ver the past few years, cryptocurrencies have widely used in different sectors, and one of these sectors constitutes the gaming industry. The game developers integrate cryptocurrencies in their product, and that drives many gamers to adopt it.
The game developers and players encounter fraudulent activities and some problems in the transaction, so to solve these issues, Blockchain-based gaming came into existence.
Blockchain-based gaming offers benefits like streamline payments, decentralization of payments, the real ownership of the players, and safe product trading and cross-game compatibility.
What made the Gaming Industry overgrow in the Global sector?
Game developers needed a secure environment to build and launch games and subsequently make money out of it.
The players are interested in buying and selling in-game assets in a secure manner, and hence they need a safe platform.
The players are allowed to create their own profiles and play many games. The players prefer that their profile needs to be inoperable across the gaming industry, and hence blockchain can help in this area.
The players should save their virtual assets securely by storing them in a decentralized manner.
In a traditional gaming method, if a gamer buys any of the in-game assets, the gaming company owns them, not the player. So to address this issue, blockchain made a significant impact.
How Gamers resell their in-game purchase and make money out of it?
Clearly, online gamers purchase many in-game assets like swords, guns, and other add on features. The players tend to buy these in-game assets, and after a period of time, they become a non-transferable investment that locked into their gaming world.
So to overcome this company like Polyient Games, An investment company that wants to make online gaming to be fairer for players by funding gaming startups that incorporate blockchain technology.
The company’s main idea is to allow players to keep those in-game purchases or migrate them to use it in another game without having to repurchase them.
Another beneficial idea is some in-game assets cost thousands of dollar-based on scarcity, so through blockchain technology, the player can sell their assets like swords or guns in the open market for fiat currencies.
In blocking, the in-game assets are represented as non-fungible tokens ( NFT). The NFT is a unique asset that can be tracked using blockchain.
The Polyient Games mainly focus on NFTs and trying to add more value to it by improving the infrastructure and application layer.
If a gamer earns an in-game asset like a sword and others, the gamer can sell them to earn real-world money. The main concept behind this is play to earn not pay to play.
Conclusion:
It is clear that blockchain technology is incredibly useful in the gaming industry. The global gaming sector was said to have reached a global revenue of 200 billion in 2025. Meanwhile, the game developer and the owner should consider carefully among the different monetization models and choose the best that fits with their business model.
Tap to Know More About —> Blockchain in gaming Industry
Blockchain gaming is becoming more and more popular these days due to its decentralized pattern.
One such popular blockchain game is GAMEINFINITY.
The GAMEINFINITY is a blockchain gaming platform that has single and multiplayer games integrated with GAMEIN token.
the players who participate and win the game will be rewarded with the tokens and stones which are essential to participate in games and increase the profile immunity respectively.The new GAMEINFINITY Gaming Universe will be benefitial to its users because players can get access to games, participate in tournaments, watch livestreams , chat with players, discover content, meet friends, trade gaming NFT and make gaming a full time earning source.Games available and soon to be launchedThe platform has already launched beta version of its first game "2048" and Slider which is single player game.
The games in the platform is integrated with the native currency known as $GAMEIN tokens.The platform is aiming to launch 50+ single and multiplayer games by the first quarter of 2022. and is also setting up for partnership with global game developers with an aim to introduce full scale blockchain games mobile apps.
TeamGAMEINFNITY employs more than 100+ gaming experts to work in their labs which is a decentralized game developers hub.the community is expanding as it is reaching out to more crypto and game enthusiasts and is having 5,00,000+ holders and active players.With GAMEINFINITY we can earn more crypto tokens by playing easy and fun games which is a better opportunity indeed.
Points Covered in This ArticleWhat is GameJet?Major Stepping StonesJET token detailsJET token distributionPurpose behind the Presale FundingGameJet RoadMapJET Token Bounty ProgramRegistration and Referral ProgramTo promote the development of the GameJet community, the leading blockchain gaming ecosystemis ready to holdan official referral reward program.
