Goldman Sachs will help Voodoo invest $ 200 million in blockchain games

The video game and blockchain industries clashed with each other after NFT's peak in popularity, which was the catalyst for the creation of the "GameFi" industry. With the new monetization options, players and investors around the world are drawing their attention to new products related to cryptocurrencies. Voodoo CEO Alex Yazdhi has expressed his view that blockchain will change the gaming industry as we know it by allowing for the addition of unique digital assets and items.

According to the CEO, the technology will give players ownership of their digital assets, which allows for a deeper immersion for players. The trading process that includes collecting, trading and holding in-game assets or items is a perfect tool for making gameplay more interactive.

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I The $ 200 million provided will be used to finance various companies that have only just begun to make their way into the development of blockchain-based games. Voodoo is looking forward to creating around 20 in-house studios focused on blockchain game development.

While blockchain wasn't developed with gaming in mind, its transaction recording and verification technology has found a new case of use in the form of NFT, which has become a billion dollar industry.

The GameFi industry is using blockchain technology both to verify unique tokens and as a database accessible from multiple private networks. By adding various records on the chain, each individual can access them but not modify or remove them.