The digital economy has created a new market that can turn a love of online gaming into a profitable occupation through titles such as Axie Infinity and The Sandbox
The coronavirus pandemic has led to the transformation of many sectors and video games is one of them. For some players, spending a few hours playing for fun is a thing of the past. Some people may think the rise of e-sports has already changed the face of gaming from a pastime to a career, but what has been happening over the past few months goes even further. Games such as Axie Infinity, CrytpoKitiies and The Sandbox have created a new digital market that has transformed entertainment into cash. And not because they sell millions of copies, but because blockchain has allowed cryptocurrencies to become the focal point of these games, known as crypto games.
Axie Infinity, the main driver of this revolution, is the easiest example to understand how this new economic activity works. It is similar to Pokémon, with players collecting, training, feeding, buying and trading “axies,” which are loosely inspired by the axolotl. The idea of the game is to obtain these characters with small love potions, which are used to feed them. Via blockchain technology, these potions have been turned into a cryptocurrency known as Smooth Love Potion (SLP), which can be used to trade on the digital market. The best players can earn up to 1,500 SLP (around $470, €400) a day.5.4KDIRECTO | PEDRO SÁNCHEZ se reúne con los LÍDERES EUROPEOS en GRECIA
But this explanation is incomplete without mentioning NFTs (non-fungible tokens), which have already revolutionized the world of art and collectors. The first-ever tweet recently sold for $2.5 million (€2.13 million) and practically anything collectable can be obtained with NFT, which makes perfect sense if the project to create metaverses becomes reality. A metaverse is a universe built in cyberspace that can be accessed via virtual reality and in which, in an ideal world, people can travel through different shared experiences with millions of other users.Continue reading… “When playing video games becomes a full-time job”