Blockchain for Gaming: The Perfect Recipe

Blockchain- It’s the talk of the town!! Oops, sorry, the world.

And why not, as it’s being heralded by the world’s intellectuals and business leaders as the global economy disruptor? And throw in the element of gaming to blockchain and Voila – you have the perfect recipe for the next gaming revolution.

One that seriously can’t be overlooked. Well, grab your cup of coffee and sit back for an informative and relaxing read on the important stuff on this so that you’re an up-to-date gamer or investor.

Let’s start with the numbers game- the hardcore ones.

The global blockchain technology market size reached USD 3.67 billion in 2020. It is forecasted to grow at a CAGR of 82.4% from 2021 to 2028
The gaming sector is a fast-growing one. Estimated at USD 151.06 billion in 2019, it is expected to grow at a CAGR of 12.9% from 2020 to 2027.

Phew, wish you had focused on the math class in school. Anyways, you got the point- the money riding on it is huge.

Gaming and Block chaining

Gamers were one of the earliest adopters of crypto, and gaming is a significant driver of the adoption of blockchain development. With the data on both gaming and blockchain technology showing an upward trend, one can’t afford to miss it.

1. Monetize Your Gaming Passions

The future of gaming is here. You’ve always played to win. Well now enter the Blockchain and NFT game and you play, you win and Whooo YOU EARN!

Blockchain games allow you to make purchases that are rare, digital collectible assets that have real value for money.

With blockchain and NFTs, you can monetize your playing capabilities, own control over your in-game purchases or wins, and even dictate how the game evolves.

Just take a look at the process below, and you’ll get a gist of how you can use NFTs to move from Pay2Win to Play2Earn using Blockchain gaming.

2. Turn Passion into Assets

• Whenever you get stuff from the game, it becomes yours. So, if it’s a game of cards as NFTs, you quest or battle and win a collectible card- that card becomes your digital asset to repurpose as you desire, giving you total ownership over it.

• The money you make from crypto games developed by an NFT development company can have monetary value and that’s because you earn from the in-game cryptocurrency.

• You can participate in tournaments and matches, and win prize money, like the PYR cryptocurrency blockchain game which conducts tournaments for its community.

• You can trade or auction in-game collectibles and purchase them. So, if you’re playing Block babies, you can buy, sell, and trade cards with other players using the crypto PYR currency.

• You can also check out the current market price of the item in different crypto exchanges. The crypto exchange is a marketplace for NFT staking where players can exchange, trade, or auction their unique items and collectible cards.

• If you intend to sell, then do your research and charge the best prices- A no-brainer!!

• You can bring it on the Metaverse and also use it in other games running on the same blockchain.

Proof of Concept

Block Babies has made deep inroads into the NFT arena. Block babies are fuelled by blockchain technology, are decentralized, promote gamer ownership, and offer players the opportunity to monetize their NFTs.

You buy, you battle and you win the loot of the battle with the right babies in your team. Those with high rarity can fetch you a better price. There is a thriving discord community engaging in and playing the game.

Check out Block Babies- The adorable but dangerous block babies! Play cards and form your own deck. Test your skills and get the sweet victory.

The war cry has been heard. So come all ye gamers, register at www.blockbabies.world, and let the battle begin.