On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

2023 Is Year of High-Quality Blockchain Games — Polygon

Many people are in favor of blockchain games, and this year appears to be the year that could bring about high-quality online games using the technology. Polygon’s games vice president Urvit Goel recently shared that the company was endeavoring to make blockchain games a reality. He said 2023 would be the year that blockchain and gaming will be seriously vetted for all the promises made previously. He intimated that Polygon has been the trailblazer with the integration of the NFT marketplace.

Even though the collapse of FTX upset the industry, the Web3 blockchain gaming sector has kept scaling north of $500 million in value from last year. “Our main focus is helping builders enter the market to launch blockchain games using new tech,” said Goel.

Goel’s job description is to help developers build better products and connect them to tech and the marketplace. Polygon put up a $100 million ecosystem investment fund for Web3 gaming, where Polygon released capital to native builders needing support and capital. Competition within the blockchain arena is healthy and will create successful blockchain enterprises.

Blockchain gaming enterprises are engaged in healthy competition for gaming clients. Goel doesn’t view other blockchain entities as competition; he instead focuses on the main task: to spread the usefulness of the tech to get more people to adopt Web3 gaming. As for different blockchains being in the market, “different strokes for different folks” is his mantra.

There is a difference between blockchain tech enablement vis-a-vis centralized exchange, said Goel. The FTX crash impacted the market negatively and will take a while before the market regains its stand. The sector is experiencing a lull. “The assumption is that gamers will keep playing regardless of the bull or the bear market season,” said Goel. Many western gamers protested the negative reaction that blockchain games are a scam, he added.

Goel is of the belief that there is a contingent of crypto-savvy fanatics but quite few blockchain games in the biosphere. He is certain that game startups will lead the way in blockchain games as they assimilate the new technology though the industry needs to up its infrastructure wholly, be it in marketing, data analytics wallets or payment.

Regarding the intersection between blockchain gaming and the metaverse, Goel says there is a close tie and the metaverse trend will continue as investors pump in cash for them to deliver a decentralized metaverse, though this going to take some time.

As entities such as Tingo Inc. (OTC: TMNA) deepen the penetration of blockchain technology in sectors such as agriculture while others focus on industries like online gaming, it won’t be long before every aspect of daily life has been impacted in some way by this powerful technology.

NOTE TO INVESTORS: The latest news and updates relating to Tingo Inc. (OTC: TMNA) are available in the company’s newsroom at http://ibn.fm/TMNA

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork.

Archives

Select A Month

Official NewsWire Relationships

Anarchapulco Main Event Blockchain Africa Conference Blockchain Futurist Conference Blockchain Life Conference Blockchain Shift Coingenius Coinvention CryptoBlockCon CryptoFest European Blockchain Convention EVOLV - evolve.events Finovate nftexpoverse Paris Blockchain Week The North American Bitcoin Conference Virtual Blockchain Week The Voice of Blockchain World Crypto Conference

CryptoCurrencyWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.994.9818