Onyx Whitepaper

Video Game Industry

From arcades in coffee shops to the first consoles and PCs, to the ultra sophisticated video games we can play today. The video game industry has come a long way. It has grown into a multibillion-dollar industry with billions of customers worldwide, and it is still expanding.
Source: https://www.pwc.com/gx/en/industries/tmt/media/outlook/outlook-perspectives.html
What we see as a big problem within the gaming industry is that there are only a few ways for players to make money by playing regular video games. Depending on your skill, a team or organization may hire you as a professional gamer. Another option would be to broadcast your gaming adventures on popular streaming services and social media, where you could earn money if a large number of people choose to watch your stream or donate money.
This made it very difficult for regular players to earn money or at least see a return on the money they had invested in order to play these games on which the gaming industry is thriving.
Another big downside is that in most cases the video games and additional contents you buy are bound to your account and can't be sold or traded at all. Which means, once you pay for such a product, the money is "lost" forever. That was, until the gaming industry met blockchain.
Business models:
Free-to-play (F2P)
Free-to-play (F2P) model describes a game available to download and play for free.
Freemium model describes a game that offers the majority of its content for free, but offers microtransactions that grant various in-game benefits.
Buy-to-play (B2P)
Buy-to-play (B2P) model describes a game that must be purchased in order to play. These games might or might not have additional microtransactions, or they might sell expansions that add new content rather than requiring a recurring subscription.
Pay-to-play (P2P)
Pay-to-play (P2P) model describes a game that requires a recurring fee to play. In addition to the recurring fee, the game may also need to be bought upfront.
Play-to-earn (P2E)
Play-to-earn (P2E) model describes a game for players that are focused on earning cryptocurrency. Usually, P2E require players to own certain blockchain assets in order to be eligible to earn rewards with real value. The main benefit of P2E model is granting players the ability to buy, sell or trade their in-game assets.
Play-and-earn (P&E)
Play-and-earn (P&E) model describes a game very similar to a play-to-earn (P2E) game, but with the main focus on quality gameplay, rather than repetitive model of a P2E game.
Onyx Games follows a Play-and-earn business model.

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