Gamers and gaming companies have been comfortable with non-standard digital currencies for years. To them, crypto trading signals and blockchain represent a natural evolution of an existing concept. With the rising legitimacy and popularity of esports, the gaming world will lead the way in blockchain adoption.
The gaming scene tends to appeal to people with more technological savvy than the general population, which makes gaming the perfect testing ground for new blockchain functionalities. Multiplayer systems, payment structures, and game assets could all soon take advantage of blockchain’s capabilities. Plenty of gaming companies have already tested the waters. Sony plans to launch a blockchain-based video game starting with the PlayStation 4.. Epic Games, the studio behind Fortnite, is researching new ways to incorporate blockchain into gaming experiences. While others talk about the future of blockchain, the future gaming industry is already living it. best penny cryptocurrency to invest in 2021
In the gaming industry, the decentralized, steady, and secure properties of blockchain can make it a popular tool as games — and their growing assets — become more complex. As developers build new games or in-game advancements, blockchain is set to improve the user experience through ownership, globalization, and more. how does cryptocurrency gain value
Owning Hard Earned In-Game Tools
Game developers are continuously expanding the pool of in-game purchases, extending playtime by enticing gamers with the objective of earning these assets. But currently, despite hours of effort to earn these in-game tools and upgrades, gamers still do not own the digital assets. Developers are able to change — or even remove — the assets at their discretion.
Blockchain-enabled developments can transfer the ownership to the players. Smart contracts, which are lines of code stored on the blockchain that can automatically execute when the predetermined conditions are met, allow assets to be automatically transferred to the player. The immutability of blockchain data means that with smart contracts, developers cannot take these assets back. With this development, gamers are therefore able to monetize their skills — selling their game-winning digital assets, exchanging with or even buying from other players to progress in their favorite games.
Instant Worldwide Exchanges
Gaming is a global industry, with professional players from all over the world coming together through digital platforms. Transferring or buying digital assets across the globe, however, has been more difficult, with processes taking multiple days and putting the brakes on games between players in different countries. Blockchain enables almost instantaneous payments across the world, lifting the restrictions currently on global multiplayer games. Blockchain technology — such as stablecoins — can essentially mirror any asset and are not subject to trade embargoes or other constraints.
As it makes transactions more transparent and efficient for players, blockchain can revolutionize the gaming world by creating opportunities for both players and developers that enable a new entertainment market.
References
The Gaming Industry Will Emerge As A Major Use Case – https://www.ces.tech/Articles/2020/August/How-Blockchain-Can-Build-the-Gaming-Economy.aspx
