Trend Report: Yoda Labs and BGA Analysis

Trend Report: Yoda Labs and BGA Analysis

Play To Earn Games | 11 Apr 2024 08:56 UTC

Gaming Trend 2023: Yoda Labs and BGA Analysis.

Yoda Labs and BGA share their insights on blockchain gaming trends in 2023. Today we present you their take on 2023 and what we need to expect as a gamer this year in blockchain games. The Web3 industry continues to be powered by gaming, accounting for approximately 50% of all blockchain activity, despite the crypto market downturn in 2022. In 2022, Web3 gaming and metaverse projects attracted US$7.6 billion in investment, a 59% increase from 2021. Of the $7.6 billion invested in the blockchain gaming space, 33.5% went towards blockchain gaming infrastructure, 27.3% was invested in individual gaming projects or metaverse worlds, and 19.1% went to guilds and incubator programs.

Despite the crypto winter, the leading gaming and metaverse projects continued their development. Alpha or beta phases were launched for several prominent metaverse gaming dapps. Illuvium, The Sandbox, Big Time, Axie Infinity Homeland, The Fabled, Phantom Galaxies, Star Atlas, My Neighbor Alice, Treeverse, Mirandus, and many others.

According to the BGA 2022 Member Survey and Report, blockchain gaming industry professionals predict that gameplay enhancements will be the key driver of adoption in 2023. Web3 developers are focusing on making blockchain games more enjoyable and engaging.

Following gameplay improvements, the other two factors likely to drive the industry forward in the coming year are the entry of traditional gaming studios and existing gaming franchises into the Web3 space.

Exploring the Funding Trend in the Blockchain Gaming Industry

The BGA report indicates that funding was the most significant positive factor for the blockchain gaming industry in 2022. 21.3% of respondents agreed to it. Moreover, increased funding and incubation programs support can speed up the growth and development of projects. This will lead to rapid advancements in innovation in the Web3 gaming sector.

Major venture capitalists are investing in Web3 gaming, drawn by its growth, with the aim of capitalizing on the trend. Web3 gaming is emerging as a standalone industry, separate from the broader cryptocurrency market. It serves as a crucial entry point for institutions entering Web3, along with Web2 gaming studios. Examples include Square Enix's partnership with Oasys Blockchain, Epic Games' Blankos, and Mythical Games partnering with Ubisoft as a publisher.

Unpacking the Growth of the Blockchain Gaming Industry: An Analysis

WAX

In 2022, the WAX protocol remained the most widely used blockchain for web3 games, attracting an average of almost 350,000 daily users. Hive and BNB Chain followed with 235,000 and 167,000 daily users, respectively.

Polygon

In 2022, Polygon solidified its position as a blockchain for games. It attracted an average of 97,000 daily users, a 340% increase from the previous year. The growth was driven by game dapps such as Arc8 by GAMEE, Benji Bananas, Crazy Defense Heroes, and Pegaxy.

ImmutableX

ImmutableX saw a 250% increase in NFT trading volume, reaching $87 million, compared to the previous year. Gods Unchained ranked among the top 25 most traded collections across all blockchains.

Axie Infinity

The launch of Axie Infinity: Origins and the introduction of Lunacia in Axie Infinity Homeland fueled $325 million in NFT trading volume for Axie Infinity.

Yuga Labs' Otherside

After its launch on April 30, Yuga Labs' Otherside became the most actively traded virtual world project, overtaking Decentraland and The Sandbox. Otherside saw over $1 billion in trades.

Gala Games

Gala Games ended 2022 with a portfolio of 18 games, including two on Steam and one in the Epic Games Store.

Alien Worlds

In 2022, Alien Worlds was the most widely played dapp, averaging almost 200,000 daily users. It recorded 4.8 billion on-chain transactions that encompassed gameplay, trading, and DAO activity.

Splinterlands

Splinterlands, the Hive-based trading card game, was the second most popular game by wallet activity. It maintained a player base of 160,000 daily users during the latter half of the year. The game also reached significant roadmap milestones, such as the launch of node validator licenses and the release of Runi NFT and Land Deeds.

STEPN

STEPN initiated the "move-to-earn" concept with a gamified reward system for physical activities. Although STEPN's growth slowed in the 4th quarter, other dapps such as Genopets, Step App, Dotmoovs, and Dustland have followed suit.

Check out the list of top blockchain websites for expert reviews. These websites provide essential information on various aspects of the Web3 gaming industry. Including game reviews, tokenomics, events, crypto news, and more. By following these top play-to-earn game review websites, you can stay informed and make decisions on play and invest.

