Gala’s NFT mystery boxes: Where gaming fun meets blockchain innovation

cointelegraph.com:

Many first-generation blockchain games were more concerned with crypto-earning than providing a great gaming experience. In contrast, Gala Games, a blockchain gaming platform with a proven history in the Web3 space, prioritizes fun and aims to address concerns about GameFi adoption.

Decentralized gaming, better known as GameFi, has been quickly identified as one of the clear use cases for blockchain technology that has yet to see mass adoption. However, while the benefits of GameFi, like greater control and offering tangible rewards, have been well marketed, most gaming is still done on a centralized platform. To put things in perspective, Fortune Business Insights estimates that the global gaming market size was valued at $249.55 billion in 2022 and will grow from $281.77 billion in 2023 to $665.77 billion by 2030. In contrast, blockchain gaming, according to Markets and Markets, accounted for only $4.6 billion in 2022, and is expected to grow to $65.7 billion by 2027.

Despite such low adoption to date, blockchain technology offers users greater control through decentralization, allowing players to set game rules, mechanics and upgrade features, and engage in distributed voting mechanisms to determine which games should be added to the platform. Additionally, as gamers spend more time playing video games, the ability to own in-game assets will allow them to earn cryptocurrency that can be redeemed for tangible rewards, making gameplay far more valuable from an outsider’s perspective.

So if the benefits of GameFi are so clear, why is mass adoption so slow? Currently, many games focus on the underlying technology first and the fun aspect second. If you look at many first-generation blockchain games on the market, it’s