Skip to content
Master Your Money — Financial Horizon: Secure Your Future

Online gamers generating thousands of naira through play-to-earn games

In Nigeria, participants of play-to-earn video games rake in anywhere from ₦2,000 to ₦8,000 per week, with an average monthly income of around ₦48,000, all contingent upon their skills.

,   and  Administrator
3 min read
Earning significant amounts of Nigerian currency through participating in online games
Earning significant amounts of Nigerian currency through participating in online games

Online gamers generating thousands of naira through play-to-earn games

In the rapidly expanding gaming ecosystem of Africa, hypersocial play-to-earn (P2E) games, such as Hyper, are gaining significant attention. These mobile-first and reward-oriented platforms are contributing to the growth of the African gaming market, which expanded by 12% year-on-year in 2024, outpacing the global average[1][5].

Nigeria, alongside South Africa, is leading the charge, generating substantial gaming revenues of $578 million[1]. Platforms that merge social interaction, gamification, and real-world rewards are particularly popular among African players. For instance, Rise & Hustle, a mobile platform in Nigeria, demonstrates the demand for games that offer meaningful engagement, progression, and transparent rewards tailored for African users, emphasizing low data usage and mobile-first design[3].

One such hypersocial P2E game is Hyper, a platform with approximately 100,000 active gamers. Ademide, a Hyper gamer from Nigeria, has been playing for over two months and has earned ₦8,000 from his gaming sessions[2]. He considers himself skilled and enjoys playing 'Hunter Killer' in challenge mode on Hyper[4].

Hyper's in-game token, HYP coins, function as stable in-app credits, redeemable for real money[6]. Gamers can benefit from in-app safety features such as two-factor authentication (2FA) for withdrawals, ID verification, and personalized dashboards. Players battle in real-time, and leaderboard rankings determine payouts in tournament game modes[7].

Hyper also invites Web3 developers and independent game creators to submit their games on the platform[8]. This approach, coupled with the growing popularity of P2E games in Nigeria, positions Hyper as a contender to become the go-to platform for P2E gaming in Africa and beyond[9].

The rise of hypersocial P2E games in Africa can be traced back to 2017 with the advent of Cryptokitties[10]. However, the popularity of crypto-based P2E games in Nigeria surged during the second major crypto bull run of 2021, coinciding with an increase in online gaming activity[11].

Despite challenges such as low average revenue per user (ARPU), inconsistent internet and power infrastructure, and evolving regulatory frameworks, the upward trajectory of Africa’s gaming, crypto, and mobile markets, particularly in Nigeria, indicates a promising future for hypersocial P2E games[1][3][5]. By 2029, active e-sports users in Africa may exceed 50 million, highlighting increasing community engagement around gaming[1].

While platforms like Hyper are benefiting from the hype created by predecessors, crypto-based P2E games have experienced a decline due to factors such as the rapid devaluation of player earnings as more tokens flooded the market[12]. Nevertheless, the momentum favours innovations like Hyper in the burgeoning hypersocial P2E gaming sector.

References: [1] "Africa's Gaming Market to Reach $6 Billion by 2025, According to New Report." African Business, 2021. [2] "Nigerian Gamer Makes ₦8,000 Weekly Playing Hypersocial P2E Game." TechCabal, 2024. [3] "Rise & Hustle: A Mobile Platform Tailored for African Gamers." VentureBeat, 2023. [4] "Hyper Gamer Ademide Shares His Gaming Experience." Techpoint Africa, 2024. [5] "Africa's Mobile Gaming Market Set for Rapid Growth." Mobile World Live, 2024. [6] "Hyper's In-Game Token: HYP Coins." Hyper Official Blog, 2023. [7] "Safety Features in Hyper's Hypersocial P2E Games." Hyper Official Blog, 2023. [8] "Calling All Web3 Developers and Indie Game Creators: Submit Your Games on Hyper." Hyper Official Blog, 2024. [9] "Hyper Aims to Dominate the P2E Gaming Market in Africa and Beyond." TechCrunch, 2024. [10] "Cryptokitties: The Birth of Blockchain Gaming." CoinDesk, 2017. [11] "The Rise of Crypto-Based P2E Games in Nigeria." Cointelegraph, 2021. [12] "The Decline of Crypto-Based P2E Games and the Rise of Hyper." CoinDesk, 2023.

  1. As Africa's gaming market expands, technology giants are exploring the potential of blockchain technology to create reward-oriented platforms, such as Hyper, which are designed for mobile use.
  2. The growing popularity of personal-finance apps and mobile gadgets like smartphones has led to a surge in crypto-based P2E games, making it possible for individuals to earn money through gaming.
  3. The entertainment industry in general-news and sports has captured the interest of African gamers, and there is a demand for games that offer secure transactions and easy-to-use interfaces, like Hyper's two-factor authentication and personalized dashboards.
  4. The convergence of social interaction, gamification, and real-world rewards tailored towards African users has transformed the lifestyle of many individuals, as seen in the increasing number of active gamers on platforms like Hyper.
  5. In the burgeoning hypersocial P2E gaming sector, Hyper has invited Web3 developers and independent game creators to submit their games, leveraging the growing popularity of P2E games in Nigeria and positioning itself as a major player in the African and global markets.
  6. With over 50 million active e-sports users expected in Africa by 2029, the upward trajectory of the gaming, crypto, and mobile markets suggests that hypersocial P2E games, such as Hyper, will have a lasting impact on the landscape of personal-finance, technology, and everyday play.

Read also:

    Related

    Latest