There are several ways in which traditional gaming is transitioning to the blockchain.
Here are some reasons why the gaming business is poised to take off:
– The gaming sector is expanding quickly. According to a recent Statista survey, 3.24 billion people worldwide are gamers.
– Blockchains enable the emergence of organic game economies. The Play-To-Earn concept has the economy set up to spread like wildfire. Blockchain technology can streamline this procedure. Blockchains are also advantageously borderless.
– Public blockchains are permissionless and accessible to everyone. Participants are welcome with a cell phone and an internet connection.
– The cost of existing technologies is compressed and collapsed by open protocols.
– Play-To-Earn may become a real career as a result of economic prospects and challenges. Millions of people are searching for side occupations to start in order to enhance their income due to rising inflation in the US and around the world. Just in the US, 4.4 million people suddenly left their jobs.
I would keep a watch on some games, including Alien Worlds and CoinFantasy, given the increase in blockchain gaming that is entering the Metaverse.
What has to happen, in your opinion, for blockchain games to gain more traction and gamers than ever before? Do you think the metaverse holds the key to blockchain gaming's potential?
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