Blockchain-based Games Would Likely Become a Basic in the Gaming Industry by 2020

Various blockchain-based games were revealed at G-Star, Global Game Exhibition 2019 held at the Busan Exhibition and Convention Center from Nov. 14 to 17, which concluded with the statistically-backed case, that blockchain Games would likely become mainstream by the end of 2020, beating entry barriers like mandatory cryptocurrency wallets, and technical difficulties such as slow information processing.

Blockchain accelerator and one of the event attendees, Hashed stated:

Blockchain technology will realize potentials to create games comparable to the League of Legends and the Battlegrounds. The Dota All-Stars created in the mode of Warcraft III that allows users to develop games led to the League of Legends and the Battlegrounds is the first that adopted certain game mode systems, which means games created by users resulted in the sensations.

On November 14, the Korea Blockchain Contents Association also held the Blockchain and Games seminar at the venue.

Apart from issues on entry problems faced by gaming companies that were being dealt via technological progress, many companies expressed concerns about issues regarding the Game Rating and Administration Committee’s refusal of classification rating related to the Infinity Star blockchain game.

In Japan, a non-fungible token item applied to a blockchain game is not regarded as a cryptocurrency,

stated Double Jump, a Japanese blockchain game business. The participants declared that such rules should be addressed as soon as possible in South Korea, as well.

Recent Articles

Mphasis and QEDIT to Create Blockchain Solutions With Enhanced Privacy

Indian IT firm Mphasis has teamed up with Israel’s QEDIT to create blockchain-based privacy-enhancing enterprise solutions. Blockchain being a distributed ledger technology, all transactions on...

Smart Sight Innovations Provides Blockchain-based Solution for Trusted’s Web App

Headquartered in Mumbai and working as a renowned IT and web-based solution providing firm Smart Sight Innovations has designed a revolutionary blockchain-supported solution for...

RBI Says Crypto Not Banned in India but Offers Little in Terms of Utility

The Reserve Bank of India on Wednesday made a strong statement against Crypto and asserted that residents of India are in no need of...

Siemens gets support from Trump on Middle East Reconstruction Projects

In a recent interview with CNBC at the World Economic Forum (WEF), Siemens CEO, Joe Kaesar revealed that US President Donald Trump would support...

Ways to Catalyze Mass Adoption of Cryptocurrencies

The adoption of cryptocurrencies is gradually gaining momentum in this era when the global economy is looking forward to digitization. From money transfer to...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox