'Bright Star Studios,' the developers behind the game 'Ember Sword,' have sold digital land deeds to over 35,000 consumers. These consumers have collectively pledged over $200 million to both support the game and secure ownership of an in-game plot of land. This is a new form of monetization to massively multiplayer online role-playing games (MMORPG) that comes paired with a heightened level of immersion.
In addition to owning a plot of land with a real-world price tag, the game will have its own NFT items and an ERC-20 token named Ember. The in-game system will be centered around earning and trading this cryptocurrency for either in-game elements, such as land and useful items, or for tangible real-world currency. This means that, beyond a simple MMORPG, Ember Sword could potentially function as a career.
Image Credit: Bright Star Studios
Key Themes Behind This Trend
- Nft-based Monetization
- Ember Sword introduces a new form of microeconomic system for MMORPG players through selling digital land deeds and integrating an ERC-20 token and NFT items within the in-game system.
- Crypto-gaming Economy
- Ember Sword presents a disruptive innovation opportunity by creating a new source of income, allowing not only individual gamers but also game developers and content creators to earn and trade cryptocurrency in an immersive and interactive environment.
- Virtual Asset Investment
- Ember Sword is pioneering a new market for virtual real estate investment, signaling a potentially lucrative trend for businesses looking to invest in the virtual asset economy.
Where This Applies
- Video Game Development
- Video game developers can explore the possibility of incorporating NFT-Based monetization systems to improve their game's microeconomy.
- Cryptocurrency
- Cryptocurrency companies and investors can research and invest in the growing crypto-gaming economy, which has the potential to be a significant source of revenue.
- Virtual Real Estate
- Businesses interested in investing in new markets can explore the virtual real estate industry, following Bright Star Studios as a model for monetization and profit in this emerging market.
