Can crypto games create crypto nations?
Hello everyone...
Around us the digital era is increasingly present, our dependence on the internet and technology is high, so much so that if there were to be EMP in strategic countries and the internet is turned off, economies would collapse and there would be total anarchy. But as this publication is not for conspiracy theorists, let's look at a topic that is increasingly present in what is being talked about in social networks, about crypto nations, a concept derived from the large number of people in a country who are actively involved in the crypto environment.
When we talk about the crypto nation in 2021 we must expand the concept that we have, since in addition to cryptocurrencies the term crypto nation is taking relevance among other aspects, such as social networks based on blockchain, NFT, and crypto games. And it is the latter that interests us as it has had very strong growth. Where the king of crypto games of the moment is axie infinity, a Play to Earn style game, where you gather axies that are represented by NFT, and your mission is to fight battles to get rewards that can help you to improve the character or charge it daily.
And it is this play-to-earn game mode that axie infinity has become so popular, achieving even record numbers of registered users, investment, and reward payments. Also, this play-to-earn mode has attracted the attention of players coming from countries with difficult economic conditions such as Latin America, who are looking for better ways or ways to get money using cryptocurrencies. And going back to Axie infinity, so far the biggest country with active users in axie infinity is the Philippines, which has approximately 60% of axie infinity players.
And the Philippines is the perfect case because just like in Nigeria, Filipinos are taking advantage of all that blockchain and crypto can offer, as a country where approximately 26% (or maybe much more) of the population lives on the poverty line and where the unemployment rate got even worse due to the ravages of the pandemic. Filipinos are looking for better opportunities and see crypto games as excellent ways to earn more than the minimum wage from home and with tools that are within their reaches such as internet and a smartphone or pc.
Now back to the crypto nation issue, for a group of people, village, or region to be officially called a nation, you need many important things such as a government, a currency, economy, laws, etc.. and even if only 360K Filipinos are in axie infinity, they can be considered a crypto nation because they meet all the requirements since, in the case of the blockchain they have all the attributes, they have a solid and profitable economy, different types of currencies, a decentralized government where everyone can participate and the laws are governed by the same blockchain that is always decentralized and fair.
So thanks to the fact that there are more and more people from the same country, uniting and creating greater communities around crypto games, it could be said that blockchain technology is forming crypto nations dependent on a solid and formidable economy.
And if we look at the statistics of DappRadar about Crypto games you can see what I mean, as more and more players are coming to this type of game, achieving record numbers daily. For example, yesterday more than 30K new users arrived at the crypto games, raising the number to almost 800K active players. Now seeing all these impressive numbers is undoubtedly the idea of what is being built here, the enormous progress that is taking the blockchain technology in a short time, but this is only the beginning because as we move forward in the digital age the concept of crypto nations will be seen to a greater extent.
Maybe we could see players coming from Venezuela, Argentina, Nigeria, Russia, etc.. build their nations around crypto games, what I would like to know is where most of the Splinterlands players come from which are more than 150K at the moment, and if they are also consolidating a crypto nation there.
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