Is Blockchain Going to Change the Gaming Industry?
Blockchain is disrupting the world around us, and gaming — one of the primary targets of this cutting-edge technology — is no exception. Games were the first things used for experiments and research of blockchain, which resulted in interesting projects such as CryptoKitties.
However, the blockchain technology is still in its infancy, which is why there is still plenty of room for exploring and enhancing the experience of gaming.
Blockchain Will Give Value to In-Game Items
Online video games such as World of Warcraft use in-game money to trade items, and some of them are really expensive because they are difficult to come across. However, their value would further increase with the introduction of blockchain and the use of cryptocurrencies. Players would be able to sell virtual items for fiat currencies and even earn by trading them. However, there’s much more to it. Read on!
Let’s go back to CryptoKitties once again. The game uses a technology called Genetic Algorithm, which works pretty much like genes in our world — creating unique cats as a result of genes being combined. The GA determines how a new kitty will look like and affects its fur patterns, face, stripes, and background color.
CryptoKitties run on Ethereum, which is a platform just like Bitcoin, except for the fact that it doesn’t only focus on cryptocurrencies but offers a complete framework for building decentralized applications (dApps). None of the unique kitties on blockchain can be modified or erased, just like cryptocurrencies, which is why they have real value. In fact, some crypto kitties were sold for more than $100K a while ago.
That could happen with items on blockchain too. Imagine a developer making a unique armor that doesn’t exist anywhere and cannot be modified or destroyed since it is stored in all computers that are a part of the blockchain network for a particular game. That could lead to a real revolution in gaming, making games more exciting than ever!
Blockchain Will Improve Casino Games
The online casino industry has already had a lot of breakthroughs and is getting more and more popular by the day. Platforms such as Betfair online casino offer hundreds of games that are not only immensely entertaining but can also award the luckiest players with hefty prizes.
Some might consider blockchain a logical step forward for all casinos, while others deem it just one of the possibilities to branch out into.
Parallel Universes and Blockchain?
The World of Warcraft universe may be popular, but it would be even more interesting in combination with universes from other games. Blockchain could make that a reality if companies that create games reach an agreement. A distributed ledger can make this feature possible since all data would be smart contract-verified.
Safe and Sound!
Encrypted blockchain ledgers could put an end to hackers accessing your gaming account and stealing your items. This virtually impenetrable technology that uses encryption as its main weapon will make sure that you enjoy your gaming activities without worrying too much about possible attacks. Your virtual items will remain untouched, safely stored, and encrypted.
It Is All About Democracy in Gaming
Democracy may not be approved of in every country in the world. Nevertheless, it is the best thing that has happened to the gaming community because voters get to decide on many things nowadays. However, the problem with users voting is that votes can easily be manipulated. There is always that central authority that counts and publishes the results.
All of that will change with the introduction of the blockchain technology that will impose a new level of democracy and make votes impossible to manipulate. Smart contracts will impose rules that nobody will be able to avoid in any way, resulting in better gaming experience and higher fairness levels in all games that use the blockchain technology.
Blockchain is slowly penetrating every area of our lives. In fact, it has been a part of the gaming industry for quite a while now, even though few options are explored when it comes to combining games with this disruptive technology.
Some of the features listed above are either planned or partially developed, but there are still no cases of games making the most of the blockchain technology. The future may bring many new and exciting features into the gaming industry, but one thing is certain — blockchain is here to stay, and it will go hand in hand with games.