Virtual economies based on blockchain technology are starting to emerge as one of the biggest upcoming trends in gaming, gaining more traction with investors, gamers and developers alike. The use of nonfungible tokens, or NFTs, which provide proof of ownership and the means to transact the set holdings in a seamless fashion, can drive further adoption of games that use virtual economies beyond the crypto realm.
In the latest development, DMarket, a platform that leverages blockchain technology to enable buying, selling and trading of in-game assets, has closed $6.5 million dollars in venture funding.