Token Play’s Blockchain Game Development Trend Built by Kivachain
Everyone already knows that blockchain is a new information exchange model and has many practical applications. But few would expect that blockchain technology also brings a new breeze to the gaming industry. Public-chain video games have huge potential. And the first wave of games on blockchain promises a positive future for the sector.
According to estimates by Newzoo (a global market research partner for Games, phones and eSports), by 2021, the global game market value will officially exceed 180 billion USD. In 2018 alone, the market value is estimated at about 138 billion USD, of which Mobile Game has a rapid growth rate, currently accounting for 51% of the entire market.
Statistics for Q1 2021, Binance Smart Chain (BSC) recorded an all-time high trading volume at over $700 billion, driven by an increase in activities such as trading, lending, and trading. payments in the field of DeFi.
I. Token Play is built on the Blockchain platform of Kivachain
A lot of games have been developed on public blockchains like Ethereum and EOS. One of the most famous names that has taken the cryptocurrency community by storm is CryptoKitties — a decentralized cat game.
Blockchain games are decentralized. Instead of being centrally controlled by a server, in-game assets (digital products) are distributed among players. Game on blockchain, either issue your own tokens or use existing tokens.
The Token Play project of the 9x generation Tran Thien Duyen was established in June 2018 and is currently operating with 20 employees. This is a platform that connects game publishers on Blockchain with users. Like Apple store, CH Play but only for Blockchain games. The characteristics of these games are absolute security and ownership (100%), meaning that the player is actually the owner of the characters in the game (even when the publisher shuts down the system).
When going to TokenPlay, players do not need to open an account and just need to connect a Metamask wallet or some Ethereum blockchain-enabled wallet to play the game. In particular, the biggest difference of TokenPlay is that players can easily exchange, buy and sell items and characters in the Game through the item trading market at a reasonable price, bringing long-term profits to Game players.
The CEO of Token Play is Tran Thien Duyen who won the contest “Red Bull — Conquer the dream” with the idea of a mobile game using blockchain technology. The contest “Red Bull — Conquering dreams” is conducted by Red Bull Vietnam in collaboration with MultiMedia and strategic consulting unit YAN Digital, creating attraction for young people who are looking to start a business.
II. Age of Collectibles (In-Game Tokens)
A non-fungible token is a unique token that represents a certain asset. This token as the name suggests, Non-fungible, is not interchangeable.
For example, Bitcoin is interchangeable, although not to the same extent as cash. For example, any $100 bill can be exchanged for another $100 bill. Your Bitcoins may represent the same asset, but these tokens do not. Each token represents only a single asset.
The application of blockchain technology in the gaming industry has a lot of potential and solves the core problems in the management of game assets. For example, sharing in-game items from one game to another.
1. The data is reused
Blockchain game items exist on a public database, represented by Tokens. This makes it easier to reuse items outside of the game, on trading markets. Players can buy and sell blockchain game items.
Such a feature opens up many opportunities for Token applicability. Players also do not have to be dependent on a particular game. Because items or valuable items will not be lost, always exist outside the game.
2. Transparency and Rewards
Public and verifiable blockchain technology. In addition, the game’s reward mechanisms can be verified by anyone. This helps reduce scams.
Use real assets to create real motivation. This is what sets blockchain games apart from other platforms. How many times do you really make money with the game? Right? Normal games are difficult, but blockchain games have more real rewards.
Developers must have user consent to operate the game and update new versions. Avoid publishers exploiting the game too much, change the way to play to prioritize profits. The trust between developers, new users, and longtime players creates the credibility of blockchain games.
3. The game will last forever
Traditional games run on centralized servers. They can be turned off, stopped for various reasons.
With games on blockchain technology, the community of players can fork the game, running many different versions. Help the game always exist and survive for a long time, as long as it has the support of the community.
4. Low cost of moving
Smart contracts can be designed to operate at a low cost and update quickly. They can also interact with the sub smart contracts in it. Data will be stored in many places. And continuous updates from many smart contracts. This helps to reduce the data transfer costs of blockchain games.
III. The Future of Blockchain Game Industry
Blockchain games are on track to become one of the hottest trends this year as interest in the field is growing. The gaming industry with blockchain technology will change a lot. Bringing gamers exciting games and superior entertainment experiences. Kivachain’s Token Play project is a potential project in the Blockchain Game field with the desire to bring blockchain into the Game through the mission of bringing true value to the gaming community as well as individual game makers.
Mass adoption of blockchain still waiting in the gaming industry? The problem is just time left. The main reason stems from what is known as the blockchain triad. Like the familiar project management dilemma. Choose cheap, good or fast or choose both. Blockchain’s struggles to balance decentralization, scalability, and security.
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