Video games have been huge for entertainment since their creation. They have advanced greatly since the early days of video games and the original Nintendo and Atari releases. Video games have become more lifelike than ever, so the days of pixelated screens and constrained sounds are a thing of the past. Video games advance along with technology and keep improving as new technology emerges.
Blockchain technology has made another form of gaming possible but is still pretty much undervalued compared to the larger gaming industry. Metacryp Network (MTCR) and Decentraland (MANA) are two blockchain gaming projects seeking to create virtual realities known as the metaverse for gaming purposes and several other use cases.
Projects like MANA and MTCR could be a smart long-term investment decision looking at what they promise the industry, especially as the gaming industry is larger than the music and movie industries combined. According to Statista, the gaming industry made $155 billion in revenue in 2021 and expanded to $180 billion in revenue in 2021. Experts’ predictions suggest that it could be as high as $222 billion by 2024, which makes it a promising industry to look at.
With new technologies like the NFTs, and the metaverse, the blockchain gaming industry can grow fast as well. Blockchain gaming exploded in Q3 2021, and in that time, blockchain gaming projects raised over $4 billion till the end of the year. Let’s look at promising projects available:
Decentraland (MANA) is a play-to-earn metaverse-powered project on the Ethereum blockchain. Users can interact with other players in real time while exploring the 3D virtual world. The project’s objective is to make it possible for users to purchase digital plots and create custom microgames.
The metaverse is an immersive and interactive virtual 3D world made up of other 3D worlds. When Decentraland first went live in 2017, it was a simple 2D pixelated grid. A piece of land could be bought for as little as $20 back then. Properties are now being sold for thousands of dollars, and you can find real estate that goes as high as millions of dollars.
Decentraland resolves a lot of the issues that gamers encounter. Users can truly claim ownership of their digital assets through the game. Gamers used to invest time and effort in games without getting anything in return. Upgrades cost countless hours and even money that was never recouped. Play-to-earn games like Decentraland allow users to unlock these funds and use DEXs to exchange their digital assets for other cryptocurrencies like Ethereum (ETH).
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Metacryp Network is a new metaverse-focused cryptocurrency that seeks to create a safe and exciting space for users to enjoy modernized tooling in blockchain technology, metaverse, play-2-earn gaming, advanced DeFi platforms, socializing, and all things metaverse for gaming, events, and collectibles. It wants to create a virtual reality that fosters reality and solves some of the issues existing in the traditional gaming industry.
One of the main issues with centralization is the central body hangs on to almost 100% of the value that can go back to users. Blockchain technology came as a liberating platform for everyone to contribute and get back the value they contribute to the system.
Metacryp token is on presale, and it comes with several bonuses. You could use the opportunity to buy more with less. You can get almost 15% when you buy with top cryptocurrencies like BTC, ETH, BNB, SOL, USDT, etc. These juicy offers come when you make a second and third purchase. Also, you can get a 70% bonus when you buy with fiat currency of up to $3000. You can also join the referral program and make $100 for every $400 your referee spends on the presale.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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