Play-to-Earn Games: The Future of the Gaming Industry

The gaming industry has always stayed on the brink of evolution.

Walking down the timeline, thousands of out-of-the-box games having massive popularity come to our minds. However, they soon got replaced with even better gaming versions and concepts.

One thing is for sure – gamers find it hard to stay satisfied with a specific gaming concept. They are eager to try more ideas and get better experiences from time to time. Unfortunately, such a tendency fuels several trends in the gaming industry. You are getting accustomed to a new game frequently while a better theme rolls out. And you become all eager to taste the new game.

Similarly, we had the best games on our platters when something more powerful emerged – the play-to-earn games. Gaming trends will come and go, but play-to-earn games will rule the industry in the future.

Does that mean play-to-earn games are the future of the gaming world? Yes, they are! At Auxano Global Services, the best custom play-to-earn game development company, we are knee-deep in the gaming industry, observing the revolutions in the sector. We are pretty eligible to explain why play-to-earn games are leading trends in the gaming domain.

But before doing anything, let’s walk through some robust play-to-earn game statistics.

With a CAGR of 21.3 percent, the market for play-to-earn NFT games is anticipated to expand from $755 million in 2021 to $3618.4 million by 2028.

Axie Infinity, the most popular play-to-earn NFT game, made US$1.3 billion in revenue, with a daily peak of US$17.5 million in August 2021.

Axie Infinity recorded a whopping 1.5 million peak players in March 2022.

Woah! Those were some fuming numbers that might have encouraged you to know more about the P2E games.

Don’t worry! We’ll give you every information needed. Follow along with the article till the end to unlock more insights!

A Brief Overview of Play-to-Earn Games

Online games that allow the users or players to earn rewards with real-world value by performing tasks, competing against other players, and advancing through multiple game levels are known as “play-to-earn” games. In-game items, including cryptocurrency tokens, virtual land, skins, weapons, and other NFTs are used as these rewards. Because these games are decentralized, players can purchase, trade, and sell these in-game items for real money outside of the game’s virtual universe.

Now that you’ve understood play-to-earn games let’s review the leading P2E games.

Some Classic Examples of Play-to-Earn Games

Play-to-earn games have the world. Some of the early roll-outs have created a special position among gamers. The popularity of these games further suggests that the future belongs to the play-to-earn games. Let’s get started!

Axie Infinity

Axie Infinity is a game that allows players to collect, raise, breed, combat, and trade token-based animals known as Axies. It was inspired by well-known games like Pokémon and Tamagotchi.

Gods Unchained

Due to the competitive nature of this game, players must strategically outperform their rivals by creating decks that can counter a wide range of techniques.

Illuvium

Illuvium, which is sometimes hailed as the first AAA game on Ethereum, aims to satisfy casual gamers and die-hard Defi aficionados through various collecting and trading features.

Gala Games: Town Stars

Gala Games (GALA) is a play-to-earn blockchain-based cryptocurrency gaming platform that lets players acquire GALA tokens by reaching in-game milestones.

Silks

A brand-new NFT initiative called Silks uses blockchain technology to offer players a distinctive “derivative gaming” experience.

If you stay abreast of the trends in the gaming world, you might have come across at least one of them in your lifetime. Haven’t you?

Moving on, let’s jump onto our primary question.

Reasons Why Play-to-Earn Games are the Future of the Gaming Industry

Are play-to-earn games the future of the gaming industry? A big YES! Let’s take a closer look at the reasons!

The popularity of NFT

Let’s admit that NFT has become a buzzword among all netizens. And there’s no going back from here!

As tokenization will take center stage in the future, play-to-earn games will become mainstream. And, yes, they might swap the conventional games for a much better experience.

Immersive experience

Talking of experience, nothing can beat play-to-earn games. But, led by an amalgamation of AR/VR, gamers will find it challenging to resist playing these immersive games.

