The owner of the popular crypto channel Coin Bureau is revealing a nascent cryptocurrency sector that he believes is positioned to reward the efforts of billions of users around the world.
In a new video, the analyst known as Guy told his 1.9 million YouTube subscribers that he is keeping a close eye on GameFi, an emerging sector of the cryptocurrency market that allows gamers to to earn digital assets such as tokens and non-fungible tokens (NFTs) for their in-game operations.
According to Guy, GameFi is changing the way gamers are incentivized to invest time in games.
“NFT in games is revolutionizing the way players interact with their time in virtual domain. This is done by allowing them to take advantage of a new and alternative model of economic proposals driven by digital asset ownership and in-game NFTs. ”
Guy says he’s particularly upbeat about the prospects of pioneering play-for-money games like Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA).
“I think GameFi embodies one of the most cutting-edge and exciting ecosystems in the blockchain space at the moment, and I foresee an incredibly bright future for a number of monetized games, in particular. are first-person advantage games like Axie, Sandbox. Decentraland and lots of others. “
Besides encouraging game time, the analyst said GameFi could also drive mainstream adoption of cryptocurrency and blockchain technology.
“Over 2.7 billion active gamers worldwide are familiar with scarce digital items and in-game content encryption. The play-for-money structure can empower these players in a way that has clear financial benefits. As such, I find it rather difficult to imagine that GameFi is not destined in some shape or form to take bigger and bigger bites from that lucrative global gaming market…
With the ultimate success of games for money like Axie Infinity as well as the number of innovative blockchain games currently in development, it is clear that the GameFi ecosystem has a bright future ahead and although It’s still quite complicated to predict what this future will unfold, I’m still bullish on GameFi globally. “
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iurii / Andy Chipus