Since the broadband internet, basic online games evolved into digital gaming, which now accounts for the lion’s share of an industry estimated to have generated $116bn in 2017 alone. When including gaming hardware and PC gaming systems and accessories, that takes the industry to an estimated $149bn in revenue last year, which is reportedly as much as 3 times the size of the movie industry.
With digital gaming, the way forward, the next step in the life of the gaming industry is undoubtedly the adoption of blockchain technology, with the gaming industry amongst the top few industries likely to benefit the most from the evolution of blockchain technology into the mainstream.
JoyToken is looking to deliver the paradigm shift in the gaming industry, delivering smarter games to existing and new casino players giving innovative and creative games’ developers easy access to operators in a one-stop shop. Key to JoyToken’s strategy will be:
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Game integration and hosting made simple with JoyToken’s game development system.
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Payments go straight to developers in the form of JoyTokens.
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JoyToken takes care of all regulatory and compliance matters.
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Provides instant access to JoyToken’s online casino site; PlayCosmo Casino.
Joytoken’s cryptocurrency will allow developers to pay and to be paid for their games, with the platform enabling players to play Joy Gaming games on PlayCosmo and many other sites. The added benefit will be that the blockchain technology will provide anonymity and transparency, something that is lacking on current casino gaming platforms.
JoyToken is certainly taking things seriously and reflected in the fact that the CFO, Mr. Green is their advisor and that their team consists of senior executives from bet365 and Poker Stars. JoyToken will also have a live platform and their demo slot using blockchain available at the end of this month.
JoyToken ICO starts on 27th of February and is scheduled to end on 29th March 2018.
Gaming is not just down to the online casinos however and, with 2.2bn gamers, there is an array of blockchain based projects on the go at present that will change the face of the gaming industry in the same way as digital gaming did over a decade ago.
There‘s talk of continuous and parallel gaming universes, where a distributed ledger will allow gamers to use their characters and items from one game in multiple games, with the world of blockchain bringing the universes together.
It’s the tip of the iceberg from a gaming perspective, with artificial intelligence and algorithms likely to give gamers a significantly enhanced gaming experience.