The latest pioneer in the NFT ecosystem has been play-to-earn (P2E) games. Robbie Ferguson, the Co-Founder of Immutable, speculates that gaming will be the source of the next 100 million cryptocurrency Daily Active Users (DAU).
While P2E gaming platforms integrate the metaverse with Web3 to provide a medium of investment, NFT aficionados may also earn money by playing these games. Specialists in the crypto industry predict that NFT gaming will account for 10-20% of market income shortly.
According to research released last year by the Blockchain Game Alliance, the number of young people interested in investing in digital games as a passive income is growing worldwide. It went on to say that the worldwide income from blockchain gaming was anticipated to be over $180.3 billion and that NFT trading generated $2.32 billion in revenue, 22 percent of which came from the gaming sector.
Ferguson said that the one who wins the NFT blockchain warfare would become the default network of all future gaming, entertainment, and collecting apps in a 2020 post. Previously, he reinforced the point, stating that one ground-breaking web3 game would instantly double the cryptocurrency user base.
The blockchain gaming movement exemplifies how the metaverse opens up new professional opportunities for young people, particularly in underdeveloped nations where the ROI may be higher than the usual minimum wage.
With over 2,000 major blockchain games on the market, such as Axie Infinity, Decentraland, Sandbox, and Gods Unchained, the expanding populace partaking confirms Ferguson’s opinion.
The top ten nations that provide the most players to P2E games are shown in the graph above. This information was retrieved between March 1 and March 15, 2022.