Blockchain Makes Games Better In Every Perspective

While many consider blockchain to be a financial technology that is mainly used for safe international payments and cryptocurrency investment, it is not limited to that! Many industries, including gaming, have gained a lot from blockchain.  

Since the early days of chunky consoles and pixelated screens, gaming has come a long way.  What began as a solo activity has now become a highly competitive experience. Furthermore, from consoles to online multiplayer—from LAN parties to mobile games—this evolution is already unfolding.

However, at its core, blockchain gaming is completely integrated with decentralized technology. This permits players to have complete control over their in-game assets, ensures safe and secure transactions, and even generates income through gameplay. 

So, if you’re eager to uncover everything about this high-tech gaming experience, then all you’re required to do is keep scrolling through this comprehensive guide till the end. 

Why blockchain is revolutionizing the gaming industry?

There are not just a single but plenty of reasons why blockchain is revolutionizing the gaming industry. With more advanced fairness and a user-friendly experience, players can now enjoy and earn crypto while spending time playing games. So, if you’re interested in learning how it all happened, this is what you need to know: 

1. True Ownership of In-Game Assets

Unlike the traditional games, where, even after grinding and collecting rare items, you don’t own anything. Blockchain gaming has changed everything; now, in-game assets are minted as non-fungible tokens, offering players actual ownership. Further, it allows players to buy, sell, or trade their items outside the game on NFT marketplaces. 

Some of the great examples of blockchain gaming are

• A rare skin in a blockchain FPS game
• A legendary sword in a fantasy RPG

Thus, in traditional games, items are typically located inside the game, whereas in blockchain games, the items live on the blockchain and can easily be portable, tradeable, and sellable.

2. Interoperability Across Games and Platforms

Have you ever imagined your favourite character in multiple games? Indeed, thanks to blockchain games. In these games, players are allowed to use their game assets across different platforms. This means a weapon, character, or any item from Game A can be used in Game B, which is usually tied to your wallet. 

However, it can be done with the help of Enjin (creating cross-game virtual goods), MyMeta (allowing interoperable avatars across decentralized games), and Sandbox (shared assets and environments). This unlocks a multimedia experience that can’t be experienced in traditional games.  

3. Play-to-Earn (P2E) Economic Models

The blockchain games are not only for fun, but they’re also becoming a valid income source. However, the P2E games reward players with tokens, crypto, or NFTs that can be traded for real-world value. Additionally, the best part of these games is that they pay off for your time, effort, and skill. 

The perfect example of P2E games is Axie Infinity. In this game, players breed, train, and battle Axies and earn tokens. These tokens can easily be converted into real money, and gamers from countries like the Philippines are making more than minimum wage while playing this fantastic game. Other P2E games include Thetan Arena, Illuvium, etc. 

4. Transparency and Fair Play

If we talk about transparency and fair play, you can believe in blockchain games. We understand that cheating and rigging are the primary outcomes in online gaming, but through immutable and smart contracts, blockchain introduces clear-cut transparency. 

Now the rules and game logic are written in code, stored on-chain, and can’t be altered without any consensus. This builds trust and fairness between both developers and players, which ensures randomness and honesty. This brings an outstanding output for any gaming ecosystem. 

5. Decentralized Game Economies

One of the most exciting aspects of this advanced technology is its ability to build decentralized, community-driven economies. With the feature, players are now able to earn governance tokens, giving them a true sense of ownership and control over the games they play. 

Furthermore, Decentralized Autonomous Organizations in gaming allow user-led governance, ensuring that the player themselves is the true stakeholder. This opens up new opportunities for new types of gameplay, making the player a true stakeholder. Nonetheless, the DAO permits members to vote on investments and strategies and makes investments in P2E games. 

6. Secure Transactions and Reduced Fraud

Blockchain technology is significantly reshaping the gaming industry. With offerings like instant, secure, and borderless payments, there is no requirement for middlemen and high fees. 

Moreover, this makes buying in-game items safer. Unlike credit cards, which typically charge a higher amount or can be stolen, the use of crypto wallets is safer and tamper-proof. Further, it reduces the risk of fake payments, credit card fraud, and black market item trading.

7. Long-Term Value Retention

By shifting the focus from disposable in-game assets to true ownership and potential for real-world value, blockchain gaming addresses long-term value retention for players. In traditional games, where the servers go down and your items vanish, with the blockchain, your items live on the chain, not on the gaming server. 

This means you can retain value even if the game shuts down. At this point, you can resell NFTs, keep them as collectables, or use them in future games if interoperable. This is how you get a long-term investment value in your gaming experience.

8. Cross-Game Identity and Reputation

A unique gaming identity has now been possible, all because of blockchain technology. Now you can easily build a reputation and profile linked to your crypto wallet. It will showcase your achievements, a fair play history, or even tournament wins. 

This cross-game identity can be used for guilds and team invites, esports verification, and personalized experiences that are based on player preferences. Similar to LinkedIn for professionals, blockchain wallets can become a gamer’s resume. 

Wrapping Up

From asset ownership to secure payments, and from transparent systems to play-to-earn economies, blockchain games are redefining an excellent means of play, building, and living in digital worlds. 

Throughout the blog post, you have come across all the vital information related to how blockchain is making the gaming industry more advanced from every gamer’s perspective. However, it’s not just a passing trend; it’s a foundation that is all set to occupy the next generation of interactive entertainment. 

Lastly, if you’re searching for the best company to develop a blockchain game, then connecting with Technoloader is an amazing option. Whether you’re likely to build new gaming experiences or designing P2E mechanics, connecting with us can turn your vision into a reality. 

So, what are you waiting for? Let’s connect with us and simplify your gaming experiences excellently!