The awareness of EOS received a huge boost in getting its name out there this week as a Chinese TV show featured a popular blockchain RPG titled Crypto Sword & Magic.
The only English-speaking business program in China, "ICS Money Talks," aired a piece with a distinct view towards the huge potential in blockchain gaming.
Tokenised gaming opens up a whole new kettle of fish for dedicated players and sophisticated traders alike. As the cryptocurrency trader, Ricky Shi explains, what was once just a hobby and bit of fun has become a lucrative new way to exchange value.
“I have spent a lot on blockchain games, more than ¥100,000 (~$14,000) but only few cryptocurrency tokens. You don't realize you paid a lot because you only need a few tokens to play a game. But those tokens can be worth more than ¥10,000 (~$1,400).”
Potential in Blockchain Gaming
Niche developers & gamers aren't the only ones making money on the emerging fad. As ICS Money Talks highlights, the multinational investment giant Tencent Holdings is "bankrolling" its own big-name games that incentivise players with rewards using blockchain technology.
But as for now, these rewards seem to be only in the form of virtual assets. The timing of this could not be more fortunate.
Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
Given the backlash from some AAA game like NBA and FIFA, a migration could be lent towards blockchain. But that being said, given that blockchain gaming is nowhere on the same level as of that of PlayStation or Xbox, it is just a dream at this point.
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!