Blockchain and Metaverse Games Are Bringing Well-needed Innovation to the Gaming Sector

The introduction of blockchain technology has opened up doors for crypto game creators, allowing them to create virtual economies where players can earn real money for their time.

Crypto gamers can engage with the Play-to-Earn (P2E) economy to earn in-game tokens or non-fungible tokens (NFTs) that can be stored in the player's wallet.

On many cryptocurrency exchanges, it is possible for players to trade in-game digital tokens for cryptocurrency.

These digital assets may be put up for sale or exchanged on various online platforms, or they may be immediately converted into conventional cash.

On the other hand, traditional games work in a centralized manner due to their design. Typically, the assets utilized inside the game are locked to the game and cannot be used for anything else. 

The impact of this is rather straightforward: players cannot utilize in-game assets outside the context of the game. For example, you cannot use a CS:GO skin in a Battlefield game.

While in-game assets such as skins can be sold to other players, this is usually done either on the black market or through centralized marketplaces. Players cannot freely exchange in-game assets they may earn in a traditional game.

Blockchain games bring a much-needed change to this system, enabling players to earn in-game assets that can be traded for other assets or even exchanged for real money.

Every player has a wallet that enables them to store blockchain-based game assets that they earn, with some assets being usable in more than one game.

These virtual assets have value in the physical world, making playing blockchain games much more compelling.

In addition, when designed correctly, crypto games offer gameplay that is completely engaging with a well-constructed in-game economy.

Everyrealm launches a home building game on Roblox and an NFT adventure game on The Sandbox

Everyrealm has worked with Hometopia to develop a Roblox house design game. Hometopia, dubbed the metaverse's "game for grownups," would let players collaborate with their pals to design their perfect houses and communities.

Everyrealm is a metaverse real estate firm that creates virtual buildings in immersive 3D environments. Some of the most prominent web3 venture capital firms, including Andreessen Horowitz (a16z), sponsored the company's $60 million round in February. Coinbase, the Weeknd, actor Will Smith, and US artist Nas are other noteworthy sponsors.

In addition, the adventure game Fantasy Islands, created by web3 powerhouse Everyrealm, has made its metaverse premiere. The Sandbox, a virtual place where large companies and casual customers have been mixing and constructing, is the backdrop for Fantasy Islands' first major release.

Unlike conventional video games, which must be bought and downloaded to be played, metaverse games are integrated into the virtual environment in which they are situated, enabling players to enter them as they travel. Fantasy Islands, although not a full-fledged game, has enough to keep players amused as they explore its 100 islands and complete tasks along the way.

Frostbite Villa is the location for the Fantasy Islands game, which can be located inside The Sandbox at coordinates -3, 5. As they explore the estate, gamers will come across prompts and clues that will require them to complete seven tasks. So far, it seems that The Sandbox regulars who have played it have liked it.

Everyrealm intends for Fantasy Islands to be much more than a multi-level adventure. The plan is for residents of the 100 islands to build their own elegant apartments and beachside villas where they can hang out and flaunt the NFTs that decorate their real estate.

The Fantasy Islands collection includes a variety of NFTs that may be utilized to fully enjoy the metaverse game. The FI100 cards, which allow VIP access to the game's 100 islands and have a current floor price of 19 ETH, are the best of the lot. In addition, each NFT has its characteristics, such as a bar, unique grid coordinates, and gadgets and animals. Fantasy Islands is the place to be if you've ever wanted to hang out with a giraffe.

Then there's the Fantasy Islands line of manufacturer clothing and yachts, along with the inevitable superyacht. The metaverse is still in its early stages, with the quality and variety of entertainment continually increasing. This is by no means the final shape of the metaverse game for Fantasy Islands. However, based on the first impressions, there's much to like.

The Metaverse

The metaverse is another section of the blockchain gaming community that aims to bring more innovation into the space.

Explained simply, the metaverse is the vision of a collection of virtual worlds where players can come together to work, learn, and play. One of the main strengths of the metaverse is that it is not limited to only gaming. 

Corporations can use the metaverse to hold virtual meetings and enable employees to work in a virtual environment.

The corporate metaverse aims to give organizations complete authority over their virtual worlds and the events inside them.

Businesses can build virtual places that match their company ethos and culture, where employees, directors, and founders can work online.

For example, if you run a startup, you can build a virtual space for presentations where prospective investors can view and interact with your business ideas.

If you're running an eCommerce startup, you can even create a virtual store where customers can view and buy your products.

Both digital and physical products can be placed for sale in a virtual space, with digital items being downloaded instantly while physical products are sent out for delivery upon purchase.

Outlook for the Crypto Gaming Industry

The blockchain gaming sector is quickly becoming a major industry in the crypto space.

As a result, new crypto games are producing very immersive experiences, with AAA-style graphics and even big-name game producers coming into the market.

Only time will tell whether blockchain gaming will be able to reach the same heights as traditional gaming.

However, with growing interest from mainstream game studios and the increasing quality of crypto games, there is a lot of potential for growth. 

Due to these factors, it is possible that we could see an evolution in the crypto gaming and P2E sector, with new innovations and ideas coming into the fold.

The more gaming projects that come into the space, the more competition there is; this increased competition will drive innovation further.