Revolutionizing the Gaming Industry - Regal Core Markets

 

Gaming is another use case where blockchain and cryptocurrency have proven beneficial. The gaming industry thrives off of its virtual goods market, where in-game assets are purchased by the minute. Digital goods actually account for over $50 billion of the industry’s value. Blockchain and cryptocurrency serve as a gamechanger for independent outlets in the industry, as well as for players themselves, because they transfer the control game developers and publishers presently have. 


The use of digital coins as assets or non-fungible tokens enables users to retain their purchases and also secure financial gains through rewards. Instead of just buying an asset that is relevant to the game, gamers can now access tokens that are attached to real-life value. CryptoKitties is an example of blockchain-based platforms that are transforming the gaming space.


Major companies in the gaming space have also identified how beneficial cryptocurrency can be. Microsoft Xbox, one of the leading players in the industry, adopted a crypto-based solution in order to resolve the challenges they were experiencing with sending royalty payments on time.

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