Blockchain Use in the Video Game Industry

Safe storage of virtual goods

Rare items are a hot ticket in gaming, with some even going for tens of thousands of dollars. With such expensive digital goods hovering in accounts, it’s unsurprising that malicious individuals will try to get their hands on them.

Creating a safe market

In recent years, the trading of in-game items has become a prominent feature of many titles, with healthy economies forming around rare collectibles and consumables. Unfortunately, this has also led to an increase of scams revolving around such trades and transactions. Fraud is one of the biggest causes of the loss of digital assets, and is undoubtedly a concern in the back of many players’ minds during transactions.

Enforcing democracy

Nothing brings online communities together than voting on a divisive issue! Currently, players often vote on servers, teams, items and more, but this is just the tip of the iceberg. With smart contracts and blockchain technology, voting systems could even be extended to influence in-game experiences without the worry of bots overrunning polls.

Verification

In the grand scheme of things, a high score on a video game may not mean much to the wider world, but to players it can mean everything. One of the most famous disputed video game high scores in history was Billy Mitchell’s then world record Donkey Kong scores, chronicled in the 2007 documentary The King of Kong. With blockchain technology, this wouldn’t be an issue as scores can be recorded and verified without dispute due to the immutability of the ledger.

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Everus World

Everus World

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Everus Technologies is a blockchain technology company pioneering the widespread adoption of blockchain for real-life solutions. | https://everusworld.com