A Wave Of New Blockchain Games Are Accelerating Mainstream Adoption Of Collectibles And NFTs
13 Dezember 2021 - 11:18AM
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As the NFT market grows bigger and better with each passing day,
new and innovative third-generation blockchain platforms have paved
the way for the emerging blockchain gaming sector to leverage the
power of non-fungible tokens (NFTs) to their full extent.
Currently, the aggregate market capitalization of NFTs has crossed
$63 billion, with several NFTs and collectibles tokens experiencing
continuous upward price momentum. Decentraland (MANA), Gala (GALA),
The Sandbox (SAND), and several other blockchain games have already
set the foundation for the much-hyped “metaverse,” giving users a
sneak peek of what the future holds for them. Although NFTs have
been around for a while, they really garnered mainstream attention
between 2020 and 2021 amid eye-popping auction figures. With
several NFTs changing hands for tens of millions of dollars, both
service providers and consumers began to realize the true potential
of NFTs, despite the initial speculative drive. For instance, the
NFT ecosystem witnessed a flurry of new and promising projects in
2021. Prominent blockchain platforms like Ardor and Tron have also
entered the scene with their own NFT games. The latest platform to
join this list is Polygon, the layer-2 protocol for Ethereum. As
part of its ongoing efforts to bridge the Web2 and Web3 worlds
while actively supporting and facilitating the development of NFTs
on its network, Polygon has entered the NFT scene with its recently
launched Polygon Studios. This new division will focus exclusively
on blockchain gaming and NFTs. The platform has also invested in
Colexion, Asia’s biggest NFTs marketplace, and has announced to
finance 50% of all ongoing product development costs for GameOn
Entertainment, a prominent game development studio. All of this
points to one thing: the NFT ecosystem has entered into the big
leagues, and we will now see many other players merging NFTs with
traditional video gaming. This makes sense when considering that
the blockchain gaming industry has emerged as the fastest-growing
sector within the blockchain ecosystem. Play-to-earn, free-to-win
NFT games have disrupted the traditional gaming model by giving
users complete ownership of in-game assets. As a result, more and
more NFT games are being launched, some of which are backed by
industry leaders and have the potential to revolutionize gaming as
we know it. Here are a few NFT and blockchain gaming projects that
you should watch heading into 2022. Redefining In-Game Asset
Ownership Using NFTs While several blockchains support NFTs and
games, Ardor is one of the few blockchains that offer native
support. For instance, most platforms are oblivious to the number
of NFTs minted or traded as most activities are managed via smart
contracts developed by third parties. Although these smart
contracts get the work done, relying on third-party developers
leads to security risks, added costs, and centralization – all of
which are problems for both the service providers and the
consumers. The Ardor blockchain addresses these problems with
features designed specifically for natively supporting NFT assets
and tokens. Developed by the Swiss-based blockchain Jelurida, Ardor
introduces a unique parent-child chain architecture alongside a
multichain proof-of-stake (PoS) consensus mechanism and rich
customization features. One game leveraging Ardor’s features
(alongside Polygon’s infrastructure) is Mythical Beings, a card
game that has gained substantial traction amongst players over the
last couple of months. This free-to-play, play-to-earn game allows
users to collect, buy, trade, and craft cards to earn
cryptocurrencies. Each card and character in this game is unique
and represented by individual NFTs. The rarer the card, the higher
the value. This Ardor-based game uses the Polygon Bridge to bring
its NFT collections on OpenSea, one of the largest NFT
marketplaces, helping maximize interoperability and allowing
players to access secondary marketplaces on Ethereum and other
EVM-compatible chains. Due to this collaboration, Mythical Beings
can offer its users the benefits of both Ardor and Polygon
networks. Another promising NFT game is under development by Xaya,
the oldest blockchain game development platform known for
Huntercoin, the first-ever blockchain game launched in 2014.
Autonomous Worlds, the team behind Xaya, is currently developing
the on-chain version of the highly played Soccer Manager Elite
game. Soccer Manager Elite is a community-driven and open-source
multiplayer online soccer management game. The game is built on
Xaya’s open-source blockchain gaming platform, giving players
complete ownership of their in-game assets in the form of NFTs. SYN
CITY is another upcoming blockchain game set to debut soon. This
on-chain version of the mafia-syndicate-themed gameplay will be
100% free-to-play, play-to-earn. Developed by a team of gaming
industry veterans from Disney, Amber, Ubisoft, Roblox, EA alongside
tech giants such as Google, Tron, Yahoo, Twitter, SYN CITY relies
on the concept of tokenized in-game assets. Backed by Twitch
co-founder Justin Kan and Zynga China’s co-founder Robin Chan’s
Goat Capital, SYN CITY recently raised $8 million from its
investment round to develop innovative features and in-game
products for its community. The game will also introduce the
first-of-its-kind governance mechanism, Mafia-as-a-DAO (MaaD), to
help automate decisions and facilitate transactions. With this
governance mechanism in place, users can rest assured that all
gameplay and rewards on the platform are transparent and provably
fair. Finally, Splinterlands is another amazing blockchain game
that everyone should check out. This innovative play-to-earn game
has single-handedly dominated the blockchain gaming ecosystem.
Previously known as Steem Monsters, Splinterlands allows users to
earn rewards via in-game achievements, multiplayer battles,
tournaments, and quests. Splinterlands now ranks as the most played
game for four consecutive months, with the total number of active
wallets on the platform swelling to 670,000. Over the last 30 days,
the aggregate transaction volume on the platform has reached close
to $400,000. The platform is now hosting the Chaos Legion release
and pack sale in three phases. The Presale has been an enormous
success, with one million card packs already sold. As more and more
game developers start merging tokenization into their games, the
next wave of blockchain boom will most definitely be due to the
increased adoption of NFTs. NFTs are here to stay, dominate, and
help players gain the most value from time, even via opportunities
to generate passive income. The blockchain gaming revolution has
just begun, and it may well be in your interest to ride this trend
into 2022 and beyond.
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