- The gaming sector in itself is a huge industry worth exploring but with blockchain, it has the potential to grow even more.
- The gaming space has experienced a change in recent years with Virtual Reality being introduced
The gaming sector in itself is a huge industry worth exploring but with blockchain, it has the potential to grow even more. The gaming space has experienced a big change in recent years with advanced Augmented Reality and Virtual Reality being introduced to the world.
One of Ripple’s many subsidiaries, Xpring had been able to tap into the multi-billion dollar industry that is ripe for disruption, with its partnership with Forte.
Ripple looks like it wants to speed up the adoption of the tech and blockchain in many games.
On top of this, Ripple’s partnership with Forte utilises the companies flagship token, XRP. This is in order to make the most of cross-chain interoperability, security and inter-asset liquidity.
Brett Seyler, co-founder and Chief Platform Officer at Forte has said:
“The free-to-play business model dominates the way games are run now. This model has grown the gaming industry more than any other business model in the last ten years.”
At the moment, the free-to-play business plan is what completely dominates the way games are made and run.
Many game economies in today’s world aren’t as simple as they once were and have become significantly complex and harder to manage. This is down to increased sophistication and competition of the model.
According to the CPO, this is where blockchain technology can become the answer.
He went onto add:
“Creating game economies with multi-sided participation, open markets and increased transparency offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design”.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!