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Will 2018 Become The Year Of Blockchain-based Onlinegaming?

Will 2018 Become The Year Of Blockchain-based Onlinegaming?

Writer & Entrepreneur | Founder of @BitcoinAfricaio | Contributor to @BitcoinMagazine @BTC_Manager @BraveNewCoin @ICOAlert Will 2018 Become the Year of Blockchain-based OnlineGaming? There is a lot of crossover between the cryptocurrency community and the online gaming community. In fact, according to a study by WAX, 55 percent of millennial online gamers also hold cryptocurrencies. It should, therefore, not come as a surprise that there are several popular blockchain projects that focus on online gaming. Arguably the most popular online game currently operating on the blockchain is the virtual cat collectible game CryptoKitties. CryptoKitties enables gamers to buy, breed, and sell virtual kittens that each have unique characteristics that determine their values. The digital kittens can be bought and sold for ether (ETH) as this game was built on top of the Ethereum blockchain. Due to the largely decentralized nature of the CryptoKitties application, it is de facto impossible to change ownership or produce fake kittens, which means each virtual kitten possesses digital scarcity . That is the reason why these collectibles virtual cats are considered to be valuable. Some are even considered so valuable that they have been sold for tens of thousands of dollars . Interestingly, shortly after its launch, the CryptoKitties DApp became the third most active smart contract on the Ethereum network, making up over 20 percent of all transactions on the Ethereum network. This is a clear testament to the popularity of online gaming and the potential of blockchain-based games when done right. After its success as a web-based game, CryptoKitties is now also launching on mobile targeting the Asian market first. Theres more to blockchain gaming than justkittens CryptoKitties, however, Continue reading >>

Bitguild Announces Blockchain Platform For Online Games

Bitguild Announces Blockchain Platform For Online Games

BitGuild announces blockchain platform for online games "The implications of having a true gaming network built on the blockchain are nearly limitless," says CEO A gaming platform which promises to address the issue of property in a digital age has today been revealed. Using blockchain technology, BitGuild aims to give the user ownership of their in-game items, allowing them to maintain their digital possessions even when an online game shuts down. As with cryptocurrency, the aim of BitGuild is to decentralise the data, granting ownership to the user, rather than a game developer or publisher. Games on BitGuild will be built from the ground up to make every character, item, and asset completely unique, and therefore tradeable. Where previously in-game items were intangible data on a private server, using BitGuild, these items would belong to the player in the form of a token on the blockchain. BitGuild is led by virtual currencies and gaming veteran Jared Psigoda. Before founding BitGuild, Psigoda was CEO and co-founder of Reality Squared Games; he has since founded Livestar, a development studio focused on bringing live streaming and other social media apps. "We watched the gaming industry deteriorate over the years, as developers had to make more addicting and profitable games in order to survive. A lot of times this came at the cost of player experience and game lifespan," said Psigoda. "Games like Crypto Kitties are all pretty basic in nature, but they very clearly demonstrate their ability to solve problems that have plagued both gamers and game developers for years. The implications of having a true gaming network built on the blockchain are nearly limitless." Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Continue reading >>

Have You Tried These Popular Blockchain Games?

Have You Tried These Popular Blockchain Games?

Have you tried these popular Blockchain Games? After the debacle of the dot com bubble and the sweeping reorganization that happened in the internet ecosystem, the modern-day web was born. As this web architecture began to unfold and take shape, virtual role-playing online games like World of Warcraft became a popular thing. History appears to go around in circles and it does seem like the internet is folding in on itself with respect to cryptocurrency and blockchain technology. As the emerging blockchain revolution takes form, a number of games have sprung up and have become vastly popular within the cryptocurrency community. At the heart of this emerging trend is the shift towards owning virtual objects generally classified as cryptocollectibles. These digital items have the potential to appreciate in value much like cryptocurrencies like bitcoin and ether. This provides an incentive for users to become interested in the game as a means of getting their hands on what could turn out to be valuable digital assets. Cryptocollectibles are another startling example of the fact that just about anything can be created and issued on a blockchain. These games also expand the sphere of influence of the cryptocurrency ecosystem by creating new markets and encouraging greater participation. The following are some popular blockchain games. Cryptokitties is an Ethereum-based cryptocollectibles game that allows players to breed digital cats using smart contracts. Since its launch on Thanksgiving Day last year, Cryptokitties has gone on to become a hugely popular game on the Ethereum blockchain. Such is the popularity of the game that it caused major disruptions to the Ethereum network and caused delays in the implementation of a number of Ethereum-based cryptocurrency ICO smart con Continue reading >>

