ABRAXAS is a web3 entertainment company, focusing on games, NFTs and unique digital experiences. Web3 is a new patron model for the internet. It's changing the connection between consumers and creators, with gaming being one of the major opportunities in the space.
The Gaming Market is the fastest-growing form of entertainment globally.
In 2020, the global gaming market valuation was $177 Billion.
In Q3 of 2021 the blockchain gaming market was valued at $2.5 Billion in trading volume and is expected to grow to $50 Billion in 2025.
Blockchain gaming is revamping the industry by turning the tables on the monopolistic console market, creating a multiverse, and making gaming more immersive for the consumers.
In traditional games, players purchase digital items (ex: skins in Fortnite) and then can really only use these items in-game. Through the creation of NFT’s facilitated by blockchain technology, these purchases transform an expense into an asset, creating seconday value from these purchases.
Virtual goods now have rich histories and individuality. Imagine being able to own the exact gun skin your favourite esports player used to win the World Championship.
The deceneralized nature of most blockchains ( ex: Ethereum ) means players don't need to trust any single developer. Their virtual goods can be provably scarce, highly secure goods operated on a cryptographic, decenteralized backbone.
While it will take time, blockchain tecnology has the potential to allow interaction accross ecosystems by leveraging existing building blocks. Imagine players wearing a Fortnite skin in League of Legends.
Players can use their virtual items as collateral in DeFi lending. For example, a player could secure financing for their next battle pass by lending out their high-end weapon skins.
Gamers can now participate in the economics of the games they love. Developers can share a portion of their revenue with the game's supporters by issuing tokens.
Bit-Rush Crypto ( Cuyler Pagano ) has been in the business of Internet-based technology as web builder, SEO expert, and most recently as a content creator and expert in the field of crypto-currency. Now he has shifted his focus on NFT creation, marketing, investing and related endeavors. He believes that investment and participation in the “WEB3 INDUSTRY” has unlimited opportunity for financial success. The rapid rise and virtually unbelievable success stories in this digital-collectible space strongly suggests that this is the time for adoption and penetration as the presence of “BANDWAGON” activity and movement is already evident.