How gamification will affect the development of the cryptocurrency sphere

How does gamification affect the prospects of the cryptocurrency market? This question has been asked by experts lately.

Gamification has every chance of becoming one of the key niches in the digital asset industry, given the growing popularity of blockchain games. According to DappRadar data for 2021, the number of unique active wallets interacting with online games has reached 1.4 million. This is almost 50% of the total crypto industry.

Most users have played online games at least once, and, as analysts note, such activities in the Web 3.0 and NFT gaming ecosystems are becoming more and more interesting. Cryptocurrency-focused games have the advantage of decentralized gaming communities.

According to Ruslan Sharov, co-founder of the Cheelee GameFi platform, the Play-to-Earn sphere, which, by adding tokens to existing popular games, allows gamers to earn money, will be especially actively developed.

“In fact, they already have a large target audience that is familiar with virtual worlds, where you can create and build as you wish. These games have a good groundwork for the introduction of game tokenomics and NFT with the further transformation of games into metaverses,” the expert said.

He predicts that the gamified business model will be actively implemented in social networks in the future.

Play-to-Earn games have grown in popularity since the emergence of Axie inity. This is a decentralized application whose users are rewarded in the form of AXS, a token for managing the platform. Also, players can get their own SLP platform token with several use cases.

At the end of 2021, the market capitalization of popular blockchain games exceeded $14 billion. However, given the incredible size of the gaming industry, this market will continue to grow, analysts believe.