[2017-07-17]Billion-dollar Unregulated Gaming Industry to Embrace Blockchain

[Baofeng]

Billion-dollar Unregulated Gaming Industry to Embrace Blockchain


Video games started off as arcade machines in the early eighties and were available only in designated areas. However, in the nineties, they migrated to game consoles, and with the emergence of high-speed internet access, they have become one of the most popular entertainment items for millions of people worldwide.

This has all made gaming a very attractive industry. However, the market has expanded far beyond the reach of companies and corporations that produce and distribute computer games: due to online platforms like Steam, an entire economy-within-an-economy has emerged. Surprisingly enough for many, it dealt with so-called skins rather than with real money.
A skin is effectively a piece of digital content that alters the visual appearance of certain in-game elements like items or characters without having any effect on gameplay. A seemingly innocent thing that dealt mostly with a player’s vanity has unexpectedly become highly sought-after.

https://coinidol.com/unregulated-gaming-industry-to-embrace-blockchain/

[iamTom123]

The blockchain technology will prove to be a big game-changer for the gaming industry. With the help of the blockchain technology, this very big and likewise lucrative industry can bloom and boom further. There are now many gaming companies (many are start-ups and small in operations) who are already set to take advantage of this new tool which they can use to operate efficiently and most importantly to expand their market shares on a global basis.

This blockchain technology can be a sort of an equalizer for many fledgling companies out there for a chance to go mainstream. Consequently, we have seen many gaming-focused companies lately issuing their own ICOs and there can be many in the offing too. Expect an explosive gaming industry thanks to the revolutionary blockchain technology.