James Smith

James Smith

1657544016

Blockchain in Gaming – Potential, Limitations, and Real-World Examples

Blockchain technology is the next big thing in the gaming industry. Blockchain-based games have been all around the corners for a few years. However, the industry has seen a surge in the number of games in recent times. This technology has opened new opportunities for businesses that want to create decentralized gaming apps.

As per the latest Technavio report, the global gaming market is expected to grow by $125.65 billion, increasing at a CAGR of 12.40% from 2020 to 2025. The integration of Blockchain technology in gaming apps is the significant factor driving the market growth.

The graph given above clearly explains the growth in the gaming market. However, to further know more about Blockchain in the gaming industry, let’s move forward to our blog that addresses some of the aspects related to exploring the potential of Blockchain 

in gaming and its limitations. Some real-world examples and the future of Blockchain in the gaming industry, which is slowly gaining popularity among business owners and entrepreneurs. Let’s delve deeper to understand more.

But before moving forward to introduce blockchain technology in gaming, let’s understand what is blockchain and how a blockchain development company can help to use it in the gaming industry.

What is Blockchain and how is it used in gaming?

Blockchain is a decentralized and distributed digital ledger that enables secure transactions and maintains records. It has created a new gaming experience for both businesses and players who use NFTs and cryptocurrencies to purchase in-game assets that could be exchanged for real-life money. For instance, Axie Infinity has millions of players globally that use Ethereum-based cryptocurrencies.

Role of cryptocurrency in gaming

With its popularity in the gaming industry, cryptocurrency has also evolved. Cryptocurrency is a digital currency that uses cryptography to secure, verify and facilitate transactions. It allows users to make payments online without going through traditional payment systems like banks and credit card companies. 

Cryptocurrency, such as Bitcoin and Ethereum, enables secure and fast payments for various in-game purchases, like avatars, power-ups, themes, unique artifacts, etc. It also allows players to earn rewards or Crypto tokens while playing games.

With a significant boom in the gaming industry, you can’t deny the changing cryptocurrency trends that took away the entire gaming market. Moreover, with the rise in crypto games/blockchain games, there are various ways in which blockchain technology is being used in the gaming industry that include:

NFT’s

NFTs are non-fungible tokens that can be traded or used within blockchain games to purchase characters, memes, videos, and other digital assets. NFTs create a way for gamers to own their digital possessions truly. This gives players more control over what happens to these items and makes them easier to trade and sell since there’s no need for an intermediary like another player. 

Play & earn

Blockchain has given rise to a new sub-genre called “Crypto-Games.” Crypto games are different from traditional games because they allow players to earn cryptocurrency (or digital currency) by playing the game. Cryptocurrency from these games can be converted into real money or used to buy new items within the game. So how does this work? 

When you play a crypto game, a cryptocurrency is rewarded to you that can be used outside the game in “the real world.” The idea is to encourage gamers to continue playing by giving them an incentive in cryptocurrency so that they can redeem it for real-world goods and services.

Virtual events and tournaments

Virtual events and tournaments are a critical component of the overall gaming industry. For decades, virtual events have been organized globally, which requires many resources for managing teams, prize pools, and event venues. However, many challenges have been faced in this process, such as the high registration cost, ticket prices, bandwidth, cybersecurity, etc. Also, it isn’t easy to verify the rewards participants earn.

Blockchain technology can make this process easier by providing the ability to track and verify who has received the rewards for their matches or competition wins. Blockchain technology is decentralized and offers secure transactions among users, and it automatically tracks data from any network where it is implemented. Therefore, it is easy for gamers to participate in virtual events and tournaments using blockchain technology.

According to a Newzoo report, In-game transactions will generate 9.6% revenue growth on a mobile platform by 2023.

While the above discussed are a few ways that allow users to earn digital assets cautiously, there’s no doubt to it that the gaming industry is transforming using blockchain technology. How? Let’s find out.

How is the gaming industry transforming using Blockchain technology?

