The changing face of the gaming industry is one that encapsulates the inception of a digital world over the last 30 years. Once just a neat game of space invaders or pong with friends has now become a multi-billion dollar industry.
The 90’s saw gamers picking up a new console release from their local store and before we knew it everyone was shooting zombies on the internet.
Smartphones have laid siege to the industry in more recent times. You don’t have to move a muscle or wait for a PC to boot up. Just pull your phone out and do battle on your favorite game.
One thing that is noticeable is the industry’s willingness to embrace and push the boundaries of new technology. Color screens to the internet to mobile, it has all been a major strength creating bigger better stronger faster entertainment experiences.
So, what next? Where does gaming go now? To the blockchain and the internet 3.0.
What is GameProtocol?
GameProtocol is bringing gaming back to the people, putting users and developers in control. The way it should be.
GameProtocol by Gamytech is a decentralized gaming hub that will help indie developers build funding, bring security to digital gaming, remove 3rd party influences and, ultimately, bring control back to the users.
The new gaming hub is built upon the Ethereum protocol which enables the use of smart contracts. Operating in this way allows currencies and applications to run autonomously in a completely decentralized manner with no controlling company. Anyone is able to see the data, but it can never be retrospectively altered or deleted. Efficiency is improved, fraud is reduced and costs are cut.
Currently, the gaming industry is restricted by big corporations who have the money to make their business interests succeed. Indie game developers lie in a pretty intimidating shadow with minimal funding and publicity work against multimillion-dollar revenue streams.
By using the blockchain to maintain and record data gaming stores can become completely decentralized and unbiased. This allows developers to connect with gamers directly in a trustworthy and transparent manner.
Gaming providers work alongside and favor mainstream developers with the cash to back it up. The big players in game development hold more sway with gaming stores than indie developers.
Decentralizing game stores take away bias and levels the playing field for indie developers. Users gain trust in their gaming experience knowing they are supporting developers directly. Ratings and reviews become reliable and all actions are recorded on the blockchain for everyone to see in plain sight.
GameProtocol will show games in their true order of popularity, a popularity rating from real people. So, when you are looking for a new game, you really know what is hot and what is not.
Game Starter Funding for Indie Developers
The GameProtocol development is much more than just a one-stop shop for games. It also provides a funding avenue for developers called Game Starter. Developers can bring ideas and concepts to the users who can help to crowdfund the games they want to play.
Funding is crucial to a new system for indie developers allowing more and more money to go to the people who really make the games. The middleman will no longer get his cut and investors can see exactly where their funds are going.
GameProtocol will have its very own cryptocurrency which allows gamers to send funding directly to developers, ensuring the investor’s security. The token is a key aspect of the project as it will be more than just a function to pay developers. It will hold real-world value and liquidity that will be tradeable on cryptocurrency exchanges.
The tokens are vital to the running of the network with many processes relating to its value. The busier the platform becomes the higher the value of a token. Simple supply and demand.
With no central 3rd party or exchange rates, developers receive their fair share of the funding and games will be cheaper to produce. The intrinsic relationship between the maker and the user is probably the most important aspect of bringing new, exciting entertainment products to the world. Building a platform which both provides access to games and the development of new ones creates an advanced community ecosystem.
Gamers Control Their Security
Security is another string in GameProtocol’s impressive bow. It is no secret that cyber theft, hacking and data dumps are on the rise. Shopping online is super convenient but riskier than you probably realize. Virtually every transaction currently made means we must hand over a wealth of personal details to a 3rd party organization.
This is a problem mirrored in the gaming industry. Buying games online, making in-app purchases and playing for money all require centralized game hubs to hold credit card details, name, address, email and even a picture of your face.
Having all this data stored in a central location is a big risk whether it be from hackers or companies selling on your data. Bye bye privacy and maybe even your identity. As consumers we put a lot of trust in these companies and simple negligent behavior can leave you exposed in one way or another.
Using a decentralized blockchain approach dramatically improves security. No longer is your data stored in one place. The user remains in control of their details only revealing what he or she wants.
The Future and How to Get Involved
The future benefits of blockchain technology are exciting, especially for indie game developers and the players. Working in a true peer-to-peer fashion will foster the expansion of new ideas and fresh gameplay not yet invented. More can be brought to the table from developers with a different vision.
GameProtocol is moving closer and closer to launch and the ICO is crucial to the success of the project. Public investors can buy a stake in the tokens during November.
The future is a bright one, both developers and gamers may enjoy getting their hands on some tokens ahead of time to suit their needs. As the network grows tokens will increase in value. The idea to keep the tokens as an easily liquidable asset could be a great investment. But it is even more exciting as a show of support and funding to the vision. It’s an exciting advancement that brings future opportunities to work (and play) in the GameProtocol platform after its 2018 release.