The new intersection of passions and blockchain -- gaming, crypto, and traditional worlds where gamers bought skins, lost them to games, and spent hours online without any tangible results.
Evolution of gaming
OPSkins, an early blockchain user, recognized the need for true ownership of digital goods. This was later realized in the WAX platform, which provides a full-on service to nonfungible tokens (NFTs), such as collectibles, graphic arts, and items that can be used within games or across platforms.
Splinterlands was the first to use the HIVE blockchain (previously Steemit), and has since expanded into digital land ownership. Upland, Uplift World, and Uplift World also use the gamification model. NFTs are used to secure digital land ownership. They also transfer value between players (often in the form rents or monopoly style).
Also, lockdown facilitated change. The popular blockchain game Axie Infinity was created in the Philippines. Many people were forced to live on the streets in a country lacking a social safety net. This Vietnamese game is built on Ethereum ( ETH). It allows players to create, raise, battle, and trade digital Axies.
It allowed players to earn tokens. While not large sums of money, they provided an income source for many players, ranging from students to grandparents.
The world is actually upside down. On Yavin of Cointelligence is a veteran crypto guardian who was a former gamer. He said, "If my 12-year old son doesn't spend enough time playing, I give up on his." This joke is not meant to be serious, but it's clear that being a gamer as well as a successful member in society are not mutually exclusive.
Frontiers of possibility
The gaming industry market value reached $159.3 billion in 2020. There are more than 2.7 billion gamers worldwide. These figures show an increase in spending and demand with 2.81 billion gamers worldwide and a market worth $189.3billion.
The gaming industry has seen a revaluation. While gaming has been profitable for many years for publishers and developers, the public has not had the opportunity to reap the benefits. The building of games could also make a profit if playing games is profitable. In the game industry, the new concept of initial game offering (IGO), has emerged. It's the newest version of initial coin offering (ICO), which Seedify is one of the first to adopt this concept.
Seedify is a "blockchain-focused incubator and launchpad ecosystem that empowers innovators and project designers through access to funding, community building, partnership building, and a full support network to help drive the future in gaming and blockchain."
This platform uses blockchain technology to bring gamers together and create a popular launchpad for gaming. It follows all rules with full Know Your Customer (KYC compliance), but it makes it easy to invest in new games-to-earn.
Investors purchase the native token, called SFUND, on exchanges such as Bakeryswap (Apeswap), 1inch or Kucoin(KCS). They then attach their KYC wallet to the launchpad. There are nine levels of involvement, which are determined by how many tokens an individual holds. Tier 1 is lottery-based, but all tiers have guaranteed allocations.
The actual investment process itself is very simple. The user selects the pool in which they want to invest and then clicks the buy button to purchase tokens according their maximum allocation. That's all. The token will be automatically sent to their wallet once it is listed on a DEX (decentralized exchange) according to the vesting plans.
Seedify offers a variety of projects, including Continuum World. This free-to play, earn-to-earn, online game that combines MMO (Massively Multiplayer Online), farming, and more.
Players will have the option to purchase land and become part of the new world. Players will be able add resources and buildings to increase their land's earning potential. To explore the world, energy is required. Solar panels and power-generating windmills are available for exploration. Also, vegetable and fish farms will be available for the Umi to feed them.
NFT tokens that use the ERC-721 standard for land are NFT tokens. This asset is rare and will have a limited supply. The game is from Playchain PTE, a well-known game company in Singapore. It was launched on Oct. 1.
IGOs are rapidly growing due to the popularity of blockchain gaming. If a gaming project launches successfully on a crypto exchange, or gains popularity within the gaming community, investors can expect a substantial return on their investment (ROI).
On the Seedify Launchpad, the IGO for Cryptoblades Kingdoms (one of the most anticipated blockchain gaming projects), is also available on September 28. Cryptoblades Kingdoms, a strategy-based land-building MMORPG metaverse, was incubated by Seedify. It was developed by the highly-profile Cryptoblades Team. Cryptoblades Kingdoms is a game-based strategy game that was built with AAA game features.
The Cryptoblades Kingdoms metaverse features lands, buildings, and guilds. Both blockchain gamers as well as non-blockchain gamers alike will enjoy new gameplay modes like raid mechanisms, PvP and dungeons.
Alien Worlds is currently the largest by number of users. However, Axie Infinity leads in terms of sales with more than $1.1 million recorded so far this fiscal year. This is undoubtedly one the most hot spots in crypto, despite the fact that all investments should be done with due diligence and not exceed the amount the investor can afford to lose.