The world of blockchain gaming continues to evolve fast, with Play-to-Earn (P2E) models capturing the attention of gamers and crypto enthusiasts alike. These platforms are transforming the traditional gaming landscape by introducing financial rewards directly into gameplay.
Recently, a new trend has emerged in the form of Tap-to-Earn games, in which users tap a button within a Telegram app to earn rewards.
The Rise of Tap-to-Earn Games
Tap-to-Earn games leverage the simplicity of quick tasks, often integrated with popular social platforms like Telegram. This model is more accessible, requiring less time and effort, and has quickly amassed millions of users.
For instance, at its peak, games like Hamster Kombat on Telegram boasted over 150 million players, while other titles like TapSwap and Yescoin achieved millions of active users within weeks.
Alena Shmalko from TON Foundation highlights that Tap-to-Earn games have unlocked a window to mass adoption in Web3 gaming by using accessible social platforms and quick engagement models.
Another reason for the success of Tap-to-Earn games is the promise of community airdrops. Simple tapping games don’t require complex actions and can be completed by anyone. For instance, Notcoin airdropped around 90% of the token supply to its community, and the average reward per wallet was $200.
As a bet on the massive future of Telegram-based tapping games, Animoca Brands – one of the largest Web3 gaming studios and venture capitalist firms – invested in Telegram’s blockchain, the TON Network, becoming the largest validator.
Blockchain Gaming Rapid Growth and Innovation in Q3 2024
Blockchain gaming accounted for 26% of the entire Web3 industry, with 4.4 million daily active users during the third quarter of 2024, according to a report from DappRadar.
In the third quarter of this year, the entire Web3 industry saw a remarkable surge, with daily unique active wallets hitting 17.2 million. This represents an increase of over 70% from the previous quarter.
As a result, game development studios are now integrating DeFi functionalities into games to enhance earning opportunities and incentivize community interaction.
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