Saturday, December 4, 2021

The Majority of Game Developers Are Beginning to Include Blockchain in Their Games According to Study – Bitcoin News

- Advertisement -
- Advertisement -
- Advertisement -

Most game developers in U.S. and U.K. are now using blockchain elements in their games, according to a study released this week. The study, commissioned by a company named Stratis, reveals that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is making game developers change the traditional ways in which games are produced, with the intention of enticing new players and accessing new markets.

Blockchain and NFTs Becoming Mainstream in Video Game Development

The trend of including blockchain elements and NFTs in video games is here to stay. According to a study released this week commissioned by blockchain platform Stratis, and by a research firm called Opinium, 58% of the 197 surveyed developers in the U.S. and U.K. are beginning to use blockchain elements in their games. Furthermore, according to the same study, 48% of these developers are incorporating NFTs in their games.

This is a testament to how the use of these elements, which increase the link that players have with their digital worlds, is slowly creeping into mainstream gaming companies. Some of the biggest gaming companies, like EA, believe that these new technologies are part of the future of the gaming industry. The survey seems to confirm this trend, with more than 70% of respondents saying they would consider using these technologies for new games with 56% planning to do so in the next 12 months.

The reason for this is clear. Innovation and securing value for players in the game were the first two more popular use cases that respondents cited as a reason to use these blockchain elements in the gaming industry. The play-to-earn element, this is, rewarding players with real-word value, followed as the third most popular use case.

AAA Studios Interested, but Indies Are Already Here

Chris Trew, CEO of Stratis, a company that offers an SDK to include blockchain elements in game engines, stated:

With renowned platforms such as Epic welcoming blockchain-based games and NFTs, we certainly expect AAA studios to launch titles incorporating these technologies in the coming years. But there are so many indie game developers that will get there first.

While big companies like Square Enix, Ubisoft, and Electronic Arts have been flirting with blockchain and NFTs for some time, there are already several independent (indie) studios that have embraced and included these elements with success. This is the case of Axie Infinity, the game created by Sky Mavis, that made the play-to-earn model popular in the last year and also includes NFT elements to support its economy.

What do you think about blockchain and NFTs going mainstream in video game design? Tell us in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source link

- Advertisement -

More from the blog

Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns – Bitcoin News

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining agency Greenidge Generation, Jeff Kirt, asking for...

Security Focused DeFi Project EverRise Now Live on 3 Blockchains, Staking Introduced – Sponsored Bitcoin News

sponsored Originally launched on June 15th, 2021, EverRise is a blockchain expertise firm that gives bridging and safety options throughout a number of...

BCH Ecosystem Gains New NFT and Dex Platforms, TVL in Smartbch Defi Climbs 180% in 30 Days – Defi Bitcoin News

During the previous couple of months, the Smartbch challenge has swelled with quite a few initiatives, customized tokens, and the total-value locked (TVL)... Reveals Non-Fungible Token Marketplace and NFT Explorer – Bitcoin News

The crypto agency is becoming a member of the slew of digital foreign money exchanges which have launched non-fungible token (NFT) marketplaces...