Blockchain gamers have made $ 20 million – even more than game companies

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2021-05-01 01:36:23

Flipside Crypto’s research on the revenue generated by blockchain games shows that, under certain circumstances, gamers are making more money than game maker companies are making.

Blockchain gamers have made $ 20 million – even more than game companies

This new study focus on how much money gamers and game developers make in a year after the launch of some of the most popular blockchain-based games.

According to data from Flipside Crypto, most of the revenue that blockchain gamers make comes from just one game, and almost everyone is aware of this game.

Revenue earned from Gamers and Blockchain companies
Revenue earned from Gamers and Blockchain companies

Cats are very profitable

No one could have imagined that keeping cats could become such a lucrative job. CryptoKitties generated $ 27 million in revenue in the first year, with $ 7 million going to companies and $ 20 million for players – cat breeders.

In the game CryptoKitties, gamers will breed virtual cats with unique features on the Ethereum blockchain. Females inherit some traits from their parents, and some cats will have rare traits, which means being more valuable than others.

One of these virtual cats was sold for 600 Ether (ETH), equivalent to $ 170,000 at the time. The game is notorious for clogging the Ethereum network.

The revenue for other blockchain games is also put on the balance table for comparison. Gods Unchained made $ 4.2 million in its first year and $ 237,000 of that went to the player (although auctions were not held in the first year). My Crypto Heroes made $ 1.5 million in its first year, and players earned $ 118,000 through in-game property sales.

Distribution of revenue between Blockchain gamers and game companies
Distribution of revenue between Blockchain gamers and game companies

Disproportionate income

The study provides an interesting analysis of how proceeds are distributed. On one side, there’s Gods Unchained, where nearly all of the game’s money goes to the company’s pockets. On the other side is Crypto Kitties, where gamers or breeders make up to 75% of the revenue.

Many consider blockchain gaming to be one of the most promising application cases for this technology. However, it is undeniable that these entertainment is a bridge to make more people know about blockchain, thereby opening up opportunities to access more “serious” products built on this technology.

According to Cointelegraph

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