Why games will lead to mass adoption of Blockchain

Why games will lead to mass adoption of Blockchain

It can be difficult to drive mass adoption with the latest technology. Unfortunately, cryptography and blockchain are no different.

Both have remained in relative obscurity for years within niche societies and have only begun to become mainstream over the past few years. Calculating global crypto and blockchain adoption has proven a challenging task thus far, but initial reports suggest that both areas are still on the upswing even amid the massive price slump.

Chainalysis . Global Crypto Adoption Index adoption revealed – Based on conversion values ​​and volume – Jumped 880% between Q2 2020 and Q2 2021.

Crypto.com predicted in January 2022 that the number of global cryptocurrency owners It will reach 1 billion end of the year.

In June 2022 ReportBlockware Worldwide wrote that Bitcoin adoption will reach 10% of the Earth’s population by 2030.

Sentiment around blockchain technology remains optimistic, especially as distributed ledger technology is making headway in the traditional industries. For example, Mastercard’s Vice President of Product Development and Innovation confirmed in May that mass adoption of crypto and blockchain assets will happen sooner rather than later.

We go further, Harold Boss argue Startups need to look at ideas that don’t exist and craft businesses around crypto and blockchain.

How P2E games are revolutionizing traditional industries and the blockchain world

Bosse’s innovation strategy is already well known in the emerging and vibrant world of GameFi, where players enjoy blockchain-based games and stand Collect rewards along the way Due to the Play-To-Earn (P2E) model.

Blockchain-based gaming platforms have multiplied even as the cryptocurrency markets continue to be volatile. Many gamers have always been looking for an alternative to traditional game models that reward developers rather than users.

In turn, the P2E model allows players to earn rewards with real-world value, such as tokens, virtual land, NFT, and other digital assets. Many view the P2E model as enabling, shifting value back to the users. P2E also allows players to transfer assets outside the digital world of the platform.

The model has already been changing the lives of many. In some cases, it has been reported that Filipino workers collected double or even triple the local minimum wage while playing blockchain games. As of early August 2022, 40% of Axie Infinity’s player base originated from the Philippines.

July DappRadar Industry Report The most prominent blockchain-based games. The report notes that game dApps contributed 60% of blockchain activity for the month of July, an all-time high at press time.

According to DappRadar Research President Pedro Herrera, “With gaming related events like The Sandbox Alpha Season 3, Illuvium’s Beta, live Gala games, or the available land spaces of Axie Infinity, Web3 Games are shaping up to be the industry’s driving force for months to come.”

With more shifting towards digital assets, Blockchain gaming platforms are looking to drive adoption forward

With more than ⅓ of the global population playing games, many believe that the massive potential of blockchain will lead to continued adoption within the crypto and blockchain spaces. For example, one of the surveys shows That 48.6% of cryptocurrency owners would consider spending cryptocurrency on online gaming or gambling.

projects like Shiryu Look to just take advantage of these trends with a P2E trading card gaming platform that offers users massive social potential along with opportunities to earn rewards and compete against each other.

Shiryo users build NFT combos and engage in a vast metaverse environment with other players. Users can compete in card betting, avatar betting, and tournaments to earn money, interact with other players, and climb the ranks as they challenge and defeat enemies within the immersive Shiryoverse.

Blockchain P2E gaming platforms like Shiryo continue to maintain their popularity as users flock towards a model where they are rewarded for their efforts. It looks like gaming will be the biggest driver of blockchain adoption as crypto enthusiasts (and those outside the industry) look to take part in a fresh, new, and empowering gaming experience.

To learn more about the Ethereum-based platform Shiryo and its intention to be one of the first trading card games based on the metaverse, check out the project websiteAnd the Twitter, And the cable.

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