Blockchain technology has been making its way into various industries in the past few years. Its transformational capabilities are exceptional and this is why more and more industrial sectors and working with blockchain technology and cryptocurrencies to further enhance their attributes.
From the financial sector to the supply chain market, to the health care industry, the use of blockchain and cryptocurrencies have ushered us into an era of new possibilities. Even the entertainment industry has started utilizing this crypto – powered technology, and the quickly evolving Gaming industry is no exception.
Various games are being developed on blockchain networks like Ethereum and EOS. Earlier this month, The Daily Chain reported that Axie Infinity, a game developed on the Ethereum blockchain by blockchain gaming company Sky Marvis, has raised $1.5 million in funding. This shows the growing popularity and the faith people have on the future of this industry.
The gaming industry has evolved from 2D games on basic consoles, to high-resolution games on our smartphones and computers. With the integration of blockchain technology, things like micro-payments that are made in-game are becoming completely hassle-free. Starting off small with the e-sports and betting industry, the use of blockchain technology has moved into mainstream video gaming as well.
Recently, popular French gaming giant Ubisoft, the team behind hit franchises like Assassin’s Creed and Far Cry, has partnered with Ultra, a sidechain of the EOS blockchain and a game distribution platform. As per the press release, Ubisoft will be acting as a corporate block producer on the tesnet version of Ultra’s blockchain called UOS.
Basically, Ubisoft will be providing the computing infrastructure required to validate the transactions happening on the UOS blockchain. The transactions include in-game assets creation, ownership transfers between players and payments. This means Ubisoft is helping Ultra test that their blockchain network is functional.
The release also mentions that Ultra is working with Ubisoft because the French game developer has an interest in helping this new ecosystem grow while also having the technical ability to do so. Nicolas Pouard, Ubisoft’s Blockchain Initiative director stated that supporting the blockchain – gaming sector is crucial, he said:
“During this first trial period of collaboration, we hope to help them in bringing it to a larger scale and experiment with the possibilities this opens up for the industry.”
Nicolas Gilot, co-CEO of Ultra, spoke highly of Ubisoft’s dedication in exploring blockchain technology in a statement:
“Ubisoft’s rich portfolio of world-renowned brands, including Assassin’s Creed, Just Dance and Far Cry, is a testament to their dedication to creating quality content for all, and their years-long dedication to exploring blockchain technology ensures they have the knowledge and skills to be excellent block producers.”
Ubisoft has been involved with the blockchain-gaming space for quite some time. Being one of the top game producers, it is a huge boost for the crypto-gaming industry and a pathway for other traditional gaming companies to follow. Its first big venture into the blockchain world was with HashCraft, a Minecraft-inspired treasure hunting and island exploration game runs on the shared computational power of its players. It went deeper into the blockchain industry a week later after it became a member of the Blockchain Game Alliance, which promotes a universal standard in the blockchain gaming space.
The increased use of blockchain technology inside the gaming industry is proof of the fact that the gaming industry is ready to evolve. With the transformational capabilities of crypto-powered incentives, the gaming industry will surely evolve in the coming years. Whether blockchain tech will be limited to being used just as a payment and security system, or would it add to the gameplay itself, is yet to be seen.