Mario video games in the year 1981 became very famous among game lovers by the name of Jumpman. In today’s world, Donkey Kong has become popular globally and is considered one of the most beloved games among Nintendo lovers. In fact, the game underwent many upgrades. Computer graphics have really won the hearts of millions.

Graphics has gone beyond just technological advancements. With the growth of smartphone culture, mobile gaming came into view. Users started playing their favourite games even if they were at work. A researcher working for a blockchain technology company recently said that it can be better when you have your favourite game handy on your mobile phone. In the year 2018, Asia’s mobile gaming industry received an annual revenue of US$41.5 billion. Researchers claimed that the next step of the gaming industry revolves around blockchain technology. It is going to be far more profitable than what the industry has earned to date.

The Potential of Blockchain Technology to Enhance Industry Profits

The gaming industry is not new to blockchain technology, but it is still in its elementary stages. There are various kinds of games built on blockchain technology that are earning a good deal of money in the current market. CryptoKitties is the most famous and demanded game on the blockchain network. CryptoKitties is an authentic game that allows players to purchase, breed, and trade digital kittens with the help of cryptocurrency. The game was launched in October 2017, and it only took three months for it to earn a profit of $12 million. The full version of the game was only available for a week.

With blockchain technology, game developers are not the only ones who can take advantage of the system. The players can also earn profits. The game CryptoKitties allowed players to encash their tokens by selling their kittens to other players. Once the number of kittens doubles, the players can sell them to other players. Games such as this give away a place for the players to make money as well. Developers do not have the right to produce virtual money. Non-fungible tokens are authentic by their very nature. It is next to impossible to make an image of such tokens because they possess a unique address on the blockchain network.

How is technology beneficial to the gaming industry?

The game developers and the gamers are receiving vast benefits from the blockchain technology. The main problem with this technology is that there is a scarcity of unique circulation channels for the games stored in the network. Most of the games on the network are web games, but a large number of gamers prefer to play their favourite games using their mobile phones. The main problem is that Google Play and the Apple Store do not allow the circulation of mobile games that are cryptocurrency-based.

At the same time. Blockchain technology is still in its growing years. It should not be forgotten that it is incapable of supporting a large number of transactions. Web games can easily let users play heavily stored games. CryptoKitties made a sale of $12 million, and soon after, the app crashed because it was unable to support so many users. Blockchain technology can be disastrous for non-crypto users. The user interface is not very pleasing. Moreover, only a small number of blockchain lovers are allowed inside the network. Using blockchain is not like flying a plane. It's something like PayPal while logging in. If you want to transact a certain amount, then you need to type in the person’s email ID, and it is done.

How to Overcome the Blockchain Technology Challenges in the Gaming Industry?

Disadvantages are higher than advantages within the blockchain network. Giving up hope is not the perfect solution. Yes, it is difficult for blockchain technology to support highly interactive games. Axie Infinity, a game almost as popular as CryptoKitties, has a lot more to discover and improve. People said that the blockchain technology was not speedy enough to play a game. Axie Infinity proved the statement wrong. In fact, it is a far more interactive game when compared with CryptoKitties. Game developers are trying their best to build games that go hand in hand with the blockchain technology. TomoChain has recently introduced TomoZ into the market, which will permit users to adopt decentralized applications. This can be done without having to purchase ETH or TOMO. Tomo X is another kind of protocol that allows gamers to deal in assets across various types of games. The best thing about the Tomochain network is that you do not require a third party.

The network came into existence by the end of 2018, and now it has started to draw the attention of various game developers. It is not mandatory for them to know blockchain technology. The main aim of the network is to build a platform for gamers where they can play safely and securely.