Blockchain Gaming Industry Trends

Blockchain Gaming Industry Trends

Play To Earn Games | 09 Mar 2024 10:08 UTC

In today’s blockchain gaming news, we bring you a year-end analysis of the funding trends. Additionally, we will also look up the current state of guilds and scholarships in the play-to-earn games. Previously, in the year-end series, we did a piece of in-depth news on the performance of blockchain and Web 3.0 gaming space. We covered blockchain gaming’s status in terms of going mainstream and achieving mass adoption. Moreover, in the second part of the series, we analyzed the "play to earn" model’s failure and the speculation element attached to it. And if the industry leaders learned anything from previous phases and the flawed model? You can check out our previous two articles by clicking part 1, and part 2.

According to the report on blockchain gaming, the guild scholarships and funding landscape have undergone crucial changes. The changes are apparent when the peak bullish trend is compared with the steep bearish trend.

Web 3.0 gaming saw exponential and explosive growth in 2021, in terms of growth in capital. The investment inflow peaked at over $1 billion in 2021. The blockchain projects working on constructing infrastructure and building platform layers were the ones reaping the benefits. Besides, the game developer studios also received funding, albeit a smaller portion. Game developers fall into two distinct categories: small budget, big dreams, and AAA. In the last quarter of 2021, the deal value and the total number of deals were both at highs, riding the bullish trend.

Q3 2022 shows a decline

The bullish trend continued in the first quarter of 2022, but it was short-lived. After slowly going down, the total value of all deals in Q3 2022 dropped by 19%, from $1.1 billion to $875 million. On the contrary, the total number of transactions increased by 2.6 times year over year. As for the seed round, 2021 did better with $12 million when compared to $7 million in 2022. Moreover, the report also shares that some 2021 seed round companies made it to Series A and some to Series B and B+. In terms of the biggest deals in 2022, Limit Breaks’ $200 million topped the industry, while Animoca Brands’ $110 million trailed in second.

Blockchain Gaming Industry Funding Trends and Guilds' Status in 2022
Blockchain gaming trends

Still, the market for blockchain gaming deals is getting better, and game studios are getting more investors and money. The funds are going toward those blockchain gaming developers that are working on introducing more fun and engaging content. The report also says that the bear market will eventually end and that business will return to normal in 2023.

Guilds, Scholarships, and Current Standing in 2022

The third quarter of 2022 saw guilds as the only sector that didn’t get any considerable funding. Guild companies were hurt a lot by the failure of the "play to earn" model of gaming. The majority of the guilds were made during the speculative bullish trend. Also, they only cared about Axie Infinity so that people could get scholarships to play the game and make money. In the last two years, Guilds have raised more than $200 million from well-known investors like Andreessen Horowitz. Guilds bore the brunt of the fall of Axie Infinity and the "play to earn" gaming model. 

Yield Guild Gaming is one of the leading guilds in blockchain gaming. It is also one of those that have reported severe revenue declines. It is running its economic system with the help of the community of game scholars and game yields. YGG is still around, but it's hard for smaller guilds with 10–100 players to stay alive. Worryingly, 97% of the guild industry is made up of small guilds, while only 1% is made up of large guilds.

What can Guilds Do to Survive?

Guilds like YGG and Merit Circle have still got a better shot at turning the guild and scholarship model into a long-term, sustainable business. Take, for example, YGG, which is transitioning into an esports organization. Guild institutions can also grow their businesses by working on new NFT marketplaces or putting in place ways to track NFTs across multiple games using ID layering. Moreover, guilds can also utilize human capital by offering beta-testing services to game studios. New venues for income generation are aplenty, and guilds can offer these value-added services to open new revenue streams.

Stay with us for the last part of the series where we discuss the blockchain gaming industry's performance in 2022 and more. You can also head out to our website and YouTube channel to learn more about Web 3.0 games. Check out our review on Illuvium Overworld beta.

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Mecha World - Post-Apocalyptic NFT Adventure on WAX Blockchain - Game Review

