127: Using Blockchain Technology to Redefine the Gaming Industry with Timothy Jooste
Did you know that the global gaming market is set to reach $256 billion by 2025 and that more than 3.2 billion people worldwide play video games?
Another astonishing stat… According to Sensor Tower, players worldwide spent $41.2 billion on mobile games and in-app purchases in Q1 of 2022.
Sadly, with all the money being spent on in-game assets or currencies in video games, the total that players have true ownership over is ZERO!
To give you context, with traditional gaming, players will spend money to buy digital assets, like skins, weapons, and other virtual items. The problem is that they can’t trade them, sell them, or even use them across different games.
Today’s guest, Timothy Jooste, is on a mission to solve that problem. Tim is the Founder of Koin Games, a game development studio focused on building triple-A blockchain games. His team is revolutionizing the gaming industry and bridging the gap between traditional and blockchain video games.
Tim’s vision is to not only develop high-quality games with great gameplay, but ones that will allow players to own their in-game assets, so they can do whatever they want with them.
In this episode, you’ll learn:
✅ How Web3 is revolutionizing the world of gaming and is becoming a $200+ billion market that investors need to pay attention to.
✅ Why Tim quit his cushy sales job making over $3M per year during the recession to pursue his passion for gaming.
✅ The values required to build a world-class team that will 10x the growth of your business.
Tim is recording an exclusive masterclass on Web 3 and its implications/opportunities for entrepreneurs and investors. To get access to this gift, visit LifestyleInvestor.com/127
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To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit LifestyleInvestor.com/127
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