Coin Bureau Looks Into GameFi And Predicts A Bright Future For It
According to Guy, the host of a popular Coin Bureau crypto YouTube channel, an emerging crypto sector GameFi sector is ready to reward the efforts of billions of users globally.
In a recent update, Guy shred with the 1.9 million subscribers to Coin Bureau’s YouTube channel that he is closely following GameFi, a growing sector of the crypto market which provides a digital asset platform for gamers to earn crypto assets and non-fungible tokens (NFTs) through playing a game.
GameFi is changing the way how gamers are being rewarded to invest their time playing a game, Guy highlights.
“In-game NFTs are revolutionizing the way players engage with their time spent in the virtual domain. This is done by allowing them to leverage a new and alternative paradigm of economic propositions fueled by digital asset ownership and in-game NFTs.”
The analyst is especially optimistic about the potential of early adopters in the play-to-earn game space, such as Axie Infinity (AXS), The Sandbox (SAND) and Decentraland (MANA).
“I think GameFi embodies one of the most exciting and leading-edge ecosystems in the blockchain space at the moment, and I foresee an incredibly bright future for some play-to-earn games, especially those with first-mover advantage like Axie, the Sandbox. Decentraland and a plethora of others.”
According to Guy it’s not just incentivizing time spent in games, but in a bigger picture view, GameFi could also push the mainstream adoption of crypto and the underlying blockchain technology.
“The more than 2.7 billion active gamers worldwide are already pretty familiar with scarce digital items and the tokenization of in-game assets. Play-to-earn structures can empower these gamers in a way that has clear financial benefits. Therefore, I find it rather difficult to imagine that GameFi isn’t destined in some shape or form to take increasingly bigger bites out of that lucrative global gaming market…
Given the ultimate success of play-to-earn games such as Axie Infinity as well as the number of innovative blockchain games currently being developed, it’s clear that the GameFi ecosystem has a bright future ahead of it and while it remains quite complex to predict how this future will unfold, I do remain bullish on the GameFi sphere as a whole.”
