New research by Flipside Crypto has studied that in some cases, blockchain gamers are earning more than the game companies.
It has been reported by data from Flipside Crypto that the overwhelming majority of revenue was earned by just one, very famous, game.
However, no one could have envisioned that cat breeding could become such a lucrative business, as CryptoKitties generated $27 million in revenue in the first year with $7 million going to the company and $20 million to the breeders.
Blockchain gamers raked in more than $20 million playing three of the most popular blockchain-based games https://t.co/hJgysRxc6Y — Cointelegraph (@Cointelegraph) June 4, 2020
In CryptoKitties, gamers breed virtual cats that have unique traits on the Ethereum blockchain. The offspring inherit some of the traits of their parents and cats with rare features are more valuable than others.
<img width="2500" height="1300" src="https://i1.wp.com/www.cryptonewspoint.com/wp-content/uploads/2020/06/Research-Says-Blockchain-Gamers-Are-Earning-More-Than-The-Game-Companies1.jpeg?fit=1024%2C532&ssl=1" alt="" class="wp-image-17623 lazyload" />
CryptoKitties | Image: ConsenSys Media
It has been analyzed that one of these virtual kitties was sold for 600 Ether (ETH) or $170,000. The game is notorious for almost breaking the Ethereum network.
The research provides an interesting breakdown of how revenue is being distributed, where the gamers or the breeders of CryptoKitties raked in 75% of revenues.
Thus, many people consider blockchain gaming as one of the most promising use-cases for the technology.
Source: Cointelegraph | Image: Panda Security
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