1、Play to earn:the emergence of new valueKearney Web3 business review:blockchain gamePhoto by Tung Li-WeiKearney,SydneyBlockchain games are characterized by the fact that certain items can be digitized(in other words,converted to non-fungible tokens(NFTs)so that they can(1)be freely transferred or sol

2、d inside and outside the game,(2)be interoperable among diff erent games,(3)survive after the service ends,and(4)be earned and redeemed by playing games(play to earn).Various blockchain games have followed in the footsteps of“CryptoKitties”and have created quite a buzz within the crypto asset commun

3、ity.A prime example is“Axie Infinity.”Developed in 2018 by the Vietnamese firm Sky Mavis,this is a play to earn game in which the player initially purchases three characters to train or use in battle and earn crypto assets by completing daily quests.At its peak,the game allowed players to earn sever

4、al hundred dollars a month;a segment of the population in Southeast Asia and other emerging countries began to play the game as a way to make ends meet.“Axie Infinity”was an essential evolutionary step in block-chain gaming,leading to the emergence of busi-nesses that would rent out the initial thre

5、e characters(for about$700),as the purchase price was diff icult for new gamers without the resources to invest and earn a commission.However,the market has grown since the introduc-tion of blockchain games five years ago,and its nature is gradually changing.This paper predicts changes in the blockc

6、hain game market over the next three years,based on the current market size and its background.Beginning of blockchain games(BCG)In“CryptoKitties,”players can purchase multiple cats and pair them to breed and produce kittens.This genetic mating produces a new cat with new genes,which can either be s