NFT gaming proposition in question as regulators and traditional gaming pullback
The NFT gaming market is growing by leaps and bounds as gaming regulatory bodies and traditional gaming corporations shun the ecosystem. The gaming industry is a multi-billionaire dollar market traditionally dominated by giant corporations like Atari, Sony, Microsoft and Nintendo, among others. Throughout their history, these major firms have aimed to provide entertaining gaming experiences to attract new players and expand their market share.However, nonfungible tokens (NFTs) are attempting to give gamers a financial incentive for playing games in the form of NFTs, in addition to....
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Gaming has become an integral part of our daily lives worldwide. The gaming industry is raking in billions of dollars year after year, attesting to its profitability and widespread adoption. According to Statista, more than 3.24 billion gamers worldwide were actively or passively involved in gaming last year. Despite the massive size of the gaming industry, gamers have expressed concerns about the traditional model of gaming, which is the “pay-to-win” model. Traditional gaming requires players to acquire in-game assets to rank up and achieve particular goals, which can strain....
Griffin Gaming Partners, a venture capital firm specializing in gaming-related investments, has revealed the launch of its second gaming-related fund. The fund, which was reportedly oversubscribed, managed to raise $750 million to support gaming initiatives, including Web3-based and blockchain endeavors. Griffin Gaming Partners has now amassed more than $1 billion AUM.
Griffin Gaming Partners Raises Sizable Gaming-Related Fund
Griffin Gaming Partners has announced the launch of its second gaming-related fund, which will focus on investing in seed and growth rounds of companies....
PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse. Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, is announcing the launch of the first-ever decentralized exchange (DEX) purpose-built for gaming tokens, VulcanDEX. The DEX will allow users of the gaming platform to trade any gaming token without the need to register. Players will then be able to use their newly acquired tokens in their respective game. Users will also be able to stake gaming....
Gaming is gradually receiving attention in the crypto space. The use of blockchain in developing some gaming platforms is increasing as more people now embrace virtual assets. Also, non-fungible tokens (NFTs) have been acting as the catalyst for accelerating users’ engagement in virtual gaming. While considering the trend in the gaming industry, which tilts toward […]
Crypto exchange FTX has decided to start a new gaming unit. FTX Gaming intends to offer a ‘crypto-as-a-service’ platform, this in return will help gaming companies to introduce and launch their tokens and even offer support for non-fungible tokens. FTX Gaming through this new introduction would be encouraging a merger between the crypto and gaming […]