Despite the macroeconomic backdrop and the ongoing bearish market, the play-to-earn (P2E) gaming ecosystem is growing by leaps and bounds. While it initially started with a handful of games featuring NFTs and in-game tokens, the P2E ecosystem, too, has evolved manifold with time.
Within a year, a wave of promising P2E games and P2E gaming ecosystems have emerged, most of which harness the power of second and third-generation blockchain technology to deliver even more benefits for end-users.
The rise of GameFi – the unique combination of gaming with finance – has unlocked new opportunities for game developers and players alike. At the same time, the ongoing evolution of NFTs, cross-chain and multi-chain solutions, and the increased collaboration with leading game development engines like Unity have taken the concept of P2E games to new heights.
That said, here are some P2E games and platforms that are continuously adding more value to the evolving ecosystem.
A Full-Fledged P2E Ecosystem
Singapore-based blockchain and multimedia group Digital Entertainment Asset (DEA) is on a mission to impact as many lives as possible with its P2E movement. DEA is focused on creating a new culture and market based on “fun,” allowing people to earn money while having an enjoyable experience.
To that extent, the DEA ecosystem consists of three core areas: the PlayMining Games platform, the PlayMining NFT marketplace on Binance Chain, and PlayMining Vault – all of it powered by the platform’s native currency DEAPCoin ($DEP).
PlayMining is the heart of the DEA ecosystem, serving as an economic marketplace where various play-to-earn games are hosted. Since its launch in 2018, the platform has evolved into a promising ecosystem for players who want to earn money while playing games. With more than 2 million registered users and NFT sales jumping past 2.6 billion Yen since the PlayMining NFT marketplace was introduced, DEA is currently witnessing rapid expansion of its user base, most of which is concentrated in the Asia-Pacific region.
DEA recently launched its first PlayMining Verse, featuring 10,000 “Land NFTs” designed by popular Manga artist Kamui Fujiwara. The PlayMining metaverse consists of several “Creator Nations” where users and creators can connect directly. By purchasing “Land NFTs,” fans will be able to become citizens under their favorite creator. The Land NFTs expressing the creators’ worldview can also be deployed as Profile-Picture NFTs (PFP NFTs). All-in-all, the concept of Creator Nations has unlocked new opportunities for creators to monetize their content.
Unlocking Fresh Features For Its Ever-Growing Community
Splinterlands, one of the most popular play-to-earn (P2E) games with more than 400,000 daily active users and an average of around 3 million transactions per day, is among the top 10 blockchain games in the market.
Built on the Hive blockchain, this game allows players to build collections of NFT cards with different stats and abilities. By competing with others, players can earn in-game rewards such as the native SPS token and NFTs. Unlike most existing P2E games, Splinterlands is unique in that it offers cross-chain compatibility with other chains, including WAX, Ethereum, and Tron.
The platform recently announced that it would soon switch over to decentralized validator nodes in a bid to make the game more inclusive and fair. To that extent, Splinterlands hosted its first validator node license sale last month to great success, selling out in a mere 11 minutes. The more staked SPS a validator has, the more blocks they are assigned, and the greater the rewards they will receive.
Splinterlands is introducing the Splintershards (SPS) governance system that will work on the DPoS consensus model to level the playing field. Using Splinterlands’ license system, all users will be able to earn rewards for running nodes without needing to stake any SPS votes. In short, this move aims to increase the decentralization, fairness, and security of the SPS token since it distributes native SPS tokens among more ‘validators’ or accounts.
Open Metaverse Sitting At The Frontlines Of User Adoption
By creating free-to-play, play-to-earn games within the metaverse, Decentral Games offers their players economic freedom through delegation of yield-bearing metaverse assets, self-custody, and incentivization.
According to a report, Decentral Games contribute nearly 60% of all traffic on Decentraland. Players can earn tokens by completing daily objectives and competing against one another on the daily leaderboard in ICE Poker, a free metaverse poker game available on the platform. In addition, the DG Treasury earns revenue from the game through secondary NFT sales royalties, NFT minting, activation, and upgrades.
The platform is backed by Binance, Polygon, Decentraland, GBV, Hashkey Group, and several other industry leaders. Decentral Games currently has more than 200,000 active monthly metaverse visitors, making it one of the biggest drivers of metaverse adoption. As a result, Decentral Games already sees major revenue figures, something that can’t be said for many of the other projects promising to make an impact.
Bringing The Sandbox Game Genre Onto The Blockchain
Next up on our list is Infinity Skies, a sandbox game where players can build castles on an island in the sky using NFTs as the essential building blocks. The gameplay revolves heavily around the platform’s four core elements: Build, Adventure, Socialize, and Trade.
Players need to build a castle or an island to collect votes to rank higher on the platform’s social leaderboard and earn NFT rewards in return. Infinity Skies features an ERC-20 in-game token called Skyblocks, which is the primary currency used across the Infinity Skies ecosystem. Players can swap Skyblocks for other major crypto assets via DEXs like Quickswap. These tokens can also be traded with other players for NFTs on the platform’s NFT marketplace.
What makes Infinity Skies unique is that most of the Skyblocks tokens are recycled within the community. 5% of each transaction is allocated for the “recycle” feature, which is then distributed across the Play-to-Earn Stash (3%), Claim Pool (1%), and the Development Team (1%). The funds deposited in the Play-to-Earn Stash are emptied each week by distributing them to active gamers playing the game. Additionally, depending on the player’s contributions to the Skyblocks supply, they can claim their share from the Claim Pool.