In 2022, the gaming market will be valued at $220.79 billion and is constantly growing. Traditionally, the game industry uses a couple of business models, including premium-priced games and free-to-play (F2P) games.
The adoption of Web 3.0 and crypto technology is revolutionizing gaming by changing the traditional notions held by the industry. But are these changes working both ways? Are the games influencing the crypto markets?
Free-to-Play and Play-to-Earn Games
The free-to-play model departed from the previous approach, sometimes known as premium-priced games, in which users paid for the game’s cost upfront, and game performance was based on the number of units sold. In contrast, F2P games allow users to access a significant chunk of their material for free and may not demand payment to continue playing.
These games’ business models are based on the onboarding of new players for free. However, they are encouraged to…
