With majority of the world population on lockdown, the virtual gaming platforms have experienced a spike in traffic and usage. Reportedly significant activity has been cited on blockchain-based gaming platforms as well, which is notably higher than usual.
Certain blockchain networks have recorded high latency levels, which is quite unusual. The surge in activity on DLT based gaming platforms has been accredited to the flocking of quarantined gamers in respective sites.
Why there is Growing Interest in Blockchain Gaming?
The social distancing protocol amid pandemic has moved the entire population online for basic needs, remote working, and entertainment. A crisis-hit world needs relaxation, and what better way to blow off steam than an online game-off. So, it’s not surprising that people are spending more time on gaming sites. However, the sudden interest in blockchain gaming is a case worthy of analysis.
The market insiders have been saying this for a long time that as time will pass, more and more developers will lean towards the play-to-earn games. Cryptokitties have set a great example by gaining popularity in such a short time. The gamers are getting enticed by the play-to-earn concept of a Blockchain-based gaming platform.
The internet has seen a rise in community engagements, concerning the sharing of information and for earning more through crypto gaming. In times of an economic crisis, people are inclining towards it in the hope to earn some while getting entertained.
Another appeal of the blockchain and crypto gaming platforms is the decentralized nature. Gamers find a sense of relief knowing that the network is free of any centralized autonomy. The collaboration of blockchain and gaming is a two-way street.
On one hand, gaming offers the Blockchain a user-friendly and entertaining avenue for mass adoption. The technology, on the other hand, aids game developers and players with an open-source, decentralized and transparent platform for entertainment and development.
How Profitable is the Blockchain Alternative of Gaming?
The gaming industry has experienced a $67 billion surge in revenue since the introduction of blockchain-based gaming platforms. Market experts, identify it as a gradually growing industry with immense potential for generating high revenue and attract investments.
In recent years, online censorship of centralized platforms has been a cause of concern for users. That is one of the primary reasons behind the significant display of interest in decentralized games.
Till now, the blockchain gaming platforms had been getting both traction and participation from regular gamers. The pandemic lockdown and economic fallout was just a nudge that pushed them further into accepting the genre.
Read Also: Crypto Gaming Platforms Promote Social Distancing during Corona Crisis
With the growing number of players and increased traffic, developers and gaming companies are expecting not just more profits but a leap in mass adoption as well. To that effect, most companies are focused on increasing the scalability of the games and respective networks.
How to Achieve Mass Adoption?
While the world battles with the pandemic crisis, blockchain game developers have set their mind and effort into accelerating mass adoption. The goal here is to appeal to traditional gamers. Market experts have observed that the chance to earn an in-game token, has moved a lot of people to blockchain gaming since the financial markets entered the bear phase leading to an economic downturn.
They suggest that to make it more appealing to the worldwide gamers, the scale-up and the onboarding process has to be easy and quick. A game that requires a basic skill set is bound to attract more players. For mass adoption, it is important to appeal to the masses and not just the pro-gamers.
The gaming companies, can use crypto tokens for managing the access and reward the gamers, to attract more towards the genre. People need to play it like they play video games, and that’s what will lead to mass adoption.
Its been long since the blockchain gaming platforms have been experimenting with different consensus protocols. Developers are now focusing on more engaging and interactive gaming patterns to get more people to play the games.
The global gaming industry was among the first to be disrupted by blockchain and cryptocurrency. There has been a gradual rise in popularity, but the pandemic has accelerated the growth of the blockchain gaming industry just like any other DLT backed system. To keep the trend continuing the developers will have to think outside of the box and explore ways to make it as lucrative and profit-generating as the traditional gaming industry.
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