The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

How GameFi Is Driving a New Wave of Blockchain Adoption

by Hikaru Kasai
August 25, 2022
in HodlX
HodlX Guest Post  Submit Your Post
 

The global blockchain technology market reached $5.9 billion in 2021 and is projected to snowball at an annual growth rate of 85.9% until 2030.

Several factors can be attributed to this growth rate, including the rising interest in DeFi (decentralized finance) and non-fungible tokens (NFTs). Despite the positive forecast, these verticals still have much to deliver.

Creating real impact in the global blockchain ecosystem can be fun – and that’s exactly what the play-to-earn (P2E) paradigm is bringing to gamers around the world.

In fact, 18% of global NFT gamers aged between 18 and 34 have experienced P2E gaming. Regions in Southeast Asia, alongside India and Brazil, have the highest participation rates.

The impacts of DeFi and NFTs on P2E

The emerging field powered by DeFi and NFT technologies is enhancing attractive incentives for the GameFi ecosystem. For instance, players can earn token rewards by completing missions in a game. In most cases, the earned tokens can be traded into local currency or other digital assets.

DEXs, the pinnacle of DeFi’s core offerings, are a popular route used for token swaps. NFT marketplaces have also surged in popularity as an integral GameFi pillar.

However, as fun as it might sound, many P2E games pose high entry barriers for newcomers. For instance, many GameFi platforms require users to purchase NFTs before getting started.

These can be characters, weapons or a treasure pack. In one popular game, players had to upfront $1,100 just to begin – a hefty amount that is far above the expected budget of most gamers.

Reducing barriers to entry with NFT renting

Fortunately, innovations around the fusion of DeFi and NFTs are introducing new ideas that can make P2E more accessible. For example, lending and borrowing protocols based on smart contracts allow gamers to acquire the NFTs they need with an affordable budget.

Gamers are able to pay nominal fees to borrow in-game assets, without putting up risky collateral to lenders. Instead of purchasing costly NFTs upfront, users now have the freedom to try out games by renting digital assets. If the player decides to stick around, they can opt to buy the NFT they value and continue having fun.

At the same time, players who lend out their NFTs unlock the opportunity to earn passive income with zero default risks. This is made possible through the concept of expirable NFTs. It eliminates the risk of borrower default since the rented NFT is in fact an expiring version of the actual NFT.

After a specified period, the rented NFT is automatically returned to the lender via trustless smart contracts. This allows gamers to experiment with a new P2E game for, say, two weeks – upon which the borrowed NFT is returned seamlessly to the lender. This helps to make P2E gaming a lot more attractive and perhaps economically sustainable.

Driving an inclusive P2E ecosystem with guilds

Besides the tech-driven approach with NFT renting, the industry is exploring other models to help onboard newcomers into the P2E space. Case in point – community-centric gaming guilds are providing resources to players, also known as scholars, who split earnings with the guilds.

Similar to traditional scholarships, the initial resources and support are provided to the player. Guilds often provide the game assets, tools and training required for gamers to start earning. The reward split varies among specific guilds. Typical splits can be 70/30 where the gamer keeps the majority of the earnings.

Scholarships for new entrants into the P2E landscape can be a game-changer in many ways. For instance, scholars from any region or financial background can immediately start earning to level out the competitive playing field. Earned tokens or NFTs can be directly exchanged to other digital assets on Web 3.0 marketplaces or even to fiat currency.

Guilds also give back by supporting various initiatives, such as developer fund programs. These initiatives empower builders to create more innovative solutions, including games that don’t require upfront spending. Such developments have led to several GameFi variations including play-and-earn and free-to-play models.

Disruption through innovation

Such dynamics have led to a boom among young to middle-aged gamers. There are cases in which a gamer achieved three times as much income compared to his normal day job.

The foundations of DeFi and NFTs have demonstrated novel growth potential for the blockchain gaming industry. New NFT renting capabilities, coupled with community guilds, are encouraging newcomers to participate with less friction. The ball is now on the industry’s court to further innovate and drive millions of new users into the GameFi space.


Hikaru Kasai is one of the co-hosts from The Human & Machine.

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Pixabay/ArtTower

Submit a Press Release

Industry Announcements

  • Meta Earth Network 2.0 – Pioneering Web 3.0 Innovation With Rewards and Global Events
    June 20, 2025
  • Perceptron Network Merges With BlockMesh To Create First End-to-End Decentralized AI Data Infrastructure
    June 20, 2025
  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,443.72
$103,443.72
1.01%
Ethereum
$2,423.19
$2,423.19
3.5%
BNB
$643.28
$643.28
0.17%
Solana
$140.47
$140.47
3.18%
XRP
$2.13
$2.13
1.16%

Spotlight

  • Hacker Strikes Mortgage Firm, Steals Personal Info From 30,453 People, Including Security Numbers, Names and Account Details
    June 13, 2025
  • $190,000 Bitcoin Within the ‘Realm of Possibility,’ According to Analyst Kevin Svenson – Here’s His Outlook
    June 13, 2025
  • Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year
    June 13, 2025
  • Here Are the Possible Bearish Targets for Bitcoin After BTC Fails To Break Out Above Major Level, According to Crypto Analyst
    June 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl