Nowadays, technology is mostly incremental. They cost less and last longer. With the acceleration in the invention of the new technology sometimes a different sort of innovation comes along, where a technology serves as the platform for quick developments. These innovations establish market leaders by creating opportunities for a generation of creators like technicians, artists, technicians, or leaders. The blockchain technology is one of those new technologies that are the foundation for an international, friction-free virtual currency like Game or Bitcoin.
There are various industries that are adopting blockchain technology as it provides a new way of looking at privacy, transactions, data, and ownership. It promises to serve as the origin of a new wave of imaginative services and products. If we talk about the gaming industry, the most obvious way to integrate it with blockchain technology is to use the same blockchain-based cryptocurrency to reward in-game achievements and to purchase upgrades. Let’s go through some other ways and see that how can blockchain technology help in transforming the gaming industry.
1. Freedom To Profit
The blockchain technology is more than a cryptocurrency, more than a way of allowing interplay without mediators. It is also a valid datastore that records the moves of game players and serves with a record of how players progress within the game. The blockchain developers have always been able to create such data stores. The next generation of games will be more rewarding, profitable, and flexible for developers as well as for players. The blockchain development companies like OpenXcell provides blockchain services to all the industries including gaming.
There are various industries that are adopting blockchain technology as it provides a new way of looking at privacy, transactions, data, and ownership. It promises to serve as the origin of a new wave of imaginative services and products. If we talk about the gaming industry, the most obvious way to integrate it with blockchain technology is to use the same blockchain-based cryptocurrency to reward in-game achievements and to purchase upgrades. Let’s go through some other ways and see that how can blockchain technology help in transforming the gaming industry.
1. Freedom To Profit
- The determined gamers accumulate lots of in-game rewards.
- The traditional gaming methods used rewards which disappears the moment you log out, as they are only valid within a single game.
- While with the use of blockchain technology, the rewards you earn stay with you, and you can use them however you want.
- One can use those rewards in the game, game store, transform them into cryptocurrency, or hold them as an investment.
- Gaming has become a profession in the esports world already.
- Without the use of blockchain technology, the video game players will have to count on game publishers to convert their rewards into cash.
- While blockchain supports the conversion of rewards into cryptocurrency that the gaming world accepts.
2. Freedom To Create - Blockchain technology allows you to pursue your own goals and convert your gaming experience to your own preferences.
- The blockchain also allows the user to create their own solutions to the challenges they encounter in the game.
- Blockchain’s verified open transaction model provides the facility to create and dissolve such partnerships on an ad hoc basis for free.
- Video game players can establish their own quests and assign achievement points to tasks.
3. Freedom To Collaborate - The games that consist of role-playing adventure enable you to form teams to accomplish quests.
- With the use of blockchain, you might change your time investment and game-playing skills into a career as a game master.
- This type of changes are already happening, on a limited basis, in tabletop role-playing games, but with the integration of blockchain in the gaming industry, you can notice the growth of profession by supporting game masters.
- Payment collections get easier by integrating with a blockchain-based cryptocurrency.
- Blockchain allows the user to send gifts or loans to team members without leaving the game environment.
- It even helps in making interactions with other gamers.
- The blockchain technology is a way to interact and negotiate with other players directly inside the game without using the game’s developer.
The blockchain technology is more than a cryptocurrency, more than a way of allowing interplay without mediators. It is also a valid datastore that records the moves of game players and serves with a record of how players progress within the game. The blockchain developers have always been able to create such data stores. The next generation of games will be more rewarding, profitable, and flexible for developers as well as for players. The blockchain development companies like OpenXcell provides blockchain services to all the industries including gaming.