The gaming industry is enormous- It's more potent than the movie and music industries combined, and it's only becoming more robust. Though it does not receive the same level of attention as the film and music industries, there are over two billion players worldwide.
Understandably, businesses do want a piece of that cake. The gaming industry has made $155 billion in 2020 alone, with most of it coming from in-game purchases, which should come as no surprise to avid gamers.
These microtransactions may swiftly build up to hundreds, thousands, or even a million dollars in some cases. Children and teens are the most vulnerable to these deceptive monetization techniques since they lack natural impulse control at this age.
A player's in-game assets, on the other hand, can never fully be theirs. They won't transfer them even if they do because the game operators own all assets, not the players.
Furthermore, in-game currencies have no value outside of the game’s scope, and all money spent is lost; if a player becomes exhausted while playing the game, the game servers go down, or their account is hacked.
The long-awaited answer to the problem outlined is blockchain-based gaming, often known as GameFi. People are growing out of the traditional DeFi mania and spending more time in play-to-earn games. Thus, the advent of blockchain into gaming was imperative.
According to a BGA report, over 883,000 wallets connected to game-related smart contracts in August, with Axe Infinity being the most popular grossing dAPP (Decentralized application) on Ethereum. This data demonstrates the rise in speculative activity in blockchain gaming, which is at an all-time high.
Does a solution exist?
GoFungibles will soon launch the first blockchain play-to-earn runner game to solve this recurrent platform. This will act as a link between standard mobile games and Crypto NFT games. The Platform's MetaRun game will have a play-to-earn system and addicting gameplay, and a competitive atmosphere to leverage talent.
After all, it is the world's first Blockchain-based P2E multiplayer runner game with complete asset ownership.
Thus, Fractionalised NFTs and in-game assets have become more accessible to the general public because of platforms like GoFungibles.
Players can effectively control their in-game assets in crypto gaming with GoFungibles’ MetaRun. It has endless potential for development and power to produce passive income by exploiting the play-to-earn mechanism.
In addition, by adding a layer of video games to the process, NFT and traditional yield farming may be made more gamified. This function encourages users to earn yield while playing video games, fulfilling every gamer's goal.
This functionality is available to GoFungibles customers who play the exclusive play-to-earn infinite mobile runner game called “MetaRun.” From within its play-to-earn game, users will earn platform tokens and NFTs. Tokens and NFTs may be sold or used to enhance your NFT characters, increasing their abilities and increasing your earning potential.
The entire game has a rich setting with plenty of interactive elements. Each level has been carefully designed to provide a distinctive visual style that is attractive. Furthermore, each level has a variety of obstacles that the characters must leap, slide or dodge over to survive.
Throughout the game levels, players can gather plenty of artifacts. These can further be merged into NFTs, which would be one of a kind. Each NFT will have its personality; some will be wearables, such as upgradeable skins (which may also be purchased in the Marketplace), while others will provide limited-time benefits.
These assets are one-of-a-kind and tamper-proof items that players may buy or acquire, use in the game, or sell in various rarities on the GoFungibles marketplace to generate passive income. This technique, known as a play-to-earn mechanism, is commonly used in Blockchain gaming.
By integrating NFTs and Blockchain in its native mobile game anchored by an assets-powered economy, GoFungibles enhances the gaming experience by emancipating gamers from the lack of control over in-game assets such as character skins and the financial economy.
Besides, In-game currency can also be utilized for several cardinal upgrades such as abilities, powers, weapons, speed, shield, etc.
Gofungibles unifies the whole in-game metaverse and vests all of those powers in the players. This integration would allow gamers to become an indestructible part of the metaverse, enticing them to return for more thanks to their wielding power.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.