The gaming industry seems to be evolving faster than a Bugatti Veyron Super Sport at full-speed. We’ve come a long way since pixelated blobs and bouncing lines with 4K video games in HD being quite the norm. And while there’s still a market for retro classics, the gaming sector has well and truly been catapulted into the 21stcentury — particularly thanks to blockchain tech.
Blockchain! Yes, the decentralised force behind cryptocurrencies like Bitcoin looks set to become more and more integral to the gaming world. Players are continuously looking for consistency, flexibility, transparency and privacy and that’s exactly what can be achieved through a blockchain platform.
Sounds good right? That’s because there’s so much potential. So, let’s take a sneak peek into what’s happening now and what the future may hold.
Rules of Ownership
In today’s gaming world, the rules of the in-game economy are often rather unclear — a bit like the washed out, blurry graphics that used to keep us entertained.
The items that are bought within a single game can’t be used for further transaction in other games. The problem is that players often consider themselves the owner of these items, due to the huge time invested in earning them and the fiat currency used to buy many in-game assets. This commonly leads to black market transactions, according to an article on Digital Trends.
That’s where blockchain technology comes into its own. Through a digital decentralised ledger, every transaction will be recorded chronologically. No-one will be able to alter these records singlehandedly. Therefore, a transparent and fair system of ownership will be established, totally in the hands of the players. Control over rules, transactions and access will all be to the benefit of the players.
Creation of Individuality
Fasten your seatbelts as with the emergence of increasingly advanced blockchain tech, we’re in for an exciting, high-speed ride. In the future, blockchain will enable individuality in online gaming. Each player will be able to start with a character that is unique to them. By combining blockchain technology with facial recognition tech, the characters can even resemble the player’s real-life form, according to an article on Plarium. What next? These characters might even be able to travel across games, keeping stats like age, experience and weapons intact.
Enabling Cross Platform Support
Centralised platforms have so-far hindered the growth of gaming communities — but by adding a decentralised twist, things look set to change. Founder and CEO of leading mobile game aggregator Sgame Pro™, Gip Cutrino, says that by creating social networks and peer-to-peer connections publishers will be able to promote their games to a wider audience.
Sgame Pro™ is aiming to provide a smart, super intelligent and downright awesome platform where publishers, gamers, merchants and influencers will all be able to monetise their efforts and benefit from each other. The ERC-20 standard token, SGM or the Sgame Coin, will be the sole mode of transaction which means there will be no need for fiat money! Hurrah! This should, in turn, lead to increased player engagement rates. Players will also be able to exchange these tokens for digital goods on the Sgame marketplace. Ah, versatility at its best.
Publishers will benefit from micro-transactions and through sales at their digital and physical stores. What’s more, influencers can earn rewards for promoting games. Through a feature called ‘Challenges’, publishers can even award players who compete in the multi-player format games, challenging players of their own skill level. All in all, this is a unique ecosystem in which all stakeholders will thrive.
To know more about this unique blockchain-based platform from Sgame Pro and the upcoming ICO, visit sgamepro.io today and follow on Facebook, Twitter, Instagram and LinkedIn.