It’s hard to believe, but reports from Cointelegraph making the rounds have identified play-to-earn games as one of the catalysts behind the current bullish run the crypto industry is experiencing.
This discovery has shown how vital play-to-earn games are to the cryptocurrency ecosystem, and the union could grow even more in the coming years.
Statista record for the video gaming market shows that the industry is currently worth around $178 billion and is projected to hit $268.8 billion by 2025.
The emergence and success of blockchain gaming companies has further increased the consumers’ craving for the product (play-to-earn games).
Game creators have struck a gold mine by offering people a chance to earn rewards in the form of cryptocurrencies while having fun.
The crypto industry is the better for it as the appetite for these play-to-earn games continue to fuel the bull’s onslaught against the bear even as game creators rake in millions of profits.