Mecha World - Post-Apocalyptic NFT Adventure on WAX Blockchain - Game Review

Mecha World is a post-apocalyptic game set in a world where players must scavenge, quest, and build their own mecha animals in order to survive and thrive. These mecha animals, or mechanized creatures, are created using NFTs on the WAX blockchain, giving players the ability to truly own and customize their own unique mecha animals. In addition to building and customizing their mecha animals, players can also engage in battles with other players' mecha animals, testing the strength and capabilities of their creations. The game's post-apocalyptic setting adds an extra layer of excitement and danger, as players must navigate through a world filled with danger and uncertainty in order to survive. Dice battles are a simple but strategic way to test your Mecha's strength against other players' Mechas. Players will roll a virtual dice to determine their attack, and the higher number wins the round. Players can also earn rewards for participating in these battles, such as new Parts for their Mechas or in-game currency. In addition to the dice battles, Mecha World will also introduce additional PvP modes, such as 1v1 and team battles, allowing players to test their strategic skills and Mechas against others in more complex and dynamic combat situations. Players can also embark on quests with their Mechas, discovering new locations and battling enemies to earn rewards and experience points. As their Mechas level up, they can unlock new abilities and become even more powerful. Overall, Mecha World is a unique and exciting NFT game that combines the fun of building and customizing your own Mecha with the thrill of battle and questing in a post-apocalyptic world.

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Blockstars - NFT Game Review

Blockstars - NFT Game Review

"Blockstars" is a blockchain game created by veteran gamers and developers Niko Vuori, Cory Johnson, and Sherrie Chen. It is specifically designed for music lovers and offers players a unique gameplay experience that combines elements of music and gaming. "Blockstars" is a unique simulation game that allows players to live out their dream of becoming a music manager. Players can buy non-fungible token (NFT) singers and manage their careers, earning rewards in the process. The game's concept of allowing players to take on the role of a music manager and make decisions that impact the careers of virtual artists is likely to be enjoyable and engaging for many players. "Blockstars" gives players and the community true ownership of assets, including virtual artists represented as non-fungible tokens (NFTs). The game's collection series includes a total of 10,000 Blockstars, with 110 belonging to the Origin Series and 9890 belonging to the Foundation Series. Of these, 110 Origin Series Blockstars and 40 Foundation Series Blockstars cannot be purchased and will be given to veteran members of the game's community. However, players can buy any remaining Blockstars from the collection through the Magic Eden marketplace. This system of rewards for veteran members and opportunities for players to purchase NFTs helps to create a dynamic and engaging gameplay experience for players. Blockstars Gameplay; The basic purpose of the game is to raise NFT singing bands and help make their careers with a fair share of the profit. The bands will write their music, record the songs, release them, and try to achieve a place on the Billboard rankings. In order to earn some extra cash, you can take part in gigs and small shows. Eventually, when you have enough required cash, you can upgrade your Record Label which in turn will start a new phase of the game – training and making a new generation of singers. The game follows the passage of time according to the real world with a 24-hour time span, which makes the development of the Blockstar singers more in sync with reality. You will earn profits in the form of $ROL tokens which is the governance token of the game. The price of the Blockstars will depend on the rarity of the NFT. The rarity in the Block stars is not just on cosmetic experience but also the skills of the NFT that will actually influence the gameplay. The project hopes to create a player-to-player economy that is also fun to play. So come on and join the glitz and glam of the music industry!

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Deadrop: Free To Play NFT Shooter - Game Review

Deadrop: Free To Play NFT Shooter - Game Review

"Deaddrop" is a newly released free-to-play AAA vertical extraction shooter (VES) that incorporates non-fungible tokens (NFTs) to elevate the online multiplayer gaming experience. Developed by Midnight Society, a game studio founded by the well-known YouTuber and content creator Dr. Disrespect (Herschel "Guy" Beahm IV), the game has garnered rapid popularity due to its unique take on the battle royale genre. Released on July 30, 2022, "Deaddrop" offers fast-paced, competitive gameplay reminiscent of titles like Call of Duty, making it suitable for players of all skill levels. One notable addition to Midnight Society's offerings is the "Founders Pass," which includes unique NFTs that grant access to special in-game content. These NFTs serve as a token of appreciation from game developers to loyal players, providing them with a sense of ownership within the game. The gameplay in "Deaddrop" not only delivers excitement but also boasts impressive graphics and intense gameplay mechanics. Its distinct vertical extraction shooter concept sets it apart from conventional battle royale games, offering players a fresh and thrilling gaming experience. The game's storyline is set in a future world ravaged by climate wars, where city-states have emerged as dominant governing entities. These city-states rely on towering Refiner States to extract toxins from the atmosphere, and they sustain themselves by trading a valuable substance known as "Space Dust." Gangs and factions battle for control of these Refiner States, each vying for authority over the resources and tools within these towering structures. Players have the option to align with either the Skins and Syns or the Cleaners in this power struggle, adding depth to the game's narrative. Moreover, "Deaddrop" introduces NFTs and Trading Access Passes, offering early adopters and dedicated community members exclusive access to these limited NFT passes. The NFT technology is designed to be user-friendly, with affordable base prices. Owning an access pass grants players Variant-only benefits, elevating their status within the Midnight Society community and across the studio's games. Additionally, access pass holders can choose to trade or sell their passes in open NFT marketplaces after a 30-day holding period. In summary, "Deaddrop" is an innovative addition to the gaming world, blending competitive gameplay with NFTs to provide a unique and engaging experience. Created by Dr. Disrespect Beahm and the talented Midnight Society team, the game has garnered positive feedback from the gaming community. Whether you are a seasoned gamer or new to the world of NFTs, "Deaddrop" promises something for everyone, with its high-quality gameplay and multiplayer features making it a must-try for fans of action-packed, competitive games.

