A Wave Of New Blockchain Games Are Accelerating Mainstream Adoption Of Collec...
As the NFT market grows bigger and better with each passing day, new and innovative third-generation blockchain platforms have paved the way for the emerging blockchain gaming sector to leverage the power of non-fungible tokens (NFTs) to their full extent. Currently, the aggregate market capitalization of NFTs has crossed $63 billion, with several NFTs and collectibles tokens experiencing continuous upward price momentum. Decentraland (MANA), Gala (GALA), The Sandbox (SAND), and several other blockchain games have already set the foundation for the much-hyped “metaverse,” giving users a....
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Many blockchain games are being created and promoted as blockchain games, not great games where decentralized tech is just one element. Since 2017, dozens of projects have created games that use blockchain and nonfungible token (NFT) technology. The overall vision is inspiring and has attracted a solid base of fans and investors in equal measure. However, the industry is still in its infancy, and we have a long way to go until it achieves mainstream adoption.There are various hurdles on the path to this promised land. Some of the primary barriers are that NFT games have relied too heavily....
Polyient Games co-founder Craig Russo referred to the partnership as "a major step towards bringing mainstream adoption" to the crypto industry. Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space.In an announcement today, Polyient Games said it would be partnering with esports tournament platform Community Gaming for a $100,000 series featuring games using non-fungible tokens, or NFTs. The esports games will reportedly “function as a method of introducing mainstream gamers to the world of....
Gaming is now one of the most profitable sectors of the entertainment industry, with consumer spending in the United States growing 8% in 2021 to top $60.4 billion in revenue. Worldwide, the games market generated an estimated $180.3 billion in 2021, up 1.4%. Within that segment are the hugely popular play-to-earn blockchain-based games, which are growing at an even faster pace given their virtual standstill some two years ago. But are blockchain games good enough to compete with more mainstream titles?In its 2021 annual report, The Blockchain Game Alliance says that NFT games generated....
The first digital trading card game to utilize blockchain technology, Spells of Genesis (SoG), is receiving some good news before its mid-September launch, seeing both positive reviews from both the gaming community and the crypto world. Replayability: Spells of Genesis’ Hidden Key to the Mainstream. There has been a positive response to the game, with....
IT consulting giant Infosys believes that estimates for how long it will take blockchain technology to achieve mainstream adoption are greatly exaggerated. According to Infosys principal technology architect Peter Loop, work on blockchain applications will benefit from an accelerating pace of overall tech adoption that will soon put pressure on existing legacy financial solutions. "It’s not 10 years away. It’s years or less away. The way the pace of technology works, the way continuous integration works, these things will be integrated pretty quickly once it happens," Loop said in a new....