The Game-Fi/Metaverse Market in the Covid-19 Pandemic & Onix's Solution to Independent Blockchain Game Development?

Blockchain Gaming & The Metaverse; The Gaming Market!

Since the start of the pandemic, many people were forced to alter their lifestyles, including children who were told to take online school. This ultimately caused most people across the globe to find comfort in other things, but mostly limited to indoor activities. This, as a result led to a tremendous increase in internet users. The gaming industry was one of the few sectors which saw growth throughout this period. Recently, video gaming trends experienced a massive surge in players and revenue. The gaming market was valued at USD 173.70 billion in 2021, and it is expected to reach a value of USD 314.40 billion by 2027, registering a CAGR of 9.64% over 2022-2027.

What's better than playing a MMO game with friends and family to escape the grim reality we face today. Blockchain technology or blockchain gaming is steadily getting adopted, as Projects such as ONIX managed by the Wakka Development Team, are building the future in this space. The Onix Team, originating from Taiwan, put an experience group of developers together to create the perfect balance of bitcoin's blockchain characteristics and security features with the Ethereum Virtual Machine to produce the perfect gaming platform. Through the utilization of the Ethereum Virtual Machine (EVM), Onix blockchain has the capability to create smart contracts for games that require such technology. With fast and low cost per transaction, users will finally be able to mint NFTs at extremely low costs.

For the expansion of the ecosystem to bring more GameFi projects into the network, the Onix blockchain has designed an interesting Tokenomics, which allows game developers to earn Onix as incentives upon successfully integrating their games on the web. As an up-and-coming project in the crypto space, developers and believers express their interest and support through Telegram, chosen to be the main channel where the community gets together to share thoughts and ideas.

ONIX is the only blockchain currently focused on supporting independent developers with tools for affordable NFT gaming. As part of the expansion, the core team behind the project is running a community giveaway, where participants can earn up to 1100 ONIX.

With blockchain, smart contracts and NFTs coming into play, the gaming community celebrates a new era. What has been impossible to achieve in the past will now be standard in gaming. The term "Play to Earn" sparks the fire and fuels the emotions of those that are ready to begin a new journey.

With Projects such as this, providing a solid foundation for the blockchain gaming industry, it's not a surprise the market is expected to continue to grow to new heights. Historically, the gaming industry has developed innovative technologies that other industries have adopted later. Example of this is when Oculus created its Rift VR headset for gaming, but now trainee surgeons can use it to get an immersive operating room experience.

The new mobile gaming technologies that 5G enables will also have applications in the cosmetics, interior design, fashion, healthcare, security and military industries. Low-latency AR could help doctors treat, or provide permanent support for, conditions such as vertigo or colour blindness. The cosmetics industry already uses AR to let customers try products digitally, and 5G will make such in-store experiences better and more accessible.

5G offers technology advances that will bring extensive innovation to the gaming industry. While 5G will take years to deploy fully, the big cities that get 5G first will soon start to give rise to new gaming experiences. These early advances will quickly diffuse into other industries, creating up to $1.3 trillion in value over the next decade.

Blockchain technology will seem to benefit the most from 5G, leading to Metaverse and NFT Games having mass adoption in the near future, and projects such as Onix leading the way for independent game developers across the globe.

Furthermore, the first game has already applied to be built on the Onix blockchain and is currently under development. Named as Army of Crypto, the project promises to bring excitement through a strategic structure played with NFTs as a collectable card game (CCG). The cards will represent some of the figures that have significantly impacted the crypto industry, who have contributed to the expansion and awareness of the technology. Further information can be obtained through the website linked in this article. With the puzzle pieces coming together, the team expects to release the first game by Q3 of 2022, serving as a model for developers to integrate their projects into the Onix NFT ecosystem.

Potential users must check the following link: https://onixcoin.io/developers to find further information about developing and integrating games into the Onix Blockchain.

Website: https://onixcoin.io

Source Code: https://github.com/onixcoin-io

Written by: TreyTrillionaire