So you’re probably wondering what all the fuss is about with this game. Notably, the Blockchain-powered game “Axie Infinity” tops the industry, with over $1 billion in trade volume - $600 million of which occurred in July - making it the most expensive collection of non-fungible tokens (NFTs).Īccording to data, traffic to has increased by 375 percent, with 22.9 million visits. According to the Blockchain Game Alliance’s (BGA) most recent Blockchain Game Report, over 804,000 unique active players connected to Blockchain-based games in July. Play-to-earn games such as Axie Infinity and The Sandbox have lately grown in popularity.
The Play-to-Make documentary, shot in January 2021, tells the story of a rural Filipino community that began playing Axie Infinity to earn money during the COVID-19 pandemic, with top players earning up to $400 per month. Yes, living, these games are now more than simply for entertainment. This new class of games is emerging in which playing can be viewed as an investment opportunity – and even a chance to earn a living. The current state of blockchain gaming is primarily focused on producing assets for valued transactions, and it has already attracted a brewing community, but its future depends on attracting a far bigger one. NFTs enabled the ownership of digital objects outside of the game, allowing users to participate and make money from the game. For example, if you unlock a rare item, you might utilize an NFT to show that you truly own it. One of the most intriguing aspects of such games is that you can possess NFTs within the game. Some game creators have also incorporated the technology, and there are already many blockchain games available. In recent years, the word “Blockchain” has been on everyone’s lips, thanks in large part to Bitcoin and other cryptocurrencies. Axie Infinity, a play-to-earn game inspired by the popular video game franchise Pokemon, was released in 2018 by Vietnamese developer Sky Mavis.
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