GameFi refers to the financial deregulation of gaming and is a mix of the words “game” and “finance”. In 2020, the blockchain gaming business generated $321 million in revenue, with 41.9 million gamers owning a digital asset or cryptocurrency. Insert Stonks is created to help the gaming business and the gaming community as a whole. Statistics has shown that There are about 2.5 billion gamers on the planet now, who spend billions of hours each year playing games. Insert Stonks brings together a group of specialists from the gaming, technology, marketing, and blockchain industries, that are offering a universal financial system for games that makes game economies and payments simple to create. This article intends to communicate the role of Insert Stonks in the gaming industry and how it intends to revolutionize GameFi
According to Statista, the video game business is anticipated to rise from $178 billion in 2021 to $268.8 billion in 2025, a 66 percent increase in four years. In just the third quarter of 2021, Axie Infinity alone has generated $2.08 billion. With the potential to create stronger, more profitable game economies catering to all sorts of players and developers-economies that may become viral and successful P2E models — the industry has merely scratched the surface. The objective of Insert Stonks is to increase game creators’ earnings while also allowing gamers to earn real money doing what they enjoy. Through blockchain tokenization, gamers may gain actual ownership of digital assets and be compensated for their time and expertise.
…the signature skill-based gaming invention
STONK Engine is a Software as a Service (SaaS) API and Software Development Kit (SDK) platform for game developers. It is chain-agnostic, because it connects to different blockchains depending on which SDKs a particular developer wants to use.
R2M Players get to choose their favorite cryptocurrency and join Mr Stonk in the lambo. You go as far as you can, avoiding Teslas, Whales, and SEC vehicles while collecting STNX tokens to pay out later. The pool is won by the winning high scores of the day! This is your one-of-a-kind opportunity to go to the Moon using the strength of your SKILL.
In order to promote participation and excitement, Insert Stonk partnered with WenLamboNFT, thus bringing their hot NFT vehicles CROSS-CHAIN. Insert Stonk is developed for independent and mobile game creators that want to improve their game earnings with P2E but don’t have neither the budget nor understanding of blockchain, unlike other blockchain technologies for games that construct unique solutions that only huge gaming studios can afford.
Now, gamers and developers with WenLambo assets may play Insert Stonk games with their NFT automobiles. On suitable R2M arenas, NFT automobiles will raise the car’s maximum speed, allowing exceptional acceleration boosts, and other performance abilities, among other things.
The token utilized in this in-game economy is ISRM. To farm ISRM, a player will first purchase a property in the Fields of Hopium. The more the number of NFTs you hold, the higher the yield. With this, you can even start a street gang and generate feasible passive revenue by leasing NFTs and teaching your crew to earn for you. You can as well “pimp” your vehicles and avatars in your Garage
Other games to be released soon on the Insert Stonk ecosystem include:
My museum,Space cartels,Petent, and much more.
The first blockchain P2E games are generating tremendous interest, engagement, and profitability despite massive obstacles to entry for the general public inexperienced with crypto trading, fundamental game principles, and design. Insert Stonks was created by gamers for gamers, and it uses Web 3.0 to bridge the gap between players, developers, and investors, thus increasing game profitability while allowing gamers to earn real money.