The Play-To-Earn (P2E) sector is growing at a very fast pace, increasing by 2,000% in a year. Axie Infinity (AXS), The Sandbox (SAND), or Pomerdoge (POMD) are some of the biggest coins in the $4.6 billion P2E sector. With the P2E projected to grow even further, which of these three coins has unique features, user engagement, and potential growth prospects to dominate P2E?
Rise of the Play To Earn Sector
The play-to-earn (P2E) sector can be traced back to the launch of CryptoKitties in 2017. CryptoKitties blockchain-based game allows players to collect, breed, and trade digital cats. Because the game allowed users to earn significant amounts of money, the game quickly became popular.
From one game, the P2E sector was born, reaching a remarkable market cap of $1.5 billion in 2021. An explosive growth in 2022 now sees the P2E sector valued at $4.6 billion. The P2E sector is projected to hit a market cap of $65.7 billion by 2027. So, which of Axie Infinity (AXS), The Sandbox (SAND), or Pomerdoge (POMD) has what it takes to dominate P2E.
Can Axie Infinity (AXS) Dominate the P2E Sector
Axie Infinity (AXS) was one of the first entrants into P2E. Launched in 2018, Axie Infinity became a very popular non-fungible token-based online video game. However, the game has hit a roadblock in development. In March 2022, Axie Infinity suffered one of the biggest hacks in crypto history as $620 million was drained from the project.
While the game is now back functional, its profitability and users have drastically reduced. In addition, the AXS token has lost more than 96% of its value. While the growth of Axie Infinity played an important role in popularizing the P2E model, the project may never return to being the dominant P2E platform.
How Big Can The Sandbox Become?
The Sandbox (SAND) is also one of the earliest P2E platforms, launched around the same period as Axie Infinity. Where this project has enjoyed massive success in its virtual world known as The Sandbox metaverse.
The metaverse of the Sandbox is now one of the biggest in the blockchain space. However, the initial excitement that followed The Sandbox has subsided along with a decline in metaverse interest. Despite the decline, the popularity of The Sandbox will keep the P2E ecosystem relevant for a long time.
Pomerdoge To Revolutionize P2E Sector
The P2E sector is still in its early stages, but crypto experts have said that Pomerdoge has what it takes to be a major player. This is because of its potential to revolutionize the gaming industry.
Unlike most other P2E platforms, Pomerdoge combines gaming with a global community where players can engage with each other. By creating an interactive and competitive ecosystem, Pomerdoge will significantly enhance engagement and the sense of community among gamers.
The Pomergame is the center offering of the ecosystem, allowing gamers to earn rewards and compensation for their time and efforts. Like The Sandbox, Pomerdoge will also feature NFT collections and its own marketplace known as the Pomerplace.
The project has undergone thorough audits by both SolidProof and Cyberscope, setting the stage for its much-anticipated September launch. The price is currently $0.007 per POMD, hurry up before it surges.
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