Unleashing the Power and Pitfalls of Play-to-Earn Games: How DAPPX is Taking it as an Advantage

Play-to-Earn (P2E) games are a breed of blockchain games that reward users for their time spent playing. These games enable players to play to earn crypto and other blockchain-based in-game assets through their gameplay. This new breed of gaming has the potential to revolutionize the way people interact with blockchain technology until further its mass adoption. In this article, we will explore the concept of P2E games, their benefits, pitfalls, and how DAPPX utilized all these factors to revolutionize the existing P2E games.

TLDR

• Play-to-Earn (P2E): This new breed of gaming has challenged traditional games while opening up layers of benefits and opportunities.
• But its successful features have been its downfall, as there has been a disregard for playing for fun over earning money.
• DAPPX the Steam of blockchain-based games, has developed some strategies to alleviate some factors that impede the successful mainstreaming of P2E on the market.
• DAPPX makes it possible for independent developers with good gameplay but who are unfamiliar with Solidity programming or blockchain to tokenize their projects and publish them on DAPPX.
• DAPPX is revolutionizing the growth of P2E games as gateway for mass blockchain adoption. This is through innovative and sustainable means for developers, players , and even non-players alike to earn from the platform and provide an added value without sacrificing the quality of the gameplay.

What is a play-to-earn type of game?

Play-to-earn gaming is a type of blockchain game that allows players to earn cryptocurrency or tokens by playing the game hence also known as crypto game. Top play to earn games in the market and their tokens can be viewed from here. Players can use these crypto rewards to purchase in-game items, or even cash out their earnings. These games are powered by blockchain technology, which enables them to gain secure, immutable rewards.

The concept of P2E games has been around for a while. But among those that became the public’s popular play-to-earn game most especially in developing countries is the Axie Infinity. The game revolves around winning battles against the opponent by purchasing or breeding their characters through an in-game digital asset called Smooth Love Potion (SLP). Believe it or not, the Axie game enables players to purchase a real house and other real-world assets in the Philippines.

Another type of P2E game is sports betting. Global sports-betting market is expected to grow by almost 12% annually, reaching a total value of $178 billion by 2030. Lucky Block platform is probably the most popular game in this genre where its was pre-sold and opened for trading on January 26th, 2022. Lucky Block is one of the most talked-about cryptocurrencies in 2022 due to the platform’s distinctive use case and significant growth potential for investors.

In addition to sports betting are the virtual real estate P2E games like the Sandbox and Decentraland where the game enables players to purchase virtual land and earn tokens from it by selling them at a higher price.

And who wouldn’t enjoy a role-playing game or RPG that does not only allow you to win battles and earn tokens but as you start playing these games you take on the roles of characters in a made-up world?

These are just of the play-to-earn games that are built on various platforms such as Ethereum, Tron, and EOS, and are powered by blockchain technology. In-game purchases and earning in-game currency are some of the factors that draw players to play these games.

Without any doubt, this new breed of gaming has challenged traditional games and has opened up layers of benefits and opportunities.

Benefits of Play-to-Earn games

While most games attract players because they are free online games or because they can earn rewards such as skill tokens when they buy the game, there are several benefits that come with playing a P2E game over a traditional online game. And yes crypto games are legit.

Firstly, P2E offers players the opportunity to earn digital assets such as the in-game currency or the game’s native token to be converted into real money. As such players can monetize their time spent playing while they earn money from a crypto game.

Secondly, these P2E also offer players the chance to make use of and earn from their NFTs. NFTs are unique digital assets that are stored on the blockchain and can be traded, sold, or used as collateral. This makes them well-suited to the use in P2E games, as players can use them to represent in-game items, characters, or other assets.

Finally, P2E games also provide a level of transparency that is not present in traditional gaming. As the games are powered by blockchain technology, all actions taken in the game are immutable and can be tracked on the blockchain. This allows for greater transparency and fairness for players, as all actions taken by players are recorded and cannot be changed or tampered with.

Challenges Faced by Play-to-Earn Games

Although P2E games offer many benefits, they also come with some challenges. According to Statistica.com (2021), there are only an average of 50,000 Web 3.0 virtual world users; and 2.3 million blockchain gaming players.

