Why Is Community Important in Blockchain Gaming?

Jamie Larson

13 Aug 2022 • 2 min read

According to a recent Technavio report, the global gaming market is expected to grow by USD 125.65 billion between 2020 and 2025, at a CAGR of 12.40 percent. The incorporation of blockchain technology in gaming apps is a significant contributor to the market's growth.

Blockchain-based gaming has transformed the digital entertainment industry while also providing unprecedented opportunities to players worldwide. The burgeoning sector may have emerged only in the last few years. However, the number of blockchain-based games has recently increased, creating new opportunities for businesses looking to create decentralized gaming apps and gamers looking to join an immersive community.

Because of its revolutionary approach to gaming that allows players to monetize their in-game progress and achievements, blockchain gaming is propelling the market forward. This is an industry-first move that allows gamers to be rewarded for playing with digital assets that can then be sold on open markets for other cryptocurrencies.

Aside from the numerous advantages of blockchain gaming, such as improved security, transparency, and accountability, its growing popularity can also be attributed to the sense of community inherent in blockchain gaming.

Games would simply not exist without players. However, in-game monetization strategies and the relationship between traditional game publishers and players are frequently contentious, with the publisher taking the lion's share of the profit.

This is how blockchain gaming's decentralized nature intends to revolutionize gaming. Blockchain game publishers not only provide players with enhanced governance capabilities but also provide established in-game economic ecosystems that enable players to generate supplemental income.

One of these ecosystems is Method MetaGuild, which aims to unite blockchain gamers worldwide by championing competitive excellence while shaping virtual worlds and creating opportunities for blockchain gamers, scholars, creators, esports players, and community members to be discovered and rewarded for their metaverse contributions.

The platform's vision is to create a future in which everyone in the metaverse is rewarded for their contributions "because the community is and has always been the heart of the gaming ecosystem," according to the company's whitepaper—a decentralized approach to gaming that the company bases on its mission. According to the company, "as a blockchain gaming guild, we will build a global community where blockchain gamers, creators, and esports players can maximize opportunities for growth."

To ensure that its platform provides an unprecedented environment with a strong emphasis on community, its ecosystem aims to lead, educate, compete, create, and collaborate in order to achieve the best possible outcomes for larger blockchain gaming communities.

"We will unlock the full potential of blockchain gaming together with the community and our partners by elevating gameplay, creating a sustainable esports ecosystem, and fostering continuous industry progress to ensure we thrive together."

Visit their platforms to learn more about Method MetaGuild and its revolutionary new platform that aims to disrupt the blockchain gaming space: