Report: Gaming to Adopt Blockchain Through Esports and P2E Models in 2022

In the past, making money from gaming was only possible by uploading gaming videos online, streaming gaming content, and through esports. But in 2021, many people realize that through the blockchain, gamers can earn money just by playing games.

This trend is likely to continue in 2022 as play-to-earn (P2E) business models become more established and blockchain adoption in esports becomes more mainstream. In a report published by gaming insights firm Newzoo, the firm predicts that the P2E model will become more viable in 2022 as gaming companies experiment with blockchain adoption.

"Publishers may use blockchain technology to facilitate more secure and legal player-to-player transactions in centralized gaming environments."

Additionally, the need to diversify revenue streams may lead esports organizations to move to blockchain-based revenue mechanisms through the use of NFTs. Because of this, new esports business models involving blockchain are starting to emerge, and more will develop in 2022, according to Newzoo.

Beyond that, the report suggests that games related to the Metaverse may also become more popular as younger players continue to make frequent use of existing "original Metaverse" games such as Roblox, Fortnite, and Minecraft.

Newzoo also predicts that “the brand gold rush for virtual real estate is just getting started.” As companies continue to see potential opportunities in the Metaverse game, more investment is likely to flow into virtual real estate.

Currently, Pokemon-inspired Axie Infinity continues to be at the top of the blockchain gaming ecosystem. However, Cointelegraph experts pointed out that games like DeFi Kingdoms, Crabada or Yield Hunt have the potential to eventually replace Axie Infinity and take the top spot in the blockchain gaming industry.

Meanwhile, in addition to playing games, the blockchain gaming community has also taken steps to give back to those in need by donating to charity. Back in 2021, the blockchain gaming community raised $1.4 million to help typhoon victims.