Crypto and online gaming have teamed up to create exciting games powered by blockchain technology where you can earn cryptocurrency and NFTs. With crypto games, you can immerse yourself in a whole new digital world. 2024 is set to be a massive year for crypto games, keep reading to get your head around the latest trends!
P2E Model Will Take Off
While it sounds too good to be true, you can actually play free crypto games and earn cryptocurrency. We expect these games only to become more popular as people look for additional ways to make money online. You never know, in 2024, you might become a digital real estate investor flipping land, or you might finally start that clothes shop you always wanted to open, but this time, it will be located inside a crypto game!
To satiate the demand of gamers, an increased number of P2E games will hit the market. Most will fail, but a few will capture the attention of potentially millions of gamers while at the same time developing a viable business model.
Increased Crypto Adoption
With BlackRock’s spot, Bitcoin ETF set to be launched, and more people looking for alternatives to the current financial system, crypto adoption is only going to skyrocket in 2024. Also, if inflation continues to spiral, expect people to look for new ways to protect their money.
As more and more people start purchasing and transacting in crypto, they’re going to quickly stumble upon the world of crypto games. Crypto gaming platforms should see a significant spike in new users as curious Bitcoin newbies explore what is possible with their crypto holdings. If we were crypto gaming developers, we would be praying for a Bitcoin bull run in 2024!
Metaverses Are Going Mainstream
When metaverses first started getting media attention in 2020 and 2021, they were met with skepticism. However, like all new things, it usually takes a few brave early adopters to convince the masses to try it out. We think 2024 is the year when metaverses start achieving mainstream appeal.
It’s estimated there are over 2.4 billion adult gamers spread across the world. Online gaming has already gone completely mainstream, with 70% of US adults regularly playing. Just imagine if a fraction of those gamers start migrating to metaverses.
Take a game like GTA 5, which is already a metaverse, just without the blockchain and crypto aspect. Imagine if you could play GTA 5 and earn real cryptocurrency that you could exchange for cash. Imagine flipping houses, selling houses, or even flipping burgers in Burger Shot and earning crypto rewards. For metaverses to thrive, we just need a developer to step up and create a game that can rival the open adventure games that already exist!
NFTs Will Make a Comeback
NFTs went crazy during the bull run, with euphoric speculators paying 6 and even 7 figures for pictures of cartoon apes. Unsurprisingly, the NFT market was destroyed as interest rates soared and the stock market plunged. A recent study examining more than 73,000 NFT collections found that 95% had a market cap of 0 ETH, revealing just how bleak the current NFT market is.
While things aren’t looking good for NFTs now, we expect NFTs that are actually used in popular games to make a comeback. For example, NFTs that allow you to own digital property or special weapons within a crypto game should increase in value in line with the popularity of the game. If you don’t want to lose your shirt, avoid NFTs, which are purely art pieces!
Crypto Games Will Become More Immersive
Virtual reality is coming for the crypto game space! We expect to see a lot of crypto gamers to be spending a large chunk of 2024 glued to their headsets as they catch up with friends virtually and explore all kinds of new worlds from the comfort of their homes. Expect people in 2024 to tell you about the digital concert they attended in the metaverse or how they played a few hands of blackjack in a digital casino.
The crypto gaming space is an incredibly exciting place to be right now. Things are developing at a rapid pace, and 2024 is going to feature lots of new games, new users, and exciting opportunities for players to get paid to play crypto games!