Blockchain-based virtual world games such as Sandbox and Decentraland, for instance, has only 2 million and 8.5 million registered users as of 2021, respectively. Sandbox, where players earn SAND tokens, has only 30,000 monthly active users with only half of them spending more than 1 hour per day. Decentraland, on the other hand, has only 300,000 monthly active users and 2,500 peak user concurrency as of 2021.

Compared that virtual real estate metaverse data to traditional gaming industry such as Ubisoft with 35 million monthly average users in 2021; PlayStation with 111 million monthly average users; Roblox with 49.5 million daily average users; and Steam with 120 million average users in 2020 with 24.8 million peak concurrent users.

Just by looking at the data above, we can conclude that unlike traditional gaming P2E blockchain games are having difficulty getting into the mainstream market. There could be several reasons behind this.

The GameFi world reached its height during the pandemic in the nations where the virus hit hardest. There has become an oversupply of circulating tokens on the market that has caused the decrease of these tokens in market price. But by the end of 2022, the P2E market has concluded that monetization alone does not guarantee the long-term success of blockchain P2E games.

Other documented reasons are as follows:

First, playing blockchain games requires a lot of data on a web browser that drastically restricts their functionality and therefore degrades the experience. Any blockchain-based games’ downfall was primarily brought by the absence of good gaming elements.

Second, there is no engaging gameplay in P2E games. The games are not fun in themselves when the earning part is removed thus providing no advantage over other traditional games. We have seen several blockchain-based games that are designed to take advantage of players with financial interests in them. These games often have high entries, overly simple or uninspired gameplay, offering something for nothing and often lack the fun and value proposition to keep players engaged. 

The limited monetization options in blockchain games also allow players to 1) leave the blockchain platform and its data or 2) take advantage of scams or quick and easy profits.

Another reason for this could be that there are still many developers who are put under pressure to do too much with too little money and be first.  This could lead to a lack of interest in these types of games at some point.

Another reason for the slow adoption of P2E games is that human motivation is volatile when paid with fluctuating rewards. The game can be entered once, but the player loses forever.

There are many potential reasons for this, but one of the most important is that sometimes players are not hungry for money. Many people are hungry for money when they see it as an opportunity to get something they want that is not available to others. This is a power issue and people do not want to play games if they think they may lose.

This makes it difficult to make a product work as a worth-based game, as there is little difference between playing for fun and earning money. In addition, the model was unsustainable. There was oversupply of NFT tokens in the market causing massive decline of the NFT prices. NFTs purchased for more than $350 during its height in the pandemic are worth less than $10 today.

The data above provides evidence why the blockchain game industry is not yet mainstream. However, this does not mean that there is no potential for the industry to grow and succeed. Many companies are working on blockchain-based games that may soon become successful.

The game industry is constantly changing, and new technologies are being developed that can be used in future blockchain games. This has made the development of better monetization plans and better gameplays – one of the more high-loved tasks of many developers.

Understanding DAPPX and its Role to Address the Challenges in the P2E market

Because of the above considerations, the Steam of blockchain-based games called DAPPX has developed some strategies to alleviate some factors that impede the successful mainstreaming of P2E on the market.

First, DAPPX addresses the gaming experience by allowing Triple A applications to run on its dedicated browser called Acent Meta browser. The Acent Meta browser is a powerful Web 3.0 feature with built-in ODIN technology that can render Unreal Engine 5 or Unity graphics without compromising its speed and quality.

The DAPPX website itself is also powered by Acent Mainnet which can process voluminous transactions that can be scaled up to 300,000 transactions per second (TPS).

Second, DAPPX also makes it possible for independent developers with good gameplay but who are unfamiliar with Solidity programming or blockchain to tokenize their projects and publish them on DAPPX. Developers of decentralized apps like P2E and meta-applications can take advantage of the technical and online marketing services offered by DAPPX to reach audiences through the front-end outlet provided in the marketplace for users.

