Mentors:

Rhic Chowdhury

Head of Sales & BD, Biconomy
Account Abstraction

BI 002 Gaming Onchain with AA

Problem Statement

  • The idea is to enable a Web2 gaming experience on the Polygon Chain by implementing Account Abstraction
  • Account abstraction allows users to seamlessly interact with games and applications on the blockchain without the need to manage complex blockchain addresses and transactions, reducing friction and enhancing the gaming experience.
  • The current user experience of interacting with blockchain-based games can be cumbersome and confusing for mainstream gamers. Managing blockchain addresses, gas fees, and transaction processes can create friction and divert gamers' attention away from the actual gameplay.

Potential solution

  • The solution is to implement Account Abstraction on The Polygon Chain, allowing gamers to interact with games and applications using familiar WEB1 accounts, such as social media logins or email addresses
  • The underlying blockchain complexities, such as Managing addresses and transactions, are abstracted from The users, creating a seamless and intuitive user experience.

Challenges you may have to overcome

  • gaming applications often require high transaction throughput and low latency to provide a seamless gaming experience. Building a gaming platform on The blockchain while ensuring scalability can be a challenge due to The limited scalability of some blockchain networks.- user experience plays a crucial role in The success of gaming applications. Designing a user-friendly interface, providing smooth gameplay, and minimizing transactional friction are essential considerations.
  • integrating gaming features with blockchain technology requires a deep understanding of smart contract development, tokenomics, and blockchain infrastructure.
  • Translating game logic and Managing game state on The blockchain can be complex. ensuring consistency and security while maintaining real-time interaction among players is crucial.

Business model

  • The gaming industry is a massive market, with billions of players worldwide. as blockchain technology and decentralized gaming platforms gain popularity, there is a significant opportunity to attract mainstream gamers to The Polygon Chain by providing a seamless WEB1 gaming experience.
  • by removing friction and enhancing user engagement, The market size for blockchain-based gaming experiences can be expanded.
  • The gaming platform or developer could pay a fee or share a percentage of The revenue generated from user engagement and in-game transactions on The Polygon Chain. Additionally, partnerships with advertisers or sponsors could be explored to monetize The gaming experience further.

Market Opportunity

The Total Addressable Market (TAM) for building a Gaming on Chain platform with account abstractions in the crypto space is significant and continues to grow.The TAM for a Gaming on Chain platform with account abstractions in the crypto space is influenced by factors such as the platform's target audience, game genres, marketing strategies, and competition. Conducting thorough market research, identifying the target user segment, understanding their preferences, and offering unique gaming experiences will help refine the TAM estimation for a specific gaming platform in the crypto space

  • Emerging Markets: The TAM for gaming on the blockchain extends globally, including both established gaming markets and emerging markets with increasing internet and smartphone penetration. Targeting a diverse range of regions and demographics can significantly contribute to the TAM.
  • NFT Market Growth: Non-fungible tokens (NFTs) have gained significant attention and value in the crypto space. NFTs can be used to represent in-game assets and provide unique and tradable digital items. The thriving NFT market contributes to the TAM for gaming on the blockchain, as players seek to engage with NFT-based games.
  • Global Gaming Market: The global gaming market is substantial, with billions of gamers worldwide. As blockchain technology and cryptocurrencies gain popularity, incorporating gaming on the blockchain presents an opportunity to tap into this large and growing market.
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FAQs

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