The gaming industry is gaining ground every year, and it seems there is no stopping it. With a $173 billion size in the last year, it is expected to swell twice in 2026.
Within this, GameFi is expanding rapidly, thanks to its Play to Earn concept.
If 2020 was the year of DeFi, 2021 is rapidly turning out to be for GameFi. Games like Axie Infinity and StarAtlas have proven that online games are more than just entertainment.
The ability to not only play but make an actual income from this through cryptocurrencies and NFT has attracted millions of people from all over the world.
One particular game, Crypto Tanks, is rapidly rising the ranks and is swiftly becoming the hottest and most sought after blockchain-based game today.
From the 1980s to the 2020s
CryptoTanks takes inspiration from the retro games from the 1980s, specifically Battle City from Nintendo.
While CryptoTanks uses the same themes and the graphics are intentionally created to look like it is an 8-bit game, it has significant upgrades to match today’s demands.
Different locations, expanding missions, multiplayer (1vs1, team battles) make it completely different and at the same time, keep the nostalgia alive.
But the biggest difference is the way the gameplay is built. Using blockchain, all game data is stored on the decentralized network.
On top of that, the game uses what is known as the Play to Earn (P2E) gaming model. Each time a player wins, they are rewarded with $TANK, the in-game crypto token.
While this may not seem much different, $TANK is a crypto token, and players have the ability to not only use within the game for purchases and upgrades to the armoured fighting vehicles but can be exchanged in DEXs for other cryptos and even liquidated for real-world fiat.
Then there are NFTs. Each tank is unique in its own right and represented by Non Fungible Tokens.
As the tank stats are increased over time, the rarity also increases, and this can be either capitalized through selling it or renting it to other players.
While Crypto Tanks may not be the only fighting GameFi platform, it has some very different features that make it stand out from the rest and combined, these points are the cornerstone for its immense popularity.
As already discussed, tank owners can lend their vehicles to other players. With this, not only the active player makes winnings, but the original tank owner also gets a passive income stream.
With each battle won, the tank’s stats increase, increasing their value more than their original, which can then be sold for profits.
At the same time, where other GameFi games require you to win rounds in order to make money, CryptoTanks players earn $TANK for every match they play, regardless of the outcome.
The game is also a multiplatform system, so that gamers can play it on a variety of devices, including iOS, Android and Windows systems.
Another advantage it takes over other games is its multichain support. While based on Ethereum, the game is also available on the second layer solution Polygon, allowing for faster and cheaper transactions, making the game extremely affordable.
CryptoTanks is an innovative way to show that no matter how old a game is, blockchain and crypto use can drastically change how people perceive and enjoy it.
A 4 decade-old game is revived and going strong, thanks to cryptos and NFTs.