THE OCTAVERSE is backed by a blockchain based gaming platform

Currently, most players are playing games using conventional technology. However, with the emergence of Blockchain technology, players will soon be able to benefit from new opportunities that are unheard of before. With the help of the Blockchain, gamers will be able to engage in real-time battles in the virtual world and profit from it. They will also be able to develop their characters and launch them as collectibles. These collectibles can then be traded on a marketplace for extra profits.Another advantage of Blockchain gaming is that it enables players to trade items and services, which are valuable in the game. These transactions are secured and are anonymous. Furthermore, players are free to sell or move items without any restrictions. This is an especially appealing option for those who don't want to develop a codependent relationship with a game. A gamer can sell or buy any item they want without worrying about any third parties knowing.

THE OCTAVERSE also supports a virtual currency called the ALICE token

Other recent announcements by the company include a licensing deal with Formula E. The Formula E races 14 times a year across five continents, and draws 411 million viewers per season. Meanwhile, another major blockchain game, Illuvium, is expected to launch in 2019. Players will explore a fantasy world by playing games and earning Illivuals, which they can use in questing, completing challenges and the story.These coins can be used to buy and sell land and virtual properties in the virtual world. In the Beta Program, players can sell their virtual properties for real money. This makes the game a unique addition to the crypto-gaming space.Apart from being backed by a blockchain based gaming system, THE OCTAVERSE is also supported by a decentralized game platform. As a result, players can purchase and sell land, and earn coins by staking them. The cryptocurrency allows for a direct connection to the game's marketplace and may even be exchanged for real money. This is not only beneficial for the gamer but also for the developer.

THE OCTAVERSE will also benefit from a fully functional cryptocurrency marketplace

Unlike traditional games, blockchain games are able to offer a unique experience. With their NFTs, game assets are tokenized and can be tracked and exchanged. Nevertheless, blockchain games still lack a comprehensive e-commerce solution. This is where a blockchain-based game platform can prove to be beneficial. Chou saw that blockchain could help build new monetization foundations for games and empower communities. For example, multiplayer games often involve groups called clans. This way, a clan might be able to create a cryptocurrency based on their members' DARs. Hence, the game would be entirely decentralized. In addition to this, gamers will be able to vote on game changes and prevent cheaters from spoiling the experience.

Conclusion

While many other games have already begun to incorporate blockchain into their platforms, it is still unclear if they will make use of the technology. The use of the blockchain in games will increase the user experience, and create new economic opportunities. In fact, the industry will need to support the development of NFT gaming if it is to grow in a sustainable manner. The emergence of NFTs in the gaming industry has a few important benefits.Moreover, a blockchain-based gaming platform will also help developers make their games more competitive. This will allow gamers to get more value from their games. It will be possible for developers to develop more complex games to integrate the technology in their games. In addition to this, the NFT technology will provide the game industry with a more diverse ecosystem and a better user experience.