Have you heard of play-to-earn (P2E) gaming before? There’s no denying that, compared to traditional gaming, it’s not as popular. According to a study released by Statistica, as of October 2022, only one in ten adults in the US played P2E games. The other statistics are choppy, but from what we can understand, P2E games dominated the blockchain gaming market with a $107 million trading volume in 2022. As of Q3, 2023, the average number of active daily users with unique active wallets was 787,000. Interestingly, the number was also the highest amongst the highest percentage of UAW (35%) amongst DeFi, NFT, and social dApps for unique active wallets.
Still, statistics show that 3.22 billion people played traditional gaming in 2023. That’s not just a difference; it makes P2E gaming seem non-existent. Yet, with the recent Bitcoin price changes and the media attention around Neoxa – a massive P2E platform – are the numbers about to change?
Read on to find out more.
What’s Play to Earn Gaming?
P2E gaming redefines the gaming landscape. It intertwines entertainment with economic opportunity and creates a symbiotic ecosystem.
This paradigm shift is transforming how games are played. And how they are perceived, elevating gaming from a hobby to a potential source of income.
Integrating blockchain technology ensures transparency and security.
It also fosters a trust-based environment where players have total control over their digital assets. As this model continues to evolve, it’s creating a new era of gaming. It’s just doing it slowly.
Why is Adoption Relatively Slow?
P2E gaming adoption has been slow. We’d say it’s because it’s not as well-known, potentially more expensive, and you must invest in crypto. Not everyone wants to do that.
And traditional gamers are accustomed to conventional gaming models. They may view P2E gaming with apprehension and be hesitant to venture into what appears to be complex and uncharted territory.
There are also concerns about the legitimacy of P2E platforms and the fear of scams in the crypto.
What’s Neoxa.net?
Neoxa.net emerged as a pioneering force in the crypto gaming sector, providing a platform where the thrill of gaming meets the financial potential of cryptocurrency. It’s a realm where gamers are not just participants but beneficiaries, earning real-world value from their gaming skills and dedication.
The platform’s unique PlaytoEarn model is a testament to its innovative approach, enabling gamers to earn $NEOX coins while immersing themselves in their favorite games without any upfront payment.
Neoxa.net is built on a robust Proof of Work L1 blockchain. It originates from a fork of Raven Coin and incorporates features from Dash. It’s secure and equipped with advanced features like MasterNodes, instant send, and private send. The platform’s asset layer and KawPow algorithm (ASIC resistant) further solidify its position as a secure gaming blockchain.
The Neoxa Ecosystem
Neoxa.net’s ecosystem has something called SmartNodes. They’re sophisticated iterations of Dash’s MasterNodes. These nodes are essential for the stability and efficiency of the blockchain – they hold the potential to introduce functionalities like rentable game servers and support for distributed streaming services.
Operating a SmartNode requires a stake of 1,000,000 $NEOX, and the rewards are substantial, with a 45% share of the block reward allocated to SmartNodes. Don’t worry, Neox is currently valued at $0.003009
Neoxa’s P2E model is ingeniously integrated into popular games like Rust, Dota2, GTA FiveM, and Fortnite. It allows players to accumulate $NEOX coins as they play. The platform is on a trajectory to expand its reach, with plans to integrate Counter-Strike 2 and enter the mobile gaming market. This expansion strategy shows Neoxa’s commitment to making its ecosystem accessible and rewarding for a broad spectrum of gamers.
Neoxa introduced StreamtoEarn to support players. It’s a program that rewards active streaming and original content creation. And streaming is massive. Twitch, for example, has over 140 million monthly active users as of 2024.
This initiative not only incentivizes content creation but ensures the integrity and vibrancy of the community.
Will It Transform Play to Earn Bitcoin Gaming?
Bitcoin prices fluctuate, and Bitcoin gaming is more expensive – but it’s still good. And the Neoxa plan seems like it’ll transform P2E gaming. As these platforms continue to refine the user experience, they are likely to attract a wider audience.
There’s the potential to bridge the gap, but the gap is massive. The prospect of earning Bitcoin and other cryptocurrencies, though, is more exciting than buying a (now) ridiculously priced PS5 or Xbox game, playing it for a few weeks, and never playing it again, especially if it’s a campaign-only game.
How to Get Started
Getting started is easy (ish).
Understand how digital wallets work, for one, and the basics of cryptocurrency transactions. It’s not as easy as buying the new Call of Duty and downloading it.
Secondly, select a reputable P2E platform. Neoxa.net is aiming to be that platform.
Lastly, learn the process of the game. Stay informed about the latest developments in the P2E gaming sector. Ensure you’re getting rewards and not wasting your money.
P2E gaming is currently a niche compared to ‘traditional gaming,’ as we keep calling it. We’re talking Call of Duty, Crash Bandicoot, Fortnite, and the list could go on. But it’s the unique value proposition that’s exciting us. You can finally earn money (if you’re good and have money) while gaming without joining an elite eSports team. And now platforms like neoxa.net want to make it more popular, and their plan is pretty robust. Does it make you want to try?
