Play2Earn Crypto Gaming Projections, Benefits, Evolution, Risks, Issues & Partnership Example

4 min read

Can you earn crypto by playing games? The popularity of Play2Earn games has skyrocketed during the COVID-19 epidemic. Enjin and Quest Gamers team up with the goal of building a “super-app” equipped with easy-to-use tools that empowers Play2Earn guilds and communities.

Source: Quest Gamers

Quest Gamers DAO joins Enjin ecosystem

Quest Gamers is a decentralized autonomous organization (DAO) and the first alliance rallying play-to-earn (Play2Earn) managers and clan guilds of all sizes under one coalition to foster inclusivity of benefits in the metaverse, and maximize them towards their goals.

Quest Gamers aims to do so by building an all-in-one “super-app” equipped with easy-to-use tools for Play2Earn managers to drive collective bargaining power and economies of scale in Quest Gamers’ growing network of managers, scholars, clan guilds, creators, games, capital, and communities.

Enjin is a pioneer in the non-fungible token (NFT) and blockchain gaming space. By joining their Ecosystem, Quest Gamers will integrate Enjin’s blockchain technology into the super-app and be connected with their collaborative community of 100+innovative NFT games and projects.

Crypto gaming industry projections

Like Quest Gamers, Enjin believes in the future of the open metaverse and is dedicated to building solutions that make it possible for everyone to get involved. We’re thrilled to build along side their ecosystem and harness the power of solutions like Efinity to bring our vision to life.

The cryptocurrency gaming industry worldwide was valued at $1.49 billion in 2020, and is expected to increase up to $5 billion by the year 2030, according to a business forecast. The rapid growth of the industry is attributed to, one, the blockchain technology that allows users to trade virtual currency and other cryptographical assets, which are easy to sell and trade without reliance on a central authority such as a government or bank to control or maintain it. The COVID-19 pandemic has also encouraged a lot of people to consider other alternative means of income, and socialization. As people are confined to homes and/or have lost their jobs because of these uncertain times, playing to earn not only allows users to enjoy in terms of gameplay, but also earn by receiving some sort of in-game currency that they can use to buy NFTs or transferred directly to a cryptocurrency wallet and sold or traded for tokens or currencies which can be used for real-world payments.

As such, Play2Earn games have risen so much in terms of popularity.

Play2Earn industry challenges & risks

However, Play2Earn gaming still has a long way to go as a mainstream industry, largely because of trust — trust in the games; trust play2Earn managers need to give to player recruits, and vice versa; and trust in the actual compensation itself. Cryptocurrency can be a scary myth for those who are not familiar with the concept, more so because of its usability and the intricacies of accessing and managing it.

Play2Earn gaming also currently has a resources gap between token guilds — those who professionally own, manage assets, tokenizing or are tokenized, and has over 10,000 scholars — and clan guilds. Formerly known as micro guilds, clan guilds do not have the same largesse of assets, scholars, nor own or cannot tokenized, and are operated by a handful of managers. The risks clan guilds take in Play2Earn gaming are considerably higher than the professionally managed token guilds. Tackling the Play2Earn gaming business with limited funding while dealing with the complexity of accessing funding and recruiting new scholars, scaling and growing a business can be a long road to take.

Quest Gamers believes that growth in the Play2Earn metaverse will be faster and more opportunities will open up with more trust. And what better way to grow that trust by working with the company that has created the very technologies to empower the crypto gaming industry worldwide?

Enjin, Efinity & Quest Gamers’ vision

Enjin and Efinity will power the blockchain technologies behind Quest Gamers’ super-app, which provides clan guilds management tools and financing solutions for Play2Earn Guilds to successfully manage and scale their businesses.

The Quest Gamers super-app comes with tools that provide valuable data, generate key metrics, and create monetization opportunities that can help guild managers fast-track guild performance and scaling.

Some of the features that the QuestGamers super-app will offer include:

  • Quest Launchpad: Managers can now join private sales, pre-sales, strategic sales, launchpad sale and whitelists of games
  • Quest Boards: Social profiles focused on gaming, networking, gaming career, and     reputation; Can mint profiles as NFTs
  • Quest Stake: Token holders can stake tokens to support clan guilds and managers
  • Quest Jobs: Allows gaming job seekers to post CVs and metaverse employers to post jobs
  • Queets: Web3-native microblogging and social networking; Can mint Queets as NFTs
  • Quest Borrow: Collateralized and uncollateralized loans based on trust scores

Quest Gamers also gives emphasis on providing a safe, welcoming space for guild managers to grow their business and trade with confidence with the following features:

  • Quest Patrol: Combat fraudsters, scammers, hackers through blacklists; Increase meritocracy in the metaverse through whitelists
  • Quest Market: Free peer-to-peer NFT trading via escrow platform
  • Social Network: A web3-native social network built on the values of benevolence, openness, genuine love, decentralization, and interoperability

About Enjin

Enjin is the leading ecosystem for NFTs, offering a comprehensive suite of products for creating, trading, distributing, and integrating NFTs into virtual worlds. As a scalable, affordable platform, Enjin’s technology has seen wide application in blockchain games, apps, enterprise programs, and innovative marketing campaigns.

The Enjin ecosystem is fueled by Enjin Coin (ENJ), a utility token used to back the value of blockchain assets, and the native ERC-1155 token standard created by Co-founder & CTO Witek Radomski. To date, over 1 billion Enjin-powered blockchain assets have already been created.

Enjin is committed to building the open Metaverse and is launching Efinity, a Polkadot parachain that’s purpose-built for NFTs. As a scalable cross-chain network, it will support tokens from any blockchain.

For more information, visit enjin.io or follow Enjin on social media:

About Quest Gamers Alliance (QDAO)

Quest Gamers DAO or QDAO started asa gathering of online communities, and has quickly evolved to become one of the largest alliances of play2Earn managers and guilds.

QDAO’s tiered token membership and trust score structures provide holders with governance along with token-gated access to:

😃 Community alliance of clan guild managers (micro-guilds)

📱 A super-app for managers that aims to solve tooling problems, including:

  • 🐉 Gaming launchpad to get in private sales and whitelists
  • 🤝 An OTC service
  • 💸 Staking and rewards
  • 💸 Crypto loans marketplace
  • ⛺ Jobs marketplace for metaverse jobs
  • 🛒 Gaming NFT marketplace cross-games cross-chain
  • 🎯 Chat tools, alerts, goal-tracking, auto-reminders, management tools
  • 👍 A social network for clan guilds and managers connections and

🎮 More programs to allow community to invest on clan guilds.

#JoinTheAlliance #SuperappForManagers

For more information about QuestGamers DAO, contact hello@questgamers.io

Website: https://www.questgamers.io/

Discord: https://discord.gg/jcBFGVFf6s

Telegram Announcement: https://t.me/questgamersio

Twitter: https://twitter.com/questgamersDAO

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