With the help of blockchain, gaming is finally becoming a decent career.
Gaming as a career?
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Gamers have always dreamt of a day when their hobby can pay bills. Capital from different parties has poured in to help turn this dream into a reality. We have witnessed the birth of successful gamers from multi-million-dollar gaming tournaments to game live streaming platforms. But the truth is, the number of those who can make a living out of gaming is tiny compared to the total number of gamers out there.
The rise of blockchain games
But blockchain is going to change gaming forever. In mid-July, the price of AXS (Axie Infinity Shard), a native token of the blockchain-based game Axie Infinity, grew 1000% in a single month despite the bearish signs of the crypto market. The ascent of AXS also started an upward march in the price of many other blockchain-based game tokens.
A promising revolution
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The surge in the price of blockchain game tokens is reflective of gamers’ expectations. What makes blockchain games different is that their in-game money, items, and digital assets can be traded for real money in a fair and transparent way. Its decentralized economic system enables a win-win situation for both the developers and the players. Therefore, many call blockchain games play-to-earn games.
How does it work?
First, in-game money is constructed to be a compatible cryptocurrency that can be traded with other compatible cryptocurrencies like Bitcoin, Ethereum, and many other popular coins and tokens, which can then be traded for hard cash. Second, in-game items and digital assets are constructed from Non-fungible Token – NFT, a token standard with unique IDs that can prove itself to be unique and not interchangeable. The value of the in-game NFT digital assets depends on their rarity and uniqueness. Once you own an NFT digital asset, no one can steal it or make a fake version of it and it will theoretically exist forever.
Play-to-earn
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Gamers can earn money by trading NFT game items collected from the game. New NFT items and rewards are generally created after progressing through the main plot i.e. breeding rare characters, battling other players or using the lucky spin. Many gamers have reported to earning enough to pay bills1 from playing blockchain games.
No game is perfect
A large number of blockchain-based play-to-earn games have entered the market. However, the majority fail to deliver a true gaming experience. This is partly due to the fact that gaming features of such games are lacking and usually serve as gimmicks to promote the purchase of their cryptocurrency. Some games do better by offering richer gameplay. But they suffer from an inherent conflict of interest between old players and new players as their token price fluctuates. This is the problem of most blockchain-based games. However, a promising rookie will step up and address this problem.
Introducing Legend of Fantasy War
Legend of Fantasy War (LFW) is a cross-platform, blockchain-enhanced, play-to-earn, 3D turn-based RPG, collectible card game designed in the Chibi Art style. What makes Legend of Fantasy War and the next generation of blockchain games different is their approach. The newer game focuses on building a rich gameplay first before integrating blockchain, giving players a wider range of activities to earn money from besides just battling and breeding.
It is also better because it can include the player base in the development process. If you are a LFW token holder, you can affect the direction of the game by proposing and deciding the changes. This was only recently made possible thanks to an innovative governance system called Decentralized Autonomous Organization or DAO.
A bright future
Blockchain still has a long way to go before it can take over the traditional gaming industry. These disruptive projects are still in their early stages but they have made excellent examples showing the potential of blockchain. With the right tool, gamers can finally focus on what they do best: use their creativity and have fun while blockchain will help them make money.
https://www.coindesk.com/for-filipinos-axie-infinity-is-more-than-a-crypto-game