5 reasons why blockchain-based gaming economies are the future
Axie Infinity showed the gaming industry just a sliver of what blockchain-based gaming can achieve, and the industry is set to explode in the near future. Anyone who hasn’t been living under a rock is probably aware that the gaming industry has been on an absolute tear. It’s one of the industries that has benefited from the COVID-19 pandemic in a big way. That said, the average investor might not be aware of the following growth figures:The global gaming market is currently worth $180 billion — the fastest-growing form of entertainment globally. For reference, the global film industry is....
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“Crypto was new to me once, but once I started reading and watching, I realized that it wasn’t some passing fad — it’s here now, and will be in the future,” said Team Liquid owner and co-CEO Steve Arhancet. Team Liquid, the esports and gaming organization operating across major titles including League of Legends and Fortnite, has inked a four-year agreement with Coinbase.In a Wednesday announcement, Team Liquid said the partnership with the United States-based crypto exchange would be aimed at highlighting “the crossover between gaming and crypto-curious audiences” as well as creating new....
More paths open up for Web3 gaming as a $100 million investment fund is launched by the large blockchain venture firms Solana Ventures, Lightspeed Venture Partners, and FTX. A lot of enthusiasm surrounds the future of the GameFi industry as it grows exponentially. The fund aims to invest in “the intersection of blockchain and gaming”: technology companies, gaming studios that incorporate the Solana blockchain. Gaming could be a great gateway for Web3 to bring in “next billion users”, said one of the partners. The CEO of FTX Sam Bankman-Fried said in Tweeter that this partnership might....
Square Enix, the Japanese gaming company, is pressing on with its vision of integrating blockchain elements into its games. In a recent interview, president Yosuke Matsuda talked about the importance of user-generated content and the advantages that allowing this kind of development, as well as introducing blockchain-based self-sustained economies, might bring to the future of the gaming industry.
Square Enix to Double Down on Blockchain and Autonomous Content
Square Enix is doubling down on its business plan of including blockchain elements in its games in the not-so-distant....
Undoubtedly, Play-to-earn has dominated the industry of gaming in recent times. Several game enthusiasts, individual and institutional investors across the globe have adopted this novel approach that represents the future of gaming and decentralization. Through the widespread use of play-to-earn, vigorous and vibrant economies have led to raising billions of dollars in funding for growing projects. Aside from highly innovative projects and ever-growing communities, various factors contribute to the advancement of the P2E space with significant ones involving crowdfunding platforms.....
The bitcoin gaming company will use the funds to scale its expanding demand in partnership with multiple investors including AAA gaming studio, Square Enix.