How Blockchain Technology Is Changing The Gaming Industry

How Blockchain Technology Is Changing The Gaming Industry

How Blockchain Technology is Changing the Gaming Industry Blockchain Technology and Online Gaming: An Emerging Goldmine The world is unraveling new use cases for blockchain technology each day. Although most people think of Bitcoin and finance when they hear the word blockchain, the technology extends its reach far beyond those two things. You may already know that agriculture businesses , energy companies , and the art world are integrating blockchain into their operations. But, theres another unsuspecting sector also joining in: online gaming. Numerous cryptocurrency projects are picking up their controllers, so to speak, and some of the industrys biggest names are contributing their support. In this article, were going to tell you how blockchain technology is entering the over $50 billion online gaming market. Blockchain Technology is Facilitating True Virtual Goods Ownership Right now, fraud is rife in the virtual goods market. A lack of marketplace trust leads to segregated, centralized trading platforms who oftentimes charge excessive fees when you exchange your assets. Additionally, the abrupt shutdown of a gaming platform could cause your hard-earned goods to all of a sudden be worthless. Wax and Enjin Coin are two projects transforming this ownership of virtual goods, albeit in slightly different ways. WAX , which stands for Worldwide Asset eXchange, is a decentralized platform that you can use to build virtual marketplaces. Created by the OPSkins team, the platform uses WAX tokens to enable you to trade any virtual asset for cryptocurrency. Although theyre targeting online gaming, they state that you can tokenize any type of virtual good on the platform. Enjin Coin takes blockchain-based ownership one step further by creating and managing goods directly on th Continue reading >>

Blockchain: Best Thing For Gaming Since Invention Of Internet

Blockchain: Best Thing For Gaming Since Invention Of Internet

Blockchain: Best Thing For Gaming Since Invention of Internet Cryptocurrency and gaming go together quite well, as new startups find multiple areas to meld the two If you check out pricing websites like CryptoCompare or CoinMarketcap , youll see hundreds of cryptocurrencies. As you may imagine, not all of these are focused on being an alternative currency or payment system. From smart contract platforms like Ethereum to fiat-backed assets like the Tether (USDT) , alternative cryptocurrencies can take many forms and serve a multitude of purposes. Some Blockchain projects and their respective coins have been created to fill certain niches while others are obviously unnecessary and borderline fraudulent. There are a number of different areas in which the use of Blockchain-based technologies and tokens can have a noticeable impact. The online gaming industry is one of these. Not only are the tech and gaming communities tightly connected, but Blockchain technology is also able to create new features and possibilities for games, gamers and fans, allowing them to connect, compete, collaborate, and negotiate directly to unlock new revenue sources in a $109 bln market. In short, Blockchain tech has become a game changer (pun intended). If youre a gamer, then you probably know how good it feels to finally get that item youve been looking for or how rewarding it can be to have large holdings of a certain in-game currency. Gamers put in hours and hours of work and, in a sense, its rewarding to see your effort pay off. There is, however, an unbalance in the gaming industry in which our real-life achievements (money and time) can be used to benefit our in-game experience but our in-game achievements only exist within the game itself and, when its all said and done, it is as if they Continue reading >>

Why Gaming Could Be A Killer App For The Blockchain

Why Gaming Could Be A Killer App For The Blockchain

Why gaming could be a killer app for the blockchain While 2017 was a blockbuster year for blockchain technology and cryptocurrency, its still not clear to the person on the street how this technology impacts everyday life. The key to taking blockchain mainstream might be one of the most consumer-friendly markets: gaming. Startups are using crypto tokens and launching a number of video game-related services based on blockchain tech. Gamers are arguably a great target audience for blockchain applications like cryptocurrencies. They are used to online payments and dealing in fungible items that only exist within a digital ecosystem. Theyre familiar with virtual currencies too. Online games and game stores like Steam often have their own digital wallets that contain credit bought with fiat currency. Not to mention there are people out there right now breeding, selling, and buying cute cartoon kittens that only exist as objects on the Ethereum blockchain. Gamers are already fluent in virtual economies both in and outside of games, with many virtual items worth significant amounts of fiat currency, says Lisa Hanson, founder and managing partner at market analysis firm Niko Partners. This makes them ideal early adopters of cryptocurrencies, several of which cater specifically to gamers. Singapore-based startup Bountie is planning an online gaming platform where players will be rewarded in its own cryptocurrency for the time they spend playing games and participating in the community. They can then use Bountie coins to purchase new games and merchandise or buy into online tournaments. Besides enabling payments, blockchain records could help gamers build a profile of their in-game achievements, forming a resume when joining tournaments or esports teams. The startup hopes this w Continue reading >>

