During the pandemic of COVID-19, the screen time has rocketed and the economies around the world are going down. Some people thought this would be the time for cryptocurrencies to grow. However, in recent months, the value of the cryptocurrencies hasn’t gone up.
Growth of block-chain gaming and messaging apps during the covid-19 lockdown.
“The Hodlers” didn’t consider the crypto games and toys to be a valuable asset, but they are growing during the lockdown.
Digital gaming
World of gaming can be separated into the genres. Platforms like digital casino and betting have more players than regular video games. Both directions are very important for digital gaming but the online casino has more exposure as they are always on the verge of implementing the latest tech achievements. Especially Canadian online casinos have made a big name in global competition because they were first to install blockchain payments. When the Bitcoin was on the verge of popularity and the value of BTC was up to $18000, the Canadian government legally gave a chance to casino to offer Bitcoin payments. The trend of bitcoin casino Canada was born and it got the attention of millions of gamblers around the world. Bitcoin is the new mecca of digital money, so gamblers who were not interested in traditional ways of transactions started playing BTC casino games. Blockchain technologies have changed the digital gaming as it’s the most secure way to manage funds. Players focus only on gaming and they don’t worry about the financial issues they could get from government, banks or third-parties (financial companies) as crypto is not controlled by anyone. Since 2017, Crypto has allowed digital gaming space to grow rapidly.
Video and mobile games are also booming. War Riders, a game that gives their users access through non-fungible tokens has seen a 70% rise in the number of their users.
Lucid Sightsees more players, playing longer than before. The time spent at one session rose to 60 min from 20 minutes before the COVID-19 crisis. The number of toys that they sold over the last two months rose by 70%.
Messaging
In 2017, “Status” raised $107 million in ICO to compete with WhatsApp with an app with a wallet of Ethereum. However, the Crypto Winter in 2018 affected Status badly and in December of 2018, Status had to let 25% of its staff go. Status seems to be becoming more popular now. “With the rise of government surveillance increasing across the globe as an effort to curb the spread of COVID-19, we suspect people are turning to privacy-preserving tools like ours,” Status marketing chief Jonathan Zerah told CoinDesk in an email.
Kin ecosystem
Kin is a blockchain that is focused on making its fork of stellar the top blockchain of the world. Kin has over 50 apps where people can earn kin tokens and spend the same apps. Kin had over 2 million spenders in March and is expecting the number to rise.
MadLipz, an app that enables the users to shoot a video and then making a voiceover. The number of users of the app rose by 42%, from 8 to 615,000 weekly users in mid-March over a week. The time spent on an app rose by 3 minutes.
Another app by Kin Rave, where people can watch videos, listen to songs and entertain themselves with other media, while commenting on it in real-time also saw a growth in the number of users, from around a million monthly users to a multiple million monthly users.
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