The Future Of Blockchain Gaming

Traditional ways of making money have been obliterated. It is not uncommon to hear stories where a 13-year-old is making more money than his own parents, pulling in more than $100,000 per year! Blockchain Gaming is basically blockchain components into a o line game that allows players to buy, sell, or trading cryptos or NTFs on the game ecosystem and the game publisher makes earn from the transaction fees between the create and the player. For example, someone can play a play-to-earn game where the player earns cryptocurrency or NFT assets as an incentive for playing a game such as Decentraland, Axie Infinity, Alien World, My Defi Pets, and Start Atlas. The industry has made it possible for some users to make a live through their earns, creator you own game, and more fun for all players.

The GameFi industry has a market cap of around $55.38B as of February 2022 and Blockchain Industry is said to scale to $50b by 2025 or 10X growth as per Crypto.com articles. This means that the industry has a lot of potentials for the coming years and attract more large investment and pull new players into the environment where they can make, earn, and own asset. The potential for growth is certain and the attraction for corporate investments and loyal users are set to increase, indefinitely.

In December 2017 a CryptoKitties virtual pet called Dragon sold for $2.3 millions or 600 EHT at the time. This suggest that players, collectors, speculators like investors are willing pay huge amount money for an NFT.

Currently number one game on DappRadar.com is Alien World which is an decentralise NFT game that runs on the wax blockchain. The purpose of the game is to capture NFT alien species to mine or find items that can be used in the game. The players can mint the alien NFT by exploring different planets extracting the resources which will be used to improve game experience or accumulate TLM or Trillium, which is the native in-game cryptocurrency, and compete in missions to be able to acquire new items. It is also one of the top 10 Blockchain game being played online. Its play-to-earn popularity rose in 2021, because of its earning opportunity.

Blockchain gaming empower you with ownership over your digit assets unlike other Roblox gaming ecosystem, which is Metaverse game that does not run on a blockchain or have blockchain components, but does have their own gaming currency that does not work outside their gaming ecosystem unlike Sandbox that has SAND cryptocurrency and Decentralande that has MANA cryptocurrency which can be use in the in-world game has currencies, holds real digital value, and the NFT assets build on their gaming platforms can be move to Opensea, Rareble, and other marketplaces to be sold, hold, acquire. Their cryptocurrency is also found on all Decentralized Exchanges.

Now let’s look at Roblox which is a game where the players can learn how to program a game and have other users play their game. Roblox has about 58.7 million daily active users with an estimate revenue of about $170 to $180 million dollars in the month of September 2022 as per frontofficesports.com. The game also has it in-house currency called Robux, which users can convert really money into Robux to purchase items for avatars or for in-game items and equipment, but there their Robux is not being traded on any cryptocurrency exchanges or currently have blockchain components to move avatars on different NFT marketplaces. Although Roblox does not run on a blockchain or have any of the components it does have great earning opportunities and gaming experience for players and creators. Some in-game creators and developers have earned up to $10 millions in revenues.

Roblox is a free game to play and has a rate for 4.4 with Google Play and 4.5 from Apple Store. Please click below to visit the Roblox website.

Sandbox is a blockchain game with its own native token called SAND which is traded on crypto exchanges. It’s currently being traded @ $0.77 as of November 13, 2022, on CoinDesk.com

Sandbox decentralized community driven gaming ecosystem where creators can share and monetize on their voxel assets and gaming experience which run on the Ethereum blockchain. The ideal of the game is to have players, artist, and game designers create assets by using the Sandbox free software VoxEdit and Game Maker which can be used to build an Art Gallery, Dioramas, or Games and have them viewed or played by others and earning the developer or the creator passive income.

One of the most expensive Sandbox NFT asset ever sold by a development company Republic Realm sold for 149 ETH, which at the time was $650,000 USD in 2021 on Opensea.io. A mega yacht called the Metaflower Super Yacht which has two inside nightclubs, 2 helicopter landing areas, an outside pool, and other luxury amenities.

You can now view the NFT Metaflower Super Yacht and art collections on Opensea.oi

Another popular blockchain game called Decentraland, which is another metaverse virtual game running on the Polygon blockchain and has it own native cryptocurrency called “MANA”. The virtual world has its own DAO or Decentralize Autonomous Organisation, which is run by voters from its community. They decide what wearables are acceptable, the new features that are allowed to be used on the virtual lands and more.

The Decentraland DOA own most of its smart contract and assets which make up the game. For example, Land Contracts, Estates Contracts, content servers, and the marketplace.