During this event, we will distribute 50 JET tokens as registration rewards and 50 JET tokens as referral rewards.These tokens will be available to community members who are willing to actively contribute to GameJet social media and share our official informational content online.The program is associated with task-based rewards as well as social influencing.
Task-based rewards include creating content for GameJet medium blog, etc.
and social influencing rewards consist of giving an opportunity to grabbulk tokens while referring friends to participate.Community members can now own a chance to achieve thousands of GameJet tokens and help incredibly build the new era of blockchain gaming and entertainment.GameJet continues to spread awareness for the core mission to embrace and empower developers, traders, and investors to create and participate in the exciting entertainment DApps and games.We have come up with some sorted exclusive ways that will surely pave the way for a faster, more straightforward approach to new emerging blockchain projects.What is GameJet?Our team has proposed to develop a super cool and scalable blockchain protocol in order to merge developers, publishers, and players with a whole new gaming experience.We have created smart contracts and programs to support developers collaborate with resources to easily design and build mobile and online games inheriting complete blockchain throughput.Moreover, to backup the above-mentioned developments, GameJet intends to host a fundraising event announcing the native currency- JET.JET is not only a cryptocurrency; it is also a token built on TRC20 Tron Blockchain.$JET is a community-based utility token released to support all projects and games associated with GameJet.This token offers numerous crucial Defi features using the Tron Blockchain.The new JET token is also created to majorly enhance the Blockchain Gaming and NFT Network.The Major Stepping StonesTo pursue partnerships with major game developersAchieve 50K gamers by first quartersFundraising for developmentsEffective protocol developments3 Year platform developmentStrong and reliable core development teamToken DetailsToken Name: GameJetSymbol: JETPlatform: TRC20 Tron BlockchainTotal Supply: 1 billionJET Token DistributionTotal Supply: 1,000,000,000 JET tokensCirculating supply: 1,000,000,000 JET tokensPublic Sale: 40%Liquidity Lock: 20%Initial Burning: 20%9% Marketing and business development tokens (locked for 6 months after listing)7% team and advisory tokens (locked for 1 year)4% to empower digital creators viathe NFT launchpad.The Purpose of the Presale Funding 45% of the funds are allotted for the use of development team support to efficiently build and enhance our product;15% of the total funds areraised for marketing purposes such as partnerships, awareness, and go-to-market strategy;5% of the funds are kept for legal and accountancy purposes;35% of the total funds are raised for the use of liquidity to exchanges.The GameJet Roadmap2021:Quarter 2–Company Formation- The launch of the official GameJet website and whitepaper to introduce thecore motive of the online gaming blockchain community.Quarter 3 - Blockchain development- The JET tokens on the Tron platform is created and deployed with a total of 1 billionsupply and 0.3 billion token pre-mining.Quarter 4 - JET Token Exchange Listing- GameJet will list the JET tokens in different leading digitalasset exchanges.2022:Quarter 1 - Partner with game developers- We will collect the game proposals from interested developers on GameJet specifying a clear game concept and JET token integration.Quarter 2 - Sneak peek of games- Developers will launch the game preview for the GameJet communitythat is still underdevelopment.Quarter 3 - Beta testing with investors- Our team with JET investors plans to perform beta testing sorting out the possible bugs and errors.Quarter 4 - First game launch- We will launch the first wave of games on our official platform.JET Token Bounty ProgramWe have recently announced the social media and YouTube bounty of the JET tokento get accessible on the official GameJet portal.
The details are here:9% JET tokens are raised for marketing and 2.5 tokens are allotted for pre-listing bounty program out of 1 billion total supply;The interested candidates need to pick and accomplish simple social media tasks or create articles/videos and grab their JET token rewards;The associated rewards will be distributed on 13 July 2021.
You can follow this link to participate in the event: https://forms.gle/7RpHoG1ahmFDyo1n6.Registration and Referral ProgramGameJet has also come up with an idea offeringsimplified access to defi functions with the major use of blockchain features implanting on theJET token.
