{"id":197872,"date":"2021-11-08T05:00:22","date_gmt":"2021-11-07T23:30:22","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=197872"},"modified":"2021-11-07T16:52:54","modified_gmt":"2021-11-07T11:22:54","slug":"crypto-gaming-nfts-web3-expected-to-onboard-the-next-billion-users-into-crypto","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/crypto-gaming-nfts-web3-expected-to-onboard-the-next-billion-users-into-crypto\/","title":{"rendered":"Crypto gaming, NFTs, Web3 expected to onboard the next billion users into crypto?"},"content":{"rendered":"

Here’s one way to bring the next billion users in the crypto sector: Crypto gaming + NFTs + Web3.<\/p>\n

Let’s talk about the recent boom in the gaming aspect. DappRadar, an\u00a0analytics platform\u00a0showed a boom in crypto gaming<\/a>. Last month\u00a0saw blockchain games make up the majority of activity in the Dapp industry. Around 55% of unique active wallets<\/a> (UAW) totaling 1.19 million users interacted with gaming dapps over the past month.<\/p>\n

Blockchain games such as Sky Mavis\u2019 Axie Infinity account for more than half of all blockchain gaming users. And it is expected to grow further too. Especially with a similar rise in the Non-fungible token (NFT) sector as well.<\/p>\n

Sam Bankman-Fried (SBF), the FTX\u00a0CEO reiterated the same optimism<\/a> at the Bloomberg Financial Innovation Summit. Here’s the main narrative: Gaming NFT May Push Crypto Into Mainstream<\/p>\n

Crypto segment NFT has shown explosive growth in the past year – that’s a fact. This coupled with the gaming boom is becoming more and more popular.<\/p>\n

Whether it\u2019s integrating NFTs with video games, ticketing for venues, events or teams, Bankman-Fried thinks the industry activity makes \u201ca ton of sense\u201d as a product. Additionally, it can serve as a pretty clean innovation layer to add on top of the existing structures, he said.<\/p>\n

The billionaire also added:<\/p>\n

“So when you hear about top-tier gaming publishers looking to introduce crypto into their system, I’m pretty bullish on that.”<\/p><\/blockquote>\n

However, there’s a big difference between crypto companies trying to make a game and gaming companies trying to introduce crypto into their games. The tweet attached below highlighted the same narrative.<\/p>\n

\n

On crypto gaming, "I think you're going to see a big difference between crypto companies trying to make a game, and gaming companies trying to introduce crypto. Frankly, it's hard to make an engaging video game." @FTX_Official<\/a> @SBF_FTX<\/a> tells @TheStalwart<\/a> #FinInnovationSummit<\/a> pic.twitter.com\/aU22gcxdWf<\/a><\/p>\n

— Bloomberg Live (@BloombergLive) November 5, 2021<\/a><\/p><\/blockquote>\n