It also owns most of the MANA which allows it to be autonomous and subsidize operations and initiatives throughout the game. This allows the community to propose and vote on any update on the policies on the changes being made to the virtual world. The vote takes places on Decentraland DAO’s governance interface.

A Decentraland parcel of land named “Indie Village” sold for 1.3 million MANA Tokens which equates to $913,000 USD in June 2021 and in November of that same year a fashion street in the game sold for 618,000 MANA tokens or $2.4 millions USD, which was bought to be use as a fashion and e-commerce hub. So, this is just to show that investor are anticipating they will be a growing number of users that will be interacting in the virtual world and will want to purchase items for their avatars and for other virtual experiences like concerts, in-games players, or business.

Blockchain gaming has also move to online crypto sport betting. One of those games is called SX Bet. SX Bet is a crypto sport betting platform running on the Ethereum blockchain and built on the Sport X smart-contract protocol where wages are made by peer-to-peer, which removes the middleman from the transaction.

The platform was built to make peer-to-peer trading on sporting and political events more honest and transparent. The objective is to have cryptocurrency and smart contract brought to mainstream. If someone want to wage on a game for instant like matches between two rival hockey teams by transferring their crypto to their wallet on the platform. There is no holds or deposit amount required. When the games end and the winner is declared, the payment is instantly transferred to the winner wallet, mean the system does require verification before paying out the wager.

The player can wage on different markets for example MMA, Boxing, Hockey, Tennis, Baseball, Football, Soccer, crypto, or politics. On the SX Bet platform you can see upcoming events, listen in to the podcast channel, go on their analytics page to look at the data, and participate in tournaments which you can earn up to $10,000. SX Bet also has its own token which can be found on certain exchanges under SX Network or under the ticker “SX”. As of November 15, 2022, is it currently trading on Coin Gecko @ $0.20 with a market cap of $ 64.3 million.

The token provides more value from being trade and benefiting from price movement. It also allows holders voting rights on the parameters of the Sport X smart contracts through the SX User platform. The token can also be stake for a lockup period where the holder receiver staking reward and it is also how holders participate in the governance voting process, but during the lockup period the holders gives up their liquidity. The holders of SX also receives discount on the exchange fees depending on the balance of the staking percentage.

The site allows the users to wage with ETH, DAI, and USDC. You can connect your MetaMask wallet safely or use MoonPay to purchase these tokens to place Your wages. If you are into sport betting and crypto and wish to try something new, please go to the link below.

By allowing you to create new items and governing the game ecosystem to enhance the player in-game experience adds value to the gaming industry as gaming publisher earn through the transaction fees, the players can purchase the game currency and to invest on some of the thing they would like to have ownership of. It also helps with the you learn how to code and developpe and built a business by using the software. The play time growth increase by having other players and developers invite family, friends, and other players to play their game and purchase their NFT items, which provides exposure to the gaming industries, but also to crypto and blockchain technology, WEB3, and Metaverse interaction and conversation.

Blockchain gaming is set to increase in user growth and in-game revenues. This is an opportunity of individual and business to take part of the evaluation of blockchain technology in gaming by getting involve with building in-game user experience or creating NFT accessories, avatars, in game e-commerce and learn more about their customers player base.

Hope you enjoy this blog. feel free to leave a message. I just want to conclude by saying that I think Blockchain Technology is revolutionizing all aspect of industry through business, supply chain, real estate, health, finance, and governance. Some would disagree whit my thought, but everyone allowed to their own opinion. Right now, the technology is still relatively new and will require lots of people to help with building and developing the technology behind blockchain. So, if you think that you have what it takes to help grow this technology or your thinking of charging career, then this would be a great opportunity for you to go to my resources page to find how you can learn more by click of the courses link

By allowing the players to create new items and governing the game ecosystem to enhance the player in-game experience adds value to the game industry as gaming publisher earn through the transaction fees, players purchasing game currency, and user have ownership of the digital assets. It also helps with the player growth increase by having other players and developers invite family, friends, and other players to play their game and purchase their NFT items.

Hope you enjoy this blog. feel free to leave a message. I just want to conclude by saying that I think Blockchain Technology is revolutionizing all aspect of industry through business, supply chain, real estate, health, finance, and governance. Some would disagree whit my thought, but everyone allowed to their own opinion. Right now, the technology is still relatively new and will require lots of people to help with building and developing the technology behind blockchain. So, if you think that you have what it takes to help grow this technology or your thinking of charging career, than this would be a great opportunity for you to go to my resources page to find how you can learn more by click of the courses link