WEBVTT

00:00:00.080 --> 00:00:06.160
with how big a buzzword blockchain has been in the cryptocurrency world it was

00:00:04.480 --> 00:00:11.599
probably only a matter of time before video games hopped on the bandwagon and

00:00:08.240 --> 00:00:14.320
indeed we are seeing blockchain or play

00:00:11.599 --> 00:00:20.880
to earn games starting to surge in popularity but how exactly does a video

00:00:17.440 --> 00:00:23.600
game use something like the blockchain

00:00:20.880 --> 00:00:28.640
the basic idea is this either the games are free to start playing or you pay

00:00:26.560 --> 00:00:33.760
some sort of upfront cost often in crypto to play the game and as you play

00:00:31.279 --> 00:00:39.600
you earn in-game assets in the form of non-fungible tokens or nfts in case you

00:00:37.040 --> 00:00:45.360
don't know what an nft is it's kind of like crypto in that it's stored on a

00:00:42.000 --> 00:00:48.800
blockchain but unlike crypto each nft is

00:00:45.360 --> 00:00:51.440
unique so they're often artworks songs

00:00:48.800 --> 00:00:56.320
or even memes for gaming though they tend to be in-game items like weapons

00:00:53.760 --> 00:00:59.840
cosmetic skins or other collectibles but

00:00:57.440 --> 00:01:04.159
hold on a second how exactly is this different from the more familiar system

00:01:01.760 --> 00:01:08.400
of earning items in game through play or through microtransactions with regular

00:01:06.479 --> 00:01:12.640
or in-game currency well probably the biggest difference is

00:01:10.400 --> 00:01:18.159
that because the assets are stored on a public blockchain with ethereum being a

00:01:14.880 --> 00:01:20.720
particularly popular one players own the

00:01:18.159 --> 00:01:25.600
assets that they earn so if you earn some kind of sweet collectible then

00:01:23.280 --> 00:01:29.920
something happens to the game servers or the developers just decide to pull the

00:01:27.200 --> 00:01:32.640
plug your item will still exist on the blockchain and it will still have a

00:01:31.520 --> 00:01:36.400
value as long as there's demand for it and the

00:01:34.880 --> 00:01:40.960
fact that it's on the blockchain could make it easier to move assets between

00:01:38.640 --> 00:01:44.960
titles even from different game studios since developers would have to do less

00:01:42.640 --> 00:01:49.840
legwork to enable this functionality so imagine for example using a fortnight

00:01:47.439 --> 00:01:54.399
skin in call of duty indeed some popular blockchain based

00:01:51.680 --> 00:01:58.399
titles like axi infinity already have large followings of people that are

00:01:55.920 --> 00:02:02.000
making a profit sometimes a substantial one on items that they have earned in

00:02:00.479 --> 00:02:06.000
game making it appealing to folks that want something more than just a better

00:02:04.159 --> 00:02:09.679
gameplay experience after plunking down their money thanks to eaton for

00:02:07.520 --> 00:02:13.840
sponsoring today's video eaton is the first major manufacturer to offer a

00:02:11.680 --> 00:02:19.440
global double conversion one to three kilovolt ampere lithium-ion ups to the

00:02:16.319 --> 00:02:21.920
market the eaton 9px lithium-ion ups is

00:02:19.440 --> 00:02:26.480
a tower and rackmount capable ups that features an extended battery life of 8

00:02:23.920 --> 00:02:30.319
to 10 years so you can set it and forget it you can also connect it with eaton's

00:02:28.400 --> 00:02:34.080
leading cyber security network card environmental monitoring probe and

00:02:32.319 --> 00:02:38.400
automatic transfer switch for expanded cyber security 24 7 monitoring and

00:02:36.160 --> 00:02:42.640
redundancy respectively save yourself time and money while

00:02:40.160 --> 00:02:47.440
reducing potential risks with the 9px lithium ion ups today one possible

00:02:45.280 --> 00:02:51.920
pitfall of blockchain games is that they are still based around the idea of

00:02:49.280 --> 00:02:56.400
making transactions after you buy the game so they come with a lot of the same

00:02:53.920 --> 00:03:00.160
concerns as traditional microtransaction heavy titles

00:02:57.760 --> 00:03:04.720
nfts are already seen by some tech enthusiasts as gimmicky since anything

00:03:02.879 --> 00:03:10.000
can be made into an nft and and any nft could easily turn out to

00:03:07.840 --> 00:03:13.440
not have any real value then you've got the fact that some

00:03:11.360 --> 00:03:17.680
blockchain games bear a lot of similarities to

00:03:15.040 --> 00:03:22.560
freemium or pay2win releases where you are still paying real money in order to

00:03:20.080 --> 00:03:27.280
get a competitive advantage in fact valve has already banned blockchain

00:03:25.120 --> 00:03:32.000
games from the steam store possibly due to concerns around items with real world

00:03:29.360 --> 00:03:36.000
value and blockchain games have already made negative headlines after one

00:03:33.680 --> 00:03:40.319
developer sold a bunch of nfts ahead of the game's launch to help fund the

00:03:37.840 --> 00:03:43.680
operation but then the dev just took the money and ran

00:03:42.000 --> 00:03:47.360
however other major names in the video game industry seemed to think that

00:03:45.200 --> 00:03:51.360
blockchain technology will be a big part of the future of gaming with ubisoft

00:03:49.360 --> 00:03:56.239
looking at incorporating the concept and ea more or less openly embracing it with

00:03:53.920 --> 00:04:00.480
their ceo saying collectible digital content will be a meaningful part of the

00:03:58.560 --> 00:04:04.720
company's strategy going forward and however you feel about that it's not

00:04:02.640 --> 00:04:09.760
super surprising considering that ea has already made colossal amounts of money

00:04:07.280 --> 00:04:14.400
off of fifa packs as for the consumer side what remains to be seen is if

00:04:11.760 --> 00:04:18.239
blockchain will raise or lower the barriers to entry for gaming while it's

00:04:16.959 --> 00:04:22.240
possible that it could make gaming cheaper in some situations since

00:04:20.160 --> 00:04:26.639
developers could offload certain tasks onto the blockchain instead of using

00:04:23.840 --> 00:04:30.160
their own servers it could also drive up the value of the in-game items or

00:04:28.479 --> 00:04:34.560
characters that players need to be competitive i mean it can already run

00:04:32.080 --> 00:04:39.199
you over a thousand dollars to buy a decent team in the aforementioned axi

00:04:36.720 --> 00:04:42.960
infinity for example but there are other projects out there

00:04:41.040 --> 00:04:47.040
that are less paid to win and more about accumulating collectibles such as

00:04:45.040 --> 00:04:51.199
supdrive which offers classic arcade style games where the games themselves

00:04:49.280 --> 00:04:55.919
are the nfts with each game having unique colors art or difficulty

00:04:54.160 --> 00:05:00.720
so hopefully we'll see the blockchain paradigm refined as time goes on in a

00:04:58.160 --> 00:05:03.759
way that works for gamers rather than against them

00:05:02.000 --> 00:05:08.000
just as long as we don't end up having to pay a thousand bucks for a luke

00:05:05.440 --> 00:05:11.680
skywalker nft you know i am your son wait no that's not how it

00:05:10.880 --> 00:05:16.880
goes like or dislike check out our other videos and leave a comment if you have a

00:05:14.320 --> 00:05:20.720
suggestion for a future fastest possible oh yeah subscribe did i say subscribe