First Generation of Games in investigating the potential of Digital Currencies.

First Generation of Games in investigating the potential of Digital Currencies.

By derwin25 | Worldinfo | 10 Jun 2019


 

World of Warcraft or Rune Scape are some of the greatest games of all time, they have generated millions of dollars in revenue since their releases.

 

               World of Warcraft

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Rune Scape

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These very popular games among young enthusiasts created their own digital currencies before most games today, Thanks

to this They created their own macro economic market.

Surprisingly, the relationship between these video games and the cryptomoney are quite close:

Within the games, players can buy products using the game currency. While this may seem common today, the coins in the

game were not so common in the early days.


The process was simple, he would buy the gold with fiat money and then use it to buy things in the game. Which happened

in reverse, certain objects that could be plundered by some of the most difficult bosses soon became extremely valuable,

using a digital currency online, players are accustomed to online transactions, markets, and convert your digital money in

fiat money thanks to the sale of those difficult objects to obtain. The difference between the digital currencies of these

games and a cryptocurrency like Bitcoin is that they are the central property of the developers.


While this allows them to manage the market and reduce volatility, it also means that they retain the power to stop

transactions and prohibit users from misbehaving.

Of course, when such games becomes demsiado appealing to many users there is a risk that aparesca a black market out of

control, this is one of the reasons why decentralized criptomonedas could solve this kind of problem if implemented in of

these ecosystems.

 

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How could blockchain help these old models?

 

The ownership of digital assets in these games is a problem that Blockchain can solve. For example If you win a very

expensive item in the game, but your account is accidentally deleted, you would lose that item (it already happened several

times and it is not very inspiring that this happens).

 

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However, through blockchain technology, the ownership of that digital asset will remain yours. As users adapt to the

economy of blockchain games within the games, many others will join to dop this new technology that offers much more

security to all users. No wonder that popular games like Minecraft are already joining and already offer fully integrated

servers to blockchain.

The development of games in blockchain is still very early stage of trial and error, but does not mean that in the not too

distant future this is the most innovative industry of the coming year.

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derwin25
derwin25

I like to look for new method of passive income.


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