The possibility of earning money with video games has become the perfect opportunity for many Internet users who, in their daily search for tools that allow them to promote financial freedom, do not lose sight of this attractive option.
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The cryptocurrency market demonstrated 2022 as a hand-to-hand fight with external market conditions that have undoubtedly wreaked havoc on the digital financial market and cryptocurrency investors.
The interest in this industry remains vital; the number of dollars raised by different firms is close to 2 billion, a pretty significant sum.
Which positions GameFi as one of the sectors with the most considerable momentum within the crypto ecosystem.
What does the GameFi Sector refer to?
When talking about GameFi, reference is made to a set of games based on Blockchain technology, which uses smart contracts.
Where decentralized finance allows users to obtain rewards in digital currencies for playing and completing assigned tasks.
It is considered one of the sectors that have taken the most significant momentum after the Covid-19 pandemic was generated worldwide.
Due to social isolation, many began to use this technological tool, where growth projections were reduced to months.
Blockchain technology, in alliance with decentralized finance, created a transparent structure so that users, through compliance with the rules, can generate income and diversify financial investments.
The GameFi sector merges the video game sector (Gaming) and decentralized Finance ( DeFi ).
One of the main attractions of this industry is that the executed operations are registered and stored in the Blockchain, in addition to merging elements such as mining, staking, yield farming, and liquidity injection, to name just a few.
Blockchain Games Classification
Just as an endless number of cryptocurrency tokens have emerged, many types of blockchain-based games have also emerged.
The main characteristic is to satisfy the tastes and needs of all audiences.
The possibility that players have to acquire and store digital assets through these platforms and with the support of blockchain technology makes creating an investment portfolio much more secure.
When referring to a specific classification, blockchain games are divided into four types: Ethereum, private chain, public chain, and lianke rounds.
On the other hand, they are subdivided according to their functions and usability characteristics, managing to be classified into more than ten categories, such as Strategy category, cultivation category, location category, collection category, and role-playing games, among many others.
An alliance between the Metaverse and Play-to-Earn
Due to the substantial growth that the video game industry has had, it is almost elementary to think that this sector could lead the digital market of the future.
Where the Metaverse and Web3 will be the channels to contribute to a greater impulse of this creative way of obtaining money or storing digital assets.
The opportunities presented by the Gaming industry are not only for users as such but also generate the potential for all those developers.
Who could generate considerable profits with their creations through the greater adoption of blockchain games by the general public?
The global growth that this entertainment and financial management proposal has achieved is one of the ones with the most significant possibility of success in terms of the implementation of the Metaverse.
Users have been adapting to what this technology represents from the dynamic perspective offered by video games and more so by those applications known as Play-to-earn, leaving behind the concept of unilateral earnings only for game creators.
A concept where players not only have fun and spend money but also have the possibility of safeguarding digital assets that allow growth and timely financial management of resources that may be more complex to manage from a traditional source of income.
The estimated global growth for this sector is between 20-25% per year constantly during the following years until the Metaverse is installed.
The business model proposed by blockchain technology associated with virtual reality is a trend that does not seem to be going through any crisis or external economic, financial, or geopolitical situation; on the contrary, it looks increasingly promising in the long-term period.