Fun

The Majority of Game Developers Are Beginning to Include Blockchain in Their Games According to Study

News Feed - 2021-11-12 07:11:51

The Majority of Game Developers Are Beginning to Include Blockchain in Their Games According to Study


Most game developers in U.S. and U.K. are now using blockchain elements in their games, according to a study released this week. The study, commissioned by a company named Stratis, reveals that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is making game developers change the traditional ways in which games are produced, with the intention of enticing new players and accessing new markets. Blockchain and NFTs Becoming Mainstream in Video Game Development


The trend of including blockchain elements and NFTs in video games is here to stay. According to a study released this week commissioned by blockchain platform Stratis, and by a research firm called Opinium, 58% of the 197 surveyed developers in the U.S. and U.K. are beginning to use blockchain elements in their games. Furthermore, according to the same study, 48% of these developers are incorporating NFTs in their games.


This is a testament to how the use of these elements, which increase the link that players have with their digital worlds, is slowly creeping into mainstream gaming companies. Some of the biggest gaming companies, like EA, believe that these new technologies are part of the future of the gaming industry. The survey seems to confirm this trend, with more than 70% of respondents saying they would consider using these technologies for new games with 56% planning to do so in the next 12 months.


The reason for this is clear. Innovation and securing value for players in the game were the first two more popular use cases that respondents cited as a reason to use these blockchain elements in the gaming industry. The play-to-earn element, this is, rewarding players with real-word value, followed as the third most popular use case. AAA Studios Interested, but Indies Are Already Here


Chris Trew, CEO of Stratis, a company that offers an SDK to include blockchain elements in game engines, stated:


With renowned platforms such as Epic welcoming blockchain-based games and NFTs, we certainly expect AAA studios to launch titles incorporating these technologies in the coming years. But there are so many indie game developers that will get there first.


While big companies like Square Enix, Ubisoft, and Electronic Arts have been flirting with blockchain and NFTs for some time, there are already several independent (indie) studios that have embraced and included these elements with success. This is the case of Axie Infinity, the game created by Sky Mavis, that made the play-to-earn model popular in the last year and also includes NFT elements to support its economy.


What do you think about blockchain and NFTs going mainstream in video game design? Tell us in the comments section below. SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns NEWS | 3 hours ago 13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards NEWS | 6 hours ago Tags in this story Blockchain, Gaming, indies, play to earn, Stratis, study, Survey


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Ernst & Young taps ZK-proofs on Ethereum to automate contracts
Brayden Lindrea6 hours agoErnst & Young taps ZK-proofs on Ethereum to automate contractsEY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
Cumberland Says Financially Burdened Crypto Firms Are "Hanging Over the Market Like a Cloud" Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberlan
Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push
Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that meta
Deciding who owns your ‘digital twin’ will make or break the metaverse
Tristan Greene4 hours agoDeciding who owns your ‘digital twin’ will make or break the metaverseResearch indicates a secure, biometrically verified digital twin will need to be developed in order for the metaverse to
William Suberg18 hours agoBitcoin support levels to watch as BTC price aims at $28KBTC price still has “heavy support” at the $28,000 mark, with confidence in place that Bitcoin can avoid a deeper retracement.5251 To
Gareth Jenkinson13 hours agoShared Web3 user base could power new social app integrations — Aave CEOWeb3 social layer Lens Protocol aims to power seamless connectivity of applications across blockchain and non-blockcha
Smart Advertising Token SaTT Reveals ProBit as Next Exchange Listing
Smart Advertising Token SaTT Reveals ProBit as Next Exchange ListingSingapore, September 23, 2020– Against the predominantly dim and drab ICO backdrop, smart advertising token
DeFi protocol Blueberry pauses lending following mystery exploit
Martin Young5 hours agoDeFi protocol Blueberry pauses lending following mystery exploitThe DeFi lending and leverage protocol urged users to withdraw funds immediately when it first discovered the exploit.1042 Total view
Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network
Solana Formally Acknowledges Problems With "High Compute" Transactions Clogging the Network Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged
Derek Andersen5 hours agoNY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDCThe theoretical network would help the dollar maintain its status internationally with “game-changing” improvem
Helen Partz45 minutes agoStablecoin market escaping US regulatory oversight: ChainalysisStablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chain
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report On September 27, 2021, at the Southern District of New York courthou