Bittime – The popularity of the play-to-earn game Axie Infinity, built on the Ronin blockchain, is on the rise again in 2024. The reason is the presence of a new game called Pixels, a low-fi farming-themed game that allows players to manage virtual land and earn income.
Since the beginning of 2024, Ronin's user base has experienced fantastic growth, surpassing 700%. This figure far exceeds growth in other blockchain sectors.
Ronin Users Rise on Pixels
DappRadar reports that this surge is driven by the popularity of Pixels, which attracted 1.25 million unique players in just the last month. Similar to Axie Infinity, Pixels allows players to earn real-world currency through gameplay, especially in the Philippines.
The presence of Pixels challenges the notion that successful crypto games require high-end graphics. However, unlike Axie Infinity, Pixels was not originally designed specifically for Ronin.
Since migrating from Polygon in October last year, its daily active user base has skyrocketed, from 3,000 to 750,000.
While Pixels doesn't require players to make an upfront crypto investment like Axie Infinity, Ronin has a large user base (with 12.7 million wallet downloads). This could potentially entice them to engage with the NFT features offered by Pixels.
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The Impact of Pixels and the Future of Ronin
The emergence of Pixels as a popular play-to-earn game on the Ronin blockchain has several impacts and opens up interesting opportunities:
1. Increased Adoption of Ronin Blockchain
The surge in Pixel users has the potential to attract more developers and other gaming projects to build on the Ronin blockchain. This could accelerate the adoption and growth of the Ronin ecosystem as a whole.
2. New Opportunities for Play-to-Earn Gamers
Pixels offers an alternative play-to-earn model with a more relaxed gameplay style and simple graphics. This can attract new gamers who may be intimidated by the complexity of other play-to-earn games.
3. Digital Economy Growth
As Axie Infinity and now Pixels have shown, play-to-earn games have the potential to open up new digital economic opportunities, especially in developing countries.
4. Challenges and Regulations
The rapidly growing play-to-earn trend also raises challenges such as sustainable economic models and potential exploitation. Regulators need to pay attention to these developments to ensure the crypto gaming industry can grow healthily.
With the presence of Pixels, the Ronin blockchain is back in the spotlight. This game not only revives activity on the Ronin network but also shows the potential and bright future of the play-to-earn gaming model.
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The Future of Pixels and Play-to-Earn Games
It's too early to tell if Pixels' initial success can be sustained in the long term. However, several factors may influence its sustainability:
1. New Content and Features
Will Pixels continue to deliver exciting new content and features to maintain player interest? Developers need to continue to innovate and expand the playing experience so that players don't get bored easily.
2. In-game Economy Balance
Pixels' play-to-earn economic model should be monitored closely. It is important to ensure the supply and demand for in-game currency remains balanced to avoid inflation and protect player income.
3. Adopt NFTs
Even though Pixels does not require an initial crypto investment, how will the integration of the NFT feature be received by players? Will this create new income opportunities or be a barrier for some players?
4. Regulation and Taxation
As with other play-to-earn games, Pixels needs to pay attention to developments in crypto regulations and tax policies. Regulatory clarity will be important to ensure the sustainability of Pixels' business model.
The play-to-earn gaming industry is still in its infancy, but the presence of games like Pixels shows its disruptive potential. Pixels succeeded in attracting new players and proving that simple graphics are not always a barrier to success.
Traditional gaming industry players need to pay close attention to these developments and see the opportunities offered by the play-to-earn model. With continued development, innovation, and supportive regulations, play-to-earn games have the potential to revolutionize the way we play and interact in the digital world.
How to Buy Pixels (PIXEL) on Bittime
You can buy and sell Pixels (PIXEL) easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.
Pixels (PIXEL) is available on Bittime with the market pair PIXEL/IDR. To be able to buy PIXEL IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Pixels (PIXEL) on Bittime.
Monitor price chart movements for Pixels (PIXEL), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
PIXEL Airdrop: PIXEL Token Release Date and Latest Free Airdrop Schedule
Complete Guide on How to Buy Ronin Coin (RONIN)
GameFi: Is it true that investment in The Sandbox, Gala, and Scorpion Casino can be 100x?
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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