The Changing Face of the Online Gaming Industry
Blockchain technology is reshaping how businesses and individuals communicate and interact with digital technologies. Bitcoin established itself as the leading cryptocurrency. Yet despite Bitcoin's hegemonistic staple, blockchain adoption has progressed faster than crypto adoption as more industry sectors identify novel use cases for integrating blockchain into their business.
Blockchain's immunity features reconstructed industry understanding about the benefits of using a secure and stable network. The agriculture, fintech, energy, or aviation sector identified plausible use cases and molded their operations to fit the new digital meta. The Online Gaming industry also recognizes blockchain to be a momentum-shifting technology, seeking to onboard new consumers through the affordances granted by blockchain as the industry's market cap approaches $50 billion.
Big Potential
The growing interest in blockchain technology has pushed game developers to experiment with blockchain gaming as the new technological advancements enhance user experience, developing novel emotional triggers. Inclusion of the metaverse, with references to real-world occurrences, expeditates enthusiasm and attracts a new cohort of players that have envisioned and awaited the new digital reality. The upside of blockchain gaming is that users shift from a rental economy to an ownership economy where using and owning digital assets is part of the gaming experience.
Thus, blockchain gaming creates a new digital economy that fixes the outdated and centralized purchasing processes, adding an extra security layer and making one's in-game investment worthwhile. One such game that's making an impact is the Free-To-Earn blockchain-based war strategy game named Real Realm.
How Real Realm Works
Developed on top of blockchain technology, Real Realm uses different network algorithms to create a novel and original interaction mode for participants. The game is designed to sustain the needs of every type of player and incentivize users through its Free-To-Earn gaming mode, where players can recruit, recruit, lend, summon, evolve, team up, and also co-op their NFT heroes– the Mies into the entire gaming universe.
The game's heroes are called Mies, which are NFT characters with unique characteristics and are distinguishable through their elements, rarity, start, and body parts. Unlike other games, Mies are dynamic in Real Realms, and their worth varies throughout the game. When characters in-game power up or achieve a new attribute, their value changes and allows users to transfer characters without affecting their upgrades.
GameFi has been growing in the past year, and while Real Realm is still part of that new blockchain development wave, its features guarantee its success. Specifically, Real Realm does not have an entry barrier. Players can access the game and obtain points without having to invest anything upfront. The free-to-play model is community-driven, and the 86,000 Telegram members dictate the direction of the game's development.
Users are rewarded for their support, meaning that player participation and devotion to community building are compensated with tokens, offering players a new way to generate income. Tokens distributed by the network are utility tokens that can be used in the games marketplace and recruit Mies. Additionally, users can exchange tokens for Diamonds, the game's main currency, to purchase in-game items. In addition, tokens offer players voting rights to the extent that they can help shape the game's development direction.
Final Thoughts
Blockchain technology is a catalyzing agent for many industries to restructure how digital interactions occur. While cryptocurrencies are one part of the newly adopted meta, blockchain advances more security and stability. To that end, innovation in every industry is necessary, and the gaming industry is following the trend and changing for the better.
New GameFi projects such as Real Realm are reshaping the relationship between players and developers. As a result, gaming becomes a more enjoyable and established activity by creating a new economy where players are financially rewarded for their involvement.