Play To Earn Games News

Welcome to PlayToEarnGames.com! Your ultimate destination for all things gaming. Here you will find game reviews, daily news updates, and an extensive list of the latest games. Our goal is to keep you informed and entertained. If you have a game or exciting news that you would like to share, we encourage you to reach out to us. Stay tuned for daily updates and be sure to check back often for new additions to our growing list of games. Let's play and earn together!

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Shrapnel - FPS Blockchain - Game Review

Shrapnel - FPS Blockchain - Game Review

Get ready to dive into a post-apocalyptic world filled with action, creativity, and true ownership. Shrapnel, a AAA first-person shooter, is here to redefine your gaming experience. Let's unpack what makes Shrapnel stand out and why it's not just another game – it's a gaming revolution. Shrapnel: More Than Just a Game, A Brave New World! Picture this: a world after the end of the world. That's the backdrop for Shrapnel, where survival is not just a game objective, but a way of life. Players navigate dangerous environments, confront hostile groups and creatures, and scavenge for supplies to stay alive. It's a world where chaos reigns, and only the strongest will thrive. Full Control, Full Fun: Shrapnel hands over the reins to players, allowing them to fully control the items they use in the game. This level of customization extends beyond character appearance; it delves into the very fabric of the game world. The building system empowers players to design and customize landscapes and buildings, making them integral to the evolving narrative. It's like Roblox for adults, but with a post-apocalyptic twist. In Shrapnel, my virtual creations became extensions of my identity in the game. From makeshift shelters to elaborate fortresses, each structure told a story of survival. The sense of ownership made every victory and defeat more personal, creating a gaming experience like no other. Unraveling the Shrapnel Story, A World to Explore. Shrapnel's immersive world is a treasure trove of hidden locations and secrets waiting to be uncovered. The storyline unfolds as players navigate through the game, with every choice influencing the direction of their journey. It's not just a linear experience; it's a dynamic narrative shaped by the decisions players make. Choices That Matter: In a gaming landscape often dominated by predetermined paths, Shrapnel stands out by prioritizing player choice. The decisions you make impact not only your gameplay but also the unfolding story. It's a refreshing departure from the cookie-cutter narratives, giving players agency in shaping their destinies within the game. Personal Anecdote: I found myself at a crossroads in Shrapnel, torn between two decisions that could alter the course of my in-game existence. The realization that my choices mattered added a layer of excitement and unpredictability that kept me hooked. The Heart of Shrapnel: Gameplay Endless Possibilities Shrapnel's gameplay is a melting pot of possibilities. From solo adventures to cooperative missions and competitive multiplayer modes, there's something for every type of gamer. The game's advanced physics and destructible environments add an extra layer of realism, immersing players in a world where actions have consequences. Own Your Arsenal What sets Shrapnel apart is the true ownership players have over their gear and weapons. Trade, sell, or rent them out – the choice is yours. This player-driven economy adds a dynamic element to the game, turning every transaction into a strategic move. Personal Anecdote: I vividly remember the first time I traded a rare weapon in Shrapnel. The thrill of negotiating with another player and the satisfaction of a successful deal added a whole new dimension to the gaming experience. It wasn't just about defeating enemies; it was about navigating the complex web of player interactions. Shrapnel's Virtual Economy Earning in the Apocalypse Shrapnel introduces a unique in-game currency – the Shrapnel Coin ($SHRAP). Players can earn $SHRAP by completing missions, challenges, and engaging in trade with fellow survivors. The game doesn't just stop at virtual rewards; it extends into the real world through a play-to-earn system. Real-World Rewards Participate in events and tournaments, and you could find yourself earning cryptocurrency and other tangible prizes. Shrapnel blurs the lines between the virtual and real, offering a gaming experience that goes beyond the confines of the screen. Personal Anecdote: The first time I received real-world rewards for my in-game achievements, I was floored. Shrapnel had transformed gaming into a more meaningful pursuit, where my skills translated into tangible benefits outside the digital realm. Final Thoughts: Shrapnel's Promise In the ever-evolving landscape of gaming, Shrapnel emerges as a pioneer, blending innovation with a player-centric approach. It's not just a game; it's a community, an economy, and an immersive journey into the unknown. Whether you're a solo adventurer, a clan warfare enthusiast, or a creative builder, Shrapnel offers something for everyone. So, fellow gamers, gear up, dive into the chaos, and redefine your gaming experience with Shrapnel – where every choice, every shot, and every creation matters. Welcome to the future of gaming!

