At times we are so obsessed with the future, we forget to look at both the past and the present. This is never more the case than in crypto where it feels as if what we’re doing is cutting-edge. But, what got us here is of importance, particularly within gaming as the chasm between Web2 and Web3 games is enormous currently.
Well, we have seen glances back over the shoulder. Last week we reported that the MMORPG, Bless Unchained, is joining a platform and having Play-to-Earn (P2E) elements applied. And this isn’t the first time a dwindling MMORPG has turned to P2E to resurrect it. Last year, RF Online decided to rise from the ashes with the new gaming incentive.
Well, now a company is approaching the same thinking from a new angle and it’s rather interesting.
What Is GamerGains?
GamerGains is a platform that will overlay earning crypto on top of existing, popular Web2 games, such as CS:GO, DOTA 2, and GTA V, among several others. This is achieved by connecting your Steam, Xbox, and Playstation accounts to your GameGains profile. By linking your account and completing challenges, winning wagers, and even winning tournaments, you can earn GamerGains’ native utility token, $GAMER, on Solana. The utility of the token isn’t fully unpacked yet, but it is said to be used within the GamerGains platform for access to more features. There is also a DeFi element too where your token can be staked for passive interest.
Today, GamerGains announced an impressive funding round, securing $5.8m from the likes of FTX and Winklevoss capital. GamerGains is already aiming for a June beta, so one can only imagine that this investment is for a longer-term strategy.
Gaming has too much of a rich history to simply walk away from, and we shouldn’t want to. Blockchain technology offers new possibilities, but these possibilities are grounded in the mechanics of pre-Web3 games. So, it makes sense that while we look forward to a blockchain gaming future, we also look back to see if we can retroactively use the technology to enhance the games we already love.