Blockchain Gaming on the Rise: Reality Over Hype!

Blockchain Gaming on the Rise: Reality Over Hype!

Vladislav Ginzburg, the founder and CEO of OneSource, highlighted the current developments in blockchain gaming. Current data shows that this segment has grown beyond the initial hype and is now creating real opportunities for use. According to Ginzburg, around 4.5 million unique active wallets use blockchain games every day, demonstrating the growing popularity and integration of the technology into the gaming world.

Ginzburg points out that the gaming industry accounts for about 25% of the total activity in decentralized applications (dApps). Despite this significant presence, the share of blockchain gaming remains relatively small compared to the overall gaming industry. He highlights the technical advantages of blockchain, particularly the ability for players to trade in-game assets such as skins as NFTs. This feature reduces server costs and creates new marketplaces.

Challenges and opportunities

A central theme of the discussion is the fatigue that many gamers feel regarding NFTs. Ginzburg emphasizes that developers need to find creative ways to win back players. He explains that blockchains are particularly well suited to tracking ownership and transaction histories. This could significantly enrich the gaming experience if the challenges of aggressive monetization in games are addressed.

Another point is the trend of investments shifting from token economies to gaming infrastructure solutions. Ginzburg points to technical bottlenecks that arise when running massive online games on the blockchain, particularly in terms of cost, speed and ease of use. Infrastructure advancements, such as Solana's Firedancer and Immutable's tools for game developers, play a critical role in this.

The metaverse idea

Additionally, Ginzburg discusses the potential of blockchain to preserve access to older games through decentralized storage. He emphasizes the need for community support to make these ideas a reality. The CEO expresses optimism about the concept of the metaverse, which highlights the importance of ownership of in-game assets and identities.

In conclusion, Ginzburg believes that while blockchain may not be the complete solution to all gaming challenges, it is a valuable tool for recording truth, validating ownership and transferring value. These views reflect the rapidly evolving blockchain gaming sector and open up new perspectives for players and developers alike.