Research Says Blockchain Gamers Are Earning More Than The Game Companies
June 5, 2020
New research by Flipside Crypto has studied that in some cases, blockchain gamers are earning more than the game companies.
It has been reported by data from Flipside Crypto that the overwhelming majority of revenue was earned by just one, very famous, game.
However, no one could have envisioned that cat breeding could become such a lucrative business, as CryptoKitties generated $27 million in revenue in the first year with $7 million going to the company and $20 million to the breeders.
Blockchain gamers raked in more than $20 million playing three of the most popular blockchain-based games https://t.co/hJgysRxc6Y
In CryptoKitties, gamers breed virtual cats that have unique traits on the Ethereum blockchain. The offspring inherit some of the traits of their parents and cats with rare features are more valuable than others.
It has been analyzed that one of these virtual kitties was sold for 600 Ether (ETH) or $170,000. The game is notorious for almost breaking the Ethereum network.
The research provides an interesting breakdown of how revenue is being distributed, where the gamers or the breeders of CryptoKitties raked in 75% of revenues.
Thus, many people consider blockchain gaming as one of the most promising use-cases for the technology.
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Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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