Play-to-Earn Blockchain Games As Next Step For Games Industry
New business models and virtual economies are coming!
Blockchain games and the play-to-earn business model are two of the next major steps for the video games industry. It will introduce new business and audience retention models not yet seen in modern gaming. Business models will never destroy older ones, but consumers will prioritize a certain model based on their personal and market needs.
Blockchain is the next major step for the games industry, because consumers will demand more control. Consumer is king, and those who empower consumers will reap the benefits. This will come with completely new business models, revenue streams and in-game economies. These virtual economies will have empower consumers by adding real world value to their online entertainment. But first, let’s take a few steps back.
Games business in a nutshell
Business models around video games have evolved as technology became more accessible to the audience. In the late seventies and early eighties we played our games on arcade machines in local game centers. With a pocket full of quarters gamers would compete to get the high score.
Nowadays we play games on our smartphone when we’re in public transit or taking a…
