The inevitable growth of the gaming market over the last few decades has also brought a significant evolution in business models and the way we play. The paradigm shift from web2 to web3 will unlock ownership of the gaming ecosystem creating new business models and opportunities as never seen before. Game developers are building decentralized worlds with the help of their engaged communities and gamers, creators, and contributors are monetizing their fun and their time-spent playing by discovering, collecting, and trading their digital assets.
Work and gaming
While still early, we believe that web3 gaming adoption will happen much faster in emerging markets, where automation is taking over traditional career paths for many youths. The new age of work is online, and people are required to reskill in order to take advantage of new economic opportunities. For creators and online communities, there has never been a digital direct-to-consumer offering. Influencers, esports, and sports teams have always relied on sponsorship and offline revenue streams where only the top 1% are able to make comfortable earnings. Web3 unlocks ownership of the internet, and when applied to gaming’s ecosystem this creates entirely new markets around ownership of assets, progression, and identities.
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