How Blockchain Technology Will Impact the Online Gaming Industry

1. How Blockchain Technology Will Impact the Online Gaming Industry

2. 02 It has been more than a decade since the inception of Blockchain technology. Blockchain has always been the best choice of investors, traders and marketers. 40 Blockchain has put its impact on the gaming industry as well. Gamers did not hesitate to accept it because virtual money has been a part of the industry for a long enough time. The revolutionary promises have increased the trust in the cryptocurrency traders. And that has made a cryptocurrency trading a hot topic in the market. 30 20 10 0 Item 1 Item 2 Item 3 Item 4 But how Blockchain technology will impact the gaming industry in future?

3. Co-Creator Rewards Suppose a gamer is helping a gaming company to create a game. Earlier, the gaming company did not have any secure and valid option to reward the gamer. But with the help of cryptocurrency, a company can reward a gamer who has helped them in creating a game. This economic benefit to the gamers, who helped in creating a game, can be influencing and improve the quality of the work. Talent from all over the world Blockchain can make it easier for a gaming company to hire a gamer or engineer from all over the world at a cost-effective rate. Generally, if a US company hires an engineer from India, then the company has to pay more to meet the desired rate because of the currency conversion charges. But Cryptocurrency can change this problem forever.

4. Better Work Culture The inclusion of Blockchain will change the work culture of any business in the near future. Blockchain will help to make a task more efficient and productive with its technology. It can create a valid contractual agreement between an employer and the person working for them. Blockchain technology can be helpful in the recruitment process as well. Also, one can create a system for temporary employment between companies and their employees. Increasing Value of Gaming Items Blockchain technology can revolutionize gaming items, especially 3D virtual reality video games. There are three main ways in which Blockchain can improve these games. First, gaming industries can use the virtual item in a unique way to increase the functional value of the game. Second, gamers will be able to encash those virtual items and can make money. Third, this will make sharing, trading, buying and gifting very easy for the gamers. And these points will increase the value of gaming items with the help of Blockchain technology. Safe Storage Blockchain technology guarantees the security and safety of virtual gaming assets forever. Till now, no report of the hacking of virtual gaming data has been reported. The encryption and gaming cryptography is said to be very hard to hack, and the data assures the fact till now.

5. Conclusion With the help of Blockchain technology, we will soon be able to see a massive transformation in the gaming industry. The faith and trust gaming companies, gamers, and the market is putting on Blockchain technology is the proof of that upcoming change. Soon gamers across the world will be regularly using cryptocurrency as a part of their gaming experience.

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