It’s evident that Blockchain technology has been around for a while, but it recently received more attention for its potential to transform various industries. In recent years, due to its benefits in the different sectors, it’s seen as the first choice for the gaming industry. 

Some of the benefits of Blockchain that are helping transform the gaming industry and build blockchain games include:

Secure and transparent transactions
Blockchain is a secure, transparent, and immutable technology, ensuring no double-spends or fraud in transaction records occurs. It adds a layer of confidence to users when engaging in digital transactions and makes it ideal for games where users share sensitive data or virtual assets, such as in the case of NFTs.

Enhanced security

Since Blockchain offers an additional layer of security by using encryption systems such as Secure Messaging and Two-Factor Authentication, it can protect sensitive data such as player information, game data, and user transactions from being tampered with or hacked.

Improved user experience

Blockchain can help improve the overall user experience by providing a more efficient, secure, and transparent way to engage in digital transactions and access virtual assets.

With blockchain gaming, users have more control over their gaming experience. This trend has manifested itself in several ways, from allowing players to create their characters, storylines, and even playing. Also, it enables them to download various video games in different versions from any location without risking their gaming experience.

Verifications

A blockchain gaming platform helps ensure that all transactions and interactions between different parties are verified and legitimate. This helps prevent fraud, one of the most common challenges in modern-day gaming platforms. In addition to verifying transactions, businesses can also use Blockchain to guarantee that no individual or party has been paid twice for the same service or goods rendered since each transaction is recorded.

Trading resources

Players can trade their items for profits or other resources. Since Blockchain creates a record of each item and its ownership, players can deal with complete confidence, knowing that their items will not be stolen or duplicated. It also allows them to sell or buy in-game assets from other players.

Earning rewards

Players can earn rewards in the form of cryptocurrencies by completing quests and missions. In traditional games, players are rewarded with points that have no monetary value outside the game itself. But, with blockchain-based games, they can earn cryptocurrencies to use as real money to purchase items from other players or even buy products on e-commerce websites.

Creating integrated gaming profiles

As blockchain games are the new talk of the town, it is possible to create a centralized community where users can access different games. It allows users to have one profile that they can use across multiple platforms, thus enhancing their user experience and making it easier to access different games and purchase items.

Compared to traditional gaming, blockchain games have taken over the entire gaming industry. While there are many benefits of using blockchain technology in gaming, there are some limitations as well.

Read more about: blockchain gaming

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Blockchain in Gaming – Potential, Limitations, and Real-World Examples
Games DApp

Games DApp

1604751766

Blockchain Game Development | Blockchain Solutions for Gaming

Blockchain technology has recently become a phenomena in driving innovation, growth and bringing added value. Among all gaming industry is the most noteworthy of these sectors. Gaming is one of a use case that drives the adoption of blockchain technology by taking the incentive for the user from pure speculation to transactions on a blockchain platform. This propels innovation in development as well as consumer adoption.

The integration of blockchain technology is attributed to a variety of its benefits that overcomes the flaws of the conventional gaming industry. Here’s how blockchain has fared better than our traditional gaming platforms.

Hence almost all traditional gaming platforms are centralized. And, unfortunately, hackers love the centralized system. Because all they need to do is hack the network once to own all of our data, including our private payment keys.

Here comes the role of Blockchain Technology!!!

Blockchain Game Development

The decentralized nature of blockchain makes every transaction secure. Our data is protected. It is impossible to crack. Thus it provides a safe gaming environment.
Blockchain’s impact on gaming should be groundbreaking. And it’s about time we adapted to the new secure norms of entertainment.

Blockchain Game Development Company

GamesdApp is a Blockchain Game Development Company that has been in the gaming industry for 4+ years. We build both traditional and entirely innovative games on top of blockchain platforms like Ethereum, TRON, (or) EOS DAPP network with advanced functionalities to secure in-game digital asset transactions.

