We have seen a few companies in the space: Decentraland, Axie Infinity, Cryptokitties. These concepts for blockchain in gaming are implemented and used across the world. These companies have been generating revenue and have seen tremendous growth in mid of 2021 due to the new ATH of Bitcoin, bringing people into the space. Axie Infinity alone generates 6000 Eth after 4 years of inception, equivalent to $12 million in revenue

I totally agree that blockchain gaming will be one of the driving factors of growth in the industry and that it offers actual real world value and applications. There is tremendous room for growth and innovation but when we are talking about play-to-earn, one thing that is highly underestimated at the moment is the management of an economy. It has proven very hard and will be a major challenge. It is also extremely interesting to see develop, all the play-to-earn games are real life economic experiments of alternative ways of generating and distributing wealth. These experiments also have political and economic value in alternatives to pure capitalism.

However, for gaming, it makes sense. Blockchain can solve any legacy problems. As a gamer, I would love to own my game items, especially the rare ones. NFTs allow users to do exactly that! Users can own their in-game assets from land to rare items, preventing the challenges of account theft. You can even transfer your NFT across different games, opening up new ways for building value. And decentralization can allow smaller developers to gain a share instead of big gaming studios dominating the space.

Since 2017, dozens of projects have created games that use blockchain and nonfungible token (NFT) technology. The overall vision is inspiring and has attracted a solid base of fans and investors in equal measure. However, the industry is still in its infancy, and we have a long way to go until it achieves mainstream adoption.