Blockchain is proving to have a significant influence in proceedings in multiple industries, one of them being gaming. Gaming is a multi-billion pound industry, with billions of gamers spread around the globe. As an industry, gaming has always been keen on embracing the new, and with blockchain on the rise, it’s growth in popularity is being welcomed.
Blockchain-based gaming began life when Bitcoin hit the mainstream and made moves in the gambling sector. Now, this is more than just being able to use your Luno Bitcoin wallet to deposit at your favourite online casino. In fact, blockchain goes further to make sure games are provably fair, and this is a significant advantage for online gamblers keen on playing titles they know to be completely transparent. Card and dice games became popular and renowned as the first step for blockchain games, but things have moved forward since.
Leading developers such as Ubisoft, the studio behind hit titles such as Assassin’s Creed and Far Cry, are now exploring the use of blockchain technology for future releases. They, along with other notable gaming companies are keen on investigating the advantages blockchain provides, such as how virtual in-game items can be uniquely owned from one arena to another, with a similar process applied to game accounts and profiles also possible.
With digital assets rapidly growing in popularity, alongside cross-platform gaming, it makes sense to utilise blockchain technology as a game developer. In a way, this would put gamers in the driving seat like never before, as they would effectively own and be able to control all their in-game assets.
Another advantage which comes with blockchain-based gaming is that it remains open-source. Therefore, if a game developer removed a title from the mainstream market, or if further updates were to be stopped, for example, the available code could be used by others to keep the game alive.
At the time of writing, blockchain has successfully made its way into three segments of gaming, the first being online gambling. Games being provably fair is a huge advantage, as is embracing Bitcoin, and the blockchain Bitcoin combination is only going to continue to grow in strength and reach here. Games with collectables are also profiting from blockchain thanks to how users can effectively own their in-game assets and tokens, while Esports is also emerging as a critical market for blockchain as well.
The advantages of blockchain gaming are there for all to see, and when significant developers such as Ubisoft take a keen interest, it’s clear that the gaming landscape could be about to change. Both developers and gamers will benefit from the use of blockchain in gaming in the future, and as it’s mutually beneficial, it’s likely to accelerate growth.
However, there are other points to consider too, with scalability being a big one. Scalability issues are perhaps what is holding back the development of blockchain gaming in the main right now, and until the problem is solved, it’s full potential won’t be realised. It’s something which requires more work, but in time it will likely become less of an issue.