Fly-to-Earn (F2E), a brand new and upcoming incentive mannequin that rewards customers to take part in flight actions, has gained important traction within the cryptocurrency business within the latest previous. The rising recognition of real-world belongings tokenization (RWA) and the gamiFi business within the latest previous has attracted extra institutional buyers looking for to diversify their crypto portfolios.
As of this writing, the RWA area had a market cap of about $19 billion while the gamiFi sector had a valuation of about $22.7 billion. With the continuing mainstream adoption of blockchain expertise and web3 protocols, the F2E is predicted to develop exponentially within the coming years.
Nearer Have a look at the F2E House
The idea of Fly-to-Earn has closely leaned to the digital actuality realm together with the gaming and simulation business in comparison with the precise actuality. For example, the Microsoft Flight Simulator 2024 allows gamers to earn in-game foreign money and different digital rewards by finishing missions and flights.
An analogous mannequin has been included by some blockchain and cryptocurrency-focused firms to show digital flying into an incomes alternative. For example, BlockAirGame has been growing an F2E mannequin the place customers can win completely different crypto belongings led by Polygon (POL) by means of taking part in flight-related video games.
In the true world, a number of startups have targeted on the F2E business. For example, Satoshi Airways, launched the Fly to Earn app, the place air journey is mixed with blockchain expertise to reward customers.
Earlier this month, Spexi, a rising standardized ultra-high decision drone imagery community, raised $11.5 million in a collection A funding spherical led by BlockChange ventures to increase its companies globally.