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Meda Wars - Game Review

Meda Wars - Game Review

Meda Wars is the highly anticipated sequel to the popular Meda Shooter game, developed by the same team that brought you the original. This turn-based action-adventure game combines elements of strategy and fun to create a unique gaming experience. Whether you're a fan of the original Meda Shooter or new to the series, Meda Wars has something to offer for players of all skill levels. So why wait? Start playing and strategizing today with Meda Wars! Meda Wars picks up where the story of Meda Shooter left off, diving deeper into the ongoing conflict between the two factions of CryptoMeda. This NFT game, which uses the Polygon Network for its blockchain functions, allows players to explore the complex world and story of Meda Wars in a way that is both engaging and interactive. Whether you're a fan of the original game or new to the series, Meda Wars offers a rich and immersive gaming experience that will keep you coming back for more. Meda Wars Storyline: In the world of Meda Wars, two factions – the Goliaths and the Renegades – are locked in a fierce struggle for power and resources. The Goliaths are a communist group that believes in equally sharing loot and wealth among all members. They adhere to strict rules and regulations in order to maintain unity and prevent greed from tearing them apart. Gameplay: Just like Meda Shooter, the players can choose from two different factions – the Goliaths and the Renegades. Once a side is chosen, the players can participate in the war to attack and conquer new lands and areas. After winning a battle the players will be able to get some MedaGas which is necessary for the utility transactions of the game. MedaGas can also be bought with TECH tokens and it is used only in the game. Using MedaGas, players can participate in the PvE battles to win more MedaGas and TECH tokens, the latter of which is tradeable on crypto exchanges. Finally, each player will require two weapons to participate in the battle depending on the traits and abilities of the players. Tokenomics: TECH is the in-game token same as the Meda Shooter game, giving the coin more stability and value in the market. MedaGas is a utility token of the game while TECH is the governance token.

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Tearing Spaces - Game Review

Tearing Spaces - Game Review

"Tearing Spaces" is an animated 3v3 MOBA game that combines both PvE (Player vs. Environment) and PvP (Player vs. Player) interactions in an anime-themed world. Players engage in fast-paced battles against both AI-controlled mobs and other players, while also encountering epic boss fights and strategic confrontations with opponents. Developed by Sino Global Games, a subsidiary of Sino Global Capital, "Tearing Spaces" offers a diverse and inclusive gaming experience at no cost. The game features six unique anime-styled characters, six powerful boss enemies, a variety of unlockable maps, and a selection of standard and NFT (Non-Fungible Token) weapons, each with distinct skill animations. Set in the fantastical realm of Atus, the game transports players into procedurally generated dungeons where they compete in 3v3 battles against teams from around the world. The captivating art style of the game immerses players in its captivating universe. The backstory of "Tearing Spaces" revolves around ancient deities with cosmic power who were plagued by human-like weaknesses, leading to the emergence of a powerful goddess. This goddess was sealed away, and her essence became the foundation of the world of Atus, giving rise to Magic Crystals and Magic Essence, sources of life. The game's narrative involves battling monsters to restore the goddess's energy and harnessing Crystal Ores to forge powerful weapons. In terms of gameplay, players select a hero and a weapon, each with unique abilities that shape combat. The game progresses through stages involving defeating monsters and culminating in boss battles. The team that conquers the boss emerges victorious, and portals introduce strategic elements by enabling surprise attacks. There are six distinct heroes to choose from, each with their own traits and abilities, as well as a range of weapon choices for various strategies. The in-game economy introduces utility tokens ($TSC for earnings and transactions, and $TSG for governance) which can be earned through various in-game activities. The tokens contribute to the game's ecosystem and provide players with opportunities for engagement beyond the battles themselves. Overall, "Tearing Spaces" offers a dynamic and visually appealing gaming experience that blends PvE and PvP gameplay elements in an anime-inspired world, making it a unique addition to the MOBA genre.

