Blockchain Technology and Virtual Reality: A Perfect Combination
Blockchain technology and virtual reality (“VR”) are a great match together as they work hand-in-hand to create an enhanced experience for gamers. Recently, Apple’s app store featured the first blockchain-based augmented reality game, Augmentors. The development of blockchain-based games is helping to bring blockchain technology and cryptocurrency mainstream, and the pace of adoption is accelerating as gaming companies are finding better applications of blockchain tech in gaming.
Merging VR and Blockchain Tech
Augmentors allows players to own creatures called Augmentors, which have their own unique characteristics and skills. The game’s founders, Michael Deon and Kyle Haffenden, brought the idea to Shark Tank South Africa in 2016 where they were able to obtain an investor, Vinny Lingham. The game platform, which is based on Bitcoin, allows players to train and trade Augmentors within the game.
One thing that makes Augmentors unique is that is relies on cryptocurrency and blockchain tech to create a more authentic VR experience. The game uses an in-game currency called Emeralds that run on the Bitcoin blockchain. Players can earn or purchase Emeralds, which can be exchanged with the cryptocurrency called Databits (DTB) and at a ratio of 1 DTB to 1000 Emeralds.
Blockchain Technology and Virtual Reality: a Match Made in Heaven
The gaming industry has come a long way since the 1970s. New technological innovations took us from the coin-operated arcade games of the past to modern MMORGs complete with their own social and economic systems. Now, we’re looking at increasingly authentic and immersive gaming experiences coming from the marriage of blockchain tech and virtual reality. Virtual reality offers an amazingly realistic gaming experience. VR allows players to feel like they are really experiencing their own virtual world. And just like in the real world, good VR involves social and economic interactions as well as physical sensations.
Virtual reality games are moving towards increasingly realistic interactions with the physical world. In the future, VR gaming experiences may allow players to create and maintain virtual assets that have value outside of the gaming experience. Blockchain technology has created a way for gamers to obtain and own assets in a VR experience that are secure. This could lead to a virtual economic system where players can buy, sell, and trade assets among each other in a trustless environment.
Blockchain Tech’s VR Applications are Changing the Player Experience
Cryptocurrency and blockchain tech are creating more immersive, and authentic gaming experiences by creating a more realistic virtual space in which players can interact with each other. The first Blockchain-based augmented virtual reality games are already stimulating awareness of blockchain technology’s many potential applications in the gaming industry.
Blockchain technology can benefit a variety of games within the industry, but it’s still an emerging field.
Block and Chain Game Studios is pleased to be able to offer a platform which supports VR game development for major game engines! To find out more about how Block and Chain Game Studios is improving the blockchain gaming space, join us on social media.
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Originally published at community.haloplatform.tech.
