Q&A to Revoland CEO on the future of blockchain games

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Everyone remembers their first virtual reality experience: the headset isolates you from your surroundings and places you in a new digital environment. With VR, users can explore different worlds as if they were actually there. In the case of gaming, this means being able to immerse yourself in an alternate universe where you are the protagonist of your own story. And since we now live in a world where nostalgia is king, it’s no wonder that there are more and more startups focusing on bringing back old video game characters and settings — only this time, experienced through virtual reality. The marriage of blockchain technology with virtual reality and gaming has resulted in what we call “blockchain gaming” or “tokenized gaming”. Let’s take a look at what this exciting new trend means for both VR developers and gamers.

How Does Blockchain Gaming Work?

In order to understand what blockchain gaming is, we first must understand how blockchain technology works. Blockchain can be described as a highly encrypted digital ledger or record of transactions. What makes blockchain unique is that it is decentralized: information is not stored in one central location, but is instead distributed across thousands of computers. This makes it virtually impossible to hack or tamper with information, because you would need to hack thousands of computers at the same time to change the data. This decentralized system also allows for digital assets to be exchanged via “smart contracts”, virtual agreements for the buying and selling of goods that are automatically enforced once all parties have agreed to the terms. Since blockchain technology is used to create digital assets, these assets are easily transferable. Whenever a gamer wins items or digital assets in a game, those items are stored in his or her digital wallet until they decide to sell them. The gamer can then sell these assets to other players around the world.

Virtual Reality on the Blockchain

VR is an incredibly exciting new frontier in the gaming world. It allows users to experience games in a whole new way, and with the emergence of headsets like the Oculus Rift and the HTC Vive, it’s now easier than ever to become completely immersed in a virtual world. VR is expected to generate nearly $45 billion in revenue by 2023, making it one of the fastest-growing sectors in the gaming industry. However, VR technology is not without its flaws. For example, some gamers have complained about motion sickness due to being “cut off” from their actual surroundings and experiencing extreme “virtual movement”. Others worry about the potential for VR addiction — as more people become addicted to the feeling of actually being inside a game, they may be less inclined to leave the house and experience real-life situations. In order to solve these issues, VR developers have started experimenting with blockchain technology. By creating a virtual economy inside a game that uses blockchain, VR developers can offer users a way to earn digital assets that they can then trade with other gamers.

What are the benefits of blockchain gaming?

– Security: By using blockchain technology for your game, you can ensure that your players’ collectibles and in-game assets are legitimate. This is especially helpful in the gaming world, where the black market for rare items is notoriously murky. Using blockchain technology to create a digital asset means you can trace the item’s origin and make sure it hasn’t been illegally acquired or used in another game. – Fairness: When players earn items or in-game currency, it’s essential that they be able to trust that it doesn’t result from a rigged system. Blockchain can help ensure that your game is completely fair, so that all players are given an equal chance to win items and in-game currency. – Trust: When using blockchain technology, you can create a completely transparent gaming system. Your players will be able to see every transaction that has occurred in the system, ensuring that they can trust the outcome of every game.

Potential Issues with Blockchain Gaming

– High cost: If your entire game runs on blockchain, you may find that it’s incredibly expensive to host. Many blockchain games experience significant scalability issues, which can result in high hosting costs (particularly if your game is popular). In order to solve these issues, some blockchain games have implemented “off-chain” elements: these are important parts of the game that are hosted on the blockchain, with the rest of the game hosted on “centralized” systems. – Lack of scalability: If your game is extremely popular, it may not be able to handle the large number of players. With blockchain technology, each time a transaction occurs in the game, it needs to be verified by thousands of computers around the world. If your game is so popular that thousands of transactions are occurring each second, it may slow the entire system down and cause players to experience delays.

Final Words: Is VR Gaming on the Blockchain Worth It?

At first glance, it may seem like blockchain technology is the perfect solution to all of the issues facing VR developers and gamers. However, blockchain technology is not a “one-size-fits-all” solution. It’s important to understand that there are different types of blockchain technology, each with its own set of pros and cons. For example, Ethereum is often used for blockchain gaming, although it has been plagued by scalability issues as its popularity has grown. If you’re thinking about incorporating blockchain technology into your VR game, it’s important to consider all of the potential benefits and drawbacks of a blockchain-based system.