The Role of Blockchain Technology on Restructuring The Gaming Industry
Gaming has become an integral part of our daily lives worldwide. The gaming industry is raking in billions of dollars year after year, attesting to its profitability and widespread adoption. According to Statista, more than 3.24 billion gamers worldwide were actively or passively involved in gaming last year. Despite the massive size of the gaming industry, gamers have expressed concerns about the traditional model of gaming, which is the “pay-to-win” model. Traditional gaming requires players to acquire in-game assets to rank up and achieve particular goals, which can strain....
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The advent of blockchain technology has revolutionized and disrupted many industries from finance to transportation, supply chain to healthcare, and many more. Currently, the gaming industry is feeling the disruptive impact of blockchain technology, and it is so beautiful to see. The gaming industry has come a long way from its humble beginning. If you […]
There is no doubt that Blockchain gaming will be the next big thing, and is ready to break into the mainstream. Just like other industries, the gaming industry has optimized Blockchain technology to increase transparency and fairness. Currently, the Blockchain gaming industry has adapted to even make use of NFTs, a big buzzword in the […]
As blockchain gaming and metaverse continue to gain huge acceptance from the global community, Meta Legends is the latest blockchain project to take a deep dive into the blockchain gaming space as the project looks to revolutionize the gaming industry with its unique industry-grade technology. Before blockchain came into the global gaming scene, games have […]
The proliferation of consumer-grade PC hardware and smartphones pushed the global gaming industry to a valuation of $300 billion in 2021, making video games a more popular form of entertainment than the American film industry. Running parallel to this rise in the popularity of gaming is the explosion of the decentralized finance (DeFi) market, and more recently, the emergence of gamefi, a revolution in blockchain-based gaming which adds an economic spin to what has till now been mere entertainment. The exclusivity of non-fungible token technology makes NFTs a solid foundation upon which to....
Blockchain has increasingly and steadily become a choice of technology for many industries and gaming is certainly one of them. Blockchain gaming has brought about a revolution in the gaming world and gave them a real-world value which has led to 1 out of every 4 persons becoming gamers. Blockchain technology in itself has also […]