The Future Of Blockchain Gaming: Metaverses, Decentralization, Ownership, Income Opportunities, And More
26 Ottobre 2021 - 7:57PM
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As blockchain technology weaves golden threads into exciting new
use cases, promising solutions like cryptocurrencies, NFTs, and
DeFi are continuously gaining more attention, cementing themselves
as significant contributors to overall ecosystem growth. Amidst
this growing marketplace, blockchain gaming is another promising
sector that has proven its potential. Because blockchain games
facilitate the play-to-earn (P2E) model, there has been a surge in
demand for such games, partly driven by the economic crises due to
the Covid-19 pandemic. Per data from the BGA Blockchain Game
Report, more than 840,000 unique users joined at least one of the
available play-to-earn games, growing the aggregate usage by 121%
in terms of unique and active wallets between June and July 2021.
The Early Days The early successes of blockchain games like
Huntercoin, Crypto Kitties, and Axie Infinity, among others,
brought a paradigm shift in how in-game asset ownerships work via
NFTs, native tokens, and virtual asset marketplaces, paving the way
for a fully decentralized global gaming economy. For instance, one
of the oldest companies in the blockchain gaming scene, XAYA, has
been involved in blockchain development since 2013. The company is
credited with launching the world’s first blockchain game,
Huntercoin, in February 2014. By design, Huntercoin was a fully
decentralized Massively Multiplayer Online (MMO) game running on
its own blockchain. It was originally introduced as a live
experimental test to see how blockchain technology could handle
fully functional game worlds. Following this experience, the team
behind XAYA spent several years doing research and development to
come up with a scalable and permissionless blockchain that can run
multiple game worlds like Taurion. Fast forward, and XAYA has
teamed up with GeekyAnts to bring Soccer Manager Elite, the premier
sports management game, into the blockchain ecosystem. From
inaugurating the world’s first blockchain game to creating an
ecosystem of products and services that facilitate blockchain
games, XAYA is setting the foundation for the upcoming wave of
play-to-earn and NFT games. XAYA co-founder Andrew Colosimo holds
an optimistic view of the blockchain gaming industry, noting, “I
think in 2022 we will start to see the emergence of more complex
blockchain games. We are currently limited to games that are not
necessarily fun but more focused on staking and with trivial game
mechanics. I believe we are going to see the blockchain industry
matching the standards of traditional games in terms of playability
while integrating blockchain on various levels, for example, by
utilizing NFTs or by the games themselves being fully
decentralized.” Peering Into The Present By leveraging blockchain
technology and the concept of tokenization, the current generation
of blockchain games empowers the global gamer community with
several income generation opportunities. Take Splinterlands, for
instance, a blockchain-based trading card game that has shattered
every record, establishing itself as one of the fastest-growing
blockchain-based digital card games of 2021 after expanding its
user base by almost 55.46% between September and October 2021.
Unlike other trading games, Splinterlands has created its digital
cards using NFT technology, which grants it real value, even
outside the game. These cards are tradeable on secondary
marketplaces, and depending on the rarity and demand, each card can
fetch its owner significant sums. Not only is the game free to
play, but it also creates lucrative products for revenue streams
and generates earnings opportunities for the players. Remarking on
the future of blockchain gaming, Dr. Jesse “Aggroed” Reich,
Splinterlands co-founder and CEO, stating, “what feels like a craze
now is really just the start of a tidal wave of change in the
industry. This is a one-way valve where players that have
experienced asset ownership and appreciation won’t go back to free
to play. It’s a new era and has barely started.” A Peek Into The
Future Of Blockchain Gaming Given explosive year-on-year growth
from 2020 to 2021, there is no denying that next-generation
blockchain technology will open up the next significant chapter in
blockchain gaming, delivering not only a computing revolution but
also a monetary revolution. According to a report by InvestGame, a
total of 489 deals involving gaming companies have been closed and
announced within the first six months of 2021, four times the total
deal flow in the first half of 2020. The total estimated value of
these deals reached $50.2 billion, raised via public offerings,
acquisitions, and investments. Moreover, the NFT craze isn’t going
to fade anytime soon. Accordingly, the future of blockchain gaming
is promising, and we will see more P2E games going live, new
metaverses and collectibles, thousands of new users, and the
emergence of platforms that facilitate blockchain games and dApps.
Bluzelle is one such platform that is fully prepared to tackle the
wave of new blockchain games by allowing dApp developers to store
their sensitive data on its decentralized data delivery network
(DDN). The team behind Bluzelle has developed an enterprise-grade
database network from scratch that includes both a database and
data caching services. Video games demand speed, a lag-free
experience, and security – all of which Bluzelle provides through
its DDN. By combining decentralized technologies with edge
computing, Bluzelle offers a faster and more secure internet while
addressing all the pain points every dApp developer encounters,
namely the choice between the high cost of blockchain data storage
or the vulnerability of centralized solutions. When asked about the
future of blockchain gaming, Bluzelle CEO Pavel Bains concludes,
“Games are becoming more online and global. 2021 was the year
crypto game mechanics proved itself out. As a result, more talent
has come in, and more games are being developed. In 2022, we’ll see
more games going live for people to play and bring in more users.
The security and the performance needs of those types of games, as
more of them come out, are going to have to rely on decentralized
technology.” Source: Canva
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