Blockchain-based play-to-earn (P2E) gaming had a big year in 2021 and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those investing in it will need to consider what the next steps are. During bull markets, speculation and euphoria can lead to unrealistic valuations and expectations and this appears to have affected the P2E sector as well.
Now that the hype is “over”, investors and developers will need to identify new value propositions that will catalyze continued growth and investment in the blockchain gaming sector.
Here’s a closer look at some of the trends that could emerge in the P2E ecosystem in 2022.
Profit sharing communities
The first trend to watch out for in 2022 are projects looking to harness the interest in NFTs to create engagement models. increase in profits and capitalize on the appreciation of NFT prices.
These projects aim to offer opportunities for players and investors by providing a platform where investors who are not interested in playing games can invest and provide NFTs to players who would not otherwise be able to afford them.
From there, players get rewards for their game, while investors get a share of the profits.
An example of this type of protocol is Yield Guild Games (YGG), a P2E and DAO gaming guild focused on creating a community that allows gamers to earn through blockchain-based economies.
The DAO generates revenue through the sale of NFT assets or by renting them to players as part of a profit-sharing model known as scholarship.
There are currently m ore players wanting #playtoearn scholarships than there are game assets to meet the demand
Together with our newest Sponsor-A-Scholar partner @coinbase, YGG will be able to onboard more new players worldwide pic.twitter.com/WXI8yniqt7
— Yield Guild Games (@YieldGuild) January 11, 2022
There are currently more players wanting #playtoearn scholarships than there are in-game assets to satisfy demand.
Together with our new partner Sponsor-A-Scholar @coinbase, YGG will be able to onboard more new players around the world.
Some of the current games and investments YGG is involved in include Axie Infinity, Illuvium, Guild of Guardians, Star Atlas, Splinterlands and The Sandbox.
The most recent investment for the YGG community was an investment of USD 50.00 0 in the initial round of Heroes of Mavia and a purchase of USD 330,000 of in-game NFT land assets.
Communities with educational support
Another trend emerging from the gaming and NFT sectors is communities that focus on educating community members as a way to offer the opportunity to earn money through gaming .
Blockchain-based games can be challenging for newcomers to learn and some games have upfront costs that prevent some players from being able to play.
To help simplify the process, some protocols have emerged that invest in providing learning to players. Merit Circle is a DAO project focused on developing its P2E economy by helping gamers turn their hobby into a steady stream of income.
The Merit Circle DAO is maximizing value and accrue it to all the participants.
The main activities can be separated into ⬇️
(pre)seed investments into ‘GameFi’Scholarship programTreasury management
Developing products in-house
All adding value to $MC pic.twitter.com/0bHAhbniKH
— Merit Circle (@MeritCircle_IO) January 11, 2022
The Merit Circle DAO maximizes value and accumulates it for all participants.
The main activities can be separated into ⬇️
(pre)initial investments in ‘GameFi’
Scholarship program
Administration of the treasuryDeveloping products internally
All adding value to $MC
At the time of writing this article , The Merit Circle community has 2,750 active players from regions around the world, including Asia, Africa, Europe, and South America, who earn daily rewards by playing one of the supported games.
Like YGG, Merit Circle also invests in community assets that players can use to earn rewards with 30% of all revenue reinvested in the DAO or distributed to players. token holders.
The project uses educational content and 1:1 training sessions to help improve the performance of academics on the platform. These players have earned over $2 million through gaming to date.
DeFi is combined with NFT and P2E gamingA third trend taking shape in 2022 is the development of investment projects and funds that aim to combine aspects of DeFi, NFT and P2E gaming.
While the gaming sector only appeals to a multitude of niches, NFTs have a wide range of capabilities that can be applied to many fields, from art to real estate, by providing immutable proof of ownership.
As blockchain technology continues its path to mass adoption, an increasing number of real-world items will be digitally recorded in distributed ledgers. Ultimately, provide stakeholders with an easier route to investment than currently exists.
It also allows for the
Possibility of fractional ownership
of certain high priced items, such as a hotel or the copyright to a popular movie or a music album..
@Nas May Be Offering Fractional Ownership Of His Music — But For Him, ‘This Isn’t Really For The Money’ https://t .co/34A2yhX6MP pic.twitter.com /yWWAqOlwLd
— AfroTech (@AfroTech) January 11, 2022
.@Nas may be offering fractional ownership of his music, but for him, ‘this isn’t really about the money’
.
@Nas May Be Offering Fractional Ownership Of His Music — But For Him, ‘This Isn’t Really For The Money’ https://t .co/34A2yhX6MP pic.twitter.com /yWWAqOlwLd
— AfroTech (@AfroTech) January 11, 2022
.@Nas may be offering fractional ownership of his music, but for him, ‘this isn’t really about the money’
BlackPool (BPT) is one of those projects that e is currently led by a team of portfolio managers, traders and analysts with the long-term goal of becoming “a leading provider of financial derivatives in the digital asset markets, including asset valuation indices, insurance mechanisms and actively managed strategies”.
Ultimately, the project seeks to provide democratized access to scarce NFT assets “that individual users would not be able to buy for themselves “.
Through the development of its DAO structure, BlackPool is now in the process of decentralizing its current operation to allow all NFT assets held by the fund to be managed by its community of token holders.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should do your own research when making a decision.
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