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Thalon - Game Review

Thalon - Game Review

Thalon is a science-fiction RTS game that is free to play and gives players a unique way to play. Thalon wants to give players a fair and competitive place to play by using new ways to find matches and bringing back old ideas like groups. Power points and seasons are used in the game to divide players into active segments and grade their strength and team makeup in a fair way. One of the most interesting things about the game is how many assets it has. For example, any unit on the battlefield can be turned into an NFT and/or use skins signed on the Immutable blockchain. The developers are dedicated to making Thalon's non-fungible tokens work with other play-and-earn games.

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Planet IX - Game Review

Planet IX - Game Review

Planet IX is a Polygon NFT strategy game where you can use IXT tokens and other unique digital assets to play to earn money. Planet IX is a unique online cryptocurrency game based on the idea of Non-Fungible Tokens (NFTs). These one-of-a-kind digital assets are useful tools in the game that give players a lot of ways to move forward. To move forward in the game, players can burn or breed NFTs to unlock deeper levels. Planet IX is different from most games because it doesn't have a linear storyline. Instead, it has an ecosystem that changes over time and lets players go on many different kinds of journeys. It connects the virtual world to the real world and lets players claim, buy, and sell environments. The game encourages creativity and strategic thinking by letting each player create their own worlds to explore and master. In the year 2089, the effects of climate change are so bad that Earth is no longer livable. This has led to chaos and war among people. In the middle of all this chaos, Ame Valdis leads a radical group called the Agents of Change (A.O.C.). They want to tear society apart and start over. They think that the only way to start over is to get rid of all history, art, and digital records of people. A.M.E., an AI from the future, goes on a trip through time and space after destroying their plan and leaving Earth. In the year 2539, A.M.E. finds a good planet, which brings the Agents back to their original home. After having their memories wiped, the Agents went on a mission to fix up "Planet IX" and make it habitable again. They had no idea that they were connected to Earth in the past. They need to gather resources and clear the land so that they can build and change the planet in the future.

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Meda Shooter - Game Review

Meda Shooter - Game Review

Meda Shooter is a collection of minigames that offer players the chance to earn non-fungible tokens (NFTs) as rewards. These games are designed to be fast-paced and exciting, and offer a unique twist on traditional blockchain games. The Meda Shooter minigame is developed by Cryptomeda Universe, a company known for constantly introducing new features and updates to their games. In Meda Shooter, players engage in an endless side-scrolling shooting battle between two opposing groups, with simple 2D graphics and an immersive storyline. The game is sure to keep players entertained with its endless gameplay and regular updates from the development team. Meda Shooter Gameplay: In the world of Meda Shooter, players choose to fight for either the Goliath or the Renegade side in a divided society. The game is free to play and open to everyone, allowing players to participate in battles and tournaments. The gameplay is simple and involves moving your hero up and down to avoid enemy attacks while shooting at enemies. Defeating Swarm enemies may sometimes release tokens that players must collect. These tokens, called TECH, can be staked and farmed to enhance abilities and unlock other perks. As players defeat more enemies, their score increases, but missing an enemy will reduce the score. The score determines the power of the hero, which can be used to upgrade the value of the NFT hero. Before entering a battle in Meda Shooter, players have the option to upgrade their NFT heroes by purchasing various equipment, weapons, armor, and other accessories. The game now offers NFT weapons upgrades, meaning that players can collect and upgrade their weapons as NFTs. The Goliath and Renegade groups each have their own unique abilities, with the Goliaths featuring the Chain Gun ability and the Renegades featuring the Deep Wound ability. Both sides can use the Snap ability, but it requires revolution cards. In-game tokens called TECH can be used to upgrade NFT heroes, buy weapons, accessories, armor, and more. Cryptomeda is partnering with other gaming companies to bring cross-game dynamics to the Cryptomeda universe. The ultimate goal of Cryptomeda is to make NFT gaming enjoyable, accessible, and straightforward for all players.

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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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