Play for Cash This Coin is Leading the Way as Cryptos Rebound

After their rapid growth in 2021, play-to-earn cryptocurrency initiatives faced enormous losses in 2022, with the leading games in the industry losing both players and investors.

Despite the clear future promise of GameFi, companies like Decentraland, Axie Infinity, and The Sandbox have been some of the largest losses in the bear market.

Only two GameFi projects, AlienWorlds and Trickshot Blitz, have drawn more than 500,000 users in the past month, according to DappRadar. This contrasts with the tens of millions of players that popular games like Fortnite, Minecraft, and Roblox draw every day.

However, there are indications that the asset class is rebounding. According to a DappRadar research, GameFi projects have shown to be more resilient to the crypto winter than other crypto assets because of their higher utility and potential.

One recent presale initiative, Calvaria, aims to draw both casual and traditional gamers in large numbers by providing a solution to the two most pressing problems in the cryptocurrency gaming industry.

Despite the clear promise of the play-to-earn (P2E) model, Calvaria’s developers feel two key concerns have driven conventional and casual players away from GameFi projects.

The first is the expense, with most projects needing users to buy pricey NFTs in order to play, and the second is the lack of blockchain technology, which might be intimidating.

Both a paid-to-play (P2P) and a free-to-play (F2P) version of Calvaria’s flagship game, Duels of Eternity, will be made available in order to address these two problems.

The second game will be the same, a card-battle strategy game set in the afterlife, but it won’t require NFTs or any prior understanding of the blockchain to play.

Instead, the founders hope that the game will persuade players to move to P2E, with a few subtle nudges along the way.

In addition to gamified tasks that teach players about blockchain and cryptocurrency while rewarding them, the F2P game will have a visual tracker that will show players how much they could have made if playing the P2E version.