GaiaWorld Blockchain: Light the Future of Traditional Games
When the market tries to find a joint point linking the blockchain technology with traditional market sectors, it is noticeable that the game industry, among others, has been the busiest test range demonstrating the most blockchain applications. From CryptoKitties (a simulation game) and Cell Evolution (a strategy game) to EtherDungeon (an RPG game), hundreds of blockchain games, popular or the other way around, are brought into our life, attesting to the vitality of a promising industry.
That said, it’s also an undebatable fact that blockchain games still have obstacles to overcome before offering us with fancy interface, immersive experience, enhanced interaction and other great stuff. Frankly speaking, most blockchain games are not even fun to play. A sought-after investment field, on the other hand, this industry has attracted more speculative players, resulting in a game market featuring high-price low-frequency transactions, not sustainable and so not as we have expected.
However, we are confident to say that it’s not impossible for blockchain games to become at least comparable to traditional online games after some time.
What on earth does the future of blockchain games look like? How can we identify the joint points that connect the blockchain and traditional games?
Economic system — the common denominator of games and blockchain
In addition to extrinsic factors such as superb visual effect and gaming experience, which are totally the right thing to do by the way, we could still find joint points linking the blockchain and the game, and figure out ways out of technical restrictions to produce great blockchain games.
The development of a traditional game always involves the design of economic system, virtual asset, and user incentives, which should also be considered in building the economic model of a blockchain, meaning that the blockchain can be combined with games and increases their value.
Encouraged by the incentive economic system and virtual assets of the traditional game, gamers spend more time immersing in it, trying to kill more enemies to expand their virtual arsenals, wallets and treasuries which, unfortunately, are accessible only in that very game and could be cancelled at any given time when, for example, the service provider shuts down the server or other uncontrollable factors occur. For that same reason, your virtual assets in a traditional game have limited value. In the case of blockchain, however, virtual assets would have fairer value once they were allowed for free circulation and exchange.
In other words, virtual assets are the joint point that best links traditional and blockchain games. We should merge game assets with the value system of the public blockchain, and boost the value of game economic systems.
If all assets are in blockchain-wide circulation, thanks to the cross-chain technology, then each of games is basically a part of one big game. The intercommunication of game assets and value promises interconnection of games, making a complete ecosystem of games possible, in which case, a single game would be more valuable and probably have its life extended.
Community-based operation will transform the landscape of traditional game traffic distribution.
Quite a few of traditional game developers today are facing challenges in dilemma or standing on a turning point. The reason? It’s hard or costly to get traffic. Relying largely on platforms, game developers have to surmount barriers to present their products to end users. Hopefully, the community-based operation mode of a blockchain system could be a game changer of traditional market.
It’s a well-known fact that a blockchain is a decentralized system that requires sufficient nodes to maintain its operation. The more the nodes, the higher the decentralization degree. That’s why most public blockchain systems, including Ethernet, have created their respective communities for shared growth and inclusive benefit allocation in order to guarantee decent number of nodes.
For a new game based on a public blockchain, the game is a member of the blockchain community and therefore a beneficiary of inherent traffic from this community. The community activated by games could bring more benefits to more members, while the increase of game value would in turn beef up the community. Each and every one in the community functions as a maintainer, a manager, and a user, who at the same time shares the profit of its growth.
Unlike the traditional mode where the platform controls the traffic, blockchain games enable the developer to increase traffic at a significantly reduced cost. An emotionally bonded game community, with the help of self-management based on a motivational benefit-sharing mechanism, can also ensure longer life of the game.
Blockchain and traditional games are not designed for each other
Blockchain technology is an ideal solution but not a silver bullet for the game industry.
A game is profitable because it has an infinitely expandable economic system which allows the service provider to issue coins or diamonds unlimitedly; and the system is isolated from others to maximize the gain, i.e. inter-server circulation of assets is impossible here. This stands exactly on the opposite of a blockchain system featuring globally circulative assets and a deflationary or constant economic system. Instead of the universally adopted key indicators based on various card charging models today, it’s possible for the world to adopt new key indicators for blockchain games in the days to come, such as “Prop Trading Size”, as well as other related data like number of prop trading accounts and total prop trading volume.
Furthermore, the open and transparent blockchain system is to restrain some dishonest game developers from conducting under-table activities, such as falsifying system data. While it’s definitely a good thing to gamers, the blockchain system does pose yet another challenge to some clever developers, who should get themselves well prepared if they really wanted to catch the express bus of blockchain technology and create on-chain games.
The truth is, as all gamers are turning to more profitable games under transparent rules, cunning game developers would eventually loss gamers’ trust if they could not make the right decision and let go of short-term interests. In exploring the future of traditional and blockchain games, it’s only a matter of time to break technical limits but the value of their combination is immeasurable. The blockchain technology will develop deeper value for games and lead the game industry to a whole new world.
To build a developer-friendly public blockchain, GaiaWorld understands it’s not enough to merely be a good technical problem solver. We are more than happy to exchange ideas about the economic model of blockchain games.