How TON turned the tide for blockchain gaming in 2024
The post How TON turned the tide for blockchain gaming in 2024 appeared on BitcoinEthereumNews.com.
For many years, blockchain gaming remained in the foregrounds of other Web3 novelties, until in 2024 its potential was finally recognised. To explain the reasons behind success, the article carries out a retrospective journey to the roots of GameFi, unveils play-to-earn concept, highlights key milestones of a formerly niche sector. CryptoKitties and Axie Infinity: How It All Began While blockchain-based gaming has tapped to score mass recognition, these attempts did not seek any remarkable success until 2017 – the year when renowned CryptoKitties was launched. Powered by Ethereum blockchain, CryptoKitties gameplay was put simply: players could purchase, breed, and trade virtual NFT-cats that had different visual features of varying levels of rarity. While its gameplay appeared to be plain, it has earned the hearts and investments just after its five-day beta launch started in November 2017. CryptoKitties marketplace. Source: CryptoKitties Less than a month later, CryptoKitties shook the community as its in-game cat Genesis was sold for 247 ETH, equalled for ca. $117,000 back in the day. Eventually, the next year the developer of game Dapper Labs raised $12 million from several top venture firms. A one-of-a-kind Genesis cat. Credit: Mashable This was a literal game changer. In 2018, CryptoKitties could boast of 1 million cats being bred with a volume of 3.2 million transactions on its smart contracts. Not to mention collaborations with celebrities and the German ZKM Centre for Art and Media Kalsruhe museum. However, the success eventually ceased. By 2022, the game had fallen to generally fewer than 100 sales a day, for a total value of less than $10,000. And while CryptoKitties’ showtime faded out as quickly as it flared up, it has contributed to a larger achievement – becoming a kickstarter for the future of GameFi. Just around the time when CryptoKitties were gaining recognition, one…
Filed under: News - @ September 12, 2024 5:24 pm