Online Games Could Benefit Significantly From The Blockchain

Online Games Could Benefit Significantly From The Blockchain

Online Games Could Benefit Significantly from the Blockchain By Samantha Radocchia , Co-Founder at Chronicled (2015-present). Originally published on Quora . Back when I was in undergrad, I did my anthropology thesis on a video game called Second Life. Except it wasnt just a video game. It was a virtual world where peoples avatars lived, played, and worked. And just like in the real world, people needed a way to exchange value with each other. If someone sewed a virtual shirt, they wanted to be compensated for doing so. The solution? Linden Labs, the company behind the game, came up with a virtual currency that players could use within the game and even exchange for real currency outside of the game. Today, we call that cryptocurrency. At the time, it was simply a way to compensate people or pay for goods and services within the game. At one point, Fatboy Slim even did a concert on one of the virtual islands and charged people to watch it. Now, theres a new virtual world project from Linden Labs called High Fidelity. And this time, theyre using blockchain to underpin their internal network currency. That really isnt too surprising, given that the gaming industry was one of the first places we saw the peer-to-peer behavior that makes up our current cryptocurrencies. While the gaming industry led the way in many respects, it might be revolutionized by the very technology it helped create. Heres how: The gaming industry has a long history of helping players exchange real value in a virtual world. Digital assets are nothing new, but our ability to exchange these various assets is growing. For instance, the CryptoKitties craze on Ethereums network is based around collecting and trading digital cats that hold real value. Its relatively new, yet Ethereum is already having pro Continue reading >>

How Online Casino Games Will Use The Blockchain

How Online Casino Games Will Use The Blockchain

How Online Casino Games Will Use the Blockchain There are rumblings afoot in the online casino game. Gambling is one of the oldest forms of human entertainment, but it has been an industry where things dont always move quickly. While online casino play is now becoming more and more common, it wasnt always this way. Technologies have taken time to build, and licenses for online casinos can be hard to come across or difficult to get. However the industry now is coming of age, with many different online casinos available for people to access all over the world. Businesses are now more sure of their legal obligations, as laws have progressed, and there is the tech knowledge available to build whatever sort of systems you please. This means there is now more competition in the online casino world. And what does a more competitive market mean for businesses? They need to be able to give themselves some sort of edge over their competitors. And what better way to do it than with a new technology thats showing promise in fields youd never even imagine Blockchain technology has been splashed about in the news a far bit recently. What with the meteoric rise of cryptocurrencies, people are beginning to want to learn more about just how crypto works. The blockchain system of recording transactions was a part of the original Bitcoin scientific paper, later implemented in real life. The premise of a blockchain is to have a complete list of all records ever made. Each record (known as a block) that is added to the chain of records contains a cryptographic hash of the block before it. The list itself cannot be edited due to the design of the system, which is essential for anything to do with financial transactions. This list of records exists on many different computers around the glob Continue reading >>

Two Worlds Meet And Thrive: The Unification Of Video Games And Blockchain

Two Worlds Meet And Thrive: The Unification Of Video Games And Blockchain

Two worlds meet and thrive: The unification of video games and blockchain In the space of a generation, video games have shifted from being a niche pursuit on the edge of entertainment to a billion today industry , that is today the epicenter of pop culture today. In 2017 alone the global gaming industry was projected to generate a profit of $116 billion dollars! Even more remarkable, its size is growing and growing fast, over 10 percent in just one year! This trend has been developing for a long time now. Over the course of many years, blockbuster titles like Grand Theft Auto 4, The Last of Us, sports series like the FIFA and NBA2K series, and most recently massive online multiplayer games like PUBG and League of Legends have seen games shift from something played at home, to something visible across every aspect of our society. Today celebrities play games, their designers are world famous, and there are huge industries dedicated to making the world of video games more enjoyable for all who live in it. At its core, video games offer a wonderful and safe form of escapism. Anybody can pick up a controller or play a game on their smartphone, and escape the world and all its troubles for a while. Overtime, games have grown more immersive, more engaging , and offered long playthroughs. Once upon a time, a old 2D game could perhaps have been beaten in 6 hours. Today, many games require at least 60 hours and some even more than 600! to truly complete the journey. And even then, thats only single player mode. This reality combined with a ton of fun offered in multiplayer, has helped turned video games into the giant of industry it is today. While consoles and powerful desktop computers have showcased the most stunning games, smartphone and tablet gaming has also become huge. Continue reading >>

