Crypto Games, a Market in the Making of Its Own Fortune

Publicado en by Cointele | Publicado en

Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike.

In 2020 new games backed by different technologies are starting to emerge.

The rise of NFTs in games2019 was a turning point in crypto being accepted into the gaming community, and there were several reasons for this.

First of all, after the success of CryptoKitties and Gods Unchained, other collectible games have gained popularity, such as Decenterland, Spells of Genesis, Rare Pepe, 0xUniverse and others.

The main one is the interest of global companies in blockchain games.

Another project of Microsoft is a blockchain-based card game in collaboration with large game developer Eidos and game book maker Fabled Lands.

A couple of months later, an anonymous buyer paid more than $100,000 for a unique car in the F1 Delta Time game.2019 was also quite a successful year for NFT games because many projects - seeing the success of CryptoKitties - took an attractive idea and developed and improved upon it, attracting players.

"Crypto games will never succeed if we don't increase transaction limits. Earlier this year we made some breakthroughs that allowed us to batch hundreds of transfers in single transactions. This allowed us to transfer over 3.7 million ERC-721s in a single day, over 4x more transfers than the previous all-time high, all without clogging Ethereum."

There is still the problem of lacking convenient interfaces that users often encounter with unique tokens and games.

"We'll see a few viral games launch this year that will help onboard hundreds of thousands of new mainstream users to owning their first digital asset. These players may not know at first they're trading a NFT or spending a stable token, but over time as they start earning crypto and seeing the benefits of more open and transparent ecosystems, they will be incentivized to dig deeper and explore more of the Web3 world."

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