TRON DApp Game Development

ETH DApp Game Development

EOS DApp Game Development

For Instant Contact ,
Call/Whatsapp: 9442164862
E-mail: support@gamesd.app
Skype: live:support_60864

#blockchain game development #blockchain solutions for gaming #game development company #blockchain game development company

5 Blockchain Applications That Have Transformed the World of Technology

The blockchain is the decentralized database of the blocks of information, which gets recorded in the chain format and linked in a secured crypto graphical manner. This technology ensures proper safety of the data due to its secure nature, and it totally changes how people carry out transactions. It also brings about a faster and secure process of validating information needed to establish reliability.

Though blockchain technology came into the market to carry out only digital transactions, it is now used in various industries like supply chain, finance, health care, and many more.

The blockchain technology has made its position in mobile app development as well. Blockchain applications are transparent and accountable. From getting easy access to medical records and buying insurance, you can see blockchain applications everywhere.

Here are some of the areas where you can see the use of blockchain applications and how they have changed various industries.

1. Ripple

Ripple is useful for increasing banking transactions. The implementation of blockchain technology in the financial sector is much more profound than any other sector. Ripple proves this. It is one of the greatest tools to record and complete financial transactions.

It develops a large network despite strict physical boundaries. As there is no such third-party involvement present, the cost of these transactions is lower than usual. At the same time, the network also remains transparent and quite secured.

It is normally seen that financial transactions that happen globally are

error-prone and take a lot of time. In addition to this, when the transaction

fees and exchange rates get added up, the total cost usually gets high.

However, Ripple offers real-time international transactions without spending too much money. It has the network of about 200+ institutions making the process affordable, secure, and fast for all sorts of international transactions.

2. Etherisc

This blockchain application helps in automating flight insurance. Insurance is another area where blockchain is gaining popularity. Through this application, insurers can make smart contracts rather than getting involved in the traditional contracts that are usually complex. Etherisc is the blockchain application that helps customers buy flight insurance. If the flight gets canceled or delayed, they do not have to wait for months to get the payment back. This application ensures an on-time payout.

#blockchain #blockchain-technology #blockchain-development #blockchain-use-cases #blockchain-a #blockchain-technologies #technology #decentralization

Devin Pinto

1606217442

Blockchain Certification | Blockchain Training Course | Blockchain Council

In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors of the industry. It also has the ability to be one of the career-influencing innovations at the same time. We have seen an increasing inclination towards the certification of the Blockchain in recent years, and there are obvious reasons behind it. Blockchain has everything to offer, from good packages to its universal application and futuristic development. Let’s address the reasons why one should go for Blockchain certification.

5 advantages of certification by Blockchain:

1. Lucrative packages- Everyone who completes their education or upskills themselves wants to end up with a good bundle, not only is one assured of a good learning experience with Blockchain, but the packages are drool-worthy at the same time. A Blockchain developer’s average salary varies between $150,000 and $175,000 per annum. Comparatively, a software developer gets a $137,000 per year salary. For a Blockchain developer, the San Francisco Bay area provides the highest bundle, amounting to $162,288 per annum. There’s no point arguing that learning about Blockchain is a smart decision with such lucrative packages.

2. Growing industry- When you select any qualification course, it becomes important that you choose a growing segment or industry that promises potential in the future. You should anticipate all of these with Blockchain. The size of the blockchain market is expected to rise from USD 3.0 billion in 2020 to USD 39.7 billion by 2025. This will see an incredible 67.3 percent CAGR between 2020-2025. To help business processes, several businesses are outsourcing Blockchain technologies. This clearly demonstrates that there will be higher demand in the future for Blockchain developers and certified Blockchain professionals.

3. Universal application- One of the major reasons for the success of Blockchain is that it has a global application. It is not sector-specific. Blockchain usage cases are discovered by almost all market segments. In addition, other innovations such as AI, big data, data science and much more are also supported by Blockchain. It becomes easier to get into a suitable industry once you know about Blockchain.

