Blockchain was one of the hottest, if not the biggest, of all tech trends in 2021. And as cryptocurrencies and other blockchain-based assets go mainstream, a greater spotlight has been put on the use cases of the technology across industries and sectors of society. The potential it has to address a vast number of shortcomings of the digital world, including security, transparency, ownership and trust, has forever changed the landscape of technology. Most people will traditionally associate blockchain with the cryptocurrency craze and define it as the technology that underpins Bitcoin, but it’s much broader than that. The rise of NFTs is paving the way for a wider adoption of the technology, popularized by play-to-earn games like Axie Infinity and digital art collections including the Bored Ape Yacht Club and CryptoPunks. So with blockchain on everyone’s lips nowadays, we put together a list of the top blockchain trends that will shape 2022 and how they’re likely to impact the adoption of the technology by businesses and consumers.
Top Blockchain Trends To Watch in 2022
Best Play2Earn Games To Try Now
Play-To-Earn gaming is all the rage now. Unlike traditional gaming, P2E brings real money and rewards into play, marking a departure from the business model that dominated the gaming industry for decades. From Splinterlands to Axie Infinity, players are rushing to games that can fulfill their entertainment needs while providing clear monetization paths in return for the time and effort they’ve put in. Last week, we put together a quick intro to Play to Earn, but here’s a recap icymi: P2E gaming relies on blockchain, meaning that through this technology players are able to buy, sell or exchange in the form of non-fungible tokens (NFTs). This way, not only do they have control over their transactions every step of the way, players are even more crucially able to to retain ownership of the digital assets they’ve collected during the course of their gaming experience within a title. From there, players can choose to take those items outside of the game and exchange them across other marketplaces and trading platforms, in return for digital currencies (cryptocurrencies) or fiat money. In short, in-game items have real world value. There are plenty of monetization opportunities within P2E. A player can, for example, purchase an NFT, upgrade it and then resell it for a higher price. Play to earn games are also highly attractive given the opportunities to get rewarded for activities completed within the game, like quests or duels. The impact of P2E is accelerating profound changes in the gaming industry, with more than half of American and UK-based video game developers now saying they’re starting to implement blockchain technology and the use of NFTs in their titles, according to a recent survey.
What Is Play to Earn Gaming - And How Is It Changing Gaming
Many gamers will remember the times when glued to the computer, gaming days and nights away, they would be criticized for 'wasting their time'. No doubt that spending hours on end gaming has its drawbacks, but what was once just a hobby has taken a very lucrative turn. Nowadays, gaming has become synonymous with enjoyment as much as it has with earning some big bucks. This is because an increasing number of players are flocking to Play-To-Earn games, where players have real-life financial returns as a reward for the time and effort they put into a game. P2E games have fueled a new world of digital economies, where users can create, sell or exchange in-platform assets in return for money.
Best NFT Marketplaces to Know in 2021
Boy oh boy, what a year. Crypto is cool, NFTs are the hottest thing in town and the metaverse is here. There ought to be a bingo somewhere for this kind of alignment. So yes, when pixelated JPEGs of apes/ whales/ and whatnot are among the hottest assets in the world (mind you that oil, gold and real estate still very much exist), it's fair to say that something is probably going down. If you're already part of the crowd that wants to ride this new gold rush, you're probably familiar with the ins and outs of non-fungible tokens. But if not, good news. We've put together this short and sweet guide to ease you into the world of NFTs and the best NFT marketplaces to check out before committing to your first token purchase.
How Blockchain Is Changing Gaming
The gaming industry has come a long way. From clunky consoles, quirky cartridges and simplistic games (Super Mario Bros, anyone?) to an entertainment outlet worth over $170 billion, powered by more than 2.7 billion players worldwide. Nowadays, gaming is an all-consuming experience, built on top of ultra-realistic animations, full of twists and turns throughout what seems like an endless stream of entertainment content. There's seemingly nothing out of bounds when it comes to the possibilities of gaming. From personalizing avatars to customizing environments, purchasing tools and setting up tournaments, gamers are showered with all kinds of options to enhance the time spent in virtual worlds. But we've gone beyond the choosing of color palettes and skins; user preferences are changing the foundations of gaming. Instead of the linear experiences of the past, gaming is increasingly an open-ended experience. This is evident by the success of sandbox titles like Minecraft, drawing in players with infinite playable loops that can take shape in the form of challenges and competitions, for example. The more players engage, the greater their status in the community and bigger the incentive to engage with other users. And how to better enhance this experience than by letting players create and exchange (or even sell) their own content. All of this opens the doors to a gaming experience without limits. Take Roblox or Fortnite, two games also seeing a meteoric rise on the back of user-generated content (UGC). However, the majority of gaming experiences remain trapped in traditional, centralized models. This means that developers and gaming companies hold the most power within the ecosystem. Even when users come up with their original content, its value is entirely tied to the gaming dynamics set by developers. That's because games are provided to users on a licensing basis, meaning that they’re free to play and be enjoyed, but in the end users don’t own any in-platform assets. Think of it like renting a house but not being the owner; gamers are simply renting games. Players can be subjected to unexpected or arbitrary decisions that limit their possibilities, from the worth of their creations to the number of units that can be sold or exchanged in a marketplace. Ultimately, centralized gaming models don't favor players - and certainly fail to reward the most loyal ones, despite them spending more time online.
