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How blockchain can redefine the gaming industry

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The global gaming sector is huge, with worldwide sales of $ 143 billion by 2020. For more information on this prediction, see how Blockchain Games Is Changing Game Rules.

Along with all the money you make, innovation in this industry is an opportunity to have a positive impact on people’s quality of life. Here are some exceptional cases of companies hiring DevTeam. Space to develop their crypto products:

  • DDKOIN – cryptocurrency
  • Medicoin – a blockchain based web application in health care
  • Algo Trading Solutions – a bot for cryptocurrency trading

GAMING INDUSTRY FEATURES:

  1. There are specific characteristics and dynamics of the gaming industry, and stakeholders also have a special role to play. They make it a fast growing segment of the global technology sector. They also make him a prime candidate for a break! These are as follows:
  2. You need money to play popular games. While some of them allowed players to accumulate digital gold, it was too much of a hassle for most players as it took time. Most players spend their fiat money to buy assets while playing the game.
  3. Game entrepreneurs and developers need a safe environment to develop and launch games and then generate revenue.
  4. Players must buy and sell assets safely while playing the game. Therefore, they need a secure platform for this.
  5. Players can play multiple games and create their profile there. You want the in-game profile to work, and that is another area where technology can help.
  6. The tendency of people to project value onto intangible assets is real, so more and more real money is being spent on virtual games. When a sector enters this stage, it is ripe for technological disruption.
  7. When not playing an online game, players need to store their virtual game assets safely. This asset is currently stored on the game’s central servers, making it an easy target for hackers. This is another area where technology can have a big impact.
  8. Do you play online games? Then you experience it. In fact, during the game you never own the asset, but the game company owns it. This is another possible distraction.
  9. Have you ever felt discouraged that your favorite online game was stopped? Or do you feel like the rules have suddenly changed arbitrarily? Technologies that can give gamers more control will disrupt the current gaming market.
  10. Have you ever felt that you have a knack for making games more interesting but you can’t because the game company won’t hire you? Technology that opens up the field for talented developers will change the game.
  11. As a gamer, have you ever felt that if you can collaborate with a developer, you can make the game much more exciting? If technology can create a business model that allows gamers and developers to work more closely together, it will change the industry forever.
  12. Have you ever felt that once the game company allowed a rare form of asset to be created in the game, the game would be that much more fun? Technology can help here.
  13. Gamers are often exposed to fraudulent transactions on virtual gaming platforms. This is another aspect where technology can change.

For more information on these features, dynamics and questions, see Blockchain Game Evolution and A Glimpse of the Future Read on to find out how blockchain can positively impact each of the above areas.

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