What Attracts Investors to Blockchain Gaming?
Cointelegraph By Anatol Hooper's original article for cointelegraph.com reduced by 79%
For one particular industry, the latter adjective isn't figurative at all, because blockchain can do just that - change the gaming market. Investors don't want to be simple observers and are jumping on the blockchain gaming bandwagon. Blockchain enables projection of value to intangible assets - everyone realized the close interaction between DLT and gaming when CryptoKitties came out on Ethereum.
Contributing to market growthThe gaming market is huge, and blockchain has attracted many investors who are now driving the industry's expansion to new levels. This, in turn, attracts investors, many of whom are looking specifically for gaming firms that adopt DLT.Some prominent blockchain-oriented investors have been including gaming firms in their portfolios. Elsewhere, Galaxy Digital recently took part in a funding round held by Immutable, a Sydney-based blockchain gaming startup.
All in all, blockchain-oriented institutional investors don't want to stay aloof from the rapid growth of the gaming space.
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Summarised crypto news.