How blockchain technology might bring triple-A games to metaverses
For consumers or publishers of AAA games, transacting on a fee-based blockchain would simply be far too costly to bear. Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain will finally break through to the masses. Will it, or is history doomed to repeat itself? The problem is that the very things that capture the imagination of the public are the very same things that ultimately degrade the performance of the underlying platforms and raise barriers to entry higher than ever. In....
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When anonymous developer Satoshi Nakamoto launched Bitcoin in January of 2009, nobody knew how impactful cryptocurrency would become. While rumors regarding its potential floated about, cryptocurrency changing the world was just a far-off pipe dream. Today, it’s all coming true, and what started as an experimental payment system for the techiest of the techies is disrupting industries worldwide; gaming included. In hindsight, it’s no surprise that digital currency and digital worlds go together – cryptocurrency fits gaming like a glove. With the help of related blockchain technologies like....
On Thursday morning, Datcroft Games announced a partnership with GameCredits to bring secure and seamless use of in-game cryptocurrency to a vast community of gamers and developers using natively-developed, back-end blockchain technology. Founded in 2016, GameCredits enables game developers to use the “GAME” token securely for MMORPGs and other games. The first roll-out is within the popular game Fragoria, which already has a user base of 8 million. Gamers either buy or win GAME and leverage them for in-game purchases, use in other games, immediate cash outs, or as an investment.....
Facebook’s embrace of the metaverse has unleashed a world of new blockchain projects that merge the concepts of virtual reality, digital worlds and cryptocurrencies. The metaverse refers to computer-generated worlds where people can don avatars, explore, interact with other users, play games, create a business, buy and sell land and other assets. Metaverses took the digital realm by storm in 2021, serving as a facilitator of social interaction, business, recreation, gaming and education, to name just a few. They have exploded in popularity and their current momentum suggests they’re going....
Non-Fungible Tokens (NFTs) have become the go-to killer application for the gaming sector. The reason is simple: NFTs are a form of asset whose ownership is recorded on Blockchain and corresponds to a unique and specific digital piece of art, image, video – or in-game tool. This means that, for the first time ever, gamers can finally earn money with their talent (play-to-earn gaming), and metaverses can turn gameplay elements (characters, accessories, and even virtual land) into tradable assets with real-world value. Unsurprisingly, NFT gaming is experiencing a head-spinning period....
There are many opportunities in the Web3 and metaverse space. Excitement is building, and projects are coming to fruition. However, there needs to be a stronger focus on interconnecting the virtual worlds, as society doesn’t need more siloed ecosystems. Connecting Metaverses Is Essential While one must apply the teams building their metaverses, some criticism is […]