Specifically, GameFi introduced another dimension to gaming technology by combining non-fungible tokens (NFTs) and decentralised finance (DeFi) with blockchain-based games. GameFi started out as an alternative to the proposed blockchain game for legacy gaming titles. While blockchain and crypto adoption didn’t take off quickly among legacy game publishers, some blockchain developers thought of ways to create a new market that merges the gaming and finance industry together, thereby birthing the now emerging GameFi industry. The rise of GameFi and the role of ‘play-to-earn’ While the majority of these setbacks associated to legacy blockchain networks have been fixed with new upgrades such as Ethereum 2.0 for instance, the adoption of the technology is taking off rather slowly among legacy gaming titles. Moreover, these setbacks have the potential to disrupt the otherwise flawless gaming experience that consumers are presently enjoying. This discomfort, sadly, may arise from specific setbacks attributed to the blockchain technology including high transaction fees, slow throughput speed, and price volatility. The reason for this, however, cannot be far-fetched and, for what it is worth, the Triple-A game publishers may be very accurate with their fears.įundamentally, if legacy blockchain technology like Ethereum is embraced by existing game publishers, it has the potential to cause a great deal of discomfort for existing users.
Notably, the legacy gaming titles, especially Triple-A (or AAA games) games were very reluctant to the acceptance of blockchain technology, siting massive barriers to entry as a major hindrance for adoption. However, defying logical expectations, the gaming industry has been slow towards the adoption of the cutting-edge technology for a variety of reasons.
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Win a Bitcoin every week with Coin RivetPlay our free weekly predictor game for a chance to win**T&C’s ApplyPlay nowCreate account*T&C’s Apply Blockchain technology has been around for more than a decade, and has disrupted practically every industry where technology is a fundamental driving factor.
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