How Blockchain Games Can Change The Gaming Industry

How Blockchain Games Can Change The Gaming Industry

How Blockchain Games Can Change the Gaming Industry Blockchain technology is a big deal right now. Its the tech behind Bitcoin and all the new cryptocurrencies, and what allows them to function in ways previously impossible for more traditional currency. It also the technology behind a new emerging trend in video games - blockchain games. Today, these games are mostly casual games based on collectibles and trade. However, the potential this new budding technology has to change the gaming industry is huge. From unique games experiences to ever-evolving characters and in-game transactions that follow you from game to game - blockchain might be the future of video games. Blockgeeks, a website specializing in teaching Blockchain technology to businesses, offers this very helpful definition : "Blockchain is a recorded transaction that has been added to a previous transaction to form a chain. "Each of these transactions can account for various different things, for example in the world of Bitcoin, this transaction is the movement of a cryptocurrency. Each of these blockchains is encrypted, and any subsequent transaction requires the whole chain to be unencrypted when a new block is added, before again being sealed up with encryption and passed on. "This chain has a permanent log of all transactions from the first block up to the last. As such, blockchain technology allows for secure transactions to occur on an open source foundation that is hard to spoof." Once you understand what blockchain is, the reason why this technology could become huge in gaming becomes clearer. Simply put, it comes down to the uniqueness of the blocks in the chain. If you can incorporate this uniqueness into gaming, this could lead to some exciting and unique games. Before we talk about how blockcha Continue reading >>

Blockchain Could Transform In-game Economies

Blockchain Could Transform In-game Economies

Blockchain could transform in-game economies Above: World of Warcraft's in-game economy is the sort that could be affected by blockchain. Ive always been fascinated by a games ability to replicate real-world systems. Social interactions, weather systems, and even nuanced economies are re-created digitally with almost alarming accuracy. This has always been a part of a games appeal: the opportunity to safely play around in a world that feels so real. Today, games are inching closer to reality. Massively multiplayer online games replaced computer-controlled NPCs with real people, making room for massive online communities to grow organically. Now developers have infused in-game economies with real-world currency in an effort to better monetize their products. Instead of using virtual money earned in-game, you might just be asked to fork over real dollars for that next armor upgrade or level-up. This is the new in-game economy. As the line between whats real and whats becomes further blurred, players take on more risk. Whenever a game invites players to buy items with their money, the game also inevitably (and inadvertently) invites scammers, item dupers, and fraud. Suddenly, a fake world is fraught with real dangers. So whats to protect player-driven economies in a largely unregulated environment? Blockchain technology may be the solution were looking for, due to the decentralized network and capability to record each transaction to combat fraud. Economies (virtual or otherwise) are governed by the law of supply and demand. The availability of an item affects the demand for that same item. Generally speaking, the lower the availability, the higher the price. In the real world, items of value are finite. They require time and resources to create which influences their mar Continue reading >>

How Could Blockchain Make Online Games Better?

How Could Blockchain Make Online Games Better?

Answered Jan 11, 2018 Featured on Hacker Noon Author has 52 answers and 132.8k answer views Back when I was in undergrad, I did my anthropology thesis on a video game called Second Life. Except it wasnt just a video game. It was a virtual world where peoples avatars lived, played, and worked. And just like in the real world, people needed a way to exchange value with each other. If someone sewed a virtual shirt, they wanted to be compensated for doing so. The solution? Linden Labs, the company behind the game, came up with a virtual currency that players could use within the gameand even exchange for real currency outside of the game. Today, we call that cryptocurrency. At the time, it was simply a way to compensate people or pay for goods and services within the game. At one point, Fatboy Slim even did a concert on one of the virtual islands and charged people to watch it. Now, theres a new virtual world project from Linden Labs called High Fidelity. And this time, theyre using blockchain to underpin their internal network currency. That really isnt too surprising, given that the gaming industry was one of the first places we saw the peer-to-peer behavior that makes up our current cryptocurrencies. While the gaming industry led the way in many respects, it might be revolutionized by the very technology it helped create. Heres how: The gaming industry has a long history of helping players exchange real value in a virtual world. Digital assets are nothing new, but our ability to exchange these various assets is growing. For instance, the CryptoKitties craze on Ethereums network is based around collecting and trading digital cats that hold real value. Its relatively new, yet Ethereum is already having problems with the volume of transactions. This volume will only increa Continue reading >>

