Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.
Set to be valued at $321 billion by 2026, the gaming industry continues to innovate at a relentless speed as new technologies enter the mix. While the likes of virtual reality (VR), ever-improving 3D rendering software, and cross-compatible play have taken center stage in recent years, there’s one corner of innovation that stands above the rest when immersing players in everything that they do within their favorite gaming ecosystem; blockchain technology.
Blockchain gaming – also known as Web3 gaming or GameFi – is the inevitable next phase in gaming’s evolution. By building games within a decentralized distributed ledger system known as a blockchain, this tech-come-gaming combination essentially enables players to truly own what they earn in-game, be it through crypto tokens and/or non-fungible tokens (NFTs). The power of this innovation falls within the technology’s ability to hand full control over in-game assets and progress to players themselves. Be it in-game utilization and/or transfers into personal non-custodial crypto wallets for real-world trading purposes, blockchain-facilitated user autonomy signals the epitome of what gamers truly want from their hours of strategy, commitment, and effort across their favorite games.
That being said, since its inception in 2020, the blockchain industry has yet to take real shape due to the several seemingly homogenous problems that are presented to projects when building a sustainable blockchain-centric business model within a seamless, immersive, rewarding, and enjoyable
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