How tokenization is benefiting game developers and players alike
Crowdfunding has been a popular option for game developers looking to launch projects — but as the market gets saturated, tokenization is becoming a compelling alternative.
For years, crowdfunding has been the go-to for game builders looking to make a splash and secure investment for their big idea, and it continues to enjoy significant demand within the game industry.
But gaining traction and achieving milestones has gotten more complicated as the market reaches saturation — with even the most promising titles struggling to stand head and shoulders above the competition.
This is where tokenization comes into play and turns gamers into stakeholders.
THE BENEFITS OF TOKENIZATION
Before tokenization, a significant barrier to entry for potential investors in emerging gaming projects was the minimum investment required. To make matters worse, those who contributed might not receive much incentive in return.
Tokenization transforms all of this — by automating and token-gating these processes. It opens the door to fractional ownership, meaning gamers on all budgets can take a stake in the projects they’re passionate about.
Developers also have an opportunity to give backers a seat at the table — allowing them to vote on key milestones that’ll alter the course of the project in the months and years to come. Communication channels can be walled off to those who have made a contribution too, enabling them to tap into exclusive perks and content.
Moreover, tokenization is a marketing powerhouse for both players and game developers. Players become stakeholders, motivated to promote and engage with their favorite games actively, and tokenized assets further fuel their involvement. For developers, it's a community-building tool that incentivizes player engagement. The result is a more inclusive, efficient, and engaging ecosystem that benefits both developers and gamers alike
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About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile