Blockchain technology is changing the world, and this change is currently revolutionizing the finance and gaming sectors. In finance, it has spawned a massive $150 billion decentralized finance sector that could grow to an $800 billion industry by 2022.
Blockchain gaming has grown from a zero value market size to a $3 billion figure in 2021. It could rise to a $39.7 billion sector by 2025, taking a huge chunk of the legacy $151.1 billion revenue video game market. Why is this sector growing at neck-breaking speeds?
The intense capitalization of the legacy gaming market has spawned a lot of evil. Despite record profits, most of these companies report record employee crunch, racism, sexism, and misuse of gamer trust. As an illustration, this industry experiences massive friction in micro-transactions.
Runaway capitalization and its effect on the gaming sector
Many gaming studios have avoided micro-transactions in in-game assets, forcing players into the black market. Here, gamers are exposed to all sorts of vices including fraud, phishing, and blackmail. Some game developers allow in-game micro-transactions, but their processes are very opaque.
Many newbie gamers have spent money on purchases without the realization that their credit cards are receiving game charges. The play to win model also strengthens the deeply pocketed rather than the avid player.
Worse is that players could spend their hard-earned cash on loot boxes and receive rubbish. These lucky dip purchases function like gambling products, where younger players may not know that they are spending money on chance.
A good D2R gold stash can propel you forward through the horrific tombs of the undead, frosty wastelands, and icy caverns to the top of Mount Arreat, where Baal awaits his destruction. Eldorado’s TradeShield element keeps scammers at bay, protecting both buyer and seller interests.
On top of this, Eldorado supports cryptocurrency purchases. You can purchase a variety of in-game assets using USDT, BTC, ETH, BCH, and DOGE. All Eldorado crypto payouts are in USDT and BTC.
Blockchain technology and GameFi
Blockchain technology is the future of gaming. It can eliminate the evil that plagues this sector. Blockchain gaming supports GameFi or the play-to-earn environment that has remained elusive in the traditional video gaming environment.
Blockchain games are transforming the lives of players in areas such as the Philippines. Many gamers here depend on blockchain games such as Axie Infinity for their livelihood. Blockchain games have become so popular that gaming-related activity on crypto wallets has risen by 599% in a year.
In March 2020, there were 51,000 daily active blockchain gaming wallets users. Today, that number has ballooned to 359,284 users. These games are creating metaverses where gamers not only work but earn. Here they can spend their fortunes as well.
Blockchain gaming levels the playing field, creating a free and open market. It gets rid of malignant capitalism in gaming, helping developers operate not from a place of fear or control as is rampant in the current video gaming ecosystem. It can transform the game creation environment into one that embraces imagination, freedom, and sustainability.