P2E games give actual ownership to gamers

What you earn when playing P2E games is entirely yours! That’s the best part about P2E games. It motivates the players to play more and keep the P2E trend alive forever.

More focus on security

The safe and secure blockchain technology backs the play-to-earn games. Unlike non-NFT earning games, these applications are well-protected and safe to use, attracting more players to taste the waters.

True earning potential

The play-to-earn games are not bluffs. Reports say that Axie Infinity players generate $500 profit every month, but such vibrant statistics encourage more players to use these games, making the P2E games the gaming future.

Infinite possibilities

We don’t know what lies on the other side when thinking about the P2E games. Instead, these games undergo massive evolution backed by next-gen technologies almost every day. The infinite possibilities of the play-to-earn games will keep the players intrigued and the hype alive for decades.

Warm welcome by gamers

The gamers have already welcomed the existing play-to-earn games warmly. As a result, many legendary gamers have shifted their axis from traditional games to P2E platforms. As a result, more gamers will likely join the league, making the play-to-earn games the leaders in the industry.

A massive FOMO!

Everyone talks about play-to-earn games these days. The ones who don’t play these games suffer from a massive FOMO (fear of missing out). So, they are jumping into the pool at the earliest, making the future of play-to-earn games more dazzling.

They can shape the world economy

We have already discussed that many employees have quit their jobs to become full-time P2E players. However, if the trend continues, it can become a significant revolution in the world economy, making gaming an official career track.

In a nutshell, these reasons indicate that play-to-earn games will largely dominate the gaming dimension. Undoubtedly, P2E games are the latest hype. However, will the trend last forever? Let’s analyze below!

Is the Trend Here to Stay?

A prominent question you might get here is, will the buzz about play-to-earn games stay forever? Let’s try to understand with some valid reasoning.

We all know that Metaverse, AR/VR, and cryptocurrencies are the latest popular terminologies worldwide. As new play-to-earn games roll out, they showcase a high utilization of these technologies. So, the upcoming games will have more implementations of these cutting-edge innovations, leading to even better and more robust games than ever.

Also, the popular play-to-earn games have already proven that becoming a gamer has massive scopes. According to the reports, numerous Axie Infinity gamers have resigned from their jobs to earn by playing full-time. It indicates that the P2E games might become a massive career opportunity for gamers. Thus, play-to-earn games will stay alive in the decades to come.

Finally, the powerful play-to-earn games have transformed numerous non-gamers into ardent players. Overall, these games have increased the global gamer population. And these gamers are hungry for new P2E experiences! So, top play-to-earn game development companies will develop and release new P2E concepts to satisfy the use base shortly.

All these factors suggest that the P2E trend has no signs of declining in the future. However, we should understand that play-to-earn games can become a more massive hit if they overcome several challenges. What are they? Here’s a detailed discussion!

Play-to-Earn Games – The Challenges

The play-to-earn games have a leveled pitch before them. However, there are numerous rough patches on the way. Once the play-to-earn gaming industry overcomes all hurdles, nothing can stop the P2E experiences from replacing conventional games.

A massive chunk of the global population knows nothing about P2E games. Bringing them to the field can be an enormous challenge for game developers. Also, the costs to play these games are pretty high, making it impossible for everyone to use the platform and play the P2E games.

Slow in-game transactions are another spine-breaker in the play-to-earn dimension. No one will pay a hefty sum and wait minutes for the transaction to get processed.

Finally, even the best bespoke NFT-based play-to-earn game development solutions have a razor-sharp focus on refining the user experience. In the process, they have highly neglected the gameplay. Believe it or not, it can be a significant obstacle in building the future of play-to-earn games.

The Bottom Line

Despite the challenges, play-to-earn games reflect the future gaming world. It’s high time for investors to develop unique P2E games from the best NFT-based play-to-earn game development company.

At Auxano Global Services, the top NFT game development agency, we will be glad to help you by developing premium play-to-earn games at affordable prices.

Get in touch with us to hire play-to-earn game developers now!