Home Blockchain Blockchain Gaming Shows Why It’s Here to Stay at Tokyo Game Show 2023

Blockchain Gaming Shows Why It’s Here to Stay at Tokyo Game Show 2023

by Abigail Bautista

The Tokyo Game Show has returned in full force for the first time since 2019, bringing together gamers, developers, and industry enthusiasts from around the world. This year, the event not only showcases the latest game announcements but also highlights the rapid growth of blockchain-powered play-to-earn (P2E) gaming, also known as blockchain gaming.

During the Tokyo Game Show’s hiatus, the P2E blockchain gaming sector experienced a significant surge in growth. Investments in P2E games reached unprecedented levels, and the number of active players participating in these games increased rapidly. Despite occasional turbulence in the broader cryptocurrency market, the sector has demonstrated remarkable resilience and momentum.

But the most exciting development in blockchain gaming is the evolution of the games themselves. They have shifted from being solely play-to-earn models to embracing play-and-earn dynamics. These games now focus on creating immersive and entertaining experiences for players, going beyond token rewards. This evolution reflects the spirit of Web3 gaming, making it more than just a financial pursuit.

One example of a blockchain gaming platform showcased at the Tokyo Game Show is QAQA, developed by BLOCKSMITH&Co. QAQA introduces a unique concept called ‘quiz-to-earn,’ where users can participate in quizzes on various topics and earn points. These points can be exchanged for a cryptocurrency token called “BLQS.” QAQA plans to introduce new features such as event functions, non-fungible tokens (NFTs), and a proprietary wallet to enhance the quiz-to-earn experience.

Another platform featured at the event is GESOTEN by GMO, a gaming platform that offers a wide range of online games for free. But it’s not just about gaming; it also aims to foster a vibrant community. With an active user base of 4 million people, GESOTEN by GMO allows players to accumulate points through activities like bingo and game missions. At their Tokyo Game Show booth, visitors had the opportunity to play mini-games and earn tokens and exclusive merchandise.

The Tokyo Game Show 2023 demonstrates the resilience and adaptability of blockchain gaming. It showcases the industry’s commitment to pushing boundaries, exploring new horizons, and creating a future where gaming is not just a pastime but a thriving ecosystem filled with exciting possibilities.

You may also like

@2023 – All Right Reserved. Developed by Crypto Explorers