Abstract

Over the past few decades, the gaming industry has evolved dramatically. The global gaming market was valued at USD 173.70 billion in 2020, and it is expected to surpass $300 billion over the next five years. With the effect of the Covid-19 pandemic, the gaming field has even experienced an unexpected boom. Blockchain-based play-to-earn (P2E) games have established a solid foundation for the next era of GameFi.

Game Market Overview

Although monetisation through gaming is not something new, the ownership of in-game assets can only be enhanced with blockchain technology. Unlike traditional gaming where developers retained almost all power over the experience, the play-to-earn model has put users at the centre of the entire economic engine. Leveraging blockchain technology, players have real-life financial returns that mirror real-world assets as a reward for the time and effort they put into a game.

Game Market Cap ($)

With the aim of giving new incentives for participants in blockchain-based networks, we’re determined to create a product that leverages player ownership and a truly unique community driven economy. Players must be the ones who dictate the in-game economy.