Ever wanted all the money you earned in games to be real? Didn’t you wish how every time you earned those coins, you could use them for other things as well? Is your childhood staring back at you with gleaming hope if I tell you all of this can be true? DO we have you feeling like this yet?
Keep the sparkle alive buddy because with blockchain all of this will be coming true!
Time to bring out the gaming console that you packed away years ago with a broken heart because no one took you seriously because blockchain is set out to revolutionize the gaming industry. Virtual games have been using gold, credits or something else entirely in the form of virtual money long before Bitcoin ever existed. Hence, gamers are already experienced in trading digital assets. However, the ownership has always been the catch; whatever item you possessed in these games was never really yours and limited to that specific game only. The crypto-enabled game takes it one step ahead and gives you the ownership to those in-game items. Games will have their own decentralized economic system where power will be shared between the players and the developers, creating a level playing field between the two.
Under the conventional game model, the production studios – NOT the players – are the ones that hold the ownership. So, you might be completely invested in this game – probably more than your relationship – and BAM! The studios decide to discontinue it. (Pain level experienced: your favorite show getting canceled or your ex ghosting you.)
The crypto-enabled games could solve all these problems by granting them full control to the in-game inventory items. You’ll earn money by completing levels/quests, defeating enemies, selling your virtual items or spending real money.
This could really transform the future prospects of the gaming industry, attracting an even wider population. The opportunity to earn real money will generate a greater interest in people. And who knows the older generation might start seeing this as a serious career and support their children’s dreams of becoming professional gamers.
All of this is right now under construction and popular games like World of Warcraft, Clash of Clans, Fortnite, etc. are planning to go through with this. There’s still some time for these innovations to be fully operational but we know its worth the wait. For now, some games which are already making use of this are Cryptokitties and Parsec Frontiers. People are breeding virtual cats and selling them at a profit. And in Parsec Frontiers players explore outer space and trade goods with galaxies in search of financial games. It’s a good idea to check these games out to know what the future gaming world might look like. Till then let’s close our eyes and dream for all of this to be mainstream.