Third, to address burnout, the DAPPX game enables players to earn every winning match. It also developed other means to earn passively from the platform if a user is otherwise interested in playing games. Also DAPPX will allow 33% of the top play-tournament gamers to earn DAPPX according to their gaming ranks.

Read also: How to maximize revenue on DAPPX in 6 ways?

Fourth, to address the oversupply of $DAPPX in-game currency on the market, DAPPX will distribute non-fungible tokens (NFT) to Freenet winners of its newly published games. These NFTs can be used and fused to be used in the Livenet through the help of Zera tokens. The Zera rewards players for their gaming prowess, with the capability to fuse their NFTs and upgrade them to the next level. Zera can be gained free by staking DAPPX. This DAPPX feature is especially interesting as it allows players to directly profit from their staking skills through the DAPPX platform.

DAPPX also designed itself to be the game’s marketplace enabling players to trade their NFTs there. NFTs can be gained free from the Freenet and could be traded off or used in the Livenet. This is what makes the Livenet so unique and exciting, as it offers a way for players to make money in a competitive game without having to worry about sponsors or streaming of their video games to make money.

A player’s favorite game will be a part of the DAPPX features that allows the players to share and sell their NFT digital assets from these games. Soon DAPPX players will not only have the goal to defeat opponents but to creatively participate in the game process too.

In a world where DAPPX is becoming increasingly popular, P2E games may soon be the gateway for mass adoption of blockchain as developers and users flock in to use this platform. DAPPX is designed to provide instant monetization for developers who develop games that are over-the-top (OTO) quality and published their games on this platform.

📢We'd like to give you a bang of the #P2E projects that #DAPPX would showcase this quarter!!🥳

Glad to have our first batch of third parties who published their work with us.🙏🏼

Join our growing P2E ecosystem now and gain $DAPPX!😉#P2Egaming @Acent_tech #blockchain pic.twitter.com/LsnajP0l50

— DAPPX (@d_appstore) January 16, 2023

Want to know the progress of the DAPPX platform? Read DAPPX Summary of 2022 accomplishments.

Acent blockchain technology allows developers to tokenize their projects and publish them on the platform for others to explore. This allows for a wide range of gameplay types, including traditional video games, as well as P2E games that are over-the-top (OTO) quality. With this feature, developers can make money from their games while maintaining completely free access to the player’s data.

Conclusion

P2E games are a new breed of blockchain-powered games that offer players the chance to earn cryptocurrency and other blockchain-based in-game assets through their gameplay. These games have the potential to revolutionize the way people interact with blockchain technology, driving mass adoption of the technology.

Moreover, DAPPX is driving the growth of Play-to-Earn games, which is allowing players to earn cryptocurrency through their gameplay. DAPPX is a blockchain game development platform that allows developers to tokenize their projects and publish them on the platform for others to explore. It has developed sustainable means to keep players engaged on the platform considering the lesson and lapses from other blockchain-based games. To reach the hearts of the public, however, DAPPX is striving to possess the same level of simplicity, accessibility, diversity, and quality gameplay of its P2E games as the traditional gaming platforms.

The future of P2E games looks bright, and it is only a matter of time before we see more players earning cryptocurrency in the DAPPX through their gameplay and sustainable engagement.

ABOUT

Do you want to earn money innovatively by playing games? Then visit DAPPX and learn more about the exciting ways it offers to earn passive income.

DAPPX is a Steam-like platform and game launcher developed by Acent. It enables users to earn money by playing games through $DAPPX rewards that are exchangeable to USDT in KuCoin. All games are available in both Freenet and Livenet modes.

DAPPX will be supported by the Osiris Desktop INterface (ODIN), the underlying technology that enables decentralized assets to operate in a high-performance environment. ODIN provides scalable speed and data processing for applications that facilitate the mass adoption of decentralized ecosystems.

DAPPX also serves as a marketplace for decentralized applications and NFT assets, where both users and developers will be given access to sign up and submit their digital assets and dApps.

All these features of DAPPX are made possible by the powerful meta-web services provided by the Acent blockchain technology. 

Stay glued to our community if you do not want to miss NFT airdrops and staking opportunities!

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