This month marked a major milestone for the integration of blockchain technologies and the gaming industry. Both technologies have seen considerable growth over the last two years. The COVID-19 pandemic, coupled with more accessibility has helped fuel these sectors. Today, both industries are considered some of the fastest-growing sectors in tech. As such, it shouldn’t be too much of a surprise to learn that there are more than a few people interested in melding these technologies moving forward.
A Crypto Funded Gaming Studio
One ingenious group of developers has taken this concept to the next level. Quantum Works marks the first time in history that a public token sale was used to fund the creation of a gaming studio. Notably, the team secured over $1 million dollars to bring their project to life. This funding will go to a variety of critical areas of development.
Quantum Works isn’t some small-scale operations seeking to create a rinky-dink gaming platform to operate as a proof-of-concept. It’s a fully registered, KYC compliant, award-winning, AAA gaming studio. This designation means that the firm intends to compete with the top-performing studios in the industry. Think of major game titles like Call of Duty and Minecraft. These are all AAA games.
What makes a game AAA-standard is the work and technologies that go into its development. Notably, AAA games usually cost millions to create. They involve years of development and include some of the top digital artists available in the world today. As such, it’s no small feat to enter this market and it will require a huge commitment to become a major competitor.
Luckily, Quantum Works is able to offer some features that other gaming studios can only dream of. For example, the platform seeks to integrate cryptocurrencies directly into your gameplay. Imagine playing a first-person shooter. You take out your opponent and they drop their purse. When you pick up their coins, you pleased to learn you just acquired a rare token or a substantial amount of cryptocurrency.
The concept of getting paid to play video games has long been a dream of gamers. However, until recently, there was no way to seamlessly implement ROI options into games. Now, thanks to blockchain technology, this is the new reality. Notably, Quantum Works wants to implement cryptos into all aspects of the gaming experience.
For example, the platform's first release will provide users with the opportunity to secure huge windfalls. The title operates as a treasure hunt with players searching a vast map filled with other players. You can communicate and transfer value between players directly and you can discover games and treasures throughout the map.
Imagine you are gearing up for an epic quest across the digital landscape but you are worried that the journey could be dangerous. To protect your property, you enlist the help of some soldiers of fortune. You pay them in crypto and you set off on your journey. Along the way, you stumble upon a game in the wilderness. You try your odds and are successful.
In a normal gaming scenario, this win would usually mean some form of coin that only holds value within the game. However, in Project Quantum, the wins are bigger. You win a rare NFT worth $10,000. now you can fund an entire army to continue your treasure hunt. Best of all, you can take your NFT and sell it directly on the Quantum Works marketplace to cash in on your luck.
A Marketplace for Games
Gamers are sure to enjoy the Quantum Works marketplace. Here is where users can show off their collections and barter with others. The unique thing about this strategy is that the marketplace can also be integrated directly into games. Imagine going into a market on your favorite role-playing game and it being a real functioning exchange. You can easily and securely trade your tokens for others and cash in on your efforts.
Different Cryptos to Drive the Excitement
There are a couple of different types of cryptocurrencies that can be found in the gaming sector today. There are some titles that seek to integrate the classics such as Bitcoin into their gameplay. These titles are less common because Bitcoin is not particularly well suited to handle microtransactions. Plus currency delays make it not very useful without the help of a second layer protocol such as the Lightning Network.
You also have custom-built gaming tokens such as the native token for Quantum Works, QBIT. This token is designed to offer more scalability than Bitcoin. Users can send and receive this coin in near real-time thanks to its technical characteristics. Another cool feature about QBIT is that it will eventually be used across multiple gaming titles. This universal approach will make QBIT one of the only tokens in existence that can operate across multiple games.
NFT - Non-Fungible Tokens
Another type of token that is integral to the gaming sector is NFTs. NFTs enable developers to provide more earning opportunities to users. There are game-relevant NFTs, such as particular weapons, vehicles, and properties. These NFTs derive their value from the overall popularity of the game and their particular capabilities.
There are also gameplay-driven NFTs. These are items that players have the capability to increase in value. They are items like customized vehicles, avatars, weapons, and properties. Think of games like Fortnite where you acquire property and then build it up. The property can be considered a relevant NFT, while the real estate you develop on it would fall into the gameplay-driven category. The more you build these items up, the more value they hold.
A New Era of Gaming Approaches
If Quantum Works can succeed in its mission to integrate cryptocurrencies into gaming on a higher level, you can expect the effects to be felt across the market. Gamers are eager to transform their efforts into funding. Additionally, gaming studios would love the opportunity to offer products to users knowing they can resell them at a later date. This approach allows the developers to secure higher prices for their digital assets. For these reasons, Quantum Works has the potential to make an impact on the gaming industry in new ways.