Cryptocurrency news

Blockchain Gaming Investment Explodes

The blockchain gaming space could be on the verge of explosive development in 2022, as investors line up behind startups and major developers begin to build teams.

The fourth quarter saw tremendous growth in the relatively new blockchain and NFT-centric gaming space, with hundreds of millions of capital flowing to new businesses.

Forte caused a stir this week, which is developing a blockchain development platform to boost the creation of new games. This week, he announced that he had raised a $ 725 million Series B led by Sea Capital and Kora Management, and backed by a group of well-known crypto backers.

It comes a month after Sky Mavis, creator of Axie Infinity, announced a $ 152 million raise that valued the group at $ 3 billion. Axie Infinity has made over $ 3 billion in sales and claims over 2 million active users.

All of this has caught the attention of many giants of traditional gaming. Over the past few weeks, Electronic Arts, Square Enix, and Ubisoft have all announced plans to embark on winning games and NFTs and have each started hiring to fulfill plans for the project.

And it’s not just video games that are going digital. Hasbro, owner of the Magic: The Gathering card game, has indicated that it is exploring the use of NFT with the brand.

Crypto-native card games are already popular. Parallel Alpha, which has only released some of its digital cards and does not yet have a working game, already has more than $ 150 million in sales, according to data aggregation site CryptoSlam.io.

Blockchain gaming is fundamentally different from most other gaming companies because of the way it approaches ownership. Here’s how the Zipmex exchange put it:

“Blockchain gaming gives players full control over the digital assets they earn or acquire through their participation in the games. Even if players pay real money for their digital assets in traditional games, they will no longer have access to them if the server is down. Game money and assets would remain the property of the publisher or developer.

Meanwhile, blockchain game players retain full ownership of their digital assets, allowing them to trade them freely with other players, sell them for real money, and potentially use them across many universes. of game.

The blockchain gaming space could be on the verge of explosive development in 2022, as investors line up behind startups and major developers begin to build teams.

The fourth quarter saw tremendous growth in the relatively new blockchain and NFT-centric gaming space, with hundreds of millions of capital flowing to new businesses. Subscribe for the full article

Access our exclusive content


Source link