Why Gaming Will Drive Blockchain Mass Adoption

Driving mass adoption with cutting-edge technology can be difficult. Unfortunately, crypto and blockchain are no different.

Both faded into relative obscurity for years within niche communities and have only begun to become mainstream in recent years. Calculating global crypto and blockchain adoption has proven to be a difficult task so far, but initial reports suggest that both industries remain on the rise even amid massive price declines.

The Chainalysis Global Crypto Adoption Index revealed that adoption – based on transfer values ​​and volume – jumped 880% between Q2 2020 and Q2 2021.

Crypto.com estimated in January 2022 that the number of global crypto owners would reach 1 billion by the end of the year.

In a June 2022 report, Blockware wrote that worldwide Bitcoin adoption would reach 10% of the world’s population by 2030.

Sentiment about blockchain technology remains positive, especially as distributed ledger technology advances traditional industries. For example, Mastercard’s VP of product development and innovation claimed in May that mass adoption of cryptoassets and blockchain would happen sooner rather than later.

Harold Bosse argued that startups need to look at ideas that don’t exist and create businesses around crypto and blockchain.

How P2E Gaming is shaking up traditional industries and the blockchain world

Bosse’s innovation strategy is already well-known in the emerging and energetic GameFi world, where players enjoy blockchain-based games and stand to collect rewards along the way due to the Play-To-Earn (P2E) model.

Blockchain-based gaming platforms have snowballed, even as crypto markets continue to fluctuate. Many gamers have long been looking for an alternative to traditional gaming models that reward developers instead of users.

In contrast, a P2E model allows players to earn real-world rewards, such as tokens, virtual land, NFTs, and other digital assets. Many see the P2E model as empowering, shifting value back to users. P2E also allows players to move assets outside of a platform’s digital world.

The model has already been life-changing for many. In some cases, Filipino workers have reportedly collected double and even triple the amount of local minimum wages while playing blockchain games. As of early August 2022, 40% of Axie Infinity’s player base originated from the Philippines.

DappRadar’s July industry report highlighted blockchain-based gaming. The report noted that gaming dApps contributed to 60% of July’s blockchain activity, an all-time high at the time of publication.

According to research manager for DappRadar, Pedro Herrera, “with relevant gaming events such as The Sandbox Alpha Season 3, Illuvium’s Beta games, Gala live games or Axie Infinity’s land effort available, Web3 gaming is set to become the industry’s driving force for months to come.”

As more people turn to digital assets, Blockchain gaming platforms look set to drive adoption forward

With more than ⅓ of the globe’s population playing games, many believe blockchain’s enormous potential will drive further adoption in the crypto and blockchain spaces. For example, a survey shows that 48.6% of crypto owners would consider using crypto for online games or gambling.

Projects like Shiryo look to capitalize on these trends with a P2E card game platform that offers users a huge socializing potential combined with opportunities to earn rewards and compete against each other.

Shiryo users work to build NFT decks and engage in a massive metaverse environment with other players. Users can compete in card bets, avatar bets and tournaments to earn money, interact with other players and climb the ranks as they challenge and defeat enemies in the immersive Shiryoverse.

Blockchain P2E gaming platforms like Shiryo continue to remain popular as users flock to a model where they are rewarded for their efforts. Gaming appears to be the biggest driver of blockchain adoption, as crypto enthusiasts (and those outside the industry) look to get involved for a new, fresh and empowering gaming experience.

To learn more about the Ethereum-based Shiryo platform and its intention to be one of the first metaverse-based trading card games, check out the project’s website, Twitter, and Telegram.