Blockchain has revamped the way games are monetized. Developers are leveraging the genre and creating a revenue stream that is profitable for all. If you are a gamer, you can indulge in P2E or NFT games and become a part of the virtual economy. However, if you are a developer or an entrepreneur, you can unlock multiple revenue streams by tapping into the blockchain gaming industry in the UAE.
The gaming industry in the UAE has already taken the right measures to keep up with the future trends of gaming. One of the biggest steps was getting accustomed to integrating blockchain technology into their video games. The step not only changes the way we experience gameplay, but it also brings a fundamental change to the way games are monetized. The rise of play-to-earn (P2E) games in the UAE is a testament to this evolution, offering players new ways to earn real-world value through gaming. Simultaneously, offering developers the opportunity to earn by minting exclusive NFTs.
The UAE has emerged as a global leader in adopting blockchain technology within the gaming sector. The game developers in the UAE cracked the revenue model. With over 90% of adults in the UAE identifying as gamers and a significant portion dedicating substantial time to gaming each week, the demand for innovative gaming experiences is high.
The UAE government has implemented strategic initiatives to foster a thriving Web3 gaming ecosystem. The Dubai Program for Gaming 2033 aims to position the city among the top global gaming hubs, creating thousands of new jobs and contributing significantly to the economy. Additionally, the DMCC Gaming Centre in Dubai houses over 100 gaming businesses, providing them with resources and infrastructure to innovate and grow. Therefore, blockchain gaming is the next big thing in the entertainment industry.
There are a lot of monetization models that can be leveraged by developers in games. We have listed down some of the emerging models that blockchain games are endorsing.
These models do not just bring revenue in a diversified manner, they also speak volumes about the decentralized nature of this genre of gaming.
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Contact UsPlay-to-earn games allow players to earn crypto or digital assets simply by indulging in the gameplay. The digital assets won in the game can be converted into real-world value. This model has worked in most parts of the world, including the UAE.
One of the best examples of this is Farcana, a UAE-based game developed using Unreal Engine 5, which offers players the opportunity to earn rewards through gameplay. The game operates within a metaverse, allowing players to engage in various activities that yield tangible benefits.
Another example of the same is Hash Rush. The game enables players to mine digital goods and crypto, introducing a play-to-earn model. Gamers can also generate real NFTs through playing the game. These NFTs can be traded within the Vorto Network, expanding the economic opportunities for players.
We shall discuss more real-world examples further in this blog.
Some of the real-world examples are mentioned below. These games proved that blockchain is not just a tool but a real innovation in the gaming world.
A wonderful example of interoperable games, Galactic Arena allows users to bring NFTs from any other platform. The game introduces a ‘Carnival’ where you can try your luck by spinning a wheel. You can enter the ‘Cage’ to indulge in PVP battles with high stakes and high rewards. The game is set to launch a new mode, ‘Fight the Boss’, which has players waiting on the edge of their seats.
It’s Christmas for cat lovers as CryptoKitties, a blockchain game, allows players to buy and sell cute virtual kitties as NFTs. You can collect or trade in one of the world’s best virtual marketplaces designated for cat lovers. It’s more than a blockchain game, it’s an emotion.
An action-adventure blockchain game, World of Dypians features a Dark Lord, and the objective of the players is to save their planet from his invasion. The game offers a variety of characters to choose from, you can either be a warrior or a mage. The game also provides a personal AI assistant to the gamers.
Also Read: The Role of UAE Game Developers in Shaping the Future of Blockchain Game Development
Here’s a table for you to clearly compare traditional game monetization models with blockchain-enabled models.
| Aspect | Traditional Games | Blockchain Games |
| Monetization Type | One-time purchase, ads, microtransactions | NFT sales, token rewards, staking, royalties |
| Ownership of Assets | Players rent access, no true ownership | Players own NFTs and can trade them freely |
| Revenue Distribution | Centralized, the developer keeps most of the profit | Decentralized, players earn and share in rewards |
| Asset Resale | Not allowed or controlled by the developer | Free resale on open marketplaces |
| Player Earnings | None | Players can earn through gameplay (P2E) |
| Community Involvement | Minimal | DAOs, governance tokens, and co-creation encouraged |
| Economic Transparency | Limited | On-chain, auditable transactions and rules |
If gas fees and transaction speed get high and slow, respectively, they limit playability. Hence, scalability issues occur when developers do not use a blockchain platform according to the blockchain game. Getting regulatory compliance is not very smooth in many countries with respect to NFTs and in-game tokens. Certain speculation risks are surfacing where people treat blockchain games only as financial ventures and divert from focusing on gameplay.
The future of blockchain games promises great innovation. Developers are navigating through new models to make the experience better for the users. Especially in countries like the UAE, where regulations are less strict, the market is booming like wildfire, bringing more and more monetization strategies. A significant growth is visible in the sector, and you can become a part of this growth by hiring a blockchain game development company and investing in a P2E game.
Blockchain is not only about expanding the horizon on the revenue front. It has managed to build a relationship between developers and gamers where both parties enjoy a consistent flow of revenue.
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Contact UsBlockchain game monetization means creating a source of revenue from blockchain games. Developers leverage blockchain technology to enable players to earn real-world value through in-game activities, such as earning NFTs or cryptocurrency rewards by completing milestones.
Play-to-earn or P2E games allow players to earn rewards through gameplay. The awards and winnings can be converted into real-world value. These rewards are often in the form of NFTs or cryptocurrency, facilitated by blockchain technology.
The UAE offers a favorable regulatory environment, strategic initiatives like the Dubai Program for Gaming 2033, and infrastructure such as the DMCC Gaming Centre, making it an attractive destination for blockchain gaming development.
