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Matt
Matt

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Blockchain Game Finance and DeFi with NFT

The blockchain community and especially DeFi space have gained tremendous momentum since last year. At the same time, online NFT marketplaces are experiencing enormous traffic as many NFT fans are finding creative ways to convert physical and tangible assets into Non-fungible ones, as seen in the huge success of the Metaverse project. As such, the market cap of promising NFT projects are on the rise.

Market Cap

As a whole, the current two major trends in the IT industry consist of gaming and crypto where their online revenue and market cap are increasing on a daily basis.

Online Game Market

The revenue from virtual games and online entertainment will grow from $180B in 2020 to $400B in 2025 (majority of growth goes to in-game spending)

Crypto and NFT Market

In Q3 2021 alone the total crypto fundraising was $8.2B, out of which $1.2B went to Web3 and NFT. Also, fundraising in NFT games overshadows others in Q3 2021 by $1B.

NFT- New Promise of Game Finance

While current trends show a magnificent success of NFTs, many analysts believe that NFT has not yet fully tapped its potential. Indeed, we are at a very early stage of seeing how NFT is going to impact DeFi and more specifically game finance. Motivated by untapped market opportunity, RealBig is to harness the real power of NFT in game finance where NFT assets are used as an instrument for financial investment similar to traditional stock or bonds. In its business model, not only NFT owners can sell their assets to the secondary market, but also they can collect dividends on a monthly basis. As a matter of fact, with finite supply of NFT in its system and increasing value of NFT as result of platform activities will return an exponential increase in the value of NFT in such a way that an NFT asset can be treated as an independent financial instrument.

How RealBig NFT Works

RealBig is a platform that offers a variety of lottery prize games. In addition to prize games, it offers NFT game finance via a virtual league. Its virtual league consists of 5 clubs (each has 4 teams of different player sizes). In total, there will be 70 players where each player is represented as an NFT asset. The system runs competitions among teams within a club and across different clubs and anytime a player wins, its owner receives 20% of prize value as its dividend. Read our White Paper to learn more. Watch below video to learn more:
https://youtu.be/je0fXjIZniY

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