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Gaming juggernaut Ubisoft is organizing a hackathon called Blockchain Heroes, which will be held in Montreuil, France. The event will take place from June 29 to July 1, News BTC reported.
The objective of the hackathon is to incorporate blockchain technology into gaming, encouraging developers to get creative with the product they plan to create. One of the teams that have been invited is the one behind the successful blockchain-based game "CryptoKitties."
Since launching in November 2017, "CryptoKitties" has made over $25 million in transactions through the 1.5 million wallets the game introduced to its audience, exposing thousands of people to blockchain tech and showing them that virtual assets have real-world value. So it comes as no surprise that Ubisoft invited the game’s developers to participate in the weekend hackathon.
Gaming companies have been researching for ways to adopt blockchain technology and cryptocurrency to eliminate issues surrounding payment transactions, which are often slow and costly. Moreover, inefficiencies caused by traditional payments affect players and the gaming company, while the middlemen facilitating the transactions benefit from these irregularities.
By using blockchain, however, there’s no more need for a middleman, and players can directly send their payment to the gaming company. And even if discrepancies occur, the immutable ledger that blockchain possesses will provide a clear and transparent evidence of what went wrong in a transaction. For this reason, disputes stemming from irregularities can be easily resolved.
CryptoKitties CEO Roham Gharegozlou expressed the importance of introducing blockchain to users who are unfamiliar with the technology and allowing it to permeate the lives of ordinary people. This will benefit not only the gaming industry but the blockchain and cryptocurrency ecosystem as well.
Experts in the crypto industry have said that virtual currencies will see a significant increase in value when massive adoption starts to take place. And with the gaming industry and other markets trying to integrate this technology into their respective sectors, it seems inevitable that global adoption will take place in the coming years.
