NFT Gamification and the Future of the Gaming Industry
NFT’s are the latest utility of blockchain technology that has taken the world by storm. This technology is disrupting various avenues from art and sports collectibles to gaming and real estate. The NFT gaming industry has particularly boomed in the past few years and is becoming the future of the gaming industry. The first time NFTs were introduced in the gaming industry was in 2017, when CryptoPunks conducted a giveaway and in Crypto Kitties video game which was one of the first NFT games. However, the success of Crypto Kitties was short-lived as it was one of the early models and lacked....
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Very few modern industries can claim a year-on-year growth rate of over 30%, especially with the global impacts of the pandemic, which stalled progress within many fields. However, one industry that’s seen incredible growth over the past 20 years and continues to do so is gaming – which currently has a total value of nearly 200 billion USD. But, when you take a step back and realize that there are 3.2 billion gamers worldwide, 2.2 billion of which actively play through their mobile devices, it’s no surprise that this industry has such high revenues. The gaming industry is an....
Blockchain and the play-to-earn gaming movement could become even more addictive in 2022 as popular game developer Zynga fleshes out its team. Hot off the news that the FarmVille and Words With Friends developer Zynga will release the first nonfungible token game this year, Zynga’s blockchain gaming aspirations are taking shape. Matt Wolf, marketing veteran with experience at Electronic Arts and Sega, is the new vice president of blockchain gaming for Zynga. He’s setting up a new team, bringing a wealth of “traditional gaming” experience to play-to-earn (P2E). In an interview with....
A16z has launched a new fund that seeks to invest $600 million in gaming experiences including Web3 and metaverse. The fund, which seeks to build the future of the gaming industry, aims to back several startups and projects in different areas including gaming studios, the intersection of gaming and consumers, and infrastructure. This move complements the investments that the VC has made in other gaming and metaverse-involved startups.
A16z Doubles Down on Gaming
Executives at a16z seem to be enticed by the intersection of metaverse, Web3, and gaming happening now in the industry.....
Blockchain gaming is going through a massive growth phase, thus revolutionizing the gaming industry in general. An Investgame report revealed that the gaming industry is witnessing a massive rise of blockchain-powered cryptocurrency games. Within the first half of 2021 alone, crypto gaming companies closed a record 24 deals, more than they did in the whole […]
The gaming industry is rapidly growing, and the emerging play-to-earn model coupled with blockchain and the Metaverse is the future. The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth $152 billion. This growth has meant that, since the introduction of Web 3.0, there has been a consistent rate at which Web 3.0 games are growing and....