Could Gamifying Blockchain Lead to Greater Adoption Overall?

In 1996, Japanese video game developer Game Freak redefined portable gaming with Pokémon Red and Blue, companion titles that used tradable virtual creatures to merge digital achievement with a real-world sense of ownership and transaction.

Today, blockchain games represent a bold new extension of this type of gaming: full-fledged game economics. In this case, the “gotta catch ’em all” mentality of the Game Boy age is applied to a network of decentralized collectibles and real-world payouts, and people are throwing an insane amount of money at these games.

Could Gamifying Blockchain Lead to Greater Adoption Overall?

Take CryptoKitties, for example. Fitz Tepper, the VP of Operations at Rally Rd, calls CryptoKitties “the digital version of Pokemon cards but based on the Ethereum blockchain.”

Let the Blockchain Games Begin

There are numerous blockchain games that feature intuitive virtual marketplaces where non-fungible tokens (NFTs) commodify digital assets, adding legitimate value to in-game staking and swapping.

Learning from a Turbulent Past

Blockchain gaming has been around for longer than many are aware, and its mostly benign past is a byproduct of its initial flaws and complexities.

Game Devs are Resilient and Pivot Quickly

However, game developers were resilient, adapting to rapid technological advancements and fine-tuning both usability and virtual infrastructure.

Creating New Demand

The blockchain industry’s narrative shift has been, in part, serendipitous with a growing emphasis on immersive video game technology.

How to Map Token and NFT Success

The Highly Successful Gaming Industry

Consider the current online gaming industry: a market that is highly successful, yet rife with hackers and fraudulent activity that threatens the integrity of communal gameplay.

Will the Play be Non-Hackable?

In this case, the mere suggestion of non-hackable assets paints a picture of a fully redefined industry.

Learning New Lessons

While the above information is undoubtedly exciting, it comes with a major caveat: the current blockchain gaming industry, though vastly improved since the early 2010s, is far from infallible.

Who is Solving the Three-Prong Issue?

Luckily, prominent blockchain names are actively working to solve the trilemma by means of sharding and proof of stake (PoS) mechanics. Additionally, disruptive algorithmic tactics that strive to increase efficiency and scalability while upholding virtual security.

What Do Consumer’s Demand?

Consumers want more governance over their gameplay and are flocking to blockchain games that allow them to propose changes, suggest new digital assets, and recommend additional features in exchange for in-game tokens.

Conclusion

A powerful combo of gaming + blockchain + NFT + DeFi brings a whole new era to avid players where they can finally be not only a participant — but rather a full member of the game economy and its ecosystem.

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