Blockchain PTE Gaming Gala Games Web3 2022 | FTP Monetization Paywall vs. Play To Earn Crypto Explained

Gaming in Brief

Gamers who have been around for a while will remember the early eighties when arcade machines were the rage. Gamers would line up to play an arcade game that involved frantically plucking an almost unbreakable metal joystick while furiously hitting the fire and jump keys.

Today, many people play games on their smartphones while commuting or taking a break. For an even more immersive experience, we play the games on PCs or consoles paired with VR equipment.

No matter what platform we choose, there is a gaming business model suitable for everyone.

Free to Play Upswing

We’ve seen the video game industry flourish in both mainstream popularity and technological innovations within the last decade.

Mobile gaming has surpassed PCs and consoles in recent years in terms of overall earnings and adoption, and we can witness a tremendous expansion and growth of this gaming branch.

Mobile gaming, particularly the Free to Play business model, has evolved and become more accessible to the general public.

Mobile Gaming Growth 

Mobile gaming is clearly on the upswing, having generated over $90 billion in revenue in 2021, which is more than 50% of the overall gaming industry revenue last year.

Mobile gaming is expected to advance at an impressive rate in the coming years.

How Free To Play Works

Premium Games Model

You can only play a premium game by purchasing a license or buying the game on retail, the old-fashioned way. The user may either buy licensed software online or purchase a physical copy from an online or local retailer. 

A premium game can cost a pretty penny, especially if it comes from a reputed developer.

Free To Play Model

The Free To Play business model dates back to the late 1990s and early 2000s, but it has seen the most growth in recent years. Essentially, free-to-play business models allow gamers to enjoy a game completely free of charge. 

Games of this type are always free to download and play but give users restricted access to additional in-game assets. 

Is FTP really free to play?

As with any business, developers find a way to get their users to part with their money for extra content and game skins, for example.

Although Free To Play games are unquestionably free to play, users ultimately need to pay if they want the whole nine yards out of the game. As a result, Free To Play games generate billions in revenue each year.

The free-to-play monetization model and its integrated paywall system have evolved in recent years, resulting in game companies being more adept at monetizing their free-to-play games.

Paywalls in Free To Play Games

A paywall limits user access to some game content unless they purchase it.

Free-to-play games typically have four types of paywalls:

  • Classic PayWall
  • Wall of Patience
  • Pressure Wall
  • Ad Wall

Accessing exclusive features, items or speeding up a player’s progression will cost a fee to be paid by the players. 

The way of monetizing free-to-play games also includes selling additional in-game assets that allow users to customize their gaming experience.

For example, players must pay real money for in-game currencies such as gold or diamonds, which can then be used to purchase extra content or exclusive game skins for their game characters.

FTP vs. PTE

Play To Earn vs Free To Play Bloktopia News

Business models established on Free-To-Play and Play-To-Earn have many resemblances. 

For example, the mechanics used in a play-to-earn game are often the same ones found in free-to-play titles. 

But, when it comes to traditional games, and usually free-to-play-based games are part of that sphere, assets only have value within the game

Play To Earn games, on the other hand, reward players for the time and effort they put into their games by allowing them to earn cryptocurrencies, own in-game assets, or gain other valuable digital assets with real-world value.

Crypto Gaming: The Rise

With the rapid rise and development of the blockchain industry over the past few years, blockchain gaming has emerged as a new aspect of gaming that has the potential to transform the industry.

Research shows that Crypto Gaming in 2022 will be the most significant trend, gaining significant attention among gaming communities.

A new report from DappRadar shows the development of close to 400 active blockchain games as of January.

Blockchain-Based PTE Web3 Games

Since the play-to-earn model is based on blockchain technology, it stands to reason then that play-to-earn games make a lot of sense in the blockchain gaming industry. 

The growth of the Crypto Gaming Web3 trend is driven mainly by Play To Earn games, and it’s showing quite a steep uptick compared to last year’s growth.

Play to Earn Games that allow players to own in-game assets are becoming increasingly popular. They rival the Free to Play business model, which dominated throughout the last decade. 

More About PTE Games

As we mentioned, the most significant difference between Play-To-Earn and Traditional Video Games is that play-to-earn games reward players for the time and effort they put into their games.

As a business model, Play-To-Earn relies on the concept of an open market that rewards players, game developers, and investors with financial compensation

The users can create value for themselves, other players, and developers by engaging in in-game activities when playing games with Play-To-Earn functionality

Participants can accumulate more goods as the game progresses, thus increasing their value. Depending on the particular game they are playing, players are offered to complete tasks, participate in contests, or do other activities to earn rewards.

The earning structures for blockchain games vary, and different types of digital assets can be used as rewards, spanning from cryptocurrencies to in-game goods such as NFTs. NFTs are blockchain-based, encrypted, verifiable, and unique Non-Fungible Tokens. 

These digital assets can be transferred to the real world at any time and sold for cryptocurrency or real money.

PTE Model Viability 

Participants can be involved in the Play-To-Earn model simply by playing a game, investing in digital assets (NFTs), or even developing a project. 

For each Play-to-Earn game to remain viable, it must strike a perfect equilibrium between the revenue model and the in-game economics.

Starting with Blockchain Gaming & PTE

Even though the blockchain gaming industry is still relatively new, it has experienced rapid growth. 

Considering that it is already worth $30 billion and that its adoption has been exponentially increasing, it isn’t surprising that by 2024 it could be worth over $100 billion.

Blockchain Gaming: Gala Games

Gala Games Bloktopia News

Atop the list of blockchain gaming projects made popular by the blockchain technology surge, Gala Games is reputed to be one of the most promising.

What is Gala Games?

Gala Games is a Web3 gaming platform that utilizes Non-Fungible Tokens (NFT) and aims to create a blockchain-based gaming platform that will allow players to regain control with the use of blockchain technology.

According to the company, they want to make “blockchain games you’ll actually want to play.”

Gala Offers Something New

Gala Games challenges the existing paradigm in the game industry and sets a completely new course. 

Today, video games industry standards are pretty different: players can spend hundreds of dollars on in-game assets and countless hours playing virtual worlds just to have it all taken away in an instant. 

Gala Games seeks to give more power to the players by changing the current state of affairs.

It hopes to bring creativity to games by giving users control of in-game assets through the use of blockchain technology.

With over 1.3 million monthly active users, Gala Games has sold over 26,000 NFTs, with the most expensive one valued at $3 million.

Gala PTE Games Portfolio

Gala’s platform houses a half-dozen games under development that use blockchain to power their gaming experiences. There are a variety of games, such as space exploration, RPGs, and tower defense.

Gala Games Community

Among the most critical indicators of a project’s potential success in both the gaming industry and the blockchain space is the size of its user base.

Those who can gather a large fan base community and gain their loyalty, trust, and rouse excitement around the project, those who can push and overcome their limits in the field of crypto gaming stand the highest chance of success.

Gala Games has become such a powerful player and leader in the world of web3 blockchain games and NFT marketplaces thanks to its tremendous popularity, a large fanbase, and the company’s “fun first” vision. With Gala Play To Earn games, players have the option to own the game assets in the form of NFTs (non-fungible tokens).

With 1.3 million monthly active users, the number of active players on Gala Games is remarkably high, particularly when approximated to other Play-To-earn Games, which usually have a player population below a hundred thousand.

Therefore, it is expected that games that are being published through the Gala Games platform will quickly become some of the most popular Play To Earn games in the blockchain gaming realm.Bloktopia NewsDisclaimer: 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.

Via this site.

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