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In the current situation of a wait-and-see attitude to blockchain projects, Web3 is a real-world opportunity to increase ARPU and provide extra value to any and all games. So why not leverage the technology, brush up on the game concept, and implement low-code blockchain tools into your game?
Building new games from scratch is always risky, let alone betting on new technology like blockchain. But you don’t have to develop new solutions to make money with Web3. Blockchain tools can boost revenue for already successful mobile or browser games. Here are a few examples of how this might work.
Accessibility and customization have always been the central tenet of user retention and monetization. Thanks to blockchain tools, games can incentivize users to spend more time in a game by adding the possibility to create, display, and, most importantly, trade unique in-game items, cosmetic add-ons, and more. Having complete rights to their in-game items, players are likelier to stay engaged and stick around longer. This way, games get both user-generated content and royalties from secondary sales.
In the current situation of a wait-and-see attitude to blockchain projects, Web3 is a real-world opportunity to increase ARPU and provide extra value to any and all games. So why not leverage the technology, brush up on the game concept, and implement low-code blockchain tools into your game?
Building new games from scratch is always risky, let alone betting on new technology like blockchain. But you don’t have to develop new solutions to make money with Web3. Blockchain tools can boost revenue for already successful mobile or browser games. Here are a few examples of how this might work.
Staking
Staking is the process of locking up a certain amount of cryptocurrency to help secure and support the operations of a blockchain network. By doing so, stakers are rewarded with additional cryptocurrency, making it a popular method for investors to earn passive income. Staking is an important part of Proof of Stake blockchains.
Staking is a way to make your idle assets work for you, meaning you can generate rewards while helping secure your favorite blockchain networks. Crypto staking is particularly common among long-term crypto holders who want to get the most out of their holdings.
Liquid staking provides the additional benefit of receiving, in return for your deposit, a liquid staking token. This token represents the amount of ETH you’ve staked, plus the rewards generated by your ETH; that makes it easy to keep track of your deposit for when you would like to withdraw your stake, or you can even use this token as collateral elsewhere in DeFi.