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Planning to Invest in Blockchain Games? You Have 10 reasons to Do So

March 29, 2023

Gaming and games blockchain - Planning to Invest in Blockchain Games? You Have 10 reasons to Do So

Blockchain technology has been around for over a decade now and has the potential to revolutionize a wide variety of industries.

However, using blockchain technology in the gaming industry is a relatively new concept for many people.

Blockchain games use blockchain technology in their design and development, making them unique and potentially more valuable than traditional games. Top-notch blockchain technology gives gamers a whole new experience with some amazing features.

So, if you’re looking for a profitable investment option, take a look at these ten reasons why you should definitely invest in blockchain games.

1. Ownership and Asset Monetization

One of the most significant advantages of blockchain games is that they allow players to own and monetize their in-game assets.

In traditional games, players invest time and money to acquire in-game assets but have no ownership over them.

With blockchain games, players can own their in-game assets, which are recorded on the blockchain and become the player's property. This means players can sell, trade, or even rent out their in-game assets for profit, just like real-life properties.

2. Secured Environment

Another reason to invest money in some of the best blockchain games is that they provide the most security for your assets. In fact, blockchain has the most secure background, allowing you to keep all the money you earn from playing the game.

Thanks to the wonders of blockchain technology, you can withdraw your deposits at any time, even if the game is no longer around.

3. Decentralized System

A huge advantage of blockchain games is that they operate on a decentralized system, which is great news for investors. Traditional games are centralized, meaning all game data is stored on a central server owned and controlled by the game developer.

The centralized system in traditional AAA games often becomes vulnerable to hacking, cheating, and other forms of fraud.

Blockchain games, on the other hand, operate on a decentralized system, which is far better than traditional systems. In this new system, the game data is stored on a distributed network of nodes, making it much more secure and transparent.

4. Non-Fungible Tokens (NFTs)

The use of non-fungible tokens (NFTs) in various game assets has been one of the key features of blockchain games. The tokens used in blockchain games are unique and cannot be replicated, which makes them valuable and secure simultaneously.

Furthermore, NFTs are stored on the blockchain, so it's nearly impossible to delete or alter them under any circumstances. The effective use of NFTs is also a good reason to invest in blockchain gaming startups.

5. Transparency and Fairness

Blockchain games offer transparency and fairness to players, which is quite rare compared to traditional games. In traditional AAA games, the developers usually determine the outcome of the game, and players have to trust that the game is fair.

On the contrary, blockchain game development is based on smart contracts that are visible to everyone on the blockchain.

This allows the game to be 100% fair and transparent for all kinds of players who play these games. This also means that players can trust the game's outcome as cheating becomes virtually impossible.

6. Global Audience

Since blockchain games are run on a distributed network of computers, they can be accessed from anywhere in the world.

As a result, blockchain games are getting global exposure and attracting gamers from different countries.  This also creates a variety of built-in marketplaces where players can buy, sell, and trade in-game assets on a global scale.

7. Having a strong community

Because of the built-in marketplaces, players can easily reach out to one another and form a strong community for themselves.

This also gives a platform to dedicated players who are passionate about the game and its economy. These players can be a great asset to the blockchain gaming communities and can help to expand the industry even further.

8. New Revenue Streams

As players can truly own the assets they acquire in blockchain games, they get the opportunity to create new revenue streams.

Players can earn money in the gaming world by either being really good at the game or earning tokens by completing specific tasks that are assigned to them within the game. This means both players and developers can get financial support by trading digital assets in built-in marketplaces.

On top of it, new revenue streams from blockchain games also attract investors and open the door to endless possibilities.

9. Potential for Growth

The gaming industry is one of the largest and fastest-growing industries in the world, with billions of players worldwide. Although blockchain games are relatively new to the business, their growth potential is significantly higher than in other sectors.

According to a report by MarketsandMarkets, the blockchain gaming market is projected to grow from $56 million in 2020 to $1.6 billion by 2026. Blockchain games have a compound annual growth rate (CAGR) of 57.2%, which can potentially give significant returns in the future.

10. Early Adoption Advantage

Investing in blockchain games right now will allow you to get an early adoption advantage which can turn out to be crucial in the future. It’s because blockchain games are still a relatively new concept, and few investors know their potential.

Investing in blockchain games in the early stages could give you a head start in this emerging market. As the industry grows, you might be able to yield a significant return from your blockchain game investment.

Conclusion

Blockchain games offer you a unique and exciting investment opportunity if you’re interested in the gaming industry. As blockchain technology continues to evolve, blockchain games have the potential to be one of the most profitable sectors in the digital world.


NCFA Jan 2018 resize - Planning to Invest in Blockchain Games? You Have 10 reasons to Do SoThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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