Mapping out Decentralized Gaming

It is no surprise that some of the most popular dApps built on blockchain platforms are games. In fact, for gamers, digital currencies are commonplace in the games they play.

A majority of games have native currencies that allow gamers to purchase items, acquire new skills, and upgrade their in-game characters. Take League of Legends for example: the multiplayer online battle arena game is free to play but generates revenue by getting its players to purchase “Riot Points” which can be converted to items in the game. This freemium model helped League of Legends generate $2.1B in 2017. Fortnite, the online shooter, is another example. In 2018, Epic Games, the creators of Fortnite, generated a reported $3B in profits, all of which came from players buying its in-game currency, V-Bucks.