BITGUILD: How Blockchain has opened the new era of the gaming industry

An interesting fact, that you might not know, is that we have played games for thousands of years. Indeed, with archeological evidence, scientists have discovered, that games have been playing by us since the dawn of human being. With the flow of time and through the revolution of technologies in the 20th century, in the 1990s, for the first time, video games appeared and quickly became extraordinarily popular. Since that time, the gaming industry has been formed and grown unbelievably fast. It’s been not easy to find someone born after 1990 who isn’t a regular gamer. It could be easily noticed that we as the human being are spending more and more time diving in the media world. Especially, one of the most attractive things in this era is game.

Along with the dizzying development of the video game industry, the game’s business models have also changed steadily. At first, the pay-to-play model has dominated the video games market for decades. Simply explained, with this model, players are required to pay a fee once or monthly to play the game. Typical examples for this model are Arcade games and MMORPGs (Massively Multiplayer Online Role-Playing Games). In the second place, the free-to-play model has come and occupied the previous one. With this model, players don’t need to pay the initial fee to get access to the game. Instead, game developers profit by providing users with the ability to purchase items from their in-game stores with real money. And so, with certain advantages, this model has become the most popular gaming business model until today. Though, it doesn’t mean that this model has no weaknesses.

In addition to profitable game developers who only sell cosmetic items for characters, there are developers who make money by providing players with the ability to upgrade their character’s strength with real money. These games are usually assumed to be built with the pay-to-win model.

The general weakness of every single game is that players spend a lot of time and effort developing their characters or collecting virtual coin to buy their favorite items. But when they want to quit that game, everything that they’ve acquired is going to be gone, forever. There’s no way that their characters, virtual coins or items can be taken out. This difficult problem right here can be solved by BITGUILD — a superior blockchain gaming platform.

Blockchain technology-based games are not a new thing. In fact, some developers have produced and published successfully some blockchain-based games. Among them is CryptoKitties. The unique feature of this game is the ability to store characters and items on the player’s ERC721 wallet, not on the developer’s server like other game platforms. The question of whether this game really reaped the great success remains unanswered. But it’s certainly opened up a whole new era for the gaming industry. Blockchain-based games have been tackling the searing problems that game developers and gamers have faced for the past few decades.

The special features of the blockchain-based games are:

True Ownership of In-Game Characters and Assets

Indeed, blockchain-based games give players the ability to store their virtual items in their personal digital wallet. So players can easily control their virtual assets and no one other than the player can touch these assets.

Cooperative/Competitive Global Gameplay

We all know that gaming is a collective activity. Rare games are enough to hold players for too long if they play alone. Evidence for this is that, currently, dozens of online games are holding a huge market share in the gaming industry. Here the game developers have successfully provided their gamers a vibrant and meaningful gaming community. That is the reason for the success of online games.

But if we look closely, we would see a problem in the distribution of gaming networks. The server system of the majority of current online games is too fragmented. That means, in the same online game, there are too many servers. That makes gaming across the continent impossible.

But with blockchain technology that will change forever. Indeed, with the blockchain system, the decentralized account system and the blockchain-based virtual currency will eliminate all geographic barriers that enable gamers worldwide to play the same game together.

Cheap and Safe Game Item Trading

In general, most of the games that are dominating the market today are built on the platform which seems to be limiting or preventing players from exchanging or buying items in the game as well as with real money.

To be fair, not all games need to be based on the blockchain platform. Only the games that their items have so much value for players should be based on this platform. And if so, blockchain technology would indirectly or directly create a new generation of games with the sale and exchange of items in it extremely exciting and dynamic.

True Microtransactions

As we all know, people are generally afraid to pay big sums. But when faced with small amounts of money, we are very generous and willing to pay. That is one of the reasons for the success beyond the expectations of the free-to-play game platform. Players usually don’t pay attention to small amounts of money, and therefore willing to spend heavily.

But with traditional payment systems in today’s games, small transactions are virtually restricted. That is because the structure of payment system in the most traditional games platform has some problems. The main reason is that the transaction fees from these platforms are relatively high. But with the blockchain platform, this difficulty will be resolved easily.

Zero Fraud

In traditional payment and transaction methods, errors in the transaction may appear. This makes the transaction or payment in large numbers become very tiring and stressful. Just a small mistake that we have to scrutinize the transaction and correct it properly. The whole process could take a lot of time and effort. But with the blockchain program, this problem becomes extremely easy to solve. We do not need to worry about errors during the transaction as well as during the payment.

Conclusion

Overall, it can be said, the blockchain platform has blown a new life into the gaming industry. It brings a number of breakthrough innovations and has opened up a new era for the entertainment industry. And therefore, the platform Bitguild promises to bring great success in the future.

Useful links

Website: https://www.bitguild.io/

Whitepaper: https://www.bitguild.io/assets/bitguild-whitepaper-v0.72-en.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=3090005

Telegram: https://t.me/joinchat/HtbMeE8YtEEDQExesDQgPg

Facebook: https://www.facebook.com/bitguildplat/

Twitter: https://twitter.com/BitGuildPLAT

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