate to real-world value.
The days when you grinded for virtual jewels that vanished with the next server reset are fading out, fast. Blockchain gaming is creating a new reality where your skill, passion, and strategy can earn you crypto rewards. This cutting-edge technology is also blowing the doors wide open on ownership and accessibility. In this article, we will explore blockchain gaming and how it is revolutionizing the gaming industry.
Blockchain Technology in the Gaming Industry
Blockchain technology with its disruptive power is creating a paradigm shift in the gaming industry. The technology is helping players to become active participants in thrilling virtual worlds with real-world results. A far cry from when players were mere consumers. A key tenet of the blockchain is that it cuts out the middleman from transactions. With the rise of more blockchain-based games, this model is spreading fast. It is disrupting the traditional models that favor publishers and developers by decentralizing the whole thing. Now, players directly own in-game assets via NFTs. With the play-to-earn model, players can earn and trade NFT-based assets like virtual lands, weapons, and powerful characters with real-world values. In 2021, Axie Infinity, a blockchain game with an NFT reward system, generated over $4 billion in revenue, with many players earning a living from it.
A direct result of blockchain technology in gaming has been the fostering of vibrant communities, a profound sense of ownership, and a fairer distribution of value. Gamers are seeing the advantages of moving to the blockchain, and this is evident in the fact that in Q3 2023, nearly half of all blockchain activity stemmed from gaming. In the same year, a report by research firm DappRadar showed that about $2.3 billion had been invested in blockchain gaming projects. By 2025, the global blockchain gaming market is expected to reach a staggering $23.2 billion, showcasing its rapid growth.
Go From Fans to Financiers With Watch2Earn
The blockchain gaming model, although still in its nascent stages, is evolving rapidly. There are many gaming mechanisms now as a result of continuous innovation and improvement. Like play-to-earn and move-to-earn, Watch2Earn is an example of these mechanisms. Let's face it, the current creator economy on YouTube leaves many fans feeling like glorified viewers. But what if you could contribute to the success of your favorite creator's channel and reap rewards for it? Enticing right? This is what platforms like XCAD are about.
YouTube's active users are estimated at 2.1 billion, which makes it a huge platform for everyone to earn. Until now, YouTube only rewarded creators on the platform but XCAD is pioneering the Watch2Earn revolution by empowering viewers with $XCAD tokens for simply engaging with their favorite creators and channels. With platforms like this, you are no longer a passive audience, you become an investor and a direct contributor to the content you love. One other thing this innovative model does is foster deeper connections between fans and creators and build a sustainable ecosystem where everyone wins.
Democratizing eSports
Short for electronic sports, eSports is a form of competition through the use of video games. These competitions are usually in the form of organized, multiplayer video game competitions between professional players, individually or as teams. The eSports viewership is growing worldwide. This is backed by estimations suggesting there will be over 577 million viewers and $1.6 billion in market revenue by 2024. A highly competitive ecosystem for mostly professionals, this exclusivity is being torn down by blockchain game studio, QORPO.
QORPO is a blockchain-powered developer that understands the power of decentralization, and its mission is to make eSports accessible to everyone. They are powering the team-based hero shooter game Citizen Conflict. Citizen Conflict is a game that merges fast-paced gameplay with eSports intensity for ultimate competitive action. Powered by blockchain technology, the game is leveling the playing field by rewarding skill and dedication. With its transparent in-game economies and accessible NFT assets, anyone can enter the area and earn their way to eSports glory.
Web3 Shooter Games
Web3 Shooter Games are another facet of blockchain gaming that's providing gamers with great value for their time. They blend the adrenaline rush of classic traditional games with the revolutionary potential of the blockchain, creating explosive playgrounds where every bullet carries the weight of real-world value.
Imagine wielding NFT-powered weapons, securing territory to earn crypto rewards, and competing in skill-based tournaments for lucrative prizes. These immersive worlds blur the lines between playing and earning and transform the player's victories into tangible gains. Great examples of these types of games are KeresVerse and Night of the Living Dead.
KeresVerse is a futuristic, adrenaline-pumping game that blends its win-to-earn model with skill-based gameplay and stunning Unreal Engine 5 (UE5) graphics. By navigating dystopian cityscapes, outsmarting opponents, and collecting valuable $KERES tokens with every well-placed headshot, KeresVerse proves that it isn't just about racking kills; it is about strategic execution and teamwork.
Built on the Solana blockchain, Night of the Living Dead is an innovative and thrilling addition to the Battle Royale genre. It combines the excitement of PvP combat with the relentless threat of the undead and boasts unique features, engaging gameplay, and a commitment to community feedback.
Fantasy Meets Crypto
Crypto is taking fantasy sports to a new level with blockchain-based powered platforms. Blockchain fantasy games provide you with a platform where you can own, trade, and battle with NFT-based player cards that reflect their real-world performance. This is a dynamic marketplace where your fantasy prowess translates to real-world gains and redefines your experience with your favorite sports. An excellent example of a blockchain fantasy gaming platform is Rarity Rush. The platform offers individuals opportunities to transcend their roles as spectators, stepping into the shoes of team owners, managers, and strategists.
Conclusion
The blockchain is reshaping the gaming industry. The lines between play, earn, and community blur with each innovative project. Whether you're a die-hard eSports fan, a passionate creator, or a thrill-seeking PvP warrior, the blockchain offers a new landscape where your skills, engagement, and passion can lead to real-world rewards.