**4. Work protection-**Surely you would like to invest in an ability that ensures job security. You had the same chance for Blockchain. Since this is the technology of the future, understanding that Blockchain can keep up with futuristic developments will help in a successful and safe job.

**5.**After a certain point of your professional life, you are expected to learn about new abilities that can help enhance your skills. Upskilling is paramount. Upskilling oneself has become the need for the hour, and choosing a path that holds a lot of potential for the future is the best way to do this. For all computer geeks and others who want to gain awareness of emerging technology, Blockchain is a good option.

Concluding thoughts- opting for Blockchain certification is a successful career move with all these advantages. You will be able to find yourself in a safe and secured work profile once you have all the knowledge and information. Link for Blockchain certification programme with the Blockchain Council.

#blockchain certificate #blockchain training #blockchain certification #blockchain developers #blockchain #blockchain council

Games DApp

Games DApp

1605184322

Build Blockchain Game in ICON network

Blockchain gaming has a massive reach and building games in cryptocurrency are a great investment. We all hear about cryptocurrency games in eth, eos, Tron and so on. Now icon networks also step forward to build games with icon currency (ICX).

ICON is a cryptocurrency platform designed to connect various Blockchain technology by allowing them to interact with each other via smart contracts. Developers define ICON as an attempt to build one global decentralized network that will embrace all the others. ICON has a lot of unique features not common to the other projects

These games are built with a smart contract that provides more security, transaction transparency and interoperability. Once the smart contract is written no one can able to change the format. This quality stimulates crypto lovers to invest in blockchain games.

If you are the one who gonna build blockchain games then find the perfect blockchain experts to fulfill your needs.

Gamesdapp who have a blockchain experts to implement the new ideas in dapp, render the output with all the user’s needs.

**Get free consultation with blockchain game developers >> **https://www.gamesd.app/#contactus

For Instant Contact ,
Call/Whatsapp: 9442164862
Telegram: https://t.me/Gamesdapp
Skype: live:support_60864

#game development #icon network #blockchain game in icon network #blockchain games #blockchain game development

Autumn  Blick

Autumn Blick

1602725002

Blockchain Gaming: A Paradigm Shift in Economic Modeling

Mobile as a gaming platform has dominated the gaming industry. Nearly 51% of the global games market came from mobile. It is expected that by 2021, mobile games revenue will grow to 100 billion dollars. Today mobile game developers pay a commission of 30% for any lead from the app store (paid app) or in-game transactions.

In comparison, blockchain games and collectibles are a niche market with a unique economic model. One of the prominent catalysts for the digital asset game/collectible in blockchain was CryptoKitties. Launched in 2017 on ETH network, the entire scope of gameplay surrounded collecting, breeding and auctioning kitties. It created a new economic model for players where new game assets are created and sold to other players just like a regular cryptocurrency.

The most expensive CryptoKitties asset ever sold was for over $170,000 in 2018. As a result, many swamped the game to breed and sell virtual cats. The popularity reached a point that the Ethereum network slowed down massively due to transaction overload.

Today, CryptoKitties is now a larger part of “KittyVerse”, an extended realm of CryptoKitties consisting of several game developers. This community has developed several games that utilize the ERC-721 kitties as an asset in these games (e.g. Kitty Race), thereby extending the asset utility in other games and making the experience better for everyone.

Blockchain game economic model:

Since the evolution of CryptoKitties, many blockchain-based games have evolved and are beginning to display signs of future potential. To date, there are 750+ blockchain-based games/collectible dApps in existence across multiple platforms, source: dapp.review.

Blockchain game developers monetize their in-game assets in pre-sales / crowd sale and post-game launch, collect a small proportion of fees or royalties from each digital asset transaction (as illustrated below), thereby providing game developers a better ability to monetize their creations properly.

#non-fungible-tokens #nft #blockchain #blockchain-gaming #game-development #blockchain-development #gaming-industry #nft-tokenization