Gaming is one of the biggest and most profitable entertainment industries right now. According to mobile market research firm Newzoo, gamers across the globe will spend $137.9 billion on games this year—representing an increase of over 13% from the year before. Digital games are responsible for over 90% of global gaming market revenue.

One thing that shouldn’t be left out of the conversation when talking about the future of gaming is decentralization. Companies have been exploring ways to leverage blockchain technology in gaming, specifically, in game development.

“Right now, we are seeing studios and publicly traded companies allocating their resources into the development of decentralized gaming,” said Kyle Lu, the founder, and CEO of Dapp.com. Lu spoke about decentralized applications (dapps) and the future of gaming on the TechNode ORIGIN stage at SWITCH (Singapore Week of Innovation and Technology). The Beijing-based Dapp.com is a platform that has created an ecosystem to encourage the development of dapps.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.