Now that the bull market has returned, I need to find the best crypto area to invest in. Anyone with as much experience in the crypto space as I do would know that a mediocre project in a hot market performs better than an excellent one in a cold market. My goal is to maximize my earnings, therefore I’m exploring every possible avenue.
Blockchain gaming is the topic we’ll be covering today. I will outline the pros and cons, suggest some projects to invest in, and compare it to other sectors. We’ll begin with the positives, the justifications for blockchain gaming initiatives.
To start, this region has a lot of shown interest. Every day, 2.8 million individuals were playing Axi Infiniti when the market was at its peak. Incredible, because those figures had never been seen in any blockchain game before. However, it is not limited to a single well-liked game. User activity is led by this section.
Blockchain gaming accounts for 35% of all cryptocurrency wallets that are active every day, according to a new analysis by Dap Radar. In comparison, sectors like DeFi and NFTs only have 24% and 12%, respectively. The fact that in-game products generated $2.3 billion during the previous major market surge is even more astounding. That, my friend, is the epitome of a perfect match between product and customer.
These figures, however, are not shocking. Gaming and cryptocurrency are complementary. Before, players didn’t have much of a voice in the development of their favorite games, couldn’t actually own the in-game objects they owned, or transfer them to other games.
Blockchain technology, however, changes the game entirely. All of that is now possible for gamers, which is enormous since gamers make up a sizable portion of the consumer market. Over three billion people across the world play video games regularly, and the industry is worth an estimated $385 billion.
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