The gaming industry has grown rapidly over the past decade, with 3.24 billion gamers participating in the previous year alone. There are some signs that the market value of the industry will continue to rise at an increasing rate. The main downside is that people now recognize the value of their time and believe they should be financially compensated for their virtual experiences.
The rise of “play-to-earn” games has allowed gamers to monetize their hobbies while becoming the primary decision makers on gaming platforms rather than developers. Play-to-Earn games are gaining momentum and reshaping the gaming industry as a whole. But, before we dive into the lucrative world of Play-to-Earn games, let’s first understand how it works.
Play-to-earn games have disrupted the traditional gaming market as we know it by allowing users to earn money while enjoying gaming experiences. a study, of the 3.24 billion active gamers last year, more than a billion preferred to exchange their digital assets for a cryptocurrency usable anywhere. The innovative play-to-win game model has helped create a lucrative business, allowing everyone to make money while having fun.
There is a whole framework developed around professional gambling, but the “play to win” has helped create a concept of ownership and profit sharing. The ability for players to earn and own digital assets that they can redeem for cash at will is a game changer. However, there are still opportunities for growth in the blockchain gaming industry as play-to-win games have yet to take off and gain traction.
Currently, NFTs are working as a catalyst for the growth of the GameFi sector. The year 2022 has been hailed as the year GameFi will rise; however, the industry has not seen an increase in adoption since the first quarter. GameFi projects are capitalizing on the growth in popularity of NFTs by initially selling their gaming NFTs before launching their games. NFTs help these projects to be more accessible to interested users. Battlefly, for example, is a gameFi PvP/PvE project powered by $MAGIC.
The project began with the release of rare Battlefly NFTs, which quickly sold out. Battlefly plans to release the full game later this year. The NFT strategy has made the project more accessible to users and created anticipation for the launch of the game. The growing popularity of NFTs is also supporting the crypto world seeing the “Rise of GameFi” this year.
Although there are several Play-to-earn projects with utility, the main problem is that most of them are not very profitable and lucrative. Some projects have utility and are not lucrative, while others are lucrative but are mostly one-dimensional and useless. The Play-to-earn sector is always growing and it is rare to see a game project that ticks all the boxes: lucrative, accessible and utilitarian. However, new game projects are paving the way for an accessible and lucrative game-to-win market. For instance, raging gods and attack cart.
Profit-making Play-To-Earn project that provides utility
let’s look attack wagon; it seems to check all the boxes of a well-structured game pattern to win. Attack Wagon is a blockchain game development studio specializing in free and paid games. Attack Wagon provides consumers with an immersive gaming experience using blockchain, DeFi, and NFT technology.
Scrap Guilds, a sci-fi RPG with direct in-game use of Attack Wagon’s native $ATK token, was recently released and available for purchase on Gate.io and Quickswap. $ATK is an ERC-20 coin based on the Polygon chain. $ATK can be spent on in-game items such as NFTs and PvP entry fees in the Attack Wagon environment.
Attack Wagon was founded to make the lucrative world of play-to-win more accessible, offering free in-game starter items to encourage engagement and monetization while the user is playing. The items and land (or NFT) will increase in value with higher usage levels as they are upgraded, earning even more value over time.
The Attack Wagon platform allows users to passively earn the same cryptocurrency across multiple games, earning significantly more money. The first Attack Wagon game, Scrap Guilds, has an exciting storyline and exciting features including multiplayer, quests, and PvP among others. Its release is scheduled for the third quarter of this year.
A lucrative and accessible “Play-To-Earn” world
The unique play-to-win model has had a significant and obvious impact on the gaming world, but some changes are needed to realize its full potential. It is essential that a GameFi project be profitable and accessible to everyone to increase user adoption and bring more people into the world of cryptocurrency. Innovative gaming projects such as Attack Wagon seem to pave the way to a more accessible and lucrative world of “play to win” with utility.