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Author Topic: Can Blockchain Gaming Drive Cryptocurrency Adoption?  (Read 626 times)
Hydrogen
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October 15, 2020, 10:36:49 AM
Last edit: October 16, 2020, 12:13:44 AM by Hydrogen
 #41

I think game based micro transactions are the logical market to tap for those interested in mass adoption. The creators of fortnite are known for purchasing thousands of acres of land for the purpose of furthering wildlife conservation. Rather than pitching bitcoin mass adoption to Warren Buffett, a large shareholder of Wells Fargo, Chase, JP Morgan and other banking institutions. It could be more effective to pitch bitcoin mass adoption to the existing owners and developers of existing microtransaction based games with large fanbases who are known to occasionally back humanitarian causes.

Blockchain gaming is an interesting niche market. The main difficulty with blockchain gaming could be the gaming industry being performance oriented. While blockchain, being an encryption based security algorithm, is the inverse opposite of performance. Which isn't to say there isn't future potential for blockchain gaming. There certainly are applications and niche markets where blockchain gaming could take off in the future. Gaming being a highly manpower and time intensive industry however, it could require multi-million dollar budgets and years for blockchain gaming to be able to compete with standard AAA titles.
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October 15, 2020, 04:59:00 PM
 #42

I believe blockchain gaming has future, because its not the typical games that we used to play before. Blockchain games are quiet unique, because everything you purchased in the game is yours forever or you can trade it to other players thanks to NFT technology.

Right now I’m enjoying playing the play to earn Axie Infinity, I love the gameplay and also enables me to earn decent amount of money by just playing. Not shilling the game but tbh its one of the coolest and profitable one IMO.
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October 15, 2020, 05:05:38 PM
 #43

~snip~
What other games in real life with coins and so forth provides is the thing that dapps missing out and that is the problem. In real games you could do what everyone else can do, be max level or have the greatest attributes, or whatever else that doesn't change the game play at all, but do you know what gets sold?

Either being able to do all of that very quickly without having to grind, so for free it takes 50 hours but if you pay 50 bucks you get it right away, or you get skins and costumes for a price as well, doesn't change a lick in the type of playing but the look will be different with a new skin.

So, if games in blockchain world stop making the games played with money and make it played with zero money but have some incentives for microtransactions, they could be good.

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October 19, 2020, 08:45:24 PM
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 #44

I believe blockchain gaming has future, because its not the typical games that we used to play before. Blockchain games are quiet unique, because everything you purchased in the game is yours forever or you can trade it to other players thanks to NFT technology.

Right now I’m enjoying playing the play to earn Axie Infinity, I love the gameplay and also enables me to earn decent amount of money by just playing. Not shilling the game but tbh its one of the coolest and profitable one IMO.

that is one major benefit of blockchain gaming. the transaction IDs are recorded forever in the network. and also, the possible earnings that you can get when converted your earned coins to your fiat. before, gamers are just happy to collect coins which they can only use within the game, upgrade skills/costumes/accessories. you are even willing to buy those items to build your character. but now, the chance of earning coins that can be converted to your fiat is one major motivation to deploy your skills and spend long hours playing those games.

this site below provides long list of blockchain games with their corresponding network used (eth, enjin, tron, eos, btc, steem, wax, decentraland, phantasma, xaya, loom, etc) -
https://egamers.io/blockchain-games-list/

and this recent article discusses the top most anticipated blockchain games this year -
https://www.blockchaingamer.biz/features/3283/most-anticipated-blockchain-games/
Age of Rust
Blankos Block Party
Crypto Space Commander
CryptoWars
Gods Unchained
Hash Rush
Neon District
The Sandbox

with the existing long list of these blockchain games, i believe this area will drive crypto adoption among gamers. and gamers have no problem adopting this development as they are used to more complex transactions within their games. remember gaming industry is a multi-billion dollar one! so if crypto can penetrate this industry, this will be a good boost in adoption

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October 24, 2020, 03:44:00 PM
 #45

Now I do not gamble as much as I used to, right now I gamble only a bit but at the end of the day I did gambled a ton with crypto without ever gambling with fiat. Obviously, I did tested to gamble with fiat, sportsbooks are great and I tested it but when it was fiat the method was too complicated, even though simple it took long time so I did it 2 times or maybe 3 times and stopped

Gambling, and crypto gambling in particular, is a niche market

Put differently, it's not likely we wake up tomorrow and cryptocurrencies get accepted everywhere because of gambling. As said in the article, gambling was vitally important for Bitcoin's initial boost, but currently, its potential is pretty much depleted and exhausted. It doesn't mean that gambling is irrelevant, but it is just there already unlike blockchain gaming which is still on its way to the peak (hopefully)

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