The rise of play-to-earn (P2E) games has been a recent phenomenon in the gaming industry. P2E games, also known as decentralized or blockchain games, allow players to own and trade virtual assets within the game, providing a new level of player autonomy and control.
The trend started to gain traction in late 2017 and early 2018, with popular games such as CryptoKitties, and Axie Infinity leading the charge. Since then, the P2E gaming space has continued to grow and evolve, with more and more developers creating games that allow players to take ownership of their virtual assets and experience the benefits of blockchain technology.
Generated $2.32B in Q3 of 2021, the rise of P2E games has completely changed the way players interact with and view their in-game assets, offering a new level of excitement and engagement in the world of gaming.
But 2022 comes, and the biggest crash of P2E gaming occur. Axie Infinity weekly revenues of $988,400 as of June 2022 which is 99.7% decline from it's peak, without a solid hope of it reaching it's highs. Many players have lost money and become depressed with the situation and the game.
Why is P2E gaming unstable?
Subject to market volatility, this can cause instability in the in-game economy and affect players' ability to earn rewards. Another reason is the unstable tokenomics of the P2E game itself or the game play are just too shallow or boring to engage casual players, and lastly, P2E players seek profit in gaming more rather than just having fun.
So what's the next trend in GameFi?
Catering all the GameFi and P2E trilemma, innovative Web3 game launcher has been developed under HAVAH network.
Introducing Perplay, the world's first ever Web3 game launcher that solves the three Game-Fi trilemma. Core features include: playability, accessibility, and profitability where users have true ownership - adding any games they want and be rewarded based on playtime.
With its in-app wallet and marketplace, players can monitor their in-game assets like NFTs and token rewards. Moreover, Perplay aims for a balanced ecosystem - balancing gameplay and profitability, a unique feature elevating gamers.
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We are still yet to discover more on the gaming industry, be open with opportunities as Web3 will dominate next.
Be with Perplay, transform your gaming experience now!
Stay tuned on Discord for the beta release this year. Available on Android and iOS soon. Be active for OG, Whitelist role, and upcoming giveaways. See you there!
Website: http://perplay.io/
Facebook: https://www.facebook.com/PERPLAYofficial
Twitter: https://twitter.com/PERPLAYofficial
Discord: https://discord.gg/PERPLAY
Telegram Announcement: https://t.me/PERPLAY
Medium: https://medium.com/@PERPLAY
#Perplay #Web3 #Blockchain #Gamelauncher #Gaming #Games #Technology #PlayandEarn #GameFi #Technology #Crypto
Play-to-earn games made a big impact on everyone especially Axie Infinity. This is the year for the web3 game launcher like Perplay. I can't wait to play my favorite games on Perplay!
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I believe so :) The rise of Web3 game launcher will boost mobile gaming experience and most especially the mobile gamers.
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Great content! Market volatility and unstable tokenomics are important factors to consider in the in-game economy.
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Seems this project will ride the potential trend of web3 crazed in the 2025 bullrun.
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