![]() ![]() Also, countries like the Philippines and Argentina may present a growth opportunity that can't be overlooked. For investors and businesses, it becomes imperative to understand each project's whitepaper fully. Also, due to income differentials, cultivating a P2E fanbase in developing countries can be a superior strategy. For game developers specifically, this suggests that having sustainable tokenomics goes a long way. LATAM countries such as Argentina and Brazil trail closely behind (Decentral Games, one of Argentina’s favorite game sites, attributed this to the sharp inflation in both countries).įor those hoping to understand the potential of play-to-earn, or P2E, gaming, this is worth noting. In some cases, Filipino workers reportedly earn double or triple their local minimum wage. The Philippines boasts a 20% population adoption of blockchain games and accounts for 40% of the player base in Axie Infinity. This is quickly becoming an alternative career for many in developing countries. Play-to-earn games can be life-changing.īlockchain gaming allows players to earn while they play. ![]() This is a promising trend for new founders looking to attract seed funding.ģ. The challenges that come with being early-such as crypto onboarding, gaming infrastructure and tournament software-are also venture opportunities. ![]() This is expected to grow to $10 billion by the end of the year. In just Q1 2022, investors poured $2.5+ billion into crypto games. To start viewing messages, select the forum that you want to visit from the selection below. You may have to register before you can post: click the register link above to proceed. Some good news is that blockchain games are getting increasingly well-funded. Minecraft: Block Story If this is your first visit, be sure to check out the FAQ by clicking the link above. It is also largely uncorrelated with macro crypto fluctuations, which can be harsh. Establishing a game product feedback loop is paramount. It is important to stay focused on three things in the meantime: delivering a fun game, cultivating a loyal community and ensuring good user security. For builders looking to enter this space, expect a lack of support from mainstream platforms and media as blockchain gaming slowly gets legitimized. Volatility, hacks and scams like this have made it difficult for major platforms such as Twitch and Steam to adopt crypto games: Both have company policies banning NFTs. Its native marketplace then lost 17% of its user base in the 24 hours following the hack. Hacks are common: The well-known, play-to-earn game Axie Infinity was robbed of $622 million in March. The blockchain gaming space is still new and is plagued by growth challenges. ![]()
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