Blockchain Could Trigger The Game Industrys Next Evolution

Blockchain Could Trigger The Game Industrys Next Evolution

Technology is mostly incremental. We make batteries last 20 percent longer. We make glass strong enough to serve as the front surface of a cellphone. We let headphones sample ambient sounds so they can filter more noise. Products perform better. They cost less. They last longer. Sometimes a different sort of innovation comes along, a technology that serves as the platform for unanticipated breakthroughs. These innovations disrupt the status quo, toppling established market leaders and creating opportunities for a generation of creators: artists, technicians, leaders, or dreamers. The full implications of these major innovations are never fully grasped at first. A few visionaries get a glimpse and play a hand in the disruptive transformations that accompany the new technology. But disruptive technologies dont achieve full fruition until they are harnessed by a community of creative dreamers who use them to instantiate their creative visions. Thats where we stand today with blockchain . Blockchain is a data structure and associated set of algorithms for distributing, storing, and accessing data. Computer programs use blockchain protocols to ensure that access to information is, due to the unique distributed nature of the blockchain architecture, secure, authenticated, and authorized. The technology supports the authentication and transfer of digital data, including everything from medical records to cryptocurrency without the need for an intermediary broker. Thats why blockchain is ideal as the technical foundation for an international, friction-free virtual currency like Bitcoin or GAME . Every unit of cryptocurrency is indexed and every transaction is recorded in a secure, authenticated open ledger that maintains anonymity and privacy among those who conduct the transa Continue reading >>

Chimaera - Blockchain Gaming

Chimaera - Blockchain Gaming

Chimaera's custom blockchain is designed specifically for blockchain gaming. We provide an entire ecosystem for game developers and gamers to thrive in never before seen markets. Our years of experience have resulted in some of the most innovative technologies in cryptocurrency that ensure safe trading and near infinite scalability. An emerging genre of gaming that was first introduced in our pioneer project, Huntercoin. In this genre, blockchains are propagated and rewards are distributed on the basis of player success in online gaming competition. As conceived by our team in 2013, Decentralised Autonomous Universes allow unstoppable game worlds that are provably fair and secure. Its your world! As pioneered by our team in Namecoin, this guarantees safe trading of virtual assets where everyone gets what is agreed upon, and fraud is impossible. Peer-to-peer networks reminiscent of a gamified Lightning Network. With game channels, any number of players can participate in real-time, trustless gameplay. Provably fair games have real economies where rewards transcend the digital and manifest in reality. This is the Apotheosis of Gaming. Ownership is guaranteed, absolute, and as immutable as the blockchain. Safe and secure, payments and trading are easier, faster and cheaper than ever before, all with no need for a trusted 3rd party. Provably fair games have real economies where rewards transcend the digital and manifest in reality. This is the Apotheosis of Gaming. Ownership is guaranteed, absolute, and as immutable as the blockchain. Safe and secure, payments and trading are easier, faster and cheaper than ever before, all with no need for a trusted 3rd party. An emerging genre of gaming that was first introduced in our pioneer project, Huntercoin. In this genre, blockcha Continue reading >>

Blockchain Could Turn Video Games Into A Full Time Career | Digital Trends

Blockchain Could Turn Video Games Into A Full Time Career | Digital Trends

Video games are more than a game. They are, at different times for different people, a challenge, a business, a lifestyle, or all the above. While professional gamers fight for titles, and the money that goes with them, millions of others are buying, selling, gathering, grouping, chatting, and organizing. While not everyone has realized it, humanity has long passed the point of projecting real value only on tangible objects. Virtual goods can command staggering sums. This article is part of our series Blockchain beyond Bitcoin . Bitcoin is the beginning, but its far from the end. To help you wrap your head around why, were taking a deep dive into the world of blockchain. In this series, well go beyond cryptocurrency and hone in on blockchain applications that could reshape medical records, voting machines, video games, and more Many games, like Fortnite and League of Legends , have built themselves on top of paid transactions for characters, items, and currency. Yet the details of how these purchases interact are often unclear. What should players own? How should goods be traded? Who should dictate pricing? The answers depend on the game you play and can vary wildly from one game to the next, sowing distrust and confusion. Players want consistency, flexibility, transparency, and privacy. Theyre not getting it. Blockchain might be the answer and more. The promise of ownership may be what lures gamers towards it, but theyll get more than they bargained for. Seeing the potential for profit, companies soon appeared to farm in-game gold and items. By the mid-2000s, gold farming was in full swing, complete with digital sweatshops that saw workers spend 12-hour days grinding away in games. Free-to-play games turned that reality into a business model, selling official virtual Continue reading >>

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