Blockchain Technology is continuously transforming the Financial Industry, which seems that Blockchain and Finance is a perfect pair. There is another one industry in the list that is being uplifted by Blockchain. It is the Gaming Industry !!
In recent days, the gaming industry is growing drastically, as the video gaming world is expanding each second with the growth of new developers, players, technologies as well as developers. This video gaming could make about $ 300 Billion by 2025. The eSport industry is also one of the booming industries that make high turn over.
Blockchain Technology for Games
Blockchain Technology is being implemented in many industry verticals for its betterment. Likewise, Blockchain can be used in the Gaming Industry for its growth. There are so many ways to apply blockchain in video gaming.
Blockchain Technology can be used as a payment mechanism for purchasing games. This distributed ledger technology can be used to create and manage in-game currency accounts.
In normal modernized video games, when a player crosses different levels, rounds, stages, they are being rewarded with coins, currencies, gem, other collectibles that identify their level of worth in the respective game. Here blockchain technology can be used to manage complete backbone function.
Blockchain as a Game
In the market, there are some desktop and mobile applications that offer blockchain as a game. As the gaming industry is on hype and every minute there is a release of new games online. Most of the gambling companies provide less or no transparency to their players.
Thus, creating blockchain-based gambling can add needed certainty and also safety to the players. In particular, peoples of this digitized world, who tempts and addicts to the games will have a special invite to the Blockchain Games and live in it.
As released in 2017, Cryptokitties - A first-developed Blockchain-based video game has created a huge interest among video game players. This Cryptokitties game allows players to purchase, collect, breed and sell different kinds of virtual cats.
Explore here the benefits of Blockchain Technology in Gaming Industry !!