Can Cryptocurrencies Change the View of the Game Industry in the Future

[bounceback]

Image source: newsbtc.com

In the past most people played games just to get rid of boredom or just to fill spare time when there was no important activity to do but after Cryptocurrency was adopted by the gaming industry then now it seems to have changed people's views of the gaming industry because now playing games is no longer just eliminating boredom because we can also earn while playing, last year Play to Earn experienced high hype which shows that many people are interested in following this type of game, but considering Play to Earn is now less in demand so could it be that they will be abandoned in the future?

[ryzaadit]

Yes, but can "Gaming Industry" adopted to cryptocurrency?

As you know "Steam" are responding to avoided anykind of game who have "NFTs" + a long time ago they remove "BTC" from the payment process. IMO, the gaming industry developed still limited to crypto-currency circle.

We need to targeting non-crypto user, to gain more adoption. But, is not gonna easy because most regular gamer are not really want it.

[avikz]

I wouldn't say cryptos will be changing the gaming industry, rather what I foresee, crypto will be creating a new breed in gaming. The traditional gaming will remain as is it which is currently being controlled by Steam, EA or various game pass providers. There will be an emergence of web 3 gaming where the cryptos will be extensively used.

Since the market for web 3 gaming is very different than the traditional gaming, it would create a new breed in the market. The kind of dominance steam 9r similar platforms have, would not be easy to eat into.

[fzkto]

If popular games will have their own tokens, which will have an inflationary model, rather than the deflationary model that all p2e games have, then maybe cryptocurrency will gain new popularity among gamers. For example, if in CSGO you can buy some items with their own token, or in World of Tanks. Then you can count on success. And the main thing is that the number of tokens will be limited.

[rhomelmabini]

Play to Earn experienced high hype which shows that many people are interested in following this type of game, but considering Play to Earn is now less in demand so could it be that they will be abandoned in the future?

Change is constant and trend year by year are different. So, it's possible that it will be abandoned or it may not. It may not, in the sense that people are getting used to it. The main thing and what's I like about integrating crypto on gaming was the feature that you own your identity instead of a centralized entity like huge corporations out there.

[Yogee]

.....last year Play to Earn experienced high hype which shows that many people are interested in following this type of game,

They are interested with the money they can earn from the game and not particularly interested in the game. There's a huge difference there.

but considering Play to Earn is now less in demand so could it be that they will be abandoned in the future?

I don't think so. The industry just needs to be cleaned up so gamers wouldn't have to be victims of rugpull and exit scams.

Some reputable gaming platforms continue to explore NFTs so that's a good sign that the we will continue to experience P2E games.

[Novita]

Image source: newsbtc.com

In the past most people played games just to get rid of boredom or just to fill spare time when there was no important activity to do but after Cryptocurrency was adopted by the gaming industry then now it seems to have changed people's views of the gaming industry because now playing games is no longer just eliminating boredom because we can also earn while playing, last year Play to Earn experienced high hype which shows that many people are interested in following this type of game, but considering Play to Earn is now less in demand so could it be that they will be abandoned in the future?

I think as a bounty hunter, yes they will leave Play to Earn because they will feel bored with this type of game. But not for gamers, because most of the regular gamers don't really expect crypto rewards from the games they play.
Although from year to year there have been changes in the IMO payment process, what has been developed by the game industry to play the game is limited to cryptocurrencies only.

[ethereumhunter]

It can happen because what we see today, cryptocurrencies have been adopted by the gaming industry and now people are not only playing games but also trying to make money. This is good for people who enjoy playing games because they not only use their money to buy something from the game but they can also make money from the game. I think the Play to Earn trend can still develop in the future as long as developers can provide something different from the existing ones so that the game can attract more people to play it.

[$anounimus$]

...could it be that they will be abandoned in the future?

Absolutely No, Especially When the market reaches its full potential, Cryptocurrency gaming can have a tremendous impact on this particular industry. There is a lot of growth potential in the future if gaming companies choose to accept Bitcoin payments and reward their players and some of the big names in the industry have publicized the possibility of accepting cryptocurrency as payment.

Yes, With Technology cryptos, gamers can make money without risking their health. All this means that the future of gaming is definitely backed by smart contracts and different game mechanics that will help keep gamers healthy, instead of becoming slaves to their computers without social connections, but at the same time making a lot of money.

[wxa7115]

It can happen because what we see today, cryptocurrencies have been adopted by the gaming industry and now people are not only playing games but also trying to make money. This is good for people who enjoy playing games because they not only use their money to buy something from the game but they can also make money from the game. I think the Play to Earn trend can still develop in the future as long as developers can provide something different from the existing ones so that the game can attract more people to play it.

People have tried to earn money from video games for a very long time, on MMORPG games people have been farming gold and all kind of items to resell them to other players, so this kind of model in which a player spends their time grinding for something in a video game is nothing really new.

So I suppose that play to earn tokens have a place but they will have to check their business model as many games which were released and were relatively popular have collapsed already.

[rugrats]

Image source: newsbtc.com

In the past most people played games just to get rid of boredom or just to fill spare time when there was no important activity to do but after Cryptocurrency was adopted by the gaming industry then now it seems to have changed people's views of the gaming industry because now playing games is no longer just eliminating boredom because we can also earn while playing, last year Play to Earn experienced high hype which shows that many people are interested in following this type of game, but considering Play to Earn is now less in demand so could it be that they will be abandoned in the future?

I think as a bounty hunter, yes they will leave Play to Earn because they will feel bored with this type of game. But not for gamers, because most of the regular gamers don't really expect crypto rewards from the games they play.
Although from year to year there have been changes in the IMO payment process, what has been developed by the game industry to play the game is limited to cryptocurrencies only.

