Bitcoin SV-powered Kronoverse set to revolutionize gaming industry
The gaming industry has been growing astronomically in the past decade, with one survey revealing that it generated $135 billion in 2018. However, much of the technology that was in use three decades ago still dominates the industry. Well, not anymore.
Kronoverse is an independent startup game development studio that develops its games on the blockchain. Its first offering is CryptoFights, a one-versus-one competitive fighting game. Players get to create their own characters and customize them. Once a player creates a character, that character exists on the Bitcoin SV blockchain.
And it’s not just the characters that exist on the blockchain. In an interview with esports and video game news outlet VGR, David Case, the studio’s backend architect explained:
“Every move that a player makes and every feedback from the server are recorded as blockchain transactions, and it actually builds a graph where each data points to the other states of the data, so you can kind of replay a whole battle by watching the graph.”
CryptoFights players get to enjoy many benefits that other players don’t. For one, all the gaming items exist on the blockchain and therefore, the players fully own these items. With the traditional gaming setup, one centralized entity has the ultimate authority over the entire gaming ecosystem. If it ever goes down, all the items you own within the game go down with it. Adam Kling, CEO of Kronoverse, explained, “Putting it on the blockchain kind of has this external decentralized party that no one owns, so that you will forever own that token or that game item.”
Kronoverse recently secured investment from technology entrepreneur Calvin Ayre. Chase explained just why the investment and partnership with Ayre, as well as the use of Bitcoin SV blockchain was a critical step for the startup.
He said, “They (Bitcoin SV) have kind of removed a number of the limits that are placed in the other forks, and so per transaction you can store up to 100 kilobytes of data, which means that in transactions on the network you can store some really interesting information, and you can build a much better graph of data where you’re pointing at data that’s stored at different places in the blockchain and so, you can really do some pretty advanced stuff. It couldn’t be done in the other Bitcoins (BTC and BCH).”
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