Gaming is the fastest growing form of entertainment in the world with a worldwide revenue increase of approximately 9.7% per year. Video game revenues reached $ 139 billion in 2019 and the market is estimated to reach nearly $ 200 billion by 2022. Such development is accelerated by the introduction of blockchain technologies into the industry and the growing adoption of virtual and augmented reality.
The fusion of blockchain and virtual gaming opens up new perspectives for the gaming industry, making games more immersive and providing gamers with more vibrant experiences. VR has spawned a new level of interaction in gaming, and the merger with blockchain is a natural step in bringing crypto-economy to the virtual world for fairer gameplay and more interaction.
Gamers are increasingly complaining about the benefits that wealthier users have in the gaming world as a result of increased access to exclusive in-game purchases. The blockchain is called upon to make this access more cross-boarded, giving users with less real money the opportunity to create crypto revenue and spend it within games. With gamers also complaining about the downturn in game quality from leading publishers and developers like Bethesda, decentralized platforms can revive games and divert attention from their merits to businesses. The inclusion of a more diverse user base means that blockchain ecosystems can grow and develop more quickly.
One of the more striking examples of the advancements that blockchain-based games have made since the advent of their first generation incarnations such as Cryptokitties is the Age of ILCOIN: Retribution Game – A 20-year leap from basic Tamagochi-style playable games to the world of Virtual Reality.
AoI, the game’s first iteration, gave users the chance to experience in-game purchases and a cryptocurrency-themed game, while AoI: Retribution further boosts gameplay by adding VR as a fixed format. First-person shooting and a semi-open world gives users greater mobility and extensive usage in the game, which is the real hallmark of blockchain functionality within video games.
AoI: Retribution is a joint development of the ILCOIN and SYDYG development team, SPECTER, FOKAGAMES and NEON SAVAGE. The core development team oversaw the creation of the main storyline and characters. The game is already available on the Steam gaming platform and the Oculus store, and the ILCOIN team is in talks with companies to adapt the game for consoles.
As the VR and gaming markets offer ample opportunities for visualization of exciting game experiences on the blockchain, AoI: Retribution aims to fully harness the combined power of the technologies and provide gamers with a unique blend of a fair internal gaming economy and a compelling storyline. built based on immersive gameplay mechanics. Designed with the best aspects of its genre in mind, AoI: Retribution is set to combine multiple elements of the best titles on the market to provide players with hours of fun.
The ILCOIN development team is convinced that the gaming market offers great opportunities for those who provide innovation and those who can bring new experiences to gamers. As such, the project team is currently developing a range of other games and the roadmap includes building the joint future of VR games and blockchain technology, with Age of ILCOIN being the first step.