Conducted by LA-based digital media consulting company Vorhaus Advisors, the “Untapped Opportunities: Games, Virtual Goods, and Blockchain” survey found that only one out of four American adults have somewhat of an understanding of what blockchain is.
The survey also revealed that almost two-thirds of the participants think blockchain is synonymous with digital currency, with 48% believing that “blockchain is the same as Bitcoin.” Only 25% have used blockchain products and services for American adults aged 18-34. The survey aimed “to assess the level of interest in blockchain-enabled features in games.”
The survey results show that even though there has been growing mainstream use of digital currencies, most Americans still have no basic understanding of blockchain technology, which is sad because the true power of Bitcoin lies in its blockchain.
Online Gaming and Blockchain Technology
As the coronavirus pandemic has made people stay in and work from their homes, the online gaming industry has grown tremendously, with 50 key global markets reporting an increase of 63% in the year 2020 alone. Due to lockdowns, digital downloads in France rose by more than 180% and digital sales increased by142.8% and 174.9% in Spain and Italy, respectively. Paytm Online gaming portal users also increased dramatically as Paytm First Games reported a growth of 200% and Gamerji 50%.
In the same way, users are opting to use digital currencies for online gaming and Bitcoin is a popular choice. Furthermore, the Vorhaus Advisors survey found that 51% of gamers want to earn revenue from online gaming and 63% will play more games if they can profit from them. This can happen through the Bitcoin SV blockchain, which has its own BSV tokens that they can trade online.
With the increase in users, online gaming is generating a massive amount of data, and the Bitcoin SV blockchain is well-equipped to handle large-scale data due to it having unleashed unbounded scalability. This means that Bitcoin SV is continuously scaling its blocks to accommodate higher volumes of data. And this is why more and more online gaming platforms are choosing to use Bitcoin SV for their blockchain needs.
Blockchain technology continues to become known as a stable and innovative technology that many industries can use. Bitcoin SV has even conquered Dubai as it took center stage in what is known as the world’s most prestigious investment summit, where even members of royal families are present. The next Bitcoin SV conference will be held in Zurich, Switzerland this year. With these global summits and conferences, soon, the entire world will understand the power of blockchain technology.
Source: Platodata
