Ethereum Blockchain Changed The Gaming Industry In 2019! Here’s How
Blockchain is currently a widely trending topic. Several industries are moving towards adopting blockchain for their businesses like the banking industry, ride-sharing, business, academic, healthcare industry, etc. The Ethereum blockchain platform, especially, has been undergoing significant growth over the past year. Ethereum blockchain is a decentralized platform with global access that allows users to program smart contracts and Dapps that can be executed autonomously when the favorable conditions are met. This blockchain can be accessed anywhere in the world. Here’s a glance of the above mentioned massive growth of Ethereum in the past year,
- History says there were about 4 million new active users of Ethereum in the year 2019.
- The Ethereum developer community multiplied 4x more than for any other cryptocurrency.
- There were 8, 516 live Ethereum nodes over the year, and 520 new Ethereum Dapps created.
- The decentralized Ethereum platform has influenced the finance industry bigtime over the past year
- Ethereum is predicted to continue growing and evolve much more in the year 2020, in fields like Defi, DAOs, supply chains, and more.
The stats mentioned above are some of the significant magnifications Ethereum went through in the past year. Ethereum with blockchain collectively, have influenced and benefitted various industries. In this article, we are going to focus on the gaming industry and how an Ethereum blockchain platform serves the gaming sector. Let’s dive in and find out.
The gaming industry and how Ethereum blockchain benefits gaming:
The gaming industry is a significant on-demand sector. It has made tremendous progress over the years. The demand and growth for this industry are never-ending, and the e-gaming industry is gradually becoming the future for gamers around the world. Ethereum blockchain offers a decentralized gaming platform that will highly benefit both gamers and developers. Let’s have a quick look at the benefits of Ethereum game development.
- The smart contracts integration feature on the ethereum blockchain game platform enables fundraising and lets users sell their tokens for financing any game that they want to create.
- The Ethereum platform allows developers to connect to the liquidity network directly.
- Ethereum platform guarantees a secure payment process, thereby eliminating any fraud/ risk factors.
- Games on the Ethereum platform are comparatively cheaper than other platforms like Apple, Google, Microsoft, etc.
- This platform helps to build and provide access to a broader community of gamers and crypto users all around the world.
- Gamers get 100% anonymity benefits.
- Gamers can purchase anything within the game without any extra fees.
- Gamers can get in touch with the developers directly for any queries.
Speaking of this, if you are a gamer or a developer looking to build your game on the Ethereum platform, you should be well aware of what is currently happening in the market with the excessive competition to sustain and stand out from it. Want to find out how the blockchain era has been influencing the gaming industry? Let’s look at some impressive numbers!
How Blockchain Transformed gaming industry:
- In the year 2019, the blockchain gaming industry is said to have achieved over 162% growth i.e., the decentralized platform provided by the Ethereum blockchain has attracted 162% more users from the previous year to that.
- It is said that more than 436 thousand gamers are playing blockchain-powered games from the year 2019.
- Blockchain games like Gods Unchained and My Crypto Heroes managed to make headlines in 2019.
- Experts predict that 2020 will be a big year for the blockchain gaming industry in aspects of tremendous growth.
- The global blockchain games market reached $138 billion in 2018 and is expected to grow more than $180 billion in 2021.
How to go about developing one, on an Ethereum platform? Why Blockchain App Factory?
As mentioned earlier in the article, the competition for blockchain game development is very much alive. And therefore, it is essential to choose the right company that will provide you with a reliable platform as it will give the customers a smooth and secure gaming experience.
Blockchain App Factory is a well recognized, experienced blockchain game development company with a team of dedicated developers who are pioneers in blockchain, and we provide an ERC-721 Ethereum platform inbuilt with the utmost security and exciting features that will attract gamers all around the globe. We also offer services at the most affordable prices. Get in touch with us, and we’ll discuss more!
Originally published at https://www.blockchainappfactory.com on January 24, 2020.