Defi Kingdoms
2023 will see the death of play-to-earn gaming
Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years. Gamers have embraced the opportunity to collect cryptocurrencies or nonfungible tokens (NFTs) that have been produced in blockchain-based games. Through the advent of this new technology, players have been able to generate income by selling in-game NFTs or earning cryptocurrency rewards, both of which can be exchanged for fiat cash. Because of this, according to data from Absolute Reports, the estimated value of the GameFi industry will grow to $2.8 billion by 2028, with a compound annual growth rate of 20.4% over the same period. But such predictions may well prove to be unfounded. Given the rate of exponential growth over recent years, one might think that there was absolutely n...
