Will Blockchain revolutionise the gaming industry?

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A blockchain game as the name suggests is based on blockchain technology. Huntercoin is the world’s first blockchain game. It was released in beta in September 2013 and full release of this of this game was done in February 2014. Huntercoin was forked from Namecoin and this runs entirely on its blockchain without servers. In the game, the player earns HUC by competing with one another and they can use this to trade for Bitcoin.

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The gaming industry is always ready to try something new and exciting. They always thrive with their consumers who are ready to engage with new and exciting products. And whenever there is a technological advancement, the gaming industry always take advantage of such scenarios. The technological change enables new ways of working and this is going to increase the number of new games that are coming next into the market.

Blockchain has a huge potential to impact everything on its path. And Blockchain is going to be accessed by talented people and they will be paid enormously and their work is very well organized.

In the early stage of Blockchain and  Cryptocurrencies, there wasn’t any way to financially reward gamers for creating or co-creating video games. Now that things have changed so much in the past 10 years, a model has been created where the co-creators are guaranteed financial rewards has become possible. People should be given the incentives with real economic benefits for doing the work whether it is developing games, characters, story, animations, plot twist, action and most importantly gameplay. With blockchain and cryptocurrency, there will be an end to this form of unpaid work. The truth is real rewards will seemingly increase both the quality and the quantity of the work dramatically. By allowing the publishers and the developers, and recognizing their work, even scaling of the awareness of their work is necessary. Community creators will quickly become third-party developers and they will gain financial rewards for their work.

As far as gamers are concerned, they will be rewarded with Cryptocurrency for playing as well as reviewing games. The gamers are also supposed to give the feedback to developers and they’d also have to share social content to help in the promotion of the games they love. The developers will have access to millions of gamers throughout the entire creation process. They will also to able to license user-generated content and sell and market these games through the blockchain platform. This new model comes ahead with a key transition in the global labor market, the AI technologies has a promising future to make some jobs obsolete and there will be new careers emerging in this sector.

With Blockchain technology and peer-to-peer cryptocurrency payments and transactions, the employers will be able to pay anyone, anywhere in the world. And with Blockchain and Cryptocurrency, it is now possible to hire anyone anywhere, to tap into a global talent pool.

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