The Gaming Field Grows Polygon (MATIC)

I firmly believe that there will be 3 core fundamentals that continue to fuel the crypto industry over anything else. Those being DeFi, Social media platforms aka web3 and Gaming. Notice I left the metaverse out I honestly don't see that becoming a big thing.

Gaming is one of the largest entertainment industries It ballooned in 2020, 2021 as people had extra capital to blow and from lockdowns but has shrunk a bit in 2022 which was pretty much predicted. However it's still a multi billion dollar industry and I believe it will grow even larger. Millions of dollars are spent on gaming assets in other game which you don't own, can't trade and can't really build your stacks. However web3 and crypto gaming allows for all of this and when done correctly ushers in massive growth for that game and the investment support from players.

The only other thing is it seems like maybe money spent on crypto is not tracked via the screenshot above from Statista

What's pretty crazy is actully seeing the hive blockchain get some recognition. Maybe not the best because of a falling number last month but I have a feeling next month we could very well start to overtake Polygon again based purely on Splinterlands and the land aspect which should be a massive powerhouse not only for Splinterlands the game and company but also for the hive blockchain.

As you can see polygon has had a massive jump in new players month over month increasing by well over 40,000 while Hive sadly saw a bit of a dump moving from 115k to 84k of which I have no idea how many of those were bots to be honest with you.

This also shows us what one powerful application can do for a blockchain. In this case for Polygon the major change was a new game called Hunters ON-Chain. Sadly I missed out on this as it looks like when the game first launched you could get a free mint.

Hunters on chain is a Minecraft style game with RPG elements to it.

This also starts to show us how evolved these games are starting to get. They are more live style gameplays over card deck collecting. That doesn't mean card style games are losing their place by any means however.

Overall we are starting to see rapid advancements in the gaming space and the growth of new style of games with NFT and tokenomics to them. I personally feel this "gamified" method is going to help fuel massive growth that continues to grow the crypto space over the next few years at least.

I also believe that heading into the next bull run we are going to see a combination of a lot more games, more options and even some companies launching from it and becoming mainstream titles.

What are you thoughts on the crypto gaming space?

Posted Using LeoFinance ^Beta