In Nigeria, where youth unemployment rates are high, tap-to-earn games have attracted many as a potential source of income.
Since its launch on February 15, 2024, Tap swap has captured the attention of millions of users, especially in Nigeria.
Tapping the app’s central icon to mine coins has become a daily routine for many.
Viral videos show Nigerians, both young and old, constantly tapping their screens to earn coins. These coins can be converted to dollars when the token is launched.
For example, Joseph Adewale, a recent university graduate, turned to these games after struggling to find a job.
He spends several hours daily on his smartphone, earning small amounts of crypto currency.
Although he has made some money Adewale admits it is far from enough to fully support him.
However, the financial prospects of tap-to-earn games are not guaranteed. Success often depends on a combination of skill, time investment, and sometimes, upfront costs for in-game purchases.
While some players like Adewale have made modest gains, many others find the earnings to be insufficient, questioning the true potential of these games to deliver substantial wealth.
According to a report by Global Web Index, Nigeria had the highest number of addicted internet users in Africa in 2021, with the average user spending three hours and 42 minutes on social networks daily. South Africa is second.
In the same year, Nigeria ranked third globally, following the Philippines and Brazil.
Although gambling is regulated in Nigeria, there are still numerous grey areas regarding tap-to-earn games and casino operations that the government does not cover.
Industry analysts attribute the high accessibility and lack of regulations as causes for young individuals overspending in the digital gaming sector, leading to significant mental health disorders.
Put in context, Tap-to-earn games have rapidly evolved from simple entertainment to complex ecosystems promising real-world financial rewards.
These games often leverage block chain technology and crypto currency, allowing players to earn digital assets that can be converted into real money.
Enthusiasts argue that these games democratise earning opportunities, potentially making players richer through their game-play skills.
Beyond the finances, the addictive nature of tap-to-earn games has raised alarms, particularly regarding youth enthusiasts.
The constant drive to earn and the lure of potential wealth can lead to excessive screen time and gaming addiction.
As tap-to-earn games continue to gain popularity, finding a balance between enjoying the potential financial benefits and avoiding the pitfalls of addiction is crucial.
Players, especially the younger ones, need to be educated about responsible gaming practices and the realistic expectations of earning from these games.
Dr Richard Enemaku, an expert in youth development says by educating young people about the risks and realities of tap-to-earn games, they could be helped to make informed decisions and avoid potential pitfalls.
According to him, the introduction of comprehensive digital literacy programmes in schools and communities will help in that regard.
“The Nigerian government must step in with regulations to oversee tap-to-earn games.
“Ensuring these games are fair and transparent can protect players from exploitation.
“Players need to know what to expect to avoid false hopes and disappointment, clear communication about the realistic earning potential is essential”, he said.
He called for the enforcement of age restrictions and parental controls to prevent younger children from accessing potentially addictive games and safeguarding their well-being.
NAN
