Over the past months, the phrase “play-to-earn” has been coming up in the crypto world, especially when it comes to blockchain games.
Justin Kan, the co-founder of Twitch, commented about Twitch and gaming NFTs in his Twitter account as you can see below:
yeah i built @twitch
it has millions of users.
& gaming NFTs are way bigger.
— Justin Kan ❄️ (@justinkan) February 8, 2022
In December 2021, Justin Kan launched Fractal, a marketplace for gaming NFTs, and commented the following statement:
“Players will now own their in-game assets and be able to take them with them wherever they go,”
Twitch and Crypto Go Way Back
The video streaming platform started accepting Bitcoin (BTC) in 2014. Then almost five years later, in 2019, a Reddit user reported that “Twitch silently removed Bitcoin (BTC) and Bitcoin Cash (BCH) as a payment method for subscriptions”.
One year later in 2020, Bitpay announced a 10% discount to new subscribers if they paid using cryptocurrencies. Nowadays, you can buy Twitch giftcards with crypto through Bitpay and accept crypto payments as donations via NOWPayments.
In November 2021, Crypto.com became the official crypto partner of Twitch Rivals, a place where Twitch users compete with each other playing video games.
2.97 Million Users Played the Top 5 Blockchain Games in the Last 30 Days
According to DappRadar data, almost 3 million users played the top five blockchain games in the last 30 days. Binance Smart Chain was the leading supporting blockchain of the top five games, supporting three of the five games.
The highest blockchain game was “Alien Worlds” with 1.2 million users, then “Bomb Crypto” followed with 611.25k users, on third place was “Splinterlands” with 594.48k users, then “Upland” with 342.1k users, and “MOBOX: NFT Farmer” on the fifth place with 227.52k users.
The giant video game company Nintendo, could be the next to join the metaverse and NFT craze.
As global crypto adoption continues NFT blockchain-based games are becoming more popular. There are no doubt gamers from Web2 will join the new era of play-to-earn games in Web3.