Top 5 Blockchain Gaming Companies
The gaming industry has always depended on the newest technological innovation on the block to ensure better gaming experience to its tech savvy customer base. Consumer spenditure on games is expected to grow to $180.1 billion by 2021, at a CAGR of +10.3% between 2017 and 2021.
The appeal of video games has defied market norms, expanding at a double-digit growth rate for ten straight years. This sort of performance is hard to match, especially for any industry that has been around for several decades. To put this into perspective, the global games market revenue was $70.6 billion in 2012, which places the 10-year CAGR for the market (2012–2021) at +11.0%. Basically, the video game industry is revved to grow in all directions, at least till 2021, and there is no plausible reason to believe it will stop at that.
Recently, the online gaming sector has kicked up its USP a notch by implementing blockchain technology in its gaming platforms. DLT holds the potential to single handedly change the way online games store and share data. This also makes the process of making payments related to the games more transparent, reliable, hassle-free and quick. It is also a hit idea with gamers, and online video game companies are flocking to software developers to adopt it. Here are the top five companies integrating blockchain with gaming:
- Alto
This company is focused on making the most out of the untapped potential of item-centric economy in video games. Their strategy provides a simple yet effective solution to monetize free-to-play online games without hiking costs for players while bringing in profits for the game developers. Alto uses customized features — Alto Forge, Alto SDK, Alto Wizard, Alto Backpack, Alto Portal — to create a blockchain-based game ecosystem where users can mint, sell, use, and search for crypto items.
2. HashCash Consultants
The blockchain experts are leading white label provides of blockchain platform with a high transactional throughput. This is suitable for matching and exceeding existing gaming throughput on your platform.
HashCash manages the setting up of the cloud infrastructure for gaming providers. The gaming platforms provided by the blockchain company is fortified with security features such as IAM, ports routing, IP Tracking, DDoS & Malware protection, Wallet Security using AES 256 & Md5 encryption standard & SSL Configuration.
Clients can choose to set up a cryptocurrency exchange with Market, Limit, Stop Orders, Margin for placing orders and increasing the volume of trade.
3. Fig
Fig collaborates with developers to provide an end-to-end producing and selling a video game. They assist in development advances, publishing and distribution support once the games are ready for launch.
When the games start selling on the completion of the campaign, participants of the project, including the developer, Fig, and holders of the company’s shares or other similar Fig securities share in the sales returns from the game.
4. Ultra
According to the company, its blockchain foundation has facilitated more than 100 million downloads around the world. Players can earn Ultra Coins by participating in beta tests and market studies, watching advertisements, curating games, and more. They can also access third party game services directly within Ultra for purposes such as item trading. Purchasing and reselling second hand digital games and virtual items are facilitated at Ultra.
5. Enjin
Enjin enables the creation of impressive website and several other related features for enhanced interactions between gamers. These include a module for modern forums, group chat, voice servers, recruitment apps, and a donation store.
Players are given the opportunity to create their own unique gaming identity, join gaming communities and interact with other gamers, and design their own point and rank system. Users may buy, transfer, and earn points utilizing customizable means.
