1.1 Market Status & Trends

A significant business revolution is taking place in the gaming industry as a result of the adoption of blockchain technology. The emergence of virtual and augmented reality has not only improved user experience and made immersive experiences and increasingly lifelike virtual worlds possible, but it has also brought about changes in game business models. Those once monetized through physical games in stores have shifted to free-to-play games that generate revenue through purchases through gaming online platforms and smartphone advertising, and Steam and video games have also transformed into online services and platform services.

With 2.5 billion players and developers engaged in the global gaming market more than ten years after the launch of Bitcoin, blockchain technology is revolutionizing the gaming business. By 2023, it is anticipated to reach $200 billion. Additionally, it has shifted to support a P2E (Play-to-Earn) framework and use NFTs (Non-Fungible Token) to link individual revenue activity to real-world asset ownership. With the help of these advancements, developers now have new resources at their disposal to reimagine the in-game economy, which affects both players' and creators' gaming experiences.

This industry evolution is called Game-Fi, which establishes a revenue-linked structure a future feature that requires players should not spend money on in-game microtransactions, and where individuals' independent content can be valued and resold on secondary markets.