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Why has Blockchain Gaming become the real deal in 2021?

Nilesh DeshmukhDecember 30, 2021

The nexus between Sports and Business.Fans.Life.

Gaming today mostly happens on walled-off data networks. This means that users cannot own their in-game assets (skins, avatars, abilities, etc.). The platform owns them. Blockchain games like Axie Infinity are disrupting this model because users own their assets, such as nonfungible tokens (NFTs), on Axie and are able to sell them in a free market economy for profit.

One of the biggest reasons for the growth of Blockchain gaming is that players can get paid to play. Axie Infinity is leading the charge in the P2E model. Axie users make investments to acquire the Axie NFTs and the AXS native token to begin play. They can earn the Smooth Love Potion (SLP) token by playing and competing, as the tokens earned can then be exchanged for other crypto assets or fiat currency, etc.

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Nilesh Deshmukh

I am passionate about sports and passionate about marketing. As a sports marketer, I have built significant expertise in successfully delivering medium to long term digital marketing strategy for global sports entities and brands like Arsenal FC, Manchester United FC, Chelsea FC, Major League Baseball, Formula E, and AELTC, etc to engage with their fans in India. I am currently based in London and lead India business at Engage Digital Partners.