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Africa raised l Fiat & Crypto plumber I Fintech | Entrepreneur | 16+Years Experience | Solutions Architect l Liquidity l TradFi I Crypto l Staking l Business Development l Strategy l Polyglot I First Principal Rule

Here's what the future of gaming looks like. I've played countless games like Diablo, Destiny, and Helldivers, all of which are loot-based games where time and effort equal rewards in the form of color-coded loot boxes (Gold = Tier 1, Purple = Tier 2, Green...etc.). Here's where it gets cool: The convergence of blockchain and gaming. Imagine every piece of loot as an NFT, hardcoded with information like how and when it was obtained, and its rarity. This extremely rare item can circulate within the publisher's ecosystem (Blizzard, EA, Ubisoft) or be sold (If permissible by the publisher) on a secondary market for real cash! A secondary market for some of these games already exists underground. If you've ever played EA Sports FUT Champs in the FC/FIFA series, you know of sites that bypass FC's in-game economy by selling FC coins and the rarest players for upwards of $700 per player. 'The global gaming market size was valued at $249.55 billion in 2022 & is anticipated to grow from $281.77 billion in 2023 to $665.77 billion by 2030' Source: https://lnkd.in/ezxjK4we In-game economies have grown to such levels that publishers are struggling to maintain control as evidenced by gamers circumventing locked-in economies. If publishers eventually embrace a more open ecosystem, royalties hardcoded on the blockchain of sales of their in-game items sold on the secondary market can be extremely lucrative. There is a commission EA FC charges every time a player is bought and sold with FC Coins but they are losing BIG in the underground marketplace. If publishers even adopt a semi-open ecosystem and allow coins to flow between their IPs such as coins purchased from NHL 24 can transfer over to FC 24 within EA's confined IPs, that would still be a move in the right direction. Incorporating blockchain in gaming is only getting started and might very well change the gaming landscape and the way games are played forever. #Gaming #Blockchain #NFT #CryptoGaming #Diablo #Destiny #Helldivers #LootBoxes #GameEconomy #FutureOfGaming #DigitalAssets #EA #Blizzard #Ubisoft #FC24 #FUTChamps #CryptoRevolution #AVAX #SOL #ETH Jor Law https://lnkd.in/e5Pttt_S

nick greenawalt (@motionbynick) on X

nick greenawalt (@motionbynick) on X

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