Blockchain has begun to disrupt several major industries, with companies from various sectors finding ways to use the decentralised technology to solve problems and to lead to new opportunities. This includes the games industry, where developers, publishers and digital game retailers have steadily begun to embrace the power of the blockchain. One of the most notable examples of this is CryptoKitties. Running on the ethereum blockchain and using ether, a cryptocurrency designed around the principal of ‘smart contracts,’ players are able to breed and trade digital cats. Some 1.5 million users have traded more than $40 million worth of these virtual pets, according to VentureBeat and it has garnered celebrity endorsements from people like Golden State Warriors’ basketball player Steph Curry. So successful has the game been that other ventures such as OpenSea, a marketplace for CryptoKitties, has just raised $2 million in its own funding round. Other games that have made headlines for their use of cryptocurrency and blockchain includes the following:
- Minecraft as Microsoft now allows Minecraft mod developers to sell their creations for cryptocurrency;
- MonteCrypto: The Bitcoin Enigma is a puzzle game offering the first person to complete it one Bitcoin
- Cryptocurrency mining platform GammaNow rewards players with loot boxes and in-game items for offering up their PC processing power.