What is P2E?
Hello, Black Stallion community, we hope you’re all well!
As you’ve no doubt seen in the announcement, P2E is a very important aspect of our project. Today we will discuss what it is and how it fits into the whole picture.
Let’s not waste any more time.
What is P2E?
Play2Earn (play-to-earn) is a concept that refers to playing a game in which a certain platform provides its players with a chance to earn a form of in-game assets that can be transferred to the real world as a resource that holds real value.
In the past, when games were just starting to get developed, they could only be played on arcade machines in specific gaming arenas which themselves were called “the arcade”. However, as technology was progressing, things changed drastically and games became accessible first to home gaming consoles, then to home computers, and finally to our smartphones.
Nowadays, we can see a new gaming model known as P2E, which has arisen almost exclusively in the blockchain universe. It gives players access to generating revenue by playing in games. By playing those games, players, aside from being monetarily rewarded, also create value for other gamers and developers. The digital assets the gamers are rewarded with are most predominantly coins that’ve been tokenized on the blockchain.
The P2E Market
GameFi has a total market capitalization of $55+ billion, according to Crypto.com research. Despite a turbulent 2022 for crypto, it’s still been a year of tremendous growth for the play-to-earn space.
It’s not just the gaming market, which is already worth hundreds of billions. It’s the NFT market too. NFT sales hit $27 billion in 2021, up from a mere $400 million the year before. That’s a 67.5x increase in one year!
It’s hard to predict NFT sales numbers in 2022 (or any numbers for that matter), but even so, we do believe total sales will easily eclipse 2021 numbers. Some experts believe the NFT market will reach $1 trillion within the decade.
We’re also looking to get a piece of the metaverse and NFT pie with our game.
The market value of the global metaverse was $47.68 billion in 2020. When you factor in NFTs, which will be the economic lifeblood of the metaverse, the metaverse is projected to be worth around $830 billion in 2028. That equates to a growth rate of 43.3% from now through 2028.
Interestingly enough, the predicted numbers of the market value of both NFTs and the metaverse seem to coincide, but we don’t think that’s a coincidence. NFTs will find their broadest application in the metaverse (from simple avatars to art that moves). And the metaverse will find an ever-green source of fuel in tokens of human creativity.
An Issue with Ordinary Gaming — Black Stallion Solution
Streaming has opened up a new way for gamers to make big money. However, streaming providers, like Twitch, are taking too much of those gamers’ earnings. According to some estimates, Twitch takes about 50% of the revenue generated by streamers for themselves. That’s simply unfair.
To fix this, we’re creating a truly decentralized ecosystem within MBG Game with a revenue-sharing model that actually distributes value to those that create it. By decentralizing the system, we also eliminate greedy intermediaries (rent-seeking) and are introducing a true peer-to-peer economy with ample P2E options.
In all these ways, we’re empowering our community members to earn money in multiple ways. What’s more, participating in the platform with NFTs and BS tokens offers the opportunity to unlock the full potential of the platform.
About Black Stallion
Missions, visions, and focal points of BLACK STALLION are to Design and Develop its own Metaverse, own wallet, Metaverse play to earn games, integrate an NFT Marketplace and staking, and merge the gaming industry with cryptocurrencies by establishing an ecosystem controlled by users that enables them to transact both ways through the BLACK STALLION token, allowing gamers, investors, and content producers to earn money while immersed in a unique environment.
The BLACK STALLION token is a cryptocurrency that aims to break down barriers in the video game industry by allowing users to trade within the game using BLACK STALLION Crystals. Players can sell items they’ve discovered, produced, or earned in the game to each other. BLACK STALLION platform is free to play and will enable players to make money as they play.
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