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Kawaii Islands: Paradise Adventure - Play-to-Earn Fantasy Simulation - Game Review

Kawaii Islands: Paradise Adventure - Play-to-Earn Fantasy Simulation - Game Review

Kawaii Island, a play-to-earn, provides you with a fantasy universe, in which you can build, craft, farm, socialize, and more. Kawaii Islands is a game that takes inspiration from the beauty and diverse landscapes of the Garden Island or Garden Isle, which is also known as Kauai, one of the Hawaiian Islands. Players can explore different parts of the island within the game, including the Na Pali Coast, Waimea Canyon, and Kalalau Trail, all of which are popular tourist destinations in real life. The game offers a virtual experience of the hiking trails and natural wonders that Kauai has to offer, allowing players to immerse themselves in the scenic beauty of the island. Players can also visit small towns and state parks, as well as explore the different sides of the island, including the west side, north shore, south shore, and south side. Wailua Falls and Wailua River are also part of the virtual world in Kawaii Islands. The game's play-to-earn model allows players to earn NFTs while enjoying the island's sights and attractions, making the virtual exploration of Kauai an enjoyable and rewarding experience. You can earn NFTs with real-life value and can easily exchange them for fiat currency. Each player will need one Binance Smart Chain account to link their MetaMask Wallet to the gameplay with NFTs. In the future, Kawaii Islands will expand and support other Wallets. To access the mobile versions, you'll need to create an email account with a password to store your progress. For transactions they have the aiRight Exclusive Marketplace, Kawaii Islands allows users to sell all important game products as NFTs. All members of the Kawaii Islands have the ability to start their own business and trade or farm NFTs. As you use your wallet address to log in to Kawaii Islands, all purchased things from the Marketplace will automatically appear in your in-game Silo and Storage, and vice versa. Our gamers will benefit from smooth transactions and easy stock control. Winners of airdrops can also claim their prizes on the aiRight Marketplace, which will be sent directly to their wallets.

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Skyweaver - NFT Game Review

Skyweaver - NFT Game Review

Skyweaver is a blockchain-based online trading card game. The cards are non-transferable tokens (NFTs). It’s time to resurrect your childhood memories with this classic yet completely new card game. Skyweaver is a digital TCG experience, where you get to earn while you play! In turn-based combat, players utilize the cards to battle other players. Because it's a singleton game (meaning the cards are unique), you won't need to collect multiples of them like you would in the Pokémon Trading Card Game. Horizon Blockchain Games, the company behind Skyweaver, has raised over $3.75 million in funding headed by Reddit co-founder Alexis Ohanian. Horizon has taken its time with this game, with development beginning in 2019. The game was slowly launched, beginning with a private beta in 2021. The Open Beta began in February 2022, and anyone can participate. According to their press release, there have been over 2.2 million matches since the open launch. The game is 100% free to play, and leveling up unlocks 500+ base cards. There were no card pre-sales, so consumers could just go ahead and buy everything. There are three grade types and numerous features, the cards are distinctive, making gameplay dynamic and exciting. Moreover, it's not an auto battler!

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WaveLings - Game Review

WaveLings - Game Review

"WaveLings" is a unique game that introduces artificial intelligence (AI) companions to non-fungible token (NFT) characters in order to enhance the gameplay experience. These AI companions assist the player's NFT characters in various ways, such as providing support in battles or offering special abilities. The use of AI companions is a novel idea that is likely to add an interesting dynamic to the game's mechanics. "WaveLings" is a massively multiplayer online (MMO) game that is built on the Enjin blockchain ecosystem. The game features a fully realized virtual world for players to explore and complete tasks and quests in order to earn points, ranking, and cryptocurrency. "WaveLings" was developed by Axana Games, a studio specializing in creating engaging and immersive gaming experiences. The game's use of blockchain technology and focus on completing tasks and quests to earn rewards is likely to appeal to many players. WaveLings Gameplay: In "WaveLings," players are immersed in a futuristic, fictional world where blockchain technology has brought about a utopian society. The game allows players to buy or earn parcels of land that can be used for farming new resources and making investments. These land parcels are tradeable tokens that can be exchanged or sold on the EnjinX marketplace and other marketplaces. Players can also use their land parcels to advertise real-life products and create non-fungible tokens (NFTs) out of them. The game's dynamics involve players joining giant corporations that determine their friends and foes, adding an element of social interaction and competition to the gameplay experience. "WaveLings" has partnered with the Enjin platform and uses the ERC-1155 token on blockchain technology. Enjin's Efinity sidechain, which operates on Ethereum, provides the security and protection needed for games like "WaveLings." Efinity is not a blockchain, but rather a sidechain that is connected to the main Ethereum blockchain. This connection allows Efinity to offer many of the same benefits as the Ethereum blockchain, such as security and decentralization, while also providing additional scalability and performance advantages. Overall, the use of the ERC-1155 token and the Efinity sidechain helps to ensure that "WaveLings" is a secure and stable platform for players to enjoy.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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