The intertwining story of gaming and blockchain: a mutually beneficial relationship

The intertwining story of gaming and blockchain: a mutually beneficial relationship

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The future of blockchain and gaming is bright, no one can deny that. These are two of the most up-and-coming and exciting areas of technology with enormous potential to grow. They are expected to take over the world and also bring in investors and, at the end, a lot of money for the people in the right places. But in the last couple years, the tales of these two began to intertwine. The symbiosis of gaming and blockchain has just started. And still has so much to offer.

Gamers are the perfect target group for blockchain

Whether it is in the form of a new blockchain-based game or a new blockchain-based platform for an already existing game, there are endless possibilities for the two areas to help each other in a mutually beneficial way. And when we head over to the realm of streaming, these already infinite number of potential new projects multiple. (Let’s not really dwell on the mathematical reasoning here, we know multiplying infinite amounts might be a bit pointless. Please just roll with the idea for the sake of painting a nice picture here, thank you.)

And actually, when we think about it, it makes a lot of sense why these two areas would be beneficial for each other. Gamers are the perfect audience for potential blockchain and cryptocurrency users. (You can buy bitcoin and other cryptocurrencies online at Coinmixed.eu and in person using the Lurdy ATM). They are already enthusiastic about and open to new technologies. And not only that, they are also used to virtual, in-game currencies. And if a gamer is familiar with virtual payment systems that most people don’t understand, they will most probably understand the main concept of blockchain.

So gamers are basically the perfect target group for potential crypto enthusiasts. But there’s also some other reasons why gaming could actually benefit from integrating blockchain technology into its system.

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Verifiable scarcity in the world of gaming with the help of blockchain

The first one is verifiable scarcity. This is one of the main advantages of the blockchain technology that many other industries have already started to integrate into their services as well (like the food or fashion industry). Blockchain allows users to see the exact origins of the item they’re using. This way they can know, without a doubt and with absolute certainty, that it is indeed an original and not a fake version created much later. This can be really helpful for games that have unique collectibles and non-fungible assets within their universes. This means that by using blockchain technology, the non-fungible assets can be assured to be unique, one-of-a-kind and, well, non-fungible. These non-fungible tokens became especially popular with the rise of the blockchain-based game, CryptoKitties, where collecting unique cats have become the new craze between crypto enthusiasts.

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The intertwining story of gaming and blockchain: a mutually beneficial relationship

Fast and secure payments

The other reason why integrating blockchain could be beneficial for gaming is the fast and secure payment system. With increasing complaints directed at credit card companies like Visa who charge more and more for every transaction, blockchain payment systems could offer a new, fast and secure method to complete any in-game purchases. Of course, some people might say that as bitcoin transactions are known to be quite slow, it is not a sustainable and effective way to pay for these purchases. But with the development of the Lightning Network that offers lightning fast transactions that are verified within seconds, this problem might already be merely a challenge of the past. A solution is already out in the open.

In addition to this, these payment systems can also be integrated into betting platforms as well which are closely related to gaming, and especially competitive gaming and eSports. There are already several blockchain-based betting platforms that utilize all the advantages of the blockchain technology and cryptocurrencies, like Unikoin Gold.

Games from the people to the people

One additional advantage of the whole blockchain ecosystem actually lies in its very first founding stones: the original idea of decentralization, avoiding and cutting out the middlemen in all processes. Today, game developers are often exploited by the big gaming companies who distribute their ideas and works. But using blockchain-based platforms for development, gaming could finally go back to its rightful place. Games created by people for people. No corporate entity in the middle that only takes the profit out of the circle.

Streaming: decentralized communities for gaming

And, of course, when we are talking about gaming today, there is no way we can skip the topic of streaming. Streaming games is one of the most essential parts of today’s gaming culture. There are millions of people every day who can watch gamers for hours on end. But streaming also needs a platform. And not just any platform. A platform that does not exploit its creators and viewers, a platform that serves one main purpose: people enjoying playing and watching games.

A couple of weeks ago, the news of PewDiePie, today’s biggest YouTuber, choosing the streaming platform Dlive as his exclusive streaming service made headlines all over the world. The gamer has previously complained about other platforms such as Twitch and YouTube for not treating their creators right and for taking enormous cuts from the revenues. But now, Dlive is proposing a different solution. A new way of streaming that already caught the eye of PewDiePie and because of him, the attention of a lot of other smaller creators and streamers.

The intertwining story of gaming and blockchain: a mutually beneficial relationship

Instead of taking platform cuts, rewarding creators and viewers

Dlive is a “decentralized live streaming community built using the Lino blockchain”. This is how they introduce themselves and, to be fair, it is pretty spot on. They support Bitcoin Cash, Bitcoin, Ethereum, Litecoin and their own native tokens. They already have over 3 million active users and about 35,000 active streamers. And these numbers are pretty telling – especially in terms of understanding why their business strategy is so alluring to creators and viewers as well. They do not take platform cuts from user’s donations and subscriptions. And that’s not all: they also reward the creators and viewers with their native Lino points for participation. This sort of ‘creators first’ attitude is something that is completely foreign for the big corporate platforms. On YouTube even the biggest creators often complain that their content is being demonetized.

Decentralized streaming is a breath of fresh air in today’s gaming world. And it seems like a lot of people are just about fed up with the smog of Twitch and YouTube.

Blockchain where it should be: in the mainstream

The symbiosis of gaming, streaming and blockchain is one with enormous potential. These are just a few ideas and advantages people might be able to capitalize on. The number of potential projects growing out of this intertwined ecosystem is growing exponentially. As more and more people realize the potential of integrating blockchain technology into gaming, the number of new crypto enthusiasts grows. And this is exactly what blockchain needs here. The only way to reach mass adoption is to reach as many people as possible.

So while blockchain technology has a lot to offer to gaming, gaming might just have the biggest trump card in its hand: a way to propel blockchain into the mainstream.

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