Metaverse and Crypto Gaming Adoption
Despite the somehow perceived skepticism of the broader public, Metaverse is not just a passing trend but something that will continue to exist and thrive in the future.
In any case, trends are not created by the general public, but rather, they are followed once they have gained popularity.
Rapid Metaverse growth seems to follow the same pattern as the rise of the Internet and Video Gaming Industry during the 90′.
Metaverse novelty has already drawn the gaze of traditional industry giants within the last year due to rapid technological advancements in Web3 and the growing popularity of Blockchain technologies – and it isn’t slowing down.
Extended Digital reality is becoming a phenomenon that has been acknowledged by many leading companies such as Microsoft, Meta, Tesla, BMW, global financial institutions, and even some governments, and they heavily invested in it.
Crypto P2E Impacts Gaming Industry
This colossal digital shift is also happening within the traditional video game industry.
The pioneering Metaverse infatuation has gained tremendous interest around Crypto Gaming, a new component of the established video gaming industry.
At the end of 2021, the Video Gaming industry’s worth was around $200 billion, marking its latest record high. According to projections, the gaming industry will be worth over $330 billion within the next five years.
These staggering results drive even more engagement to crypto-based games that mark amazing results as a new crypto Web3 video gaming industry extension. Crypto-centric P2E games offer a new way for gamers to monetize their skills through the Play To Earn (P2E) monetization concept.
Even though blockchain gaming is a relatively new branch of the gaming industry, it has demonstrated rapid growth in recent years.
As the industry is already worth $30 billion and is growing exponentially, it is not surprising that it will be worth over $100 billion by 2024.
Metaverse Expected Growth
The Metaverse, the newest crypto vogue, is projected to grow at a rate of 40% over the next eight years, reaching a staggering $670 billion by 2030.
In that vein, Metaverse opens up new, innovative ways for all to interact with digital content and experiences, which could significantly impact how we live and work, earn and play.
With P2E Web3 games, users can extend the value of their in-game purchases.
A Play-To-Earn game concept actually rewards players for the time and effort spent on the game, which is a crucial difference from traditional video games.
The Play To Earn business model works on the premise of an open market that rewards players, game developers, and investors.
Moreover, according to industry estimates, crypto games accounted for nearly 50% of all the blockchain industry usage in the last year, which is quite a testament to the importance and volume of crypto P2E games.
That’s why we highlight the following three interesting participants in the Crypto Gaming and Metaverse sectors.
Metaverse Crypto: Enjin (ENJ)
Through its multi-dimensional portfolio of products and Enjin Games, Enjin Metaverse is the leading ecosystem for non-fungible tokens (NFTs), which allows the development, exchange, storage, and trade of decentralized digital assets.
The Enjin Web3 platform is also used to create digital assets compatible with the ENJ token so that they can be used for creative purposes, along with the numerous gaming apps on the platform.
Enjin has experienced tremendous growth since it debuted in 2009 and has gained both business and consumers’ acceptance and popularity.
Enjin Metaverse growing community has expanded to over 250,000 gaming communities and 18.7 million registered users.
In addition, Enjin was the first to experiment with Ethereum’s Raiden network, a version of the Lightning Network. It eventually decided to develop its own scaling solution known as Efinity.
What is Efinity?
Enjin NFT ecosystem is developed to provide the creation and exchange of in-game assets across multiple platforms. Through Efinity, users can manage their digital assets across several platforms.
Efinity is created to be a Web3 cross-chain NFT blockchain that offers interoperability between ecosystems, rewards for interacting with NFTs, and a seamless user experience.
Efinity Metaverse Fund
In late 2021, Enjin launched the $100 million Efinity Metaverse Fund to formalize support for ecosystem partners and help realize the decentralized Metaverse.
With a long history of pioneering the crypto games industry, Enjin has even opened its virtual headquarters in the Bloktopia metaverse, and it’s continuing to lead the way in this new revolutionizing digital transformation.
What is Enjinstarter?
Among the best-performing blockchain initiatives in 2021 were the Metaverse Crypto Gaming Web3 projects, and their popularity continues unabated.
The blockchain crypto gaming market is experiencing a growing demand for new products, and Enjinstarter Launchpad is offering to help new projects launch successfully.
Enjinstarter (EJS) is an innovative multiverse blockchain-based launchpad focused on Crypto Gaming, Metaverse, and NFTs (non-fungible tokens) geared toward growing the native Enjin ecosystem.
Enjinstarter Multiverse Launchpad
Enjinstarter Launchpad is a crypto gaming multiverse launchpad platform that aims to expand the Enjin ecosystem as well as the Metaverse realm.
Enjinstarter (EJS) is based on Enjin’s JumpNet, a high-speed bridge connecting Enjin Coins and ERC-1155 tokens with free and instant on-chain transactions that give creators and game developers the power to build communities and raise capital using blockchain technology.
Creators and game developers can raise capital using Enjinstarter’s proprietary blockchain platform built on Enjin’s JumpNet and also develop communities through the platform.
Enjinstarter Multiverse
In addition to its incubation program, Enjinstarter offers a network of accredited partners that will help projects develop sustainable strategies and launch winning campaigns.
