2021 was undoubtedly a good year for blockchain-based play-to-earn games, from Axie Infinity to Gods Unchained.
But as the trend for P2E games normalizes, the market will need new catalysts to stir interest and engagement for all stakeholders involved, including players and sponsors.
This 2022, here are some P2E gaming trends to watch out for that can help you get a better sense of where the market is going and how to best position yourself, whether as a gamer or investor.
Profit Sharing Mechanism
A major trend for the P2E gaming community is profit-sharing between investors and professional players. This model is highly dependent on market interest in NFTs, or non-fungible tokens.
In a profit-sharing model, an investor will shoulder the relatively high costs of NFTs that are needed to play certain games, i.e. Axies for Axie Infinity or rare cards for Gods Unchained.
They then give these NFTs to players who would not be able to afford them otherwise but are technically competent and interested in playing the game. Players then earn prizes based on performance, which then get converted into profits for their investors who provided them with the initial NFTs.
Highly Supportive Gaming Communities
The P2E gaming industry is still relatively nascent, which makes it harder for newcomers to come in and make money through their chosen game.
This steep learning curve can deter interest from new players, which ultimately prevents the community from growing. Luckily, an upcoming trend this 2022 is communities that are purely devoted to educating new members on how to efficiently earn money via gameplay.
In fact, new protocols that invest in apprenticeship programs have been rolled out to provide technical support for the P2E gaming community. Educational support may come in the form of video-based courses or one-on-one coaching sessions.
DeFi Integration With P2E Gaming
Decentralized finance, more commonly known as DeFi, is poised to be combined with NFTs and P2E games.
Any industry that requires immutable proof of ownership and transparency can adopt the use of NFTs, and a decentralized financial network can help manage these NFT transactions without the high intermediary costs and the unnecessary bureaucracies from traditional brokerage firms and banks.
P2E gaming is directly associated with NFTs and blockchain technologies. Whether you’re an investor or a gamer, knowing the upcoming trends ahead can help you prepare for the increasing technical complexities of these closely intertwined technologies.
More importantly, you can find more opportunities to profit off these gaming activities by understanding the trends that are driving NFT and cryptocurrency prices.
Note that understanding these trends does not make any investment choices risk-free. You’ll still want to practice proper risk management measures, including position sizing and stop loss setting.