It is known that the Gaming Industry is becoming more and more powerful. In terms of the businesses, partnerships, marketing and money that it involves.
Esports nowadays are able to give Million Dollar prizes to their winners.
The most famous streamers make wealthy livings by playing games for their audience, by giving them tips and tricks and general reviews.
A couple of years ago we witnessed this change. And most probably we will only get more.
Gaming daily becomes more accessible and immersive.
The Reasons how PlayFuel will Agitate the Gaming Industry
- A major change for developers:
Gaming is an Industry in constant progress. And blockchain proves to be ready to penetrate it. Since Blockchain has the power to become a game changer in it. Developers working through PlayFuel will benefit from transparent and secure systems. This will establish a greater trust when developing games in the platform. Developers can for example create free-to-play model games that will allow them to generate profit from in-game purchases. Purchases of in-game assets such as weapons, skins, boosts or any other items will be possible. Through in game developed currencies or Cryptocurrencies, such as PLF. It is known that this currency will hold limitless possibilities for game developers.
- A major change in the Transactions:
Using Blockchain technology when buying and selling in-game items has benefits because; possibility to make it fast and secure without any third-party – preventing the famous cases of scamming and whatsoever;
Secondly this can be a huge deal. If we focus on the fact that with Blockchain there is power to create a Universal Token, which would lead to the possibility to combine divided gaming markets into one Mega-Economy;
Lastly, this would also be a big change since the transactions can happen directly from the player’s account to the developer’s account.
- True Ownership of In-Game Assets:
Integrating PLF’s Blockchain in the gaming industry will be the way to transfer of ownership from developers to players. Thousands of games offer free-to-play mechanism with in app purchases, such as, skins, level upgrades, characters, boosts, you name it.
But even if spending thousands on a game the gamer still doesn’t own the in-game items.
The developers keep the power to remove and change all the in-game items. The moment when blockchain gets involved, it will allow the gamers to truly own all their assets upon purchase in the game.
All the data is in the blockchain is immutable. Developers won’t have any power to change or revert this process.
- Parallel Gaming Universe:
Through PlayFuel Blockchain a gamer can have the opportunity to create a personalised character to use across multiple gaming environments.
The possibility to have a multiverse or alternative dimensions is a major revolution in the gaming industry.
With PlayFuel developers can create their parallel universes and set their terms through Smart Contracts. This allows in-game data and currencies to be used across the gaming ecosystem.
As long as the PlayFuel network is running, any games created in the platform will automatically be available for playing.
- The most Secured Storage:
Games, when developed within the Blockchain, are granting Security and Protection of all your in-game assets and currencies.
Within PlayFuel technology: developers promise an Extra layer of security for the gamer’s data.
The enhancement of security and data storage have to go hand in hand with the online video gaming industry.
Which, Blockchain proves to be the way to make it happen.
PlayFuel developers tell us that they want to be the bridge between gaming and the blockchain.
To bring benefits to both gamers and developers. Players will be able to buy and sell items without any risk of being scammed.
Developers will be able to enhance their profits since they won’t have to deal with third parties or middle men to create a market between them and the gamers.
Also, any industry that Blockchain steps foot in, benefits from it. And gaming can be another great example if PlayFuel plays their cards right.
Market Capitalisation and Trading Volume
At the time of writing, we can find PlayFuel (PLF) at a price of $0,39 USD which is a bit more than half of the All Time High (ATH) of $0,54USD.
What most fascinates me at this moment is the Trading Volume Increase in the past week.
On the 23rd of March we could find the Daily Trading Volume to be around $3,000,000 USD and in only 7 days, it grew more than $8,000,000 USD. Reaching an astonishing Volume of $12,000,000 USD.
This might be a sign of an upcoming Bull Run; which will definitely keep PlayFuel (PLF) on my watchlist.