Monday, July 22, 2024 5:49 AM
Share on Facebook Share on Facebook X Share on Twitter Share on LinkedIn Share on LinkedIn Share on WhatsApp Share on WhatsApp Share via Email Blockchain games can be simply described as games that leverage blockchain technology, whether that be by rewarding players with cryptocurrency or using NFTs (Non-Fungible Tokens) within the game.
Each week, Blockchain Sensei will explain the fundamentals of blockchain technology. Think of it as a crash course in all things Web3.
Blockchain games can be simply described as games that utilize blockchain technology, whether that be by rewarding players with cryptocurrency or using NFTs (non-fungible tokens) within the game. While we have seen waves of popularity before with games like Crypto-Kitties and Axie-Infinity, whether these types of games will see widespread mainstream adoption remains a matter of debate among blockchain enthusiasts.
Currently, the TON blockchain is seeing a resurgence and evolution of blockchain games, with hundreds of millions of people playing mini-games on the blockchain in the past few months, resulting in a significant increase in participation. The TON network is the blockchain behind the popular messaging app Telegram, and the network has recently seen the birth of a new phenomenon: the “Tap to Earn” game.
These are simple mini-games available through the Telegram mobile application that reward users for engaging with the application, usually by clicking a button to the maximum extent each day. These apps have their own cryptocurrency based on the TON blockchain, which rewards users depending on the number of taps or mini-games they engage with. Early users who are able to accumulate more coins through daily “taps” have an advantage as they have time to earn more coins. Users can increase the amount of coins they earn by referring other users to the application or by completing additional tasks.
A notable example of such a mini blockchain game is “Notcoin”, which was released on Telegram in late 2023. Users had to repeatedly click on gold coins within the app to earn coins. This proved immensely popular, with the game’s user base growing to over 35 million in just a few months. Additionally, the coins that users were tapping to earn were recently released on exchanges, allowing users to sell them. With prices skyrocketing upon release, many have made thousands of pounds simply by tapping on the app every day for a few months. Another popular TON blockchain mini game, “Hamster Kombat”, has reached 200 million registered users just over three months after its release in March 2024. Hamster Kombat uses the same “click to earn” mechanic as Notcoin, allowing users to repeatedly tap a button to earn more shares of coins.
It is worth noting that these blockchain games give people from countries with weak economies the opportunity to earn money, which is one of the reasons why these games are gaining popularity. Moreover, the barrier to entry is low, with the potential to earn a significant amount of money with just an internet-enabled mobile phone and the Telegram app. Coupled with the fact that Telegram has over 900 million monthly active users worldwide, it serves as a great onboarding tool for millions of people to step into the Web3 world. This new trend of “tap to earn” mini games blends entertainment with monetary rewards, introducing cryptocurrency to users who are unfamiliar with blockchain technology. TON appears to have kicked off the next wave of global cryptocurrency adoption through mobile games.
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