How Blockchain Technology Can Help Overcome the Challenges Faced by the Mobile Gaming Industry
The mobile gaming industry is on fire with the advent of high-quality smartphones engaging a whole new generation of players while keeping existing enthusiasts hooked. In fact, according to a report by NewZoo, the mobile gaming segment looks set to contribute 50% of the total gaming revenue in 2018, which stands at an expected figure of $137.9 billion.
The future’s certainly bright, but success isn’t a walk in the park. Like other industries, mobile gaming faces its own share of problems, particularly with regards to in-game ownership of assets and the hindrance of social interaction – but blockchain tech looks set to iron out many issues.
Blockchain is the new kid on the block, positively disrupting many different industries in a whirlwind-like fashion. The speed at which it is developing is incredible and with thought-leading gaming enterprises like mobile game aggregator Sgame Pro™ using it to their advantage, there’s plenty to look forward to.
With this in mind, let’s take a closer look at the challenges blockchain tech is overcoming:
Blockchain and the Rules of Ownership
The fun, fast-paced and technologically advanced gaming world mimics the real world to some extent. Sure, we don’t get graphically enhanced fire breathing dragons strolling into the supermarket, but it has its own economy in place, where developers monetise products and services within games, with the help of fiat currencies. Players buy items with real money and earn rewards by playing and progressing through levels of a game. There are other games where players earn in-game currencies to pay for in-game items – but, they have to install the app with real money first.
All sounds great right? But digital assets have been facing a problem regarding the rules of ownership. Often, it’s very unclear who owns what and whether gamers can sell specific assets to others. This confusion has made it easy for fraudsters to indulge in item duping and theft something which blockchain tech can help to eradicate.
How? Well, blockchain will strive to solve ownership issues, through its decentralised, immutable ledger. Official record keeping of items and their sale and purchase details will reduce instances of fraud.
Blockchain and social interaction
Gaming is not just for socially awkward teenagers who really don’t want to hang out with their friends in town or attend their school prom –oh no! Gaming demographics have changed considerably over the years with older generations taking a great interest in the whole mobile gaming trend – however, gaming has still been blamed for creating an environment of isolation.
That said; the promotion of multiplayer gaming has made the sector much more interactive with people from all walks of life spending their time making friends and participating in online gaming communities. Mobile gaming, also allows people to enjoy top-notch games without fully retreating from society – always good. So, how does blockchain fit into all of this?
The answer is simple. Blockchain basically allows single-player games to be converted into the asynchronous multi-player format, promoting greater social interaction. This is exactly the type of solution being launched by leading mobile game aggregator, Sgame Pro ™.
Founder and CEO of Sgame Pro ™, Gip Cutrino, says that the platform aims to solve inherent issues in the gaming ecosystem. Firstly, it will remove the need for spending fiat currencies to buy digital goods, which will be done instead through crypto tokens (SGM or Sgame Coin). Players will be rewarded with SGM based on a proof-of-play protocol. Secondly, it will allow players to play traditionally single-player games in multi-player formats, thereby facilitating the formation of an ecosystem where every player, influencer, publisher and merchant can thrive.
To know more about the creativity of Sgame Pro ™ and its upcoming token sale, visit sgamepro.io and follow on Facebook, Twitter, Instagram and LinkedIn.