The ever evolving world of Crypto & Blockchain.
For years, crowd funding has been the solution of choice for game developers who want serious and secure funding for their big ideas, and there’s still a lot of interest in the industry.
Statistics show that video games remain the most popular category in crowd funding campaigns. The $2.27 billion revenue would create 80,163 jobs.
But gaining traction and scoring points has been a challenge as the market reaches saturation and even promising brands struggle to stand out from the competition.
This is where tokenization comes in and turns players into investors.
What is tokenization
Tokenization involves converting in-game assets, such as virtual goods, characters, or currency, into digital tokens on the blockchain. These tokens represent ownership and can be bought, sold, or traded by players.
Before tokenization a significant barrier to entry for potential investors in emerging gaming projects was the minimum investment required. To make matters worse, those who contributed might not receive much incentive in return.
Benefits of Tokenization
Tokenization changes all of this by automating and controlling these processes, opening up the possibility of different ownership, meaning all financial planners can participate in projects that interest them
It is also an opportunity for developers to give backers a seat at the table, allowing them to vote on important issues that will change the course of the project in the coming months and years.
Additionally, tokenization is a business model for game creators and developers. Players become stakeholders, they are motivated to promote and be active in the sport they love, and the infrastructure increases their involvement.
For developers, it’s a community building tool that encourages player involvement.
As the head of marketing and tokenization solutions, Felix Tejland pointed out, the crowd plays a key role in bringing our most popular games to market.
“The goal proposal is just the beginning of this, creating a partnership component where early adopters can be helped to increase awareness and help sell the game.”
The future of tokenization in Gaming
Brickken one of the world`s leading tokenization platform launches Gaming Award that will give developers who want to show off their creativity the chance to promote their ideas like never before.
Successful applications get the chance to win free tokenization and a marketing package worth $10,000. The team says it offers opportunities to expose and contribute to games on a larger scale, while networking with developers and other interested parties.
Once the application process has been completed, the contestants who make it to the next round will be tasked with presenting their game at the games, opening the way to the final competition where prizes will be awarded.
With smart phones dominating games consoles, popular titles have had a golden opportunity to make a huge impact in otherwise inaccessible booming economies and now Brickken believes tokenization can deliver revenue and audience a the intervention will move to the next level.
This emerging innovation seems to be set to effect major changes in crypto, block-chain & Gaming worlds we cannot wait to see how these industry evolves.
