How tokenization is benefiting game developers and players alike

cointelegraph.com:

Tokenization platform Brickken is holding a competition for indie developers — allowing them to raise capital, attract a new audience of engaged players and accelerate their projects.

For years, crowdfunding has been the go-to for game builders looking to make a splash and secure investment for their big idea, and it continues to enjoy significant demand within the game industry.

Statistics from Kickstarter reveal that gaming is still the most popular category for crowdfunding campaigns. A total of 80,163 projects have launched after securing $2.27 billion in investment.

But gaining traction and achieving milestones has gotten more complicated as the market reaches saturation — with even the most promising titles struggling to stand head and shoulders above the competition.

This is where tokenization comes into play and turns gamers into stakeholders.

Before tokenization, a significant barrier to entry for potential investors in emerging gaming projects was the minimum investment required. To make matters worse, those who contributed might not receive much incentive in return.

Tokenization transforms all of this — by automating and token-gating these processes. It opens the door to fractional ownership, meaning gamers on all budgets can take a stake in the projects they’re passionate about. Developers also have an opportunity to give backers a seat at the table — allowing them to vote on key milestones that’ll alter the course of the project in the months and years to come. Communication channels can be walled off to those who have made a contribution too, enabling them to tap into exclusive perks and content.

Moreover, tokenization is a marketing powerhouse for both players and game developers. Players become stakeholders,