According to many who are actively involved in blockchain gaming, the promise of player-owned assets and circular token economies is thought to be the logical evolution of entertainment and will alter how people perceive gaming, as reported by Cryptoslate.
Anthony Yoon, the general partner at ROK Capital, is one of them. Yoon stated in an interview with CryptoSlate that he thinks blockchain is where games will go in the future, which is why his fund has sponsored a number of blockchain gaming businesses looking to enter the Korean gaming market. The fund has supported Ignite Tournaments, a mobile play-to-earn esports organiser that also functions as a streaming platform with payments in cryptocurrencies and NFTs. The ROK GameFi portfolio also includes Nine Chronicles, a fully decentralised RPG, and CyBall, a P2E blockchain game with a football theme, Cryptoslate noted.
Cryptoslate noted that the attempt of GameFi projects to compete with well-established games from larger studios is one of their most challenging obstacles. Yoon claimed that more new GameFi projects are trying to compete with AAA titles like Ubisoft or EA, practically all of which are doomed to failure.
Instead of seeking for GameFi projects to take on well-funded games, ROK Capital wants to attract established gaming studios to the blockchain industry. Blockchain gaming interests a lot of “crypto inquisitive studios,” according to Yoon.
Yoon’s home country of South Korea is the fourth-largest gaming market in the world, so even a tiny rise in GameFi usage may expand the fledgling sector to millions of consumers. For game designers, the nation is a Mecca, and the majority of them could simply shift to blockchain gaming.
Yoon thinks it will be another year before we see the full potential of the blockchain gaming sector. According to him, the industry won’t fully realise its potential and demonstrate that it is here to stay until more GameFi projects release their alphas and more AAA studios enter the market.
(With insights from Cryptoslate)
Also Read: Sato Technologies’ Fanny Philip on the impact of bear market over cryptocurrency businesses
Follow us on Twitter, Facebook, LinkedIn
Why the future of gaming will be on-chain & Latest News Update
I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was
it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be
Why the future of gaming will be on-chain & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Why the future of gaming will be on-chain & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links
Get Original Links Here🡽
Be the first to comment