Best TV Shows On Crypto And Blockchain In 2021
If you came across our recent list of best blockchain movies, then you might be interested in checking out a different type of equally binge-worthy content - blockchain TV shows. Once a niche (read: too geeky) topic for most producers, the small screen is suddenly embracing all things crypto, with even family favorites like The Simpsons and The Big Bang Theory dropping a mention or two. We've put together a list of the best tv shows that you can catch in 2021 to explore more about blockchain and crypto. Read. Set. Play.
Best Blockchain Movies To Binge-Watch Right Now
Blockchain this, blockchain that. Blockchain everywhere. But where is the guide to understanding blockchain, and more importantly, how can you finally get to know what all those crypto memes really mean? Because, honestly, blockchain sounds just like a hard subject to learn would. But worry not, we've got the solution for you. If you love films, learning new things and you're interested in blockchain (and cryptocurrencies), you might become an expert in no time thanks to the list of movies we've put together. Meet the main Blockchain players, learn the most important concepts and find yourself asking some serious questions while having fun along the way. Whether you're totally unfamiliar with the technology or you're already a crypto enthusiast, there's something new for everyone in these documentaries. So let's jump right into the binge-worthy titles...
Best Blockchain Games To Play And Earn In 2021
Gaming is growing faster than ever before. The gaming industry is currently valued at $173 billion, with very positive indicators showing that it will surpass the $300 billion mark in the next five years. Behind this boom is a recent surge in new players, especially in mobile platforms, which have made gaming a more practical and easily accessible experience for the estimated 2.6 billion gamers worldwide. But for many, being online just for fun is no longer their primary driver. As the saying goes, time is money and players have certainly taken notice that they're making a big investment in virtual experiences with little return. So they’ve started looking for ways to monetize their hobby. However, beyond the world of eSports, there haven't even been many opportunities for casual players to cash in on the effort they put into gaming - until now. The rise of blockchain games has turned the tables on the gaming industry by making players, and not developers, the main financial decision-makers.Play-to-earn (P2E) crypto gaming is a trend that shouldn't be overlooked. But before we get into the details, it's worth understanding how it all works.
NFT Use Cases: There's More To Them Than Just Art
NFTs are all the rage. But we already know that. By now, many of us will have already come across at least a couple headlines or social media posts that we’ve probably had to scroll back just to read twice. You know, about those stories of virtual paintings, GIFs, cartoons, tweets and pictures of rocks selling for millions and all. Welcome to 2021 (because one pandemic wasn’t wild enough). But you might still be wondering what exactly makes virtual art worth that kind of mind boggling price tag, especially when, in theory, anything on the internet can be easily copied and shared. That’s because these pieces are actually NFTs, or non-fungible tokens, meaning they’re one-of-kind and can’t be duplicated. NFTs are essentially digital representations of everyday, real-life items, whose authenticity, ownership and transaction records are registered on a blockchain. This technology makes it near impossible for NFT-based digital assets to be copied, edited or hacked. Since all NFTs are: - Unique: there is always only one NFT per digital item - Non-fungible: can’t be traded for other tokens as they don’t have the same value - Scarce: the value of NFTs is tied to how rare they are They enable a new and more efficient way of commercializing digital assets, especially in industries where it’s particularly difficult to establish ownership or determine authenticity, like the luxury fashion segment. NFTs also open brand new revenue streams and have the potential to fuel the rise of innovative digital products. Many industries are already tokenizing assets including sports highlights, music albums, iconic entertainment moments and memorabilia. But as NFTs continue to grip the world, much is being asked about whether they’re just a fad and if they hold any long-term promise.