Crypto + Gaming

Crypto + Gaming


Hi, friends!
Today, we will talk about one of
the most promising areas for
blockchain application – games.
Crypto gaming is a very broad
theme,
so we will give only a
general understanding
of why blockchain is needed in
games and why crypto game
projects will be the most
lucrative for investors and
players in future.
Let’s roll!
It’s known that the video game
industry,
especially its mobile segment,
is growing very fast.
For example, revenue from the
mobile game
sector in 2017 grew by more than
23% against that of 2016.
At the same time, free-to-play
games accounted for the lion’s
share of the revenue.
According to various estimates,
they generated about 75%.
Free-2-play is the most
profitable payback game model.
Such games are free,
but they offer the player to buy
premium currency or hard
currency, such as gem stones,
gold, crystals and even donuts.
There are so many examples of
free2play games – the famous
Clash of clans, Candy crush,
Clash royale, Mobile strike,
Game of war and so on.
So, why do we highlight this
game category? We do so because
f2p games are the perfect
medium for tokenization –
replace hard currency
in the game with tokens and you
will get ideal symbiosis.
Let’s assume that the “hard
currency” of a game is a
cryptocurrency
emitted in limited quantity and
sold for use in the game.
The more popular the game is,
the greater the liquidity
acquired by that crypto
currency.
For a player, getting a game
cryptocurrency as a prize is an
opportunity to earn real money
by playing the game without
being a professional
cyberathlete.
Yulia, but what’s the attitude
of mobile platforms towards
cryptocurrencies in a game?
That’s a good question! For now,
it’s negative)) We will
certainly invite to our studio
representatives of app stores to
hear their official position.
But for now, in order to comply
with platform rules, game
developers have introduced
tokens only in desktop (Windows,
MacOS) computers and web
versions of games.
The tokens themselves are
typically purchased during game
ICOs, on cryptocurrency
exchanges that support the
listing of such tokens.
They can also be purchased
directly from the game site.
We all know that blockchain
technology is not limited to
cryptocurrencies alone. So, how
else is blockchain used in
games?
First, the emergence of smart
contracts has made it possible
to use blockchain to create and
securely exchange unique digital
assets.
Blockchain also ensures reliable
storage of such assets because
they are not kept in a separate
private server, but in a
publicly accessible register.
Secondly, blockchain guarantees
the so-called Proof of Asset
Scarcity. As a public
distributed register, blockchain
will enable game developers
to prove the rarity of virtual
objects created by them.
Players will always be able to
check the exact amount of a
particular virtual item
released.
Roma, since you’ve touched the
topic of rare game objects, let
me mention the Ethereum ERC721
token that is unusual to us.
This token is ideal for creating
crypto collectibles.
The notorious virtual cats
CryptoKitties, which have unique
attributes such as breed, color
and age, are the same very
ERC-721 tokens.
Let’s compare them with the
ERC-20 standard widely used in
many ICOs. ERC-20 tokens are
“interchangeable”.
This means that each ERC20 token
is a complete copy of another
ERC20 token.
This interchangeability property
is not suitable for “crypto-
collectibles” because
collectible items must have
permanent unique attributes.
Such attributes make collectible
items not only very popular but
also extremely valuable.
Secondly, ERC-20 markers can be
divided, which means that users
can split the token into small
parts for purchase or sale.
This property is again not
suitable for collectibles,
because they are valuable only
as an integral whole.
Thus, ERC-721 tokens are non-
interchangeable and indivisible.
This token standard is
increasingly gaining popularity.
The first cryptogaming project
with
Russian roots, which uses the
ERC-721 standard,
is the Ethernal Heroes project
from the Game Garden
studio – a blockchain-based
collectible card battler.
Its target audience are fans of
hardcore card games,
such as Hearthstone and Magic:
The Gathering.
In Ethernal Heroes, there are
several types of card rarity,
including ultra-rare and
legendary.
These cards are issued in a
strictly limited quantity
and are traded only at a gaming
auction.
Developers from Game Garden used
the ERC-721 standard to create
and guarantee the uniqueness of
such auction cards.
If you want to know more about
ERC-721, please follow the link
below.
I would like to touch on another
problem
in the game industry, which can
be solved using the blockchain.
I’m talking about the draconian
commissions
charged by stores such as Steam,
Apple, and Google.
As you know, Google and Apple
charge up to 30% of the revenue
received by game developers from
user’s expenses both in paid and
in free games with in-game
purchases.
In the meantime, store killers
are being developed in the
crypto world.
These are special crypto-payment
systems for online games.
They are powered by smart
contracts with a single
accounting token.
The primary advantages of such
alternative crypto stores for
developers is that they charge
low commissions (up to 10% of
revenue on the game)
and they are fast in paying out
compensation to developers for
the sale of their game apps.
As you know, Google and Apple
pay such a reward within a
period of up to 60 days. But
these alternative crypto stores
promise to do it within 3 days.
So, friends, you can see that
blockchain technology will
create
an entire alternative economy
for the game industry,
with minimal transaction and
intermediary costs.
It would also guarantee safety
of your virtual assets.
As I already mentioned, this was
the first introductory topic on
the theme of blockchain games.
Later on, we will analyze
specific game cases and invite
developers and advisers
of the most successful crypto-
gaming projects to our studio
for an interview.
On the studio today were Roman
Kaufman and Julia Plavnik.
Please join us on the Iceberg
channel. It is dedicated to
those who are for progress and
against scam.

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