How will GameFi and P2E blockchain gaming evolve in 2022? Report
Cointelegraph
Published May 19, 2022 12:14PM ET
Updated May 19, 2022 02:20PM ET
Crypto gaming has grown in popularity as more players collect and trade digital assets, generating a dependable income for game developers and creating value for players. In a recently published report, Cointelegraph Research shows how Axie Infinity gamers in the Philippines were able to earn their regular monthly salary in 2020 simply by playing the game, at a time when measures to prevent the spread of the COVID-19 pandemic brought economic hardship to the country.
Axie Infinity is a powerhouse of play-to-earn (P2E) blockchain gaming, not unlike Bitcoin’s (BTC) status as the powerhouse of cryptocurrencies. Like Bitcoin, it has the eyes of the mainstream public, is a target for competitors, and is not a stranger to controversy, with the Ethereum sidechain developed for the game recently hacked for 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth more than $612 million at the time.
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Written By: Cointelegraph
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