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How is blockchain helping in gamification and financialisation of metaverse

How is blockchain helping in gamification and financialisation of metaverse

How is blockchain helping in gamification and financialisation of metaverse

September 17, 2022

By Shrey Mishra

Originally Published Here

Summary

The metaverse has always had a strong gaming component.

The open-world environment of the metaverse can be seen as a direct descendent of open world games, and most games have always had in-game economies to sustain games and add incentive for players.

As you can see we are at a very exciting point for gaming and gaming applications in industry.

There are a lot of highly specific applications for 5G in gaming, where gamers will be able to stream games over the cloud and experience faster loading times, better graphics without the need for a graphic card, and advanced gameplay.

There is a need for metaverse gaming companies to develop real-world accountability and usability into gameplay for it to have some longevity.

Open-world multiplayer games are our closest approximations of the metaverse at the moment.

A metaverse game world that gives players the power to create and shape the world, i.e., is decentralised, has potential for liquidity, and possesses accountability and real-life utility will be a gamechanger in the creator and gaming economies.

Reference

Mishra, S. (2022, September 17). How is blockchain helping in gamification and financialisation of metaverse. Retrieved September 23, 2022, from https://www.financialexpress.com/blockchain/how-is-blockchain-helping-in-gamification-and-financialisation-of-metaverse/2671532/