In order to power the ecosystem and push it forward, the Enjinstarter Multiverse consists of several essential features:
- Enjin Ecosystem – Embrace it
- In the Enjin ecosystem, creators and game development studios can leverage the Efinity blockchain for their NFTs and other digital assets and develop their utility with the robust Enjin blockchain platform.
- Embrace Digital Ownership through NFTs
- Enjinstarter Multiverse is powered by NFTs, which display how blockchain will transform digital ownership.
Enjinstarter launchpad powers all of these services with no gas fees and carbon-negative NFTs.
The Enjinstarter Launchpad platform uses blockchain technology to make the world a better place and help potential-rich and trustworthy projects launch their services in a fair and transparent manner.
Enjin Games
Some of the most popular Enjin games are:
Age of Rust, 9Lives Arena, Boonance.US, Cede, AlterVerse, Bitcoin Hodler, Cryptonom, Crystals of Fate, Forest Knight, Forest Knight, Grasshopper Farm, Ether Legends, Kriptomat, Min-Mins, Pandemic Multiverse, Spirit Clash, Virtual Worlds and many more.
Learn more about Enjin and Efinity here.
Metaverse Crypto: Bloktopia (BLOK)
Bloktopia (BLOK) is a decentralized Web3 Crypto Gaming Metaverse Hub powered by Polygon. It aims to provide an immersive virtual experience to the crypto community and unite players and crypto enthusiasts in a VR Bloktopia Crypto Skyscraper that offers an enjoyable and unique digital adventure.
Metaverse Learning Hub
For the very first time within the Metaverse framework, Bloktopia will provide access to all crypto-related knowledge and interactive content under one roof.
Bloktopia crypto $BLOK coin debuted in October 2021 as the most successful IDO of 2021, thanks to its $BLOK token launch.
Owners of BLOK tokens are known as Bloktopians, and Bloktopia will act as a gathering hub for crypto supporters of all levels worldwide.
Can You Earn With Bloktopia?
Bloktopia crypto VR Skyscraper provides multiple ways to earn revenue, so the answer is a resounding yes.
Simon Benson, Bloktopia’s CTO, recently answered many questions from the community about Bloktopia 2022 Roadmap and sparked even more enthusiasm for what’s about to come later in 2022.
Bloktopia is Commercially Oriented
Simon Benson explained:
“The main differentiator of Bloktopia is that it is more focused on the commercial side of crypto.
Earning potential is fundamental, and as the home of crypto, it’s only right that investing cryptocurrency earns crypto.”
Bloktopia Metaverse Real Estate
Bloktopians will have the opportunity to earn revenues by owning metaverse real estate, advertising, playing games, building networks, and much more.
By earning revenue and building a passive income, Bloktopians can become financially independent leveraging Bloktopia Crypto Metaverse; they will have the opportunity to generate profits in multiple ways.
For example, in Bloktopia VR Skyscraper, users could own or lease their metaverse real estate and earn BLOK tokens.
Bloktopia Metaverse users also have capabilities to develop advertising campaigns, create and market crypto P2E games, or offer various digital services.
Users could also work together to create an online marketplace or social network.
Earnings With BLOK Attracts Brands
In a recent AMA (Ask Me Anything), Bloktopia’s CMO, Paddy Carroll, stated next:
“We are way over-subscribed with interest from the crypto and NFT space, and as such, we are saving spots for when that progress is made because we appreciate that people will want to see real-world brands and have retail experiences in Bloktopia.”
Bloktopia Alpha Metaverse
The Bloktopia Alpha Version 21-story tall Metaverse Skyscraper is awe-inspiring, even though it is still in the early stages of development.
The BLOK community recently had the unique chance to experience the Bloktopia Metaverse firsthand. To that end, Simon Benson, the Bloktopia CTO said:
“I can reveal today that the first phase of the Alpha is now closed. But yes, there will be lots more updates to the Alpha before the release of the main metaverse.
The next of which will showcase the work that we have been doing with URP to release Alpha VR version 1.0, compatible with Oculus Quest 2.
Updates will continue from there, building up to the full launch of Bloktopia in Q4 2022. Initially, this will be 10 levels, we hope to complete the full 21 within Q1 2023.”
Bloktopia, Home to Many
Bloktopia Skyscraper hosts quite a few renowned crypto-related companies, brands, celebrities, and influencers like Animoca Brands, Polygon, Jake Paul and Bitboy, Avalanche, Elrond, Travala, Kucoin, and many more.
BNB Chain Launched Bloktopia BLOK
Bloktopia Metaverse is at the forefront of many great news and partnership announcements. It is one of the most talked-about Web3 Metaverse Crypto projects.
Bloktopia’s $BLOK coin was recently announced as part of Binance’s new Multichain Strategy. $BLOK will be added to the Binance network starting March 30, 2022.
Despite Polygon being and remaining Bloktopia’s Key Strategic Partner, Bloktopia, as planned in its comprehensive Bloktopia Metaverse 2022 Roadmap, has undertaken to expand to include its Multichain Vision.
