The History of P2E Games
Remember when video games were all about taking a break from the real world when you were back from school or work? From being a diversion to actually earning by playing video games, video games sure did evolve in the last 50 years. From Mario to GTA V, the graphics and the mechanics associated with video games sure did push the boundaries on how games are being created and played.
Video game models were initially of two types: pay-to-play and free-to-play. As time passed, there emerged a third model of gaming called Play-to-Earn.
Currently, video games are counted as an experience and not just a “typical video game”. From being considered “wasting their time” to actually earning and being productive, the meta has surely changed a lot.
According to Mordor Intelligence, by 2025, the global gaming industry is expected to reach an estimated value of $339.95 billion.
In this article, we shall talk about the history of Play-2-Earn games and how Chickey Chik, a Play-2-Earn game by Gamepay, is here to redefine this history.
What are Play-to-Earn games?
The new mode of Play-to-Earn, commonly known as P2E, is a blockchain-backed-up game and will enable users to earn currency of real-world value while having the fun of playing the game.
With each blockchain promoting its own tokens/currencies, users can now integrate their digital wallets with the games and can gain access to NFTs and unlockables within the games.
These NFTs and unlockables can be sold at a higher price due to scarcity and uniqueness!
With NFTs ( rare, unique, and individuality ) and crypto-currency providing gamers with proof of ownership, P2E sure has changed the meta significantly. These NFTs and unlockables can then be exchanged and can be bought/sold on that particular blockchain.
These NFTs and unlockables will also represent in-game assets that can/will be used to further yourself in the game.
The History of P2E Games
For a variety of reasons, associated companies started to get into P2E games and their steady decline over time. We are going to break this down as simply as possible and showcase the timeline in a concise manner.
2017- The start of blockchain-based games.
It all started with CryptoKitties by Axiom Zen, launched in November 2017 for personal computers. In this new game, a player can purchase NFTs with Ethereum cryptocurrency. This NFT was, in fact, a virtual pet that could be used in the gameplay.
Once the pet was acquired, through the gameplay, the players could breed the pets, thereby creating offspring with combined traits. Hence, as the game progressed, players were, in turn, able to create new NFTs. However, despite this added advantage, the gap between supply and demand of the kitties and tokens increased due to inconsistencies and dependency on the Ethereum blockchain, which led to delays in transactions as well.
P2E games were focused on using blockchain more and not on the traditional form of gameplay.
Axie Infinity came out in 2018 and saw a similar start as CryptoKitties. Due to a hack in 2022, the game took a huge hit in players and saw a huge drop in players.
The Sandbox was initially released on Steam on June 29th, 2015, and later acquired by Animoca Brands. The Sandbox was another such game launched by Animoca Brands in 2021.
Players can craft and make in-game items by using the game’s toolbox and then sell them. The Sandbox uses a game-specific cryptocurrency, for others who could display it in The Sandbox’s metaverse.
The problem they faced was server issues and transactional errors, due to which the game did see a significant drop in players.
Major players like Ubisoft, Electronic Arts, Take-Two Interactive, and Square Enix stated that blockchain and NFT-based games are under serious consideration for their companies in the future. The bored Ape Yacht Club has also announced an NFT-based game and a road map to expand its presence in the crypto world.
So how do you earn by playing these games?
So Play-to-Earn falls under the category of GameFi, ie, gaming and finance. They provide financial incentives to play and advance into the game. Earning income can be done in three ways.
- Completing in-game daily quests and furthering yourself in the game to unlock more rare items or make your own by using them.
- Battling other players or otherwise known as PvP (Player vs Player).
- Trading in-game items on the blockchain for a higher buck.
- Staking is also another way in which you can lock up your NFTs or cryptocurrencies and hold them like a stock for trading purposes in the future.
Are these games secure and safe?
While the concept of Play-to-Earn seems very promising, there are a few questions that do arise due to inefficiencies in the previous games. While those questions are valid there are many advantages when it comes to blockchain-based games.
Primarily, you have proof of ownership, rarity, and uniqueness. The blockchain database is maintained by a distributed network of computers. That means it is virtually impossible to replicate, modify or delete the data. All these computers hold blockchain data.
Speaking of duplication, unlike traditional games in which hacking can take place and items can get replaced or lost, rarity is a key factor playing in NFT-based games. These items cannot be replaced as they are stored in the blockchain and hence creating real value for the items.
Chickey Chik is here to make a difference in the P2E industry.
A Fully Decentralized NFT-based Play-and-Earn Game will play a critical role in onboarding the next generation of gamers and game developers in this new paradigm. The platform is based on sound economic and financial models that have been validated over the past decade in tokenized form.
Take the aforementioned P2E games as an example, due to dependency on blockchain tokens, this led to a lack of fun while playing the games. Inconsistencies, when it came to demand and supply of tokens too, were a crucial factor. This led to a significant drop in players.
Chickey Chik would provide the missing element of fun for the players. They will be able to have fun while earning a fortune. Many blockchain-based games are 2D and provide 2D digital assets for the players or buyers. In Chickey Chik, the world is 2.5D, which is a mix of both 2D and 3D worlds. The characters and digital assets obtainable through the marketplace will be in 3D, which then can be brought into the 2.5D game world.
What to look out for hereafter
A shared virtual world in which users interact with each other is called the metaverse, with physical objects being turned into digital and land being developed. Every physical activity that can be done in the metaverse is sure to be followed closely by gaming.
Chickey chik will have its own metaverse in which users interact with each other and obviously play games together and will provide a unique and proper experience gamers are looking for in a P2E game.
The power of play-to-earn is something that cannot be contradicted, as gamers have a chance to play fun games while earning money.
Chickey Chik is a Free-to-Play Play-to-Earn multi-language NFT-and DeFi-based game powered by Gamepay that enables anybody of any age to play and earn an income.
You can also start buying NFTs from Gamepay’s Marketplace by registering using your Mail/Wallet TODAY !!