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How It all Began and how it's going
Nobody in the latter part of the 20th century would have imagined that one could earn real money just by playing games. Nonetheless, we are steadily progressing toward that world. By and large, a shift is occurring in the gaming industry, with games being published on blockchains and utilizing digital currencies (cryptocurrencies), decentralized exchanges/trading, and economies based on digital assets. These assets are frequently Non-Fungible Tokens (NFTs) to ensure their authenticity and uniqueness. As a result, the degree to which in-game graphics and objects may be monetized has expanded significantly during the last decade. Regardless, advancements in blockchain innovation are elevating Play-to-Earn (P2E) gaming to new heights. Anyone may earn money from the gaming space thanks to P2E games. As awareness of Play-to-Earn games grows, P2E games are virtually capturing market share in every contemporary form of gaming. Compared to traditional Pay-to-Win games, blockchain and NFT-based games establish a balance between Pay-to-Win and Play-to-Earn, Knight War-The Holy Trio is a blockchain game of this type.
According to Investgame's research, the gaming industry is growing in blockchain-powered cryptocurrency games. In the first half of 2021, crypto gaming firms concluded 24 transactions worth more than $476 million (twice as many as the entire year of 2020). Throughout the 50-year history of video gaming, games have served as a diversion, something to help one forget about a long day at work. However, a new generation of video games rewards players with cryptocurrency using blockchain technologies such as NFTs. Play-to-earn NFT and metaverse games are the latest and most exciting trends to hit the crypto market. Participants are paid with cryptos or NFTs for games they would usually play for free under this novel gaming paradigm oriented for adults. In certain countries, these "play to earn" games has already enabled gamers to earn a living from playing these games, with scholarship programs and academies cropping up to assist players in navigating this strange new world. However, what is the primary motivation for crypto fans to spend hours playing crypto games? It is no longer purely recreational. Crypto gamers may earn prizes while playing, which they can swap for fiat currency and pay in real life. Users acquire ownership of in-game assets and may raise their worth via gameplay in play-to-earn crypto games. In addition, they can earn tokens and NFTs as a reward for their involvement. Axie Infinity is a successful example of a play-to-earn gaming enterprise; monthly income rose from $103k in January to $364m in August 2021. The game has surpassed one million daily active players and exceeded $600 million in cumulative revenue.