CoinFantasy: The Play-to-Earn revolution

The video game industry started as a niche and has since become one of the leading industries in the world. It experienced one of the most significant advantages due to the pandemic, seeing a massive growth of 23% in revenue since 2020. Although the global adoption of gaming is undeniable, the industry has overcome several hurdles experienced during the pandemic. As a result, video game consoles are now considered a household staple.?

Massively multiplayer online (MMO) was the first online gaming genre for gamers to explore. It featured big worlds for players to traverse with great gameplay content to complete alone or with friends. In addition, users could collect pets, furniture, weapons, and armor by completing complex tasks. So naturally, game designers saw this as an opportunity to add “microtransactions” into their games. These enabled developers to sell aesthetic items for a small fee, such as weapon or armor “skins” (items that only change the appearance of other things). The concept of microtransactions spread throughout the gaming industry like wildfire, pushing traditional offline games to offer them too.

The development of online games and microtransactions spurred an entirely new way of distributing games. Instead of creating a game and selling it, companies started creating games (at times unfinished), releasing them for free, and gaining revenue purely through these microtransactions. This distribution system became a “live service model” where games release consistent content updates to complement the base game. Live service models and microtransactions have been controversial, as paid content becomes necessary to further progress in the game, and those who have paid are at an advantage over those who have not (pay-to-win). Although seen as controversial, the real issue with microtransactions is that these items are purely digital and carry no physical value. For example, if a consumer was to purchase a table in an MMO, it only holds in-game value, unlike a real-world or physical one.?

Blockchain technology is working to solve these problems through two new systems: the first one being non-fungible tokens (NFTs) and the second one being play-to-earn (P2E) models. NFTs are tokenized assets stored on blockchains that carry real-world value. For instance, a digital MMO table could be tokenized by using blockchain technology; in return, this table would now be owned and secured by a player in their cryptocurrency wallet and would be worth real money. Using play-to-earn models, users can earn tokens and NFTs by playing regularly. Instead of the digital assets of traditional gaming that offer limited ownership and utility, P2E creates a new era that merges gaming and money-making.

CoinFantasy aims to bridge the gaming and blockchain industry with the world’s first crypto fantasy game. CoinFantasy is decentralized, which means users have ownership of the assets they earn in-game. Everything you own and win is your digital asset which you can brag upon. Further, the game provides the tools built into the platform to (optionally) teach users about cryptocurrency and digital portfolio management. This makes CoinFantasy play-to-earn, earn-to-learn, and play-to-learn. One example is how users can compete against others to create a portfolio of assets that will see the largest growth. Unlike in other P2E games, by participating in a CoinFantasy game, you face no risk of losing assets or money. The CoinFantasy platform offers unparalleled interaction, including casual play, competitive play, staking, social play, metaverse content, portfolio tracking, portfolio management, and more.?

Our CoinFantasy NFTs are based on blockchain technology. The NFTs offers various ways to integrate with the platform, from staking to competitive gameplay and metaverse access. The NFTs change the gaming industry by providing players with real, tangible assets in an understandable and risk-free way. In addition, the NFTs carry enough personality that a deep understanding of cryptocurrency isn’t necessary but optionally taught through our platform.?

We focus on being easy to access and understand but with deep, rich gameplay systems. The play-to-learn nature of CoinFantasy means investors get support in understanding and managing their crypto portfolio while also earning money. All barriers in the traditional gaming industry are removed by CoinFantasy, where valueless digital assets are instead valuable, ownable NFTs. The P2E revolution is a reality with projects such as ours.