Buterin’s Ethereum Could Save and Revolutionize the Gaming Industry

Vitalik Buterin is one of the most mentioned names in the crypto space as he is the creator of Ethereum, a decentralized platform that enables the use of smart contracts. Not only that, Ethereum also allows the creation of decentralized applications (dApps). No matter how successful, Ethereum’s scope is still being explored and is often cited as the savior of the gaming industry. Let’s see how.

Buterin and World of Warcraft: A Sad Story

Before Ethereum came into existence, Vitalik was an avid player of the massively multiplayer online role-playing game (MMORPG) World of Warcraft (WoW). buterine He had a successful in-game mage character with some pretty powerful spells.

However, a Blizzard update has dropped one of the spells, the company behind WoW. Vitalik was heartbroken about how a single line of code could impact dozens, if not hundreds, of hours spent on that game. According to his bio, he wished decentralized servers existed for the first time.

Central Game Servers Issue

Games like WoW have an advanced in-game ecosystem with thousands of items actively crafted, looted and traded between players. The main thing is that moderators may change these items as they see fit. Of course, mods can’t really interfere with the ecosystem, but they still have the capacity to wipe out all their equipment and spells, making the strongest player on the server a first-level beginner. No one wants to witness anyone be this powerful – even in games.

That’s why the ecosystem in WoW needs to be fairer for both in-game items and coins. I wish there was a technology that could help humanity in such matters. Yes, there is, and it’s called blockchain.

The Role of Blockchain in Online Games

Have you ever wondered what value Bitcoin has? On the face of it, it’s pretty simple: People agree that BTC, like any other asset, has a value that varies based on supply and demand and a few other factors. However, what sets Bitcoin apart from all other digital currency creation initiatives is that BTC uses the blockchain, a decentralized ledger that shifts power from a single organization to many who are part of the chain. Such a decentralized server has also radically changed how information about BTC is stored, making it secure and almost impenetrable.

But let’s not take everything technically. the important thing is bitcoin it works as a cryptocurrency so it has value and most importantly, no one can change the information on the chain i.e. no one can change your BTC amount.

Now such a system can also be applied to World of Warcraft. Currently, mods can manipulate in-game gold as they wish. If blockchain were to be introduced to WoW, coins would be just like cryptocurrencies and it would be impossible to do so. manipulating it further strengthens them, the in-game ecosystem.

Of course, it’s not just cryptocurrencies. Blockchain is widely used for NFTs. Digital art is currently the most popular way to use NFTs. However, anything digital can be converted to NFT and turned into a unique virtual item with only one owner and no possibility of tampering. In this way, in-game items can gain real value and somehow be protected from being affected by moderators, hackers or any third party.

When you put them all together, you get a fascinating world. The good news is that some companies are already working on this and the name of such a company LAND. It is a cross-chain, community-driven and open-source project that enables the creation of virtual worlds using the power of the blockchain. In an other saying, LAND users can create their own unique digital worlds with original avatars, items, pets and more.

All About Ethereum

After Vitalik Buterin was disillusioned and created Ethereum, he had a clear vision for his platform – to decentralize the world. Moreover, games are becoming an increasingly important part of the world around us.

Ethereum already standardized token generation Via the ERC-20 standard. It is also the most popular network used to create NFTs, thanks to other standards such as ERC-721. They are already used to create many games, and it’s only a matter of time before major developers take the blockchain into account and create a truly immersive experience with a real-life ecosystem.

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*All investment/financial opinions expressed by NFT Plazas are taken from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to thoroughly research any product before making any investment.

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