Introduction
The video gaming industry is still been plagued with the non existence of true ownership when it comes to in-game assets. According to NewsZoo The World’s 2.7 Billion gamers were estimated to spend $159.3 Billion on Games in 2020, and the market as a whole will Surpass $200 Billion by 2023. This comes after $87 billion was spent in 2019 by gamers to purchase in-game assets which they have no true ownership over.
In-game assets have been one of the top revenue streams of video gaming companies as many games have adopted the Free-to-Play model with high demand for in-game assets. According to Forbes out of Fortnite’s $2.4 billion of revenue, over one billion was generated through the sale of in-game items. Gamers are spending billions of dollars yearly to purchase in-game assets with little or no real ownership right over said assets.
Citizen Finance: Metalands as a First-person shooter game will provide support for 100% ownership of in-game assets. The platform will allow players to withdraw and sell their in-game assets on the secondary marketplace, gift them out to friends, stake them on decentralized pools to earn CIFI token, or use them as collateral on lending protocols.
Last modified 9mo ago