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In the gaming industry, "AAA" is an informal classification for games created and distributed by mid to large-sized publishers. While loads of games are available on the blockchain, only a handful reach the AAA rating, and that list is subjective depending on which players weigh in with their opinions. Regardless, the number of quality AAA games on the blockchain is virtually nonexistent relative to traditional gaming, and this quandary causes many to ask, "when will blockchain games take off?".
Blockchain game development is rapidly evolving, catching the attention of some big-name players in the industry. TechCrunch reported that the blockchain gaming industry grew 2,000% over the past year. Additionally, in the first quarter of 2022, the sector got $2.5 billion in investment capital compared to $4 billion for 2021.
Crypto games come in many forms. However, generally speaking, most blockchain games combine video games with blockchain technology, cryptocurrencies and decentralized finance. These crypto games often take inspiration from popular games in the traditional gaming world. Moreover, one of the many successes of the crypto gaming industry is the introduction of play-to-earn (P2E) crypto games and metaverse gaming platforms. With a play-to-earn concept, combining gaming and finance (GameFi), we can expect the crypto games industry to gain mass adoption sooner rather than later.
Animoca Brands is a leading blockchain-based branded gaming company. Ranking among “the Financial Times list of High Growth Companies Asia-Pacific 2021”, the company specializes in digital entertainment, artificial intelligence (AI), gamification, and blockchain technology. Boasting a portfolio of successful projects and products, Animoca Brands is at the heart of the blockchain gaming industry, bringing together major gaming platforms with big brands with the use of non-fungible tokens (NFTs). Furthermore, with collaborations with the likes of Marvel, MotoGP, Power Rangers, and WWE, Animoca Brands has a firm hold on the crypto gaming industry and is responsible for a range of successful blockchain games.
