

Metaskins Co-Founder: How Do You Bring 3 Billion People Into GameFi?

.jpg)

Metaskins Co-Founder David Cummings said mass adoption of Web3 GameFi by the 3 billion gamers worlwide won't be easy, though the potential is extraordinary.
Metaskins Co-Founder: GameFi Mass Adoption Won’t Be Easy
As one of the most valuable trends in the blockchain space, the GameFi sector has experienced a massive surge in value and interest globally.
There are many new blockchain games and metaverses in development right now. Still, most of them don't get much traction even though the GameFi sector attracts 800,000 gamers daily, according to a DappRadar report..
However, that’s a fraction of the 3 billion gamers worldwide (estimated by DFC Intelligence). With all this growth potential for Web3 GameFi, several challenges threaten to stifle this budding market.
Recently, BSC News talked with David Cummings, Co-Founder of Metaskins, at the Messari Mainnet event, and he gave his views on onboarding 3 billion users to the GameFi sector.
“I don’t think mass adoption will come easy. So, we need something that will actually capture traditional gamers and crypto natives alike that will make them want to play now,” Cummings told BSC News.
According to Cummings, Web3 doesn’t have the “real games” to support the idea of onboarding the “next billion.”

On the Monetary Aspect of GameFi
The co-founder of Metaskins believes those 3 billion people are already living in the metaverse, of which the GameFi space and Web3 metaverses are just extensions. There's a catch, though.
“Users don't yet own their assets. Their assets stay in that world, in a closed loop,” Cummings said. “People spend several hours a day accumulating wealth in games that they could never take out.”
Using blockchain technology, Cummings believes a gamer could take the wealth created in a game, extract it, and sell it easily in an NFT marketplace. The games would also have a monetary aspect where users can earn money.
According to Cummings, having the ability to provide for their families will shift the psychology of gamers, so it becomes a “whole different phenomenon.” Along with monetary benefits, people will also join to socialize and attend events from anywhere in the world.
He believes the best game developers will eventually migrate toward GameFi:
“Upcoming games, like Big Time and Illuvium, which are crypto’s first AAA game experiences, should be the catalyst for mass adoption. These have a good chance to take away the market share from the Fornites and GTAs of the gaming industry.”
Heading Toward a Paradigm Shift
Cummings predicts that brands and people will gradually move towards this new paradigm shift. He further shared:
“These brands know that they have a vision that includes the Metaverse revolution which shows how the company will take the next step; All that type of stuff: on the marketing front, on creating visibility, and even front brand recognition. Everyday there are more and more people finding comfort in the Metaverse. These brands know that there's a certain amount of people there, and that tomorrow there will be even more people, and the next day even more. It's an excellent opportunity to get eyes on your brand.”

In the coming years, people may interact with the brand in a unique and different way. With the ability to play for money at a young age, kids will become savvier, changing their psychology. Cummings anticipates that the shift is going to happen in the near future.
“I feel that whether it's one or two, or even five years, it's going to take over, and it's going to happen very quickly. I think for brands, it's very important to enter now as quickly as possible and be able to not only build out a Metaverse offer but stick with it and create comfortable experiences for people,” Cummings said.
What Is Metaskins:
Metaskins is a one-stop shop for Metaverse or Non-Fungible Token (NFT) needs. Based in Colombia, the design studio specializes in personalized digital wearables, custom infrastructure built on Metaverse parcels and brand-tailored Metaverse events.
The company’s work and services includes high-quality Metaverse-ready 3D avatars, digital modeling, marketing, smart contract development, video game development and more.
Metaskins’ partners and clients include Puma, Bare Knuckle Fighting Championship, MMA TV, The Holy Ones NFT collection, Fetus Apes NFT collection, Snarky Sharks NFT, NFtweak, etc.
Where to find Metaskins:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News


Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options

This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Try Now!

Sign up Now
Coming Soon

WIN BIG

Coming Soon

Sign Up Now

Earn Now
Coming Soon

Sign Up Now

Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%