Bitcoin-inspired P2E game generates genuine value using gemstone NFTs.

This game offers a unique approach by tying in-game asset value to user participation. Play-to-earn (P2E) gaming has recently attracted the attention of players all over the world, promising a new paradigm in which satisfaction meets money benefits. However, despite the purpose of liberating gamers and giving them greater control, some issues have arisen with the P2E model. One of the most important obstacles is the possibility that game creators may prioritize profit maximization over producing interesting gameplay experiences. This might result in repeated or short gameplay loops, lowering player engagement. The growth and adoption of the GameFi sector have been gradually declining according to recent industry reports. According to an analytics study issued by Messari Crypto in February 2023, the average monthly signups have been decreasing month over month, and the number of active gamers has been declining by 34% since October 2022.

The unpredictability of token economy presents another difficulty. It is common for market forces outside the control of game producers to cause fluctuations in the value of in-game tokens.The in-game token for the well-known P2E game Axie Infinity, AXS $7.33, reached an all-time high of around $160 in 2021 but has since dropped to about $8. Many players are currently struggling with the reduced value of their investment and earning potential as a result of this sharp decline.

Ponzi-like economy and dependency on immigration are also major concerns. Many P2E games rely on a steady stream of new players to keep the value of their tokens and in-game assets stable. This results in a Ponzi-like structure in which the gaming ecosystem’s sustainability is dependent on constant development. This unsustainable approach has resulted in the demise of some well-known P2E games, like STEPN and the previously mentioned Axie Infinity, whose token values have dropped due to a decline in new user growth. As it stands, many participants have lost substantial investments, underscoring the inherent hazards of these unsustainable P2E platforms

Sustainable models that prioritize player enjoyment and economic stability become more and more important as the P2E gaming industry develops. Brilliantcrypto is a blockchain game that presents a new idea called “proof-of-gaming” (PoG) and makes in-game items that have value outside of the game. The proof-of-work (PoW) consensus process used by Bitcoin served as the model for PoG, which powers Brilliantcrypto’s gaming system. Unlike tokens used in classic P2E games, players can obtain genuine digital jewels through active interaction.

These gemstones have an intrinsic worth outside of the game, allowing them to be used in different metaverse realms, created into valuable jewelry, and exchanged on external marketplaces. This external demand for Brilliantcrypto’s gemstones offers a long-term business model that does not rely exclusively on the influx of new players.