Blockchain was a major new presence at this year’s Game Developers Conference, in booths, meetings and panels. CEOs/Founders told how they created blockchain-enabled startups for applications including games, VR environments, in-game item purchases, secure communications, loyalty tokens, community formation and issuing the electronic money known as cryptocurrency.

The gaming market continues to grow — Americans over 15 now spend more time on video games and gamified content than watching TV or movies, exercise, sports or recreation. Jared Psigoda, CEO of BitGuild, noted that the gaming community has been using digital currency and tokens for over a decade, with games such as World of Warcraft issuing hundreds of millions of dollars in digital gold to buy in-game assets such as swords and dragons.

In-game purchases with digital money accounted for over $50 billion last year, and drove “free-to-play” (F2P) games, which were the largest segment of the$108 billion video game market, according to SuperData. Below, we continue to explore 10 different strategies for game developers to benefit from blockchain: 6.

Support LBE. Location Based Entertainment refers to interactive VR games and other content typically served up in dedicated sites such as shopping malls, arcades or theme parks.

Hundreds of millions of dollars are being invested in LBE. The VOID by Disney is one of the larger projects, partnered with Lucasfilm and ILM to bring Star Wars-branded experiences to Disney resorts. Read more from animationmagazine.net…

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