- Pro gaming has long been a unique income source for many around the world.
- This same trend is unfolding in various blockchain-based games like Axie Infinity and Decentraland.
- With gamers making a sustainable living in the metaverse, VCs are keeping a close eye.
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While games such as World of Warcraft originally blurred the line between in-game economy and real money, games on the blockchain take this to the next level.
And for many, this innovation is earning them a real living.
Play Games, Get Rich
The rise of competitive gaming has led to a new wave of professional gamers who earn a comfortable living from online tournaments and a loyal fan base. The phenomenon has been ongoing, but amidst global lockdowns, the “play-to-earn” trend has enjoyed even more traction.
Crypto-based games are no different, says co-founder of Yield Guild Games, Gabby Dizon. He said:
“At its core, YGG is a community of play-to-earn gamers. So you could think of it as a World of Warcraft guild, for example, but we operate across several games, and we also invest in yield-generating NFTs within those games and lend our in-game assets out to our player base.”
Users log into the guild’s discord group every day, play games, earn rewards, and exchange those for real money on platforms such as Uniswap. The most popular game is called Axie Infinity and features battles between the small Pokémon-esque creatures called “Axies.”
Unlike traditional gaming, Axies are blockchain-based and unique. Just as Bitcoin ushered in scarce digital value, non-fungible tokens (NFTs) on the Ethereum blockchain add value to art, music, and gaming.
The battles pit different Axies against one another. Each creature comes with its own strengths and weaknesses that each player must be aware of to win.
Registering to Axie Infinity is free, but to play the game, users…