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Why investors are now enthusiastic about “blockchain games”

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Cryptocurrency that has already caused multiple bubbles this year. But what investors are looking at right now is something that’s already ahead – blockchain games.
We will explore the background of investors’ attention to blockchain games while explaining how blockchain affects the game industry and the relationship between blockchain games and cryptocurrencies.

1. Why are investors now focusing on blockchain games?

Development of the game industry with the latest
AI (artificial intelligence), VR (virtual reality), and he is AR (augmented reality), which are becoming more and more familiar with the development of technology. One of the industries in which these latest technologies have a great influence is the game industry. The feeling of entering the game world attracts many gamers.
Currently, the main experience is at game centers and events, but in the future it will not be long before there is one VR per family.Fusion of virtual currency and games
Entering the game industry with cryptocurrencies is an indispensable topic in explaining the relationship between games and blockchain. The number of games that allow you to buy and sell items using virtual currency is increasing.
for example CryptoKitties(暗号仔猫)

Is a pioneer of games that can be traded with virtual currencies, but since its introduction in 2017, huge amounts of virtual currencies have been traded. CryptoKittes is built like a blockchain of Ethereum (ETH), which is a kind of virtual currency, and it is a mechanism that you can buy and sell kittens using Ethereum.
Especially after the word NFT (Non-Fungible Token)  became familiar, the merits of owning NFT were easily understood by people, and NFT was traded at a value of millions to tens of millions of yen.

Why blockchain contributes to the gaming industry
Blockchain plays a very important role in games that will be further developed by the latest technology and will also be a virtual currency exchange.
In a nutshell, blockchain makes in-game cryptocurrency transactions more secure.
In the first place, blockchain is called “distributed ledger technology”, and it is a technology that allows users to manage and share the same ledger on the network. The transaction data history of virtual currency is called “transaction”, and the one that stores a certain number of transactions together is called “block”. When a new block is created, it becomes a “blockchain” by connecting with past blocks like a chain.
Generating blocks requires a huge amount of computer-based calculations. In addition, since the data is distributed to many computers all over the world, even if some of the data in the chain is tampered with, the entire data will not be affected, and the risk of service outage will be infinitely zero. close.
It is a fact that it seems natural when understanding the mechanism of blockchain that blockchain has a great influence on secure cryptocurrency transactions in games. By making safe transactions, the number of users of online games will increase quadratically.

Blockchain entry into online casinos
Traditional online games aren’t the only ones that have made remarkable progress with blockchain. “Online casinos”, where you can enjoy casinos on your computer, are also one of the industries that are benefiting from blockchain.
Online casinos, like traditional casinos, generate monetary transactions and handle personal information. By introducing blockchain there, users will be able to trade with peace of mind. Concerns about “the management side may be illegally controlling data and losing money” that comes to mind when trading money online are dispelled.

As with games, the number of casinos that can be traded using virtual currency is increasing,   An online casino where you can play for less than $ 1 

2. The future of blockchain games that investors are paying attention to

Games using blockchain are evolving day by day. For example, Epic Digital Collectibles is a game where you can enjoy card games online, and you fight with cards collected using virtual currency. Considering that the cards that have been collected in kind (Yu-Gi-Oh! Cards, Pokemon cards, etc.) have been given huge values ​​depending on their rarity, the transaction amount of cards traded online will be ridiculous. right. Also, it’s easy to imagine that online casinos will become exactly “Las Vegas, which can be accessed online at any time” -a platform for huge transactions.

Online games and casinos can now be used more safely using blockchain. Blockchain games, which have the inevitable potential to turn into a huge market, will undoubtedly continue to attract the attention of investors.

Source: Plato Data Intelligence

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