The gaming industry is massive and still growing. Around 3 billion people play video games in some capacity- that’s almost half the world. Although games were made almost exclusively for 15-30-year-old men, in the beginning, today, games are enjoyed by a wide variety of audiences.
However, the gaming industry is not without its problems. Lately, issues surrounding the ownership of titles customers have already purchased have been brought into the limelight, with issues like older Assassin’s Creed games being pulled from their player’s accounts. There’s also the representation issue; although almost half of all gamers are women, there are hardly any games catering to them.
Today, we’ll be going over how some innovative Web3 projects like Фасхион Леагуе and Gods Unchained trying to resolve these issues, as well as how P2E games are slowly overcoming the boundaries of traditional Web2 systems.
The Ever-Increasing Cost Of Gaming
A few years ago, you could get the new Call of Duty for around $40; with it, you would get everything in the game- forever. However, in recent times, the price of AAA titles has grown to around $60, and the games are filled with DLCs- often on release.
Now, this alone isn’t the end of the world, although the attitude of certain games toward DLCs has drastically increased the effective cost to purchase the “entire” game. The biggest issue is that when you buy a game nowadays, you don’t own that game or the assets within.
There are still free-to-play games like League of Legends or Fortnite out there. Due to their low barrier to entry and players-first business models, games like this have become the most popular titles in the world- mostly making money off in-game cosmetics like skins. However, these games are not without their issues either; if you get banned from the game- all of the skins you purchased with real money disappear along with your account.
How P2E Games Have Revitalised The Gaming Industry
With all of these problems that plague the traditional gaming industry, it’s no surprise that Web3 developers have sprung up to resolve them. Play-to-earn games are the most popular kind of blockchain-based games and revolve around allowing you to earn currency through gameplay you can trade for cash. For some people, P2E games can give them enough money to have a full-time income.
Source: https://zycrypto.com/why-play-to-earn-games-are-conquering-the-gaming-industry/