The gaming market is growing at a fast pace. With more than 2.2 billion active gamers in the world, the UK gaming sector generates £3.864bn, making it larger than music and video combined. Revenue from digital gaming, accounts for 87% of the UK market. Globally the industry generated $135bn in 2018.
The market is indeed so attractive that even the ‘big tech’ companies are moving into it. Earlier this week, Apple was said to be investing more than $500 million for its Arcade service, which will let users play exclusive gaming titles across their Apple devices ad-free and offline.
Google is also reportedly entering gaming. In March, the tech giant released a note about Stadia, its new platform that aims to deliver instant access to games on gadgets like laptops, tablets and mobile devices.
Gaming can provide one of the first playgrounds for experimenting with new technology, and the emergence of technologies such as blockchain, machine learning and virtual reality are changing the landscape of gaming as they become integrated into those platforms. The addition of these technologies is making the gaming experience a lot more sophisticated, fun and ever lucrative for users.
Gaming Integrating Blockchain
Technology pioneer OBC debuts in gaming space; Q&A with CEO Clem Chambers:
“Blockchain is a mechanism to open the gaming market up further and take in-game values into the real world and vice versa.”
Earlier today, pioneering tech company Online Blockchain (OBC) announced its brand new blockchain-based gaming product FreeLoadr. FreeLoadr is a multi-platform application which allows gamers access to PC games for free in exchange for running the FreeLoadr application on their personal computer. The user donates “hash power” to earn points, which they can redeem for products on the FreeLoadr store’s selection of 2,500 titles.
OBC has been acting at the forefront of technology for decades. Previously known as On-Line plc, the company gained prominence during the dotcom boom. In 2017, the word ‘blockchain’ was added to signal its move into the fast growing blockchain industry. With the opportunity growing within the gaming sector, OBC is using the versatility of blockchain and developing applications with high user-case value and tailored for the needs of gamers. OBC also identifies and invests in strong projects in the space such as US-based gaming company Encryptid. OBC invested US$100,000 in cash in exchange for a 35% interest in the company.
Since then, OBC has developed multiple projects at a global level, envisioning widespread adoption of cryptocurrencies and exploring early stage opportunities for blockchain applications.
Cassiopeia Services talked to OBC CEO Clem Chambers about FreeLoadr, blockchain in gaming and opportunities in the industry. Chambers is a well-known figure (Maverick Genius) in the City of London, having made a sizeable fortune in the dot.com boom.
HEAD OVER TO OUR MEDIUM HANDLE TO READ THE FULL INTERVIEW : https://medium.com/@cassiopeiaservicesltd/blockchain-applications-bring-more-value-to-gamers-leading-the-evolution-of-the-multi-billion-bb66d1c1788b