3 emerging P2E gaming trends to watch in 2022
The hype that sparked the rapid growth of blockchain-based gaming cryptocurrencies in 2021 has begun to dissipate, but here are three projects focused on bringing fresh blood to the ecosystem.
The game play-to-earn (P2E) based on the blockchain will have a decisive year in 2021, and it will ensure that the ecosystem of crypto-monnaies will evolve in 2022, the sector of the game P2E and the fact that it will invest again and again next stages. During bull markets, vaporware, speculation, and euphoria can lead to unrealistic valuations and expectations, and this appears to have had an impact on the P2E sector as well.
Now that the hype is “over”, investors and developers will need to identify new value propositions that will catalyze continued investment and growth in the blockchain gaming industry.
Here’s a closer look at some of the trends that could emerge in the P2E ecosystem in 2022.
Benefit sharing communities
The first trend to watch in 2022 is projects looking to exploit interest in non-fungible tokens to create profit-sharing models and capitalize on NFT price appreciation.
These projects aim to provide opportunities for gamers and investors by providing a platform where investors who are not interested in gaming can invest and provide NFTs to gamers who would not otherwise be able to afford them.
From there, players earn cryptocurrency rewards for their play, while investors get a cut of the profits.
An example of this type of protocol is Yield Guild Games (YGG), a P2E gaming guild and decentralized autonomous organization focused on building a community that enables gamers to earn through blockchain-based economies.
The DAO generates revenue through the sale of NFT assets or by renting them to players under a profit-sharing model known as an exchange.
Some of the current games and investments YGG is involved in include Axie Infinity, Illuvium, Guild of Guardians, Star Atlas, Splinterlands and The Sandbox.
The most recent investment for the YGG community was a $50,000 USD seed round investment in Heroes of Mavia and a $330,000 USD purchase of in-game NFT land assets.
Communities with educational support
Another trend emerging from the gaming and NFT industries is communities that focus on educating community members on how to earn money through gaming.
Blockchain-based games can be challenging for newcomers to learn, and some games have upfront costs that prevent some players from being able to play.
To help streamline the process, some protocols have sprung up that invest in offering internships to players. Merit Circle is a DAO project focused on growing its P2E economy by helping gamers turn their hobby into a steady stream of income.
At the time of writing, the Merit Circle community has 2,750 active players from regions around the world, including Asia, Africa, Europe, and South America, who earn daily rewards by playing one of the supported games.
Like YGG, Merit Circle also invests in community-owned assets that players can use to earn rewards, with 30% of all profits either reinvested in DAO or distributed to token holders.
The project uses educational content and one-on-one training sessions to help improve academic performance on the platform. These players have won over $2 million in bets to date.
DeFi is combined with NFT and P2E gaming
A third cryptocurrency trend emerging in 2022 is the development of investment projects and funds that aim to combine aspects of decentralized finance (DeFi), NFT, and P2E gaming.
While the gaming industry only appeals to a specific audience, NFTs have a wide range of capabilities that can be applied to many fields, from art to real estate, by providing immutable proof of ownership.
As blockchain technology continues its path to mass adoption, more and more real-world items will be digitally recorded on distributed ledgers, ultimately giving stakeholders an easier path to invest than currently exists.
It also allows for the possibility of fractional ownership of certain big-ticket items, such as a hotel or the copyright to a popular movie or music album.
BlackPool is one such project that is currently leading a team of portfolio managers, traders, and analysts with the long-term goal of becoming “a leading provider of financial derivatives in digital asset markets, including asset price indices, insurance mechanisms and actively managed strategies. ”
Ultimately, the project seeks to provide democratized access to rare NFT assets “that users may not be able to purchase on their own.”
Through the development of its DAO structure, BlackPool is now in the process of decentralizing its current operation to allow all NFT assets held by the fund to be managed by its community of token holders.
By Jordan Finneseth, Cointelegraph
Jordan Finneseth is a cryptocurrency enthusiast who has been involved in blockchain projects since 2017. He loves discussions revolving around blockchain and its implications for the future of humanity.
The opinions expressed herein are solely those of the author and do not necessarily reflect the views of Forex Quebec. Every investment and trading move involves risk, you should do your own research when making a decision.
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