Surreal World of P2E Games
Did you know, about 3.25 billion people around the world play video games, and it is larger than the movie and music industry combined! That’s about the traditional gaming sector, and nowadays a new kind of gaming called Play to Earn games is on the rise. As the name says, you get paid when you play! Interesting isn’t it? We will now take a deeper look into what it offers.
The first commercial video game, Computer Space was released in 1971. It was a simple 2D game where you control a rocket ship that is in a dog fight with two alien ships. Even though it was the first of its kind, it never left the ground. The second game which was released a year later, Pong made the hype. That gaming industry has grown into something that we all see today.
Today, the global gaming industry is valued at $170 billion and is projected to grow 10% every year. Even though the sector was having unbelievable growth, the gamers were not incentivized on their journey. Yes, there is the thrill of gaming but the ones who reap the rewards are the companies running these games. The flow of cash is unidirectional in these types of games and only a small amount of players can monetize their time spent in the ecosystem through streaming or some tournaments. Even if someone manages to get into one of these tournaments, only a minority of them will be paid for their efforts.
The year 2020 was life-changing for many, some people lost their job, some people left their job to go full-time in play to earn games. Play to Earn games widely known as P2E games are the type of games where any participants can earn while spending their time and effort in the game. This enables gamers to earn from what they love to do. Users will be incentivized with in-house tokens which will derive their value from the game itself.
A participant can be either an investor, a player, or both. They can invest in the game tokens or earn them via playing. They can also invest in the in-game NFTs which are later used to play or upgrade. Unlike the traditional centralized games, in P2E games you have the ownership of the unique in-game characters and other assets. Here, the players would be part of an ecosystem where they can earn by playing games and also invest in growing and dividend-paying assets as well.
Several P2E games showcased an out of the roof kind of growth in the past year, and one among them is Axie Infinity. They were the first ones to implement working economics into the P2E system. And many projects surfaced when the P2E boom happened, most of these turned out to be cash grabs and several failed due to the weak economics employed in it. A Play to Earn game can only sustain if they have a proper roadmap, the right economics, and most importantly an experienced team, this is where Sagaverse Games excels.
Sagaverse is trying to build an ecosystem in the P2E sector enabling users to earn big with their time spent in the ecosystem. With multiple structured games and the effective underlying tokenomics, Sagaverse will be on par with its competitors. Sagaverse will open doors to both the investors and players who have missed opportunities in this run and take everyone to Valhalla.
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