In the cryptosphere, even games are serious business with millions of dollars at stake. NFTs help create a whole universe of investment in video games. The Sandbox (SAND) and Decentraland (LAND) may amuse traders who slumber in gamers more than gamers who sleep in traders.
250,000 USD: a trifle?
On December 6, 2020, the card pack developed by the team behind the blockchain-based video game ” Alien worlds Was out of stock.
The sale raised $ 250,000 for the 15-person team. This amount may seem insignificant when an NFT token can sell for several hundred thousand dollars and platforms like The Sandbox and Decentraland can get millions when they pre-sell.
But for a small development studio like Dacoco, this amount can make the difference between the success and failure of the project.
When investing becomes a game
According to the editor-in-chief of Play to Earn, Robert hoogendoorn, finding unfamiliar games that you can invest in early in the hope that they will be successful is very similar to crypto investing.
The resale value of in-game items and resources guaranteed by NFTs can increase dramatically if the game’s popularity increases, making it a real investment.
According to the co-founder of Alien worlds, Saro McKenna, their NFTs are different from collectible NFTs, thanks to their own characteristics that allow them to be recognized by smart contracts.
Alien worlds, which is described as “DAO and DeFi in Space”, is one of the leading titles in NFT monetization in gaming.
According to Hoogendoorn, developers who would like to take advantage of this revenue stream should understand the business model of video games to design titles in which users are willing to invest their time and money.
When video games become an adult business: NFTs are changing the rules of the game in the industry. DeFi is absorbing traditional finance, we should also see the same scenario in the gaming sector, with perhaps fewer hacks. Tokenizing Legendary Video Games Like Mario and Friends: Gold Coins Could Finally Have Real Value – as long as the dragon and the flames it spits remain virtual, it will be fine.
Litecoin, welcome in the Silver Age