Battle Infinity is one of the most recent projects focused on blockchain games. Even though it has only been on the market for a few months, it has already attracted a growing number of investors. Given the complexity of its platform, many believe that Battle Infinity is there to fix the errors of other venues in the industry. What do the experts think?
Blockchain-based games are attracting a growing number of people
Many sectors of the cryptocurrency industry are in shock due to macroeconomic pressures. On the other hand, blockchain games have weathered the storm well, according to DappRadar's report.
Investors saw this resilience as a wake-up call to continue investing in blockchain games. This promise of notable gains in the future is one of the reasons.
The blockchain gaming ecosystem has already attracted celebrities who want to take advantage of the bandwagon. Barclays, a major financial institution, has recently expressed interest in the sector. Barclays recently released an esports report in which its analysts discuss the fantasy sports industry. Esports have grown in popularity because they allow fans to engage more and interact with their teams.
According to the Financial Times, Barclays' report provides some interesting numbers on the growth of esports, which reached 74 million at the League of Legends World Championships in 2021.
A Bright Future for the Blockchain Gaming Industry
Users, investors, developers, and celebrities are joining forces in this avant-garde sector. Partnerships and sponsors are legion in this sector. This leads to a significant increase in companies entering this market.
Barclays also believes that if the gaming industries use crypto and blockchain technology, they would be able to generate new revenue streams.
Games do this by using non-fungible tokens (NFTs), which allow players to participate in the game and generate rewards that can be exchanged for real money. Currently, we are witnessing the rise of the best play-to-earn type games. Battle infinity is one of the most popular blockchain gaming ecosystems in the industry. The latter has a platform that is attracting a lot of interest despite the current bear market.
Battle Infinity, the leader of "fantasy sports"?
Battle Infinity is a fantasy sports play-to-earn ecosystem that allows players to access a metaverse and earn rewards. This ecosystem is based on a fully verified platform that combines exciting P2P elements with a rich virtual world.
Rewards on IBAT infinity can be earned in the form of IBAT tokens, which are at the heart of this ecosystem.
Battle Infinity, for example, offers the Premier League, one of the most attractive play-to-earn (P2E) games. Within the league, players can join teams where they can compete for rewards based on a club's performance during the season. Players who score the most points can earn IBAT rewards.
In addition to focusing on games, Battle Infinity is interested in decentralized finance (DeFi). According to our sources, Battle Infinity will launch staking next week despite the fact that the team still needs to confirm this information. This could lead to a significant increase in the price of IBAT.
Many analysts agree that Battle Infinity has yet to demonstrate its full potential, and its price has a good chance of increasing in value. While it was worth only $0.0015 during its ICO, today it is at $0.0037.
According to a recent report from Barclays, the blockchain gaming industry will continue to generate interest over time. The increase in the number of esports enthusiasts will have a direct influence on an ecosystem like Battle Infinity.