Without banging the drum too much, blockchain games performed exceptionally well this year. Nobody believed that projects like Axie Infinity, Decentraland, The Sandbox, Gala, and Enjin would make it into the top 100 cryptos at first, except for many investors who regularly buy altcoins.
However, if you analyse the progression of the following components, it may have been predicted:
NFTs are evolving in the same way as Pokémon are.
Despite the NFT surge at the start of the year, many individuals expressed scepticism with the emerging crypto market investment and were unsure of their true function. At first sight, they appeared to be nothing more than fancy and incredibly costly JPEGs that you might use as a profile picture on social media. The first NFT craze, on the other hand, brought with it a slew of NFTs as a phenomenon, demonstrating their importance in terms of the environment.
Let's look at NFT from the standpoint of their original goal: collecting. Consider the following scenario: You have a cool-looking figurine of a favourite character on your shelf. It's worth is determined not only by the money you paid for the item, but also by its continual potential to be eye candy. Furthermore, you may interact with it by touching it, playing board games with it, and moving it from one location to another. NFTs are similar to collectibles, however they exist in a digital context.
Play-to- Earnings Features Have Been Found to Be Beneficial
Although value is subjective, there are always reasons for it. The value of NFTs should not be determined only by the fact that they are non-fungible tokens. Blockchain is only a technology that allows you to save wealth; it should not be used to store value.
In light of the foregoing, NFTs are only useful within the context of the environment. An NFT from the Enjin ecosystem, for example, is useful in games that support Enjin since it may be utilised in-game. As a result, the value is generated from the environment rather than the other way around.
The environment, on the other hand, also bears the burden of creating value. In the conventional gaming business, the major focus of a player's enjoyment is gameplay, aesthetics, and plot. The focus in the blockchain gaming business has turned to leveraging an in-game economy to acquire tokens that can then be traded for real money.
Why You Should Care
With all mentioned above in mind, I believe crypto games are in their prime. They are increasing in value as a result of a series of fortunate events in the crypto world, as well as the natural progression of blockchain technology. When people get accustomed to play-to-earn features, however, the focus will move back to the best quality gameplay and aesthetics. In the foreseeable future, the quality bar will be raised tremendously. As a result, only the greatest will survive.