According to data on DappRadar, more than 1 million digital wallets were connected to decentralized gaming applications per day in October, accounting for 55% of the blockchain industry’s overall activity.
Online gaming: a notable blockchain use case
Why wouldn’t gaming creators integrate blockchain, crypto, and NFTs within their games when the global gaming market is expected to increase by 50%, from $178.4 billion in 2021 to $268.8 billion in 2025? They are, as it turns out. Game makers foresee a blockchain-based future.
According to new data released this week by Stratis, a major blockchain platform, more than half (58%) of 197 video game developers polled in the United States and the United Kingdom are currently experimenting with blockchain technology.
Nearly half of the respondents (47%) claim to have already started using NFTs in their games.
Crypto, the future of video games
“We conducted this research to verify what we already knew — that blockchain and NFTs are the future of video games,” Stratis chief executive Chris Trew stated in a press statement.
“Based on our personal interactions with AAA game developers, we’ve seen firsthand how these technologies are already enhancing the user experience by providing gamers with the possibility to earn real-world currency,” he added.
The advantages of merging online gambling and blockchain technology are numerous.
When asked why blockchain technology in video games is crucial to the industry, 61% stated it enables more innovative and enjoyable gaming, while 55% believe it ensures value for gamers by keeping money in the game.
As use cases for blockchain in games, rewarding players with real-world value (54%) and network effects that incentivize game adoption (45%) came in second and third, respectively.
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