There are many industries the blockchain will disrupt, but there’s one that with the right crypto implementation will grow at an insane rate: games.
The gaming industry is worth around 100 billion dollars in 2017, and it will only keep growing. Millions of people around the world buy items, skins, in-game currencies, and other game assets, every single day.
Now, when these gamers are done with one particular game, all those assets they spent hundreds of dollars in, become nothing. They are now literally worth $0.00.
So let’s say someone could use some futuristic magical technology, *cough cough* the blockchain, to turn them into actual value, into something that they could own forever, trade, sell, or import into other games they want to play. It sounds obvious, as it should have been like this from the beginning and that means that, sooner or later, it will happen.
Want a sneak peak of the future of gaming? take a look at Steam where users can sell their game-assets to buy new ones from the same or a different game, or even buy a whole new game. The problem comes when users are done with the platform, they become hostages because their assets aren’t really theirs, they can’t cash out.
Even though this is a flaw, the gaming marketplace model is proved to work and is amazingly successful — there are millions of users already used to managing currencies with a specific purpose.
In the specific case of Experimental, users will be able to play with their e11, and whenever they win a battle, they can literally cash out to Ethereum, and then if wanted, to USD.
Companies that give true ownership to their users will lead the gaming revolution to come. It might seem that this is only a benefit for the users but truly it’s not. There are hundreds if not thousands of opportunities for the current market leaders to own the new economy — but the same rules apply for boutique game studios, and democratization is not always well received when you’ve built a $3billion gaming empire based on antique rules.
This analysis could be done for almost any industry and the result will be the same: Fortune1000 companies will have to adapt if they want to survive.
The blockchain brings with it a set of values that will have to be adopted by all of us, decentralization, democratization, and fairness. When will it show results? that burden relies on us.
As a gamer I also wanted to earn from my games and also the game must be cool, challenging and open for possibilities of improvement. If that would happen in a game and the game was on the blockchain then right there that game would be the best. Worse case scenarios are games would be made for business not for challenge or fun. That sense must be taken seriously coz the game must be a game first before adding some sorts of marketplace. Running into the blockchain makes a game more secure but I hope the developers would create their own blockchain and not on ethereuum coz it would clog the network. Best idea that needs to be developed.
Show Posts
