When the global superstar Travis Scott live-streamed via Fortnite in April 2021, not many people knew he earned over $20 million from the over 12.3 million views the online event raked in. Understandably, gamers needed a space to vent, and Fortnite provided a perfect avenue. While the live performance was a success, it pointed to the significance of yet another growing scene founded on a decentralized, equalizing network: the Blockchain.
What if the 12.3 million viewers who virtually attended Travis event also got a share of the $20 million? This only makes sense because streamers, most of whom were gamers or looking to explore, had to expend their resources and spend time watching the rapper perform.
Fortnite is already demonstrating why the Blockchain snugly fits into the Blockchain via its free-to-play model. In this arrangement, players can play for free. However, the platform earns most of its revenue not from fees charged but from in-game assets acquired using cryptocurrencies.
Unfortunately, the present arrangement in most gaming platforms benefits the minority. Unfortunately, it leaves out the majority—who are also critical enablers. In plain words, the existing gaming modus operandi favors publishers at the expense of gamers, even further adding in-game adverts, paywalls, and more.
Although the migration of gaming development is still skewed to centralized platforms, the benefits of deploying the same on a decentralized, global, and secure Blockchain are numerous.
The Inevitable Migration, Blockchain Is Leveling the Field!
The Blockchain is proving to be a disruptive technology from recent developments– backed by impressive numbers. Bill Gates described distributed ledger technology as a technological tour de force. At the same time, Bob Greifeld of NASDAQ thinks the technology is the most significant users can think of in the next decade.
Already, there are changes in traditional finance following the popularity of decentralized finance services. There is overwhelming support for the Blockchain and the ground, as centralized gaming agents know, is squeaky. That Blockchain is beginning to turn the tables for a more equitable gamer-centric environment.
A Stratis study discovered that over 60 percent of video gaming developers already integrate Blockchain-enabled solutions like Play-to-Earn models. This is a new mechanism where active gamers are rewarded with liquid cryptocurrencies and valuable in-game items as NFTs for their participation. At the same time, the study found that 47 percent of their game developers are also fusing NFTs, which give game participants complete control of in-game assets. A revolutionary change since the typical mode of operation in traditional setups is for the publisher to create in-game assets like skins, abilities, and avatars without allowing gamers to own them.
How GG Dapp Investors and Developers Benefit?
The good news is that gamers are not new to the benefits of tokenization, a perfect tailwind to drive the adoption of Blockchain. Blockchain creates a reliable, decentralized base layer for all stakeholders.
GG Dapp is a gaming ecosystem riding on the benefits of Ethereum and smart contracts to release a rewarding system for players, developers, and investors. After activating their open beta in late December 2021, the project depends on the transparency, global reach, and equalization of the Ethereum Blockchain to support independent developers in quickly developing and actualizing their idea on their platform. At the same time, investors have reliable options of participating and diversifying their revenue streams. Investors can, for example, stake the GG Dapp’s native toke, GGTK, to receive extra rewards. At the same time, they can stake GGTK to support gaming projects, gems that can yield impressive ROI once it gains traction.