Games will adopt blockchain in 2022 through esports and P2E models: Report
In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing.
This trend may continue in 2022 as play-to-earn (P2E) business models become more developed and blockchain adoption in esports becomes more mainstream. In a report published by gaming insight company Newzoo, the firm predicts that P2E models will become more viable in 2022 as gaming companies try to adopt blockchain.
Additionally, the need to diversify earning streams may lead esports organizations to turn to blockchain-based earning mechanisms by utilizing nonfungible tokens. Because of this, new esports business models involving blockchain are starting to emerge and will have more developments in 2022 according to Newzoo.
Apart from these, the report shows that metaverse-related games may also become more prevalent as younger players continue to frequent existing “proto-metaverse” games like Roblox, Fortnite and Minecraft.
Games are playing a key role in shaping the #metaverse. But who are the #metaverse players? We zoomed in on people who play proto-metaverse games like #Roblox, #Fortnite, and #Minecraft to find out. ️♂️ Explore the insights here: https://t.co/590e2Q0dqS pic.twitter.com/u5FltKyHQV
Newzoo also predicts that “the brand gold rush for virtual real estate is only just beginning.” As companies continue to see the potential opportunities within metaverse games, more investments may flow to virtual real estate.
Related: Warner Music Group announces partnership with blockchain gaming developer Splinterlands
At the moment, Pokemon-inspired Axie Infinity continues to be
Read more on cointelegraph.com
