Sunday, March 26, 2023
  • Home
  • About Us
  • Contact Us
  • Anti Spam Policy
  • DMCA
  • Privacy Policy
  • Terms of Use
My Pro Blog
  • Home
  • Finance
  • Internet
  • Life
    • Education
    • Food
    • Property
    • Beauty
    • Sports
  • News
  • Tech and Gadgets
    • Mobile
    • Auto Mobile
    • Computer
  • Travel
No Result
View All Result
My Pro Blog
  • Home
  • Finance
  • Internet
  • Life
    • Education
    • Food
    • Property
    • Beauty
    • Sports
  • News
  • Tech and Gadgets
    • Mobile
    • Auto Mobile
    • Computer
  • Travel
No Result
View All Result
My Pro Blog
No Result
View All Result
ADVERTISEMENT
Home News

How Blockchain is Disrupting the Gaming Industry

Serlyn Shetty by Serlyn Shetty
3 weeks ago
in News
0
ADVERTISEMENT

Blockchain technology is a force to be reckoned with, especially as it has seen a boom in usage and expansion in recent years. Today, the financial sector is already deep into investments in blockchain technology, and industries worldwide are adopting it. Experts from Statista are already estimating that its continued growth will eventually exceed 39 billion USD in global market size by 2025.

It has largely become popular through cryptocurrency, though blockchain has been used in other platforms and operations. As a major disruptor globally, it seems the next frontier for this technology lies in the gaming industry.

Article Summary show
Cryptocurrency and Gaming
Blockchain Changing How We Play

Cryptocurrency and Gaming

In the realm of cryptocurrency, it has already disrupted supply chains, which affect gamers worldwide. PCMag.com reports that crypto mining for Chia is expected to lead to a massive shortage of hard drives and SSDs, just as Bitcoin mining has already resulted in a major GPU shortage that the computer world—gaming or not—is still experiencing. Gaming insiders are already expecting other ways blockchain and cryptocurrencies will disrupt gaming if it becomes integrated into the very fabric.

Blockchain is responsible for the existence of cryptocurrency. In this light, a major field in gaming already starting to make use of this digital financial asset is esports. Entrepreneur.com has recently covered how esports personalities and gaming platforms are starting to capitalize on the tech. Pro gamers use it as custom fan currency, and competitive games introducing their own tokens as prize money for their tournaments.

ADVERTISEMENT

A specific segment in gaming already makes heavy use of existent cryptocurrencies, too – online gambling and casinos. Because of its transactions’ speed, security, and privacy, many digital platforms for games like roulette, slots, Blackjack, poker, and more have made these currencies their main financial asset and allow users to bet and win these very tokens. In an article on Poker.org, Jon Sofen writes that this widespread adoption can largely be attributed to cryptocurrency’s potential in the industry. Because of its easy account funding, wider acceptance, and independence from traditional banking, cryptocurrency could eventually be the gateway to legalizing many online casino games in more jurisdictions.

ADVERTISEMENT

Blockchain Changing How We Play

Aside from crypto, blockchain technology is also looking to revolutionize gaming by affecting digital assets and changing how in-game purchases work. Much of the regional restrictions set in place for global multiplayer games can be abolished with the mass implementation of blockchain. In Free-to-Play games, blockchain would redefine cross-play as it allows users to bring addresses from one game to another. This essentially enables players to truly own their in-game assets and, for example, transfer a weapon skin from shooter Valorant to an equally usable digital asset in MMORPG League of Legends.

Atari has been one of the biggest players already investing in blockchain for this powerful new frontier as the future of gaming. This comes hot on the heels of popular gamer and online personality Felix Kjellberg (PewDiePie) announcing his support for non-fungible tokens (NFTs) that allow players to be rewarded with these in-game assets outside the bounds of the games they receive them in.

ADVERTISEMENT

For now, blockchain technology’s innovative measures make it an extremely attractive gamechanger in the gaming market. It seems further adoption is truly on the horizon, especially as scientists from the Russian Quantum Center find ways to combat the possible development of quantum-based malicious attacks on the security of blockchain systems.

ADVERTISEMENT
Previous Post

Profiling All 28 'Future Stars' Featured in EA Sports' FIFA 19

Next Post

Dolly Parton’s Costumes to Be Featured in Grammy Museum Exhibit

Serlyn Shetty

Serlyn Shetty

While going towards reading some of the blogs, I have learned about Blogging and writing articles of my own.I have started writing on blogs since 2014, and I give my best time in blogging for writing and learning new things daily.If you love my article, then do share with your friends and family hope they will like to read it too.

Related Posts

5 Predictions for the Future of Information Technology
News

5 Predictions for the Future of Information Technology

by Serlyn Shetty
March 22, 2023
Why Marketing Channels Must Mirror Societal Norms
News

Why Marketing Channels Must Mirror Societal Norms

by Serlyn Shetty
March 10, 2023
What Is Business Communication? Why Do You Need It?
News

What Is Business Communication? Why Do You Need It?

by Serlyn Shetty
March 10, 2023
India’s First Budget Post GST implementation
News

India’s First Budget Post GST implementation

by Serlyn Shetty
March 8, 2023
Tips for Crowd Control Planning
News

Tips for Crowd Control Planning

by Serlyn Shetty
March 3, 2023
Next Post
Dolly Parton’s Costumes to Be Featured in Grammy Museum Exhibit

Dolly Parton’s Costumes to Be Featured in Grammy Museum Exhibit

4 Gadgets to Help Take Care of Your Pets Properly
Life

4 Gadgets to Help Take Care of Your Pets Properly

by Serlyn Shetty
March 25, 2023
0

There is no reason to invest in any gadget to help you take good, proper, loving care of your cherished...

Read more
5 Tips To Reassess Your Car Insurance Policy

5 Tips To Reassess Your Car Insurance Policy

March 24, 2023
5 Tips To Keep Your Two-wheeler Functional During Monsoon

5 Tips To Keep Your Two-wheeler Functional During Monsoon

March 24, 2023
Small savings today for a better tomorrow

Small savings today for a better tomorrow

March 24, 2023
There is no better time to start investing than today

There is no better time to start investing than today

March 24, 2023
ADVERTISEMENT

About

My Pro Blog is being managed by a group of people to update the website regularly.

This blog combines the various topics including the Internet, Social, Life and gadgets Updates.

We are always in the forward of making this blog big with our regular updates.

Categories

  • Auto Mobile
  • Beauty
  • Computer
  • Education
  • Fashion
  • Featured
  • Finance
  • Food
  • Internet
  • Life
  • Mobile
  • News
  • Property
  • Sports
  • Tech and Gadgets
  • Travel

Recent News

4 Gadgets to Help Take Care of Your Pets Properly

4 Gadgets to Help Take Care of Your Pets Properly

March 25, 2023
5 Tips To Reassess Your Car Insurance Policy

5 Tips To Reassess Your Car Insurance Policy

March 24, 2023
  • Home
  • About Us
  • Contact Us
  • Anti Spam Policy
  • DMCA
  • Privacy Policy
  • Terms of Use

© [wpsos_year] My Pro Blog - Design and Maintained by WikiBulz.

No Result
View All Result
  • Home
  • Finance
  • Internet
  • Life
    • Education
    • Food
    • Property
    • Beauty
    • Sports
  • News
  • Tech and Gadgets
    • Mobile
    • Auto Mobile
    • Computer
  • Travel

© [wpsos_year] My Pro Blog - Design and Maintained by WikiBulz.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.