Is Fortnite All Set to Propel CryptoAssets into the Financial Mainstream via Gaming
- Since last year, a number of big-name crypto firms (such as EOS, Tron, Ripple) have invested heavily in the gaming market.
- According to Travis King — the founder of Ikigai — crypto will continue to play an ever-increasing role in the world of online gaming as time progresses.
At a recent gaming event that took place in New York, Ikigai CIO and Founder — Travis Kling — commented that it was just a matter of time before the money possessed by various game developers started to flow into the crypto sector.
Additionally, in regards to the matter, it is worth pointing out that Epic Games — the studio responsible for creating Fortnite — recently wrapped up an international competition on Sunday, with the winner of the event receiving a cash price of $3 million.
Worth noting- this is directionally very bullish crypto. This is *massive* fiat currency surrounding a digital world. These digital worlds themselves have massive fiat economies existing inside them.
The next step of the MoE itself being digitally native is not a long put.
— Travis Kling (@Travis_Kling) July 29, 2019
To put things into perspective, we can see that the aforementioned amount is nearly three times the prize money that golfing legend Tiger Woods received for winning his most recent Masters trophy. On this entire development, Kling recently went on record to state:
“This is *massive* fiat currency surrounding a digital world. These digital worlds themselves have massive fiat economies existing inside them. The next step of the (Means of Exchange) itself being digitally native is not a long put.”
Recently, the US SEC (Securities and Exchange Commission) announced its decision to allow Pocketful — a blockchain gaming startup — to actively sell ETH tokens on its platform.
Kling, along with a number of other big-name investors, are highly optimistic about the potential of crypto and blockchain within the world of gaming. To elaborate further on the matter, we can see that a number of major investment entities (like Tron and Ripple) have already become involved in the space.
Earlier this year, Ripple teamed up with the Fortnite team in order to expand its market reach. Similarly, the Tron Foundation too has put in a little over $100 million into this space (as part of a secret 3-year project).
During the height of the bear market last year, it was reported that the EOS team went ahead with a $16 million deal through which it was seeking to develop a blockchain gaming ecosystem within its existing network.
While the gaming industry continues to draw the interest of a lot of crypto enthusiasts from all over the globe, other uptake tools such as gaming-based decentralized applications (DApps) have failed to muster any real mainstream support.