According to gaming intelligence platform Newzoo, the need to diversify revenue streams may drive esports organizations to use blockchain based projects.

Previously, the only way to earn money from games was to upload gaming videos online, stream game content, or compete in esports. However, by 2021, many gamers realized that they could earn money simply by playing.

The trend will continue throughout 2022 as play-to-earn (P2E) business models mature and blockchain adoption in esports gains traction. According to a report published by gaming intelligence firm Newzoo, P2E models will become more viable in 2022 as gaming companies adopt blockchain.

“Publishers might use blockchain technology to facilitate more secure and legitimized player-to-player trading within a centralized game environment.”

Additionally, the desire to diversify revenue streams may drive esports organizations to adopt blockchain-based revenue streams through the use of nonfungible tokens. As a result, new esports business models based on blockchain technology are emerging and will continue to develop in 2022, according to Newzoo.

Also, read – Re-imagining the Blockchain Gaming Experience with DeFi11

Metaverse Gaming and Blockchain Based Projects

Apart from these, the report indicates that metaverse-related games may gain popularity as younger players continue to engage with established “proto-metaverse” games like Roblox, Fortnite, and Minecraft. These are the best examples of Blockchain based projects which cracked millions in the crypto market.  

Additionally, Newzoo predicts that “the brand gold rush for virtual real estate is just getting started.” As more businesses recognize the potential of metaverse games, more investment may flow into virtual real estate.

At the moment, Axie Infinity, inspired by Pokemon, remains at the top of the blockchain gaming ecosystem. However, according to Cointelegraph analysts, games such as DeFi Kingdoms, Crabada, and Yield Hunt have the potential to eventually supplant Axie Infinity and take the top spot in the blockchain gaming industry.

Meanwhile, in addition to gaming, the blockchain gaming community has taken steps to give back to those in need through charitable contributions. In 2021, the community raised $1.4 million to aid typhoon victims.