Blockchain Gaming Is The Newest Addition In Gaming And Its Future

Blockchain gaming is the newest addition to an industry that is still in its infancy. Many people are still unclear about what to make of it, and the ever-changing gaming industry doesn’t help.

Those actively involved with blockchain gaming, on the other hand, feel that the promise of player-owned assets and circular token economies is the inevitable development of entertainment — and that it will revolutionize the way the world views games. Blockchain gaming is the newest addition in gaming and may be its future according to some.

Anthony Yoon, the general partner of ROK Capital, is one of them. Yoon stated in an interview that he believes the future of gaming is on-chain, which is why his fund has sponsored multiple blockchain gaming businesses seeking to enter the Korean gaming sector.

The fund has invested in Ignite Tournaments, a mobile esports organizer that also serves as a broadcast platform with payments in crypto and NFTs. ROK’s GameFi portfolio also includes CyBall, a football-themed P2E blockchain game, and Nine Chronicles, a completely decentralized RPG.

While Yoon’s market optimism is hard to match, he is cognizant of the hurdles that lay ahead.

One of the most difficult problems for GameFi initiatives is competing with existing games from huge companies. Yoon stated that there has been an uptick in developing GameFi projects attempting to take on AAA games like Ubisoft or EA, virtually all of which will fail.

“The number of on-chain games that warrant the coveted AAA badge can be counted on two fingers,” he said.

Yoon and his fund are aware of this and have chosen a different path.

Rather than seeking for GameFi projects that can compete with well-funded games, ROK Capital wants to push established gaming studios into the blockchain sector. According to Yoon, there are several “crypto inquisitive studios” interested in blockchain gaming.

“AAA studios that have launched games to millions of users and generated hundreds of millions to billions of revenue from those titles are now interested in exploring how to integrate crypto.”

With Yoon’s home country of South Korea having the world’s fourth-largest gaming market, even a minor rise in GameFi usage may boost the budding sector to millions. The country is a Mecca for game producers, with the majority of them simply transitioning to blockchain gaming.

“We’re excited for the world to see strong Korean developers in crypto coming from a space that Korea does best — gaming.”

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