The rise of blockchain gaming has been a long time coming, with the industry finally gaining recognition in 2024 for its potential. This article takes a look back at the roots of GameFi, highlighting key milestones and successes that have paved the way for the industry’s success. One of the earliest successes in blockchain gaming was CryptoKitties, launched in 2017 on the Ethereum blockchain. The game allowed players to purchase, breed, and trade virtual NFT-cats, with some rare cats fetching high prices. The success of CryptoKitties led to the development of Axie Infinity, which introduced the play-to-earn concept and paved the way for the future of GameFi.
While games like CryptoKitties and Axie Infinity have had their ups and downs, they have established the play-to-earn concept, where players can own in-game assets represented by tokens and NFTs. This concept has caught the attention of major game development studios, but has also faced backlash from players who prefer traditional gaming experiences. However, the play-to-earn model has continued to gain popularity, leading to the development of new games and platforms that offer players the opportunity to earn rewards while playing.
The Open Network (TON) made a significant impact on the GameFi industry in early 2024, with its interface allowing for the development of decentralized applications (dApps) directly within Telegram. Notcoin, a viral social game developed by Open Builders, became a major success in the industry, allowing users to earn coins by tapping on their screens. The success of Notcoin led to the airdrop of NOT tokens, which saw a significant increase in value following a bullish market trend. TON has breathed new life into GameFi, with a variety of dApps now available on the platform.
Pocket Rocket, a Whitechain-powered clicker game on TON blockchain, has further solidified the platform’s position in the GameFi industry. Players can compete for crystal rocks and complete tasks to earn rewards, including unique NFTs. The game offers a sense of community and collaboration among players, highlighting the importance of decentralized applications in driving development and adoption in the industry. TON-powered games have become popular not only for their attractive gameplay features, but also for their ability to integrate with other blockchains and protocols, offering flexibility and efficiency in dApp development.
Overall, the rise of blockchain gaming and the success of platforms like TON have paved the way for the future of GameFi. With the play-to-earn model gaining traction and major game development studios taking notice, the industry is poised for continued growth and innovation. Players can look forward to more opportunities to earn rewards while enjoying immersive gaming experiences, thanks to the advancements in blockchain technology and decentralized applications.