Bloktopia Built By Unity Engine
Unreal Engine, developed by Epic Games, is being used to design a cutting-edge Bloktopia Metaverse.
Bloktopia aims to create the most engaging and fascinating metaverse with Unreal Engine, widely considered to be one of the most advanced 3D creation programs in the world.
The following statistics reveal Unitiy’s impact on being the number one player in the 3D and gaming industries.
- 5B downloads per month of apps built with Unity
- 72% of the top 1,000 mobile games were made with Unity
- 50% + of games across mobile, PC, and console were made with Unity
- 3.9B monthly active users who consumed content created or operated with Unity solutions
- 20+ different platforms run Unity creations
- 190+ countries and territories have Unity creators
Bloktopia Vision
During a recent AMA on Bloktopia’s Discord, CTO Simon Benson outlined Bloktopia’s vision:
“The vision for Bloktopia is a metaverse/virtual space for cryptocurrency and NFTs.
Crypto newbies and experts can socialize together, join events and learn, earn, play and create with established projects and real-world brands.”
Here is more information about Bloktopia.
Metaverse Crypto: Gala Games (GALA)
Gala Games is a P2E (Play To Earn) blockchain gaming platform that utilizes Non-Fungible Tokens (NFT) and aims to build a revolutionized blockchain-based gaming system that will allow players to regain control by leveraging blockchain technology.
In Gala Games’ own words, they want to develop “blockchain games you’ll actually want to play.”
Gala Innovative Path
Gala Games challenges the existing game industry status quo and takes an utterly innovative path.
The standards that rule the video games industry nowadays are pretty different; players can invest hundreds of dollars on in-game assets and spend countless hours playing virtual worlds, only for everything to be taken away instantly.
The company seeks to give more power to the players by changing the current state of affairs.
Through the use of blockchain technology, it hopes to bring creative thinking to games by giving users authority over in-game assets.
Since its launch in 2019, Gala Games has attracted over 1.3 million monthly active users and sold 26,000 NFTs, with the most expensive one valued at $3 million.
GALA token
GALA is the native token of the Gala Games platform. It serves various purposes, including network governance, node operator rewards, and in-game prizes for players.
GALA tokens can also be used to purchase NFTs and other assets in the Gala Shop.
Gala Store
Gamers can easily buy and sell in-game assets using Gala Games’ built-in Marketplace. Getting liquidity fast lets players take advantage of game rewards or purchase new game items or characters to sweeten their gameplay.
Gala Games Creator Co-Funder of Zynga
Eric Schiermeyer, a co-founder of Zynga, created Gala Games in 2019. A recent study by Gala Games shows that it has over 1.3 million users per month.
Gala Games has created a blockchain-based gaming platform, NFT-focused games, and Gala Music. This platform allows music lovers to participate in a music-focused NFT.
Gala Games Music Platform
Top artists from around the world collaborate with Gala Music. With the Gala Music platform, Gala Games will create solutions to reward artists, musicians, composers, and relevant industry stakeholders, transforming the music landscape and shaping the future of music appreciation.
Gala Music is a platform for fans to share the musical achievements of their favorite artists and musicians. As fans listen to their music through Gala Music in the future, musicians can earn income from the platform.
Gala Music Snoop Dog NFT Album
In addition, Gala Music has teamed up with hip-hop legend Snoop Dogg for an exclusive NFT-based album, containing three bonus tracks. Purchases of the new Snoop Dogg NFT album are not available anywhere else but Gala Music.
In addition to Steve Aoki, BT, H.E.R., 3LAU, Kings of Leon, and Bassjackers, Gala Music has collaborated with a number of other famous artists.
Gala Games NFT holders have special privileges and will be granted exclusive access to their favorite artists and musicians.
Gala Games Nodes
GALA coin is a cryptocurrency designed to power the Gala Games ecosystem to foster next-generation web3 gaming services beneficial to both creators and players.
$Gala is the coin that powers the Gala Games node ecosystem.
Gala games nodes enable the platform to function. They are the central processors that allow the game to run seamlessly and quickly. Furthermore, they are also used to exchange information with the outside world.
Furthermore, all the games launched on the Gala Games platform are powered by the community running the nodes. That gives an additional dimension of decentralization for all the games that are embarking on the Gala platform.
Gala Games Rewards
Additionally, those members of the Gala community who wish to use their computers for Gala games can purchase a license for doing so. Those computer owners will earn rewards for letting Gala use a portion of their machines’ resources.
Gala Builds Its Blockchain Ecosystem
Gala Games is working on its own Blockchain network, called GalaChain. It’s currently in later stages of development, but once live, it is expected to drastically reduce network fees and other issues currently affecting the Ethereum Network.
Here is more information about Gala Games.
Conclusion
Metaverse and Blockchain Gaming have emerged as innovative and fast-growing aspects of Web3 that are likely to transform and significantly blur the sharp line between digital and physical reality over the coming years and decades.
In that vein, the Crypto Gaming P2E (Play To Earn) sector is expected to shape the most intense and immersive Metaverse experiences.
There is surely a lot more work to be done before we can really tell how these exciting new digital transformations will affect our lives in the future.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
