Where previously money could be made by uploading game videos on online video platforms, by streaming game content and by playing competitively via eSports, this can now be done in more ways.
Blockchain games are gaining in popularity
One way that money can now be made simply by playing games is through blockchain technology. In 2021, this became increasingly popular, a trend that will continue in 2022.
Blockchain games and the underlying business models are therefore increasingly developed. The gaming analytics company Newzoo has a report published predicting that Play-to-Earn (P2E) models will become more viable in 2022. More and more gaming companies are expected to try to adopt the blockchain technology. The report stated the following:
“Video game publishers can use blockchain technology to enable more secure and legitimate player-to-player commerce within a centralized gaming environment.”
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Diversify Income Streams
The use of blockchain technology in video games could diversify revenue sources. As a result, various eSports organizations could choose to turn to the blockchain, including using NFTs. This could lead to new business models and also more blockchain-related developments during 2022.
The report also shows that the number of Metaverse related video games is increasing. The number of ‘proto-metaverse’ games such as Fortnite, Minecraft and Roblox are proving to be popular here. However, it seems that this is just the tip of the mountain.
The report predicts that the “virtual real estate gold rush” has only just started. This is because companies are still fully investigating the potential opportunity within the Metaverse. The more potential opportunities the companies see over time, the more investment will flow into virtual real estate, or so it is expected. It is not yet known what the next step within the Metaverse world will be.