Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Blockchain technology is causing massive disruption in the gaming space. For the first time and as a direct result of the blockchain, games can be built with transparent, trustworthy and decentralized economies.
These so-called “crypto games”, a dynamic new niche within the gaming space, are making waves, given that many offer normal, non-professional players a viable way to generate income.
According to a recent survey of game developers commissioned by blockchain entertainment firm Coda Labs, 75% of developers expect to work on web3 projects in the future and more than half think that web3 will revolutionize the gaming industry.
The CEO of Coda Labs commented that the survey “shows that a majority of developers have already dipped their toes into Web3 game development, driven by benefits such as additional funding, new revenue streams, and player retention”.
These new games with cryptocurrency and digital assets like non-fungible tokens (NFTs) at their core are transforming ideas around utilizing play-to-earn (P2E) to improve player retention, as well as on how to attract new users. And games like Calvaria: Duels of Eternity, are leading the charge.
Calvaria is a P2E, afterlife-themed crypto collectible battle cards game that seeks to bring crypto gaming into the mainstream by tapping into a huge, existing market – the market for physical battle card games (think viral sensations of the past like Pokemon and Yu-Gi-Oh).
And with the crypto gaming space expected to grow from $4.6 billion in size in 2022 to $65.7 billion in size by 2027, according to an analysis by Markets and Markets,
Read more on cryptonews.com