The global blockchain gaming market was valued at $128.62 billion in 2022. By 2030, it’s expected to skyrocket to $614.91 billion, growing at 21.8%.
Blockchain based gaming blends entertainment with investment. A perfect recipe to attract users. Players are no longer just looking to play for leisure. They want to earn.
Blockchain technology allows players to gain true ownership of in-game assets, creating new economic opportunities for players around the world. At the core of this category are Play-to-Earn (P2E) games. These attract new players and provide additional revenue for developers. These games create a real-world use of gaming assets, allowing developers to earn royalties on secondary sales and greatly enhance the gaming ecosystem.
Given the huge potential, companies are constantly innovating to make gaming fair, immersive and more rewarding. Reports indicate it is attracting VC investments too.
A Strategic Partnership
Recently, UAE based VC firm Quantix Capital invested a million dollars in Tezos through its Singapore adoption hub, TZ APAC. The goal is to boost blockchain gaming innovation on the Tezos platform.
At the forefront of this exciting venture are visionaries like Jake Seltzer, Managing Director of Quantix Capital. A passionate advocate for tech-driven experiences, Jake is excited about the transformative potential of blockchain, saying, “Tezos Web3 is uniquely positioned to lead innovation in this space.” He adds, ‘Our investment goes beyond financial backing; it’s a commitment to empowering the creators who are reshaping the future of games and interactive experiences.”
His counterpart, Jeremy Foo, Head of Gaming at TZ APAC, shares this ambitious vision. With a focus on nurturing a fair and inclusive gaming ecosystem, they are paving the way for a new era of gaming that goes beyond mere entertainment.
Why Tezos Stands Out?
Here’s what sets Tezos blockchain apart:
Eco-Friendly and Efficient
Tezos operates on an eco-friendly Proof-of-Stake (PoS) model, slashing energy consumption compared to traditional blockchains. In an era where sustainability is a hot topic, this approach resonates with developers and eco-conscious gamers.
Low Costs and Fast Transactions
With minimal transaction fees and lightning-fast processing times, Tezos facilitates seamless gameplay. Players can dive into their gaming worlds without worrying about hidden costs, making blockchain gaming accessible to everyone.
On-Chain Upgradability
Designed for adaptability, Tezos can evolve without disruptive forks. This means developers can continuously enhance their platforms, integrating new features that keep players engaged and entertained.
Democratic Governance
One of Tezos’s standout features is its democratic governance model. Players and developers can propose and vote on protocol upgrades, fostering a collaborative environment that encourages innovation and creativity. This ensures gaming projects align with player preferences and market trends.
What’s Next for the Gaming World?
With Quantix Capital’s backing, the Tezos blockchain is set to welcome a wave of pioneering gaming projects. Picture immersive worlds where players truly own their in-game assets, leading to fresh revenue models that reward creativity and engagement. We can look forward to innovative gameplay mechanics, community-driven stories, and dynamic environments that shift based on player choices.
Many interesting projects using Tezos are already underway, spanning a variety of genres—from real-world economy and interactive role-playing games (RPGs) to co-op games. Their focus is on consumption. The partnership is not just about financial support; it’s about cultivating an ecosystem in which grounded thinking can grow.
As Quantix Capital and TZ APAC are leading the charge to grow blockchain-based gaming, now is the perfect time for gamers, developers and investors to get involved in the blockchain gaming space. Keep up to date with the latest developments, engage in conversations and take advantage of opportunities to be part of this growth landscape.
