Yield Gaming on the Blockchain
The e-sports industry is a multi-billion dollar space and the second most viewed sport, right behind the NFL in the U.S. (while video gaming has generated $178 billion worldwide in 2021 alone, and is predicted to reach $268.8 billion by 2025). Bridging this opportunity to blockchain has a real, tangible output for the worlds esports players and viewers.
The idea was born from observing the rapid growth of blockchain-based play-to-earn games. Popular games like F1 Deltatime and Axie Infinity have relatively expensive entry level access, but they let you earn prizes that surpass the initial costs. Wealthy players that buy a lot of in-game assets face the problem of managing the unused parts that can be brought to life in the hands of new players who are just starting the game.
The first experimental team - SuperFast - was based on the yield gaming model, where a few big backers built a massive garage of in-game parts, and then used it to stake the parts for the new players wishing to participate in the game.
The model proved to be successful and today, the SuperFast Team is a regular high scoring participant at top industry events.
Our goal is to scale this model across other successful blockchain games and match membership-based models with the correct asset management framework, thus creating a win-win situation for all participants.
We aim to scale this initial concept and bring the play-to-earn model to millions of gamers around the world, bringing the benefits of blockchain technology to those in need. Most DeFi projects gather billions of dollars in total value locked (TVL) from a relatively small number of wealthy people. Our aim is to help the rest of the world start playing these games and enable the new sharing economy in the Metaverse which these players could build with their contributions. In order to grow, blockchain needs to move the thinking of TVL as a purely financial term into one of real and productive economic output, more akin to Gross Domestic Product (GDP). The growth of metaverses and the crypto community will be determined by this GDP equivalent and STZ wants to play a major role in evolving this space.
Last modified 1yr ago