The combination of virtual currency and games has been heard since around 2018. There are also names such as blockchain games and NFT games, but in the past, these “play-to-earn” games attracted a lot of attention from the industry, and various companies took on the challenge of developing new genres. In fact, some hit titles have been created.
However, just like the VR games that emerged at the same time, we don’t hear much about it now, and even when we go to various game events around the world, we hardly see any related exhibits or lectures.
What is the current state of virtual currency games?
In conclusion, the virtual currency game is still going on, but the enthusiastic investment has almost disappeared.
For example, the game Axie Infinity, released by a Vietnamese company called Sky Mavis, was released in March 2018 and became a huge hit worldwide.
Axie Infinity grew rapidly due to increased recognition of virtual currency, but it has suffered from problems such as being attacked by a large-scale hack, and the trend towards combining virtual currency and games has stalled, so its growth has been sluggish since then. This is the current situation.
At first glance, it seems like a great plan to play games in your spare time and earn a little money.
However, in reality, if you want to earn money through games, you can use your smartphone for stock investment or FX, and if you want to enjoy games, games without virtual currency elements are better for entertainment. . The world, the game industry, and investors have all realized this.
Of course, not all projects have stopped. There may be future potential in utilizing blockchain and cryptographic key technology to secure the value of in-game assets, for example, or to transfer in-game currency to other games.
Opinions are divided on this issue within the industry community, and it is unknown whether it will develop or decline in the future.
That is the current situation.
A few years ago, there was a time when you could make an investment in just about any virtual currency game, but now that is almost no longer the case, and I feel like I have returned to the research field.
Like VR, it may have potential, but I feel that it is still difficult to elevate it to something that can be easily enjoyed as entertainment.
Personally, I think that if you want to easily earn money with your hands, “Poikatsu”, which is currently popular in Japan, would be a better fit. Points and virtual currency are technically completely different in that their value is not guaranteed by the national polity, but from the user’s perspective they are similar.
As a game, if you include the perspective of “earning”, it often becomes distorted, and in other words, it tends to become a shitty game, which is not liked by gamers.
However, there is value in trying out new technologies like this. It is the accumulation of such challenges that creates a variety of interesting games.
I look forward to continued combinations of new technologies and developments from there.
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