How crypto and gaming came together
We operate in two worlds. In the middle of two industries that most see as separate.
Yet they aren’t.
Gaming and crypto were meant to be together.
These are two industries built for and by their communities, with scenes populated by some great companies that favor transparency, sharing, and openness. When they meet, if things are done right, you are sure to find greatness.
And we are doing it right.
So let’s take a look at this very special relationship between blockchain and videogames, crypto and gaming. It’s a whole world, growing all around us.
Videogames are massive
One thing people always underestimate is just how big the videogame industry is. The numbers vary according to the source, but Statista places it at about 140 Billion USD. That’s significantly more than the 116 Billion USD of the entire movie industry, which was highly affected by the pandemic.
What was once a smallish market, dominated by aficionados and early adopters, has now become an entirely mainstream business, with everyone from your dad to your grandma (that’s a thing, check out this badass grandma gamer profile) playing something or other, online or offline, on consoles, PCs, phones, tablets, or pretty much every other device.
The industry is estimated to grow a whole lot more in the near future, with some aiming at a valuation of almost 300 Billion USD worldwide in the next five years.
One of the big drivers of that future growth? Mobile will continue to play a role but crypto and blockchain may come next.
Some games only make sense on the blockchain
They are all massive gaming ecosystems that have made the news around the world for different reasons. Axie Infinity in particular is exploding right now, even in a tough market.
The basis for any of these games is tokenization. They rely on blockchain technology to allow gamers to outright own parts of the game. Whether you’re getting little creatures to play with (such as in Axie) or pieces of land in a meta version of New York (such as in Upland), the true appeal of the game relies not only on the act of playing, but also on knowing that your achievements actually belong to you, and can’t be taken away by the gaming company going out of business or simply deciding to ban you. Gamerscores as we know them are being replaced by achievements that you can actually own and utilize as you see fit.
Companies are exploring interoperability functions as well, which would allow you to use NFTs and collectibles from one game in different games, vastly expanding the potential. Can you imagine finding a sword in an MMORPG and then using it to equip your character in a fighting game?
That could be in the cards.
Companies are cooperating
Of course, blockchain-based games aren’t the full extent of this. They are quite new, of course, and there are some major players in both these markets that are quite unafraid to explore the potential for these partnerships.
Let’s look at Coinbase, for example.
Coinbase is a crypto exchange that went public in April 2021. Do you remember the valuation?
Coinbase is, without a doubt, one of the biggest and most impressive names in crypto. And they are paying attention to gaming. Coinbase has entered the eSports business by sponsoring the biggest CS:GO tournament organiser on the planet, BLAST Premier.
This means one of the great eSport tournaments in the world (over 100 million viewers) will now feature the branding of one of the biggest crypto exchanges.
And this is not an isolated example.
Team SoloMid (or TSM), a name that will be instantly recognised by all players and fans of League of Legends, has recently changed their name. Now they will be known as TSM FTX, because they have signed a sponsorship deal worth hundreds of millions of dollars with FTX Trading, a crypto derivatives exchange.
There are so many examples out there of this kind of synergies. BLAST Premier are partnering with Bondly to create CS:GO chickens. CoinFund is investing in eSports startups. Some of the greatest eSports players in the world are becoming ambassadors for crypto companies.
Exeedme is leading that charge
Oh, did you like that last link?
Did you think we weren’t going to be bringing it up?
Exeedme has been laying the groundwork for a gaming system that leverages the very best of gaming and the very best of crypto to provide its users with the ultimate experience.
We are replacing #Free2Play with #Play2Earn, using the power of the blockchain to allow all gamers, regardless of their skills or experience, to earn real money and real NFT rewards, for their dedication to gaming. Gone are the days when only a small number of elite professional players could earn for playing.
But we are doing more than that, and we are going further. We believe this is the future of gaming, and this is how the industry will continue to grow into the future, so we are bringing the high standards of fairness and balanced competition that eSports have championed into the realm of crypto.
We want to make gaming available to all crypto enthusiasts, giving them a place where they can continue to invest while having fun and doing something that is worthwhile.
At the same time, we want to make crypto accessible to all gamers, allowing every single one of them around the world an entryway into this new form of money.
This is our mission.
This is who we are.