#SIDECHAIN STUDIO ONE 3 DRIVERS#

Popular games, like Fortnite, DOTA, Call of Duty, and Roblox have found a real market for these cosmetic articles. In-game items that are used to enhance the playing experience generated $40B, which accounts for 25% of the traditional game industry global revenue. For example, blockchain games like Decentraland or The Sandbox, have virtual lands to build on top of, NFTs that will be used for battles and other types of activities, and virtual pets or any other item that does not necessarily serve any purpose in the game mechanics. Blockchain game NFTs include virtual land within the games, in-game items, and collectibles associated with the game. This constitutes the main distinction with traditional games. Splinterlands trading cards Source: Splinterlands The ownership is recorded in an immutable, accessible, distributed and decentralized ledger called blockchain. An NFT is the tokenized representation of a digital asset that inherently transfers its ownership to the wallet holding it. Simply, by unleashing Non Fungible Tokens, NFTs. Creating new micro economies in the process.

Here, players go from consumers, to real owners, that not only decide the future of their game stories, but they can fully control their in-game items beyond a single game itself. Blockchain transforms games that follow a Web 2 approach, to a decentralized Web 3 type. One where gamers around the world are able to generate monetary value doing what they love, playing games. And it is no different with games.Д«lockchain-based games are sowing the seeds of a new micro-economy. This technology has the potential to transform any industry if the use case is applied correctly. It enables individuals to transact securely among peers without recurring to a third party, while also proving the ownership of the underlying asset.

#SIDECHAIN STUDIO ONE 3 DRIVERS#

But what exactly is play-to-earn? What were the main drivers behind the surge of this latest trend in the game sector? And, where is the blockchain game industry heading?Д«lockchain is one of the most disruptive technologies created in the last decades. Especially with intriguing concepts like the metaverse gaining visibility across mainstream media. It finally seems that people have started to realize the potential behind the combination of games with blockchain technologies. Even though the number of UAW is an on-chain metric that does not necessarily translate into users 1, there is enough evidence that supports a growth in the demand. When compared to Q2, the game-connected unique active wallets (UAW) increased in 25%, and an impressive 509% year-over-year. The number of accounts or wallets connected to blockchain games reached 754,000. Since May 2021, blockchain-based games have enjoyed a significant amount of success. However, thanks to the play-to-earn movement, that scenario is not far from reality. Generating income while playing a game sounds like a utopia for most of us.

Sidechain studio one 3