Threats Of Job Recession To Blockchain Games.

I was going through the stats and I saw a trending article where the Axie infinity Blockchain Game (BCG) helped thousands of players in low income countries especially the Philippines during the pandemic. However, it says Axie infinity made its game a billion dollar economy during this impact.

_Source

The last I checked Axie infinity has about seven games standing out, but i feel they represent the same patterns, or ain't just existing no more. So We've got Azie infinity:Homeland, Axie infinity: Origins, Axie classic, Axie infinity:Ray lights, Defenders of lunacian land, Origins Export servers, and Origin test server.

Over the years, players of GameFi were successful and earned by trading game materials in and out on third party sites like opensea etc…. This actually unlocked multiple opportunities for them because they have the ability to set their own prices and easily carry out economic activities in and outside the game.

Seems the whole world is falling apart Except for blockchains.

There has been a difference in the economic activities of Powered blockchain games such as DiFi kingdom, World of Warcraft, Second Life and son etc… It's no joke these games have provided opportunities for players as a job, put food on their table, while of course having fun.

Blockchain technology however gives Game developers the opportunity to launch game materials as Nonfungible tokens(NFT), or just a simple token within minutes. This therefore gives a user a very strong property rights to take their characters and items outside the game to other games or a third party marketplace at little or no development cost.

On the other hand it's not very easy to build up a complete developing well functional marketplace that has an in-game currency and open game materials. I for one would want to build one myself. (:

The U.S alone currently hits its highest unemployment status in history. We saw how the pandemic affected most people, some were laid off from work, and others are still looking for a well paid job till now.

The effect of the pandemic hasn't capsized yet in most countries as some are still finding it difficult to feed due to the increase in price and economy. Good thing BCG was there to keep folks thinking less.

Changing the Game:

While BCG became a miracle for players and developers, it has a hidden skeleton which others did not see, I'll tell you in a minute.

_{DappRader by cointelegraph}

In early 2022 and peaks of 2021 Alien worlds was ranking far above any other games, Axie infinity was not doing bad itself. Legality and tax implications, environmental concerns, division between the haves and have-nots should all be valid concerns around GameFi, but instead it was ignored, players and game developers became much more attractive to these games because of the success in these new economies. Who wouldn't?! This however is the dark secret behind GameFi…

Have always thought about it. If only environmental and regulatory concerns can be addressed, I'll bet blockchain tech can open a world filled with opportunities for both players and developers.

A New World:

I decided to compare the stats of 2021 and 2023 at DappRader to see how our play-to-earn babies are doing. Turns out play-to-earn Axie infinity darling has fallen off the radar, searched all over and found it ranking 16 on the ladder. However Precious Alien words still maintained its first position and am just so surprised how cool the game is maintaining such position all these years.

It's a miracle splinterlands has made it to the top three replacing Bomb Crypto(RHS) which is now somewhere that doesn't even exist on the Rader.

According to DappRader there are 3 billion gamers worldwide if not more, half of them can be found in the pacific region, while mobile gaming is ruling in developing countries

Obviously the future is bright but getting there won't be a cakewalk, or we just don't know how to?. "Pridicts" have it that blockchain games will grow to a $50 billion market by 2025." Gamers are taking opportunities of these golden trees, but at the same time misusing it without knowing how the tokenomies works. .

It's not gonna be easy being passive with GameFi, but nothing is impossible. Just hang in there. While the Global Recession is still finding a way to bounce back at its feet. Pick up your boxing kit Get ready and let's Fight.!! (:

P.S. This article is for information purposes only. It does not serve as a substitute for neither individual advice nor an invitation to buy or sell financial instruments. It's not also an investment analysis.