In the past one year, there has been a lot of sponsorship and deals internationally among esports and crypto. Then we slowly introduce them to the Web3 world by helping them mint free NFTs, buy premium NFTs and unlock more value in Web3,” added Sharma. “We help gamers to start playing without any upfront investment and with seamless onboarding experience. During the bad market, as the ROI on these NFT games fell, they departed from the platforms. As a result, a majority of Web3 gaming platform customers were crypto traders rather than actual players. When Web3 gaming first began, it was still inaccessible to a significant number of gamers due to the initial investment required to purchase NFTs and the poor quality of the games. Aside from the initial sale, the regular utility around tokens lets businesses create recurring revenue. Token holders, sometimes combined with NFT owners, act as decision makers to help companies make better decisions. The majority of Web3 gaming companies create their own currencies to engage and incentivise their users. There are several business models available for Web3 game companies. Gaming platforms will become more global when the fiat system is replaced with crypto coins, reducing geographical boundaries. In addition, previous gaming companies had to implement numerous cash-in/cash-out choices, which limited their flexibility. Gamers will develop more trust in the platforms as there is more data on the chain and open smart contracts. Championfy claims to bring Web2-like experience to Web3 games with our Web2.5 platform.īlockchain-based companies aim to give the community more decision-making power.
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