Play to earn does not provide a real entertainment game, it only focuses on making money. But if they were really serious about building a game that could be both really entertaining and potentially help players make money, people wouldn't leave play to earn. I will believe that play to earn will improve and will return to the market with more quality games, play to earn is really potential.

[ethereumhunter]

It can happen because what we see today, cryptocurrencies have been adopted by the gaming industry and now people are not only playing games but also trying to make money. This is good for people who enjoy playing games because they not only use their money to buy something from the game but they can also make money from the game. I think the Play to Earn trend can still develop in the future as long as developers can provide something different from the existing ones so that the game can attract more people to play it.

People have tried to earn money from video games for a very long time, on MMORPG games people have been farming gold and all kind of items to resell them to other players, so this kind of model in which a player spends their time grinding for something in a video game is nothing really new.

So I suppose that play to earn tokens have a place but they will have to check their business model as many games which were released and were relatively popular have collapsed already.

Maybe if the game project doesn't become a trend because there are things that the team doesn't pay attention to, they lose the moment to develop the project further so that it can be better. I saw the Play to Earn game but because it looked like the previous games, people became less interested. Moreover, they were required to buy a lot of items to level up. And if they went the normal way, it would never be easy. Maybe the team needs to think about how they can make it easier to play and make money in other ways to make players more creative in playing and making money.

[Jatiluhung]

I've played several Play to Earn games. and my purpose of playing it is because to make money. but I think the current type of play to earn game is less interesting. and the concept of the game feels monotonous. so we become bored to play it. different from games like Mobile Legend which are always interesting to play. even many are addicted to the game. so the problem is in the play to earn game development team itself. sometimes they are too focused on the Income system. and they don't really focus on developing the fun of the game itself. So cryptocurrency also won't have much effect if the game developer can't make Game play to earn, which in addition to producing but also having to focus on increasing the fun of the game itself. this is why gamers rarely play the Play to Earn game.

[iv4n]

The answer is yes, crypto can change the view of the game industry in the future! We can say it does it already, like most others here I changed my views, and that speaks for itself! It will take time and a lot of development, many games I tried are very simple, and I didn't find some play-to-earn game that will interest me to play a bit longer. In order to get into the gaming industry, crypto will need some better and more interesting games... simply people are ready to spend money to play some better games, and people are earning money playing LoL, DOT-a, CS, and other games... So crypto is young, it's getting into gaming slowly, but we definitely need something big that will make a breakthrough and attract the masses to play it!

[X-ray]

The demand for play to earn was still very high but the only problem is the price of token has been making people feel disappointed with it. The price goes even lower from day to the another day. They can;'t keep earning nothing from spending so many hours just to play the game. The fact that if so many times developers have been trying to did their best to fix it but their fault that makes the token being inflated without any limit.
This makes so many grinders are only thinking to play and then dump to the token for their quick bucks. The economic model can't sustain for long term.

[zasad@]

Yes, but can "Gaming Industry" adopted to cryptocurrency?

As you know "Steam" are responding to avoided anykind of game who have "NFTs" + a long time ago they remove "BTC" from the payment process. IMO, the gaming industry developed still limited to crypto-currency circle.

We need to targeting non-crypto user, to gain more adoption. But, is not gonna easy because most regular gamer are not really want it.

https://www.theverge.com/2021/10/15/22729050/epic-game-store-open-to-blockchain-cryptocurrency-nft-games?
"Epic tells The Verge that it’s “open to games that support cryptocurrency or blockchain-based assets” on its game store, unlike its competitor Valve which has banned games that feature blockchain technology or NFTs from Steam. When we asked about allowing games that featured NFTs, Epic told us there’d be some limitations, but that it’s willing to work with “early developers” in the “new field.”"

Not all companies block games based on cryptocurrency or blockchain.
But the sad moment in games where there is a cryptocurrency is that players come there when there is an opportunity to earn money.

[CryptoYar]

Yes. There are two reasons behind this.

I've played axie Infinity and Thetan Arena both of these were very dull games, after playing I realized that these are not play-to-earn. but bore to earn games.

Second, their economic models are not sustainable. They always need new players so that they come and buy tokens/nfts from old players and start playing the game.

But I wonder what happens when a large number of people lose interest in the game and if new players also stop coming, then who'll buy their tokens earned by old players.

[TravelMug]

I guess they can be considered just as fad and hype, and so when there is none right now especially that we are in a bear market, it wouldn't attract that much.

And it seems that the market has been saturated as well, every corner, you will hear lots of games being developed to be P2E and it created less to 0 demand right now.

[Dave1]

Yes. There are two reasons behind this.

I've played axie Infinity and Thetan Arena both of these were very dull games, after playing I realized that these are not play-to-earn. but bore to earn games.

Second, their economic models are not sustainable. They always need new players so that they come and buy tokens/nfts from old players and start playing the game.

But I wonder what happens when a large number of people lose interest in the game and if new players also stop coming, then who'll buy their tokens earned by old players.

Yes, I agree with the economic model are not sustainable. Maybe it was not designed to be a boring game, but sooner or later players will have to look something that excites them and this games have none. Also, as you mentioned, there might be a time that no new players are going to come in the space, so no one will buy the tokens and the game might die a natural dead because of framework. Axie now is one example of this, it is slowly losing the grip already as players are moving to new games.

[Uang_kartal]

maybe friends, crypto makes transactions easier and anonymous which is good. I quite enjoy the game you mean. what games have you been playing so far? I hope games that are light to play will give good access, not just fighting games. a typical game with transactions in it. If possible, I would like to know what lay to earn games do you hold for superior?
but if it's from the crypto currency, I've never seen a company on the stretcher directly carry his name as a license. maybe it will happen