Loot boxes, or virtual treasure chests that players can open to receive in-game virtual items, have been popular in games since the mid-2000s. And they were around long before the crypto space developed into what it is today.
However, this gaming model has never actually been beneficial for the player. Despite investing time and energy into the game, players receive very little value in the end. In current game economies, players can buy in-game currency and items, but cannot trade them back for real-life valuables.
However, this situation is rapidly changing. Today, we have bridges between fiat currency and gaming items. Recent play-to-earn NFT games, such as Time Raiders, are spearheading this change.
And this places gaming at a very interesting crossroads. According to studies conducted by Juniper Research, 230 million gamers are expected to buy loot boxes by 2025. The market research company states that this surge would lead to a $20 billion spike in revenue. Particularly, passionate players are also willing to pay high sums for rare items and are eager to pay real-world money for in-game items with real-world value.
Time Raiders is a time travel, play-to-earn, NFT game that is set to launch in April 2022. Players can travel through time, battle adversaries, and discover loot. They can then use these resources to power up their characters and weapons, craft new items, or sell them on the player-to-player market. Everything in the game is an NFT with true utility that can be traded between players for Xpendium ($XPND), Time Raiders’ native in-game token.
For players eager to witness a new approach to NFTs, cryptocurrencies, and a fairer, decentralized in-game economy, games such as Time Raider are a must-try.
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Source: Cryptocurrency - investing.com
