Play-to-Earn: The Evolution of Gaming in the Next Crypto Boom

The crypto market is in the early stages of a new and promising bull cycle that could be of significant magnitude. Numerous related markets are experiencing a powerful revival in terms of adoption and trading volume. One of these markets is blockchain-based video games or play-to-earn.

How far this sector could go if the bullish trend of Bitcoin and other alternative coins continues is an interesting question. In this work, we analyze the context and conditions of this particular world and its role in the rise of new technologies.

It is worth mentioning that a good portion of future technological advancements, such as the Metaverse, have a fundamental seed in these games. In this sense, the most novel proposals in the sector now become unparalleled investment opportunities. Hence, it is important for investors to keep an eye on this sector and explore its potential.

The crypto market in a bullish trend likely until 2025

The approval of just over a dozen Bitcoin ETFs on the New York Stock Exchange has dispelled doubts about the bull run. For years, it was assumed that the arrival of institutional capital to the crypto market would mark the beginning of a new era. And that prophecy seems to be coming true.

On the other hand, it should be noted that the fourth halving signifies a process that will fully mature by 2025. The halving of rewards becomes a limitation on the new liquidity entering the market, which coincides with the demand from institutions.

This can be considered a perfect combination for cryptocurrency market prices to set new highs far beyond the previous ones. The mass adoption of cryptocurrencies seems to have a historical starting point in this bull run that is about to consolidate.

Under the atmosphere of this new bullish cycle in the crypto market, play-to-earn (P2E) could also reach new dimensions. The arrival of institutions to this sector could accelerate the merger with artificial intelligence for more entertaining and profitable games for users.

Is the resurgence of the P2E sector guaranteed?

Taking things for granted in the world of cryptocurrencies is not very smart behavior, and this includes the P2E sector. However, as things stand, this world seems to have plenty of fuel to make a leap of great magnitude. In fact, the sector has formidable strength and during the winter was one of the main supports of the DeFi world.

In any case, if P2E firms managed to progress despite the difficulties of 2022, why wouldn’t they do well in a bull run? With this in perspective, it can be said that there are compelling reasons to believe that the sector is about to enter a dream stage.

The first element to consider is the increase in cryptocurrency adoption. In simple terms, more new people means greater usability. Every user who enters the world of cryptocurrencies becomes a potential player of these video games. Another aspect to consider is the substantial improvement in the quality of the games. This is a fundamental element, given that engagement adds to profitability.

The increase in investment opportunities is the third of the factors to believe in a new rally in the P2E sector. For many users, investing capital in these games may be safer than other risky options like trading. In any case, the new bullish cycle in the crypto sector will test each of these possibilities.

Some new proposals of great interest

Before proceeding, it is worth noting that this work does not promote any game in the play-to-earn sector. These protocols often carry risks and in many cases are fraudulent projects. Consequently, if anyone wishes to enter, it is at their own risk. The only advice we can give is to thoroughly research beforehand.

That said, we analyze some games with future potential that we encountered along the way in this research. One of the most striking is Binemon, a game that allows you to earn rewards in both PvP and PvE modes. It involves breeding pets in the form of NFTs from eggs. With them, you can go to the arena and win rewards.

On the other hand, there are also games based on augmented reality (AR). Among these, Realm, Wizardia, Polka City, Arcona X-Reality Universe, and Dogemon stand out, to name a few.

As can be seen, the new bullish cycle in the crypto sector presents itself as a good opportunity for many investors. For the more traditional ones, it should be highlighted that a large part of the community is expecting the resurgence of Axie Infinity and other classics.