Gaming is a global industry that’s estimated to reach $218.7 billion in revenue by 2024, and although it’s not fully understood yet, it’s going through the early stages of a revolution.
The days of marketing games in the traditional way are long gone. Players used to pop down to the store, buy a cartridge or disk, and play the game. Those days are history, replaced by more social and distributed models with an emphasis on recurring revenue (think Fortnite) focused on in-game revenue.
However, the second model is in the beginning phases of becoming obsolete as blockchain gaming picks up steam. Play-to-earn games like CryptoFights are showing what’s possible, with both game publishers and players able to make money from gaming right now.
This will revolutionize the global gaming industry, and as you’ll see, there’s only one blockchain that can handle it: BSV enterprise blockchain. Let’s dig into why.
How blockchain gaming changes things
Blockchain gaming is fundamentally different from other gaming models. Instead of buying the game, subscribing, or funding it through in-game purchases, blockchain gaming is based on a cost per transaction. For example, in CryptoFights, the most successful blockchain game so far, every move costs a microtransaction. Players can also win valuable NFTs such as weapons and armor and can win real money by finishing on the game leaderboard in live tournaments.
https://www.youtube.com/watch?v=8GQExq22NpY
Yet, it’s not only players who make money from these games. Blockchain game developers earn a microtransaction from every game interaction. The upside potential here is limitless, and there’s no expensive overhead such as fees to payment processors, game refunds, etc. It’s a whole new way for enterprising game developers to get endless revenue paid and settled on a per-transaction basis. That’s real-time revenue with no processing costs or refunds; the more they play, the more developers earn.
CryptoFights is already the most played blockchain game. It routinely creates 1 million+ daily transactions on the BSV enterprise blockchain, and with game updates continually improving the quality of the gameplay and user experience and adding new features. It’s certain that CryptoFights is going to lead the way and show the world what blockchain gaming is all about.
Zooming out and thinking about the big picture, it’s obvious that this way of creating and bringing games to market is the future. Forward-thinking game developers are already developing new BSV blockchain games. Platforms like Haste Arcade will enable players who finish on the leaderboard to earn money every time another player fails to beat their high score. This is a revolutionary development in gaming.
It’s only possible on BSV enterprise blockchain
We’re still in the early stages of the blockchain revolution, and there’s a heap of misinformation, false promises, and smoke and mirrors in the industry. Think about the Dot Com bubble in about 1999, and you’ll get a fair idea of where we are.
Yet, as we witness blockchains perform, or fail to perform, we’re beginning to see the truth of things:
- Ethereum, touted to be the future of the internet, chokes every time it’s tested in any minor way. Ethereum casinos are quitting in frustration, developers are growing tired of endless false promises, and smart developers like FYX Gaming are moving to blockchains that scale today.
- Crazes like Solana are hot right now, but they too will encounter their limits. First, their associated tokens are most likely illegal securities, and second, the future of proof-of-stake blockchains is in jeopardy as regulators begin to grapple with the issues surrounding identifying nodes and compliance with AML/KYC laws.
- Meanwhile, BSV enterprise blockchain performs spectacularly, handling millions of daily transactions daily without encountering any issues. These days, it’s handling more volume than BTC, ETH, and LTC combined, and it has no scaling limit. Developers never have to worry about protocol changes, and this chain has been designed from the outset to comply with all existing regulations.
The second component of building scalable blockchain games is fees. While chains like Ethereum have fees of anything between $3 and $1,500 depending on demand, BSV’s mean fee has remained at $0.0058 despite a massive surge in demand. Blockchain game developers should not be misled by the siren calls of snake-oil salesmen promoting blockchains that don’t scale (but they will soon, they promise).
There’s no need to take people who have repeatedly failed to deliver on their promises at their word when there’s a working solution available today. Game developers who think for themselves and can see past the endless negative propaganda and attacks on BSV enterprise blockchain realize that everything they’re looking for is already here and that token prices have nothing to do with it. Just ask Adam Kling from FYX Gaming:
CryptoFights deserves recognition
After a few minor tweaks and a server upgrade, CryptoFights is humming along wonderfully. It’s the best blockchain game out there, has the most daily transactions, and is posting the most data to the world’s largest public utility blockchain.
BSV is officially the world’s largest public blockchain by all major utility metrics; daily transaction volume, data storage, scaling ability, and average block size. – Calvin Ayre
CryptoFights is also earning plenty of money for players. Top fighters are earning over $400 in fees, with even relatively low positions on the leaderboard (<50) earning players $8+. It has an active NFT marketplace where players can trade weapons, armor, and other collectibles. Yet, the industry media is silent about this game’s huge success. It doesn’t take a Mensa genius to figure out why.
Gaming enthusiasts, journalists, and others should try Crypto Fights and give it some coverage. It’s the most successful example of a blockchain game that’s live and working right now. As it grows, it’s going to become increasingly clear that the future of blockchain gaming lies in BSV; the original Bitcoin protocol designed by Satoshi Nakamoto himself.
This is gaming’s third major revolution, and it’s going to change the way things are done for good. Developers should ask themselves two simple questions; is this the future? And if I want to build, what blockchain delivers best from a technical perspective?
Watch: CoinGeek Zurich panel, Casual Games & eSports on Blockchain
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