[Translation] The birth of a new game: How to utilize blockchain in the gaming industry

This translation article introduces Luxtag, which on the NEM blockchain provides the world’s first digital certificate that guarantees a product is genuine.Luxtag has distributed it.

Gaming Industrycontinues to grow. It expands into various niche markets and draws increasing attention every day.

In January 2019, the gaming industry's revenue reached up to $893 million in the United States alone. With the spread of esports and new technologies, this sector is thriving. Esports such as League of Legends, Call of Duty, and Counter-Strike generate millions of dollars in revenue and attract millions of users around the world.

Needless to say, innovations such as virtual reality (VR), augmented reality (AR), robotics, Internet of Things (IoT), and artificial intelligence (AI) are changing approaches to games and transforming the entire industry. However, the innovations influencing the gaming industry are not limited to the ones mentioned above.

Blockchainis also impacting the gaming field. This article discusses not only the blockchain use cases in the gaming industry but also how it could potentially reshape the industry.