You know about blockchain technology, right? But what does that have to do with games?
Let’s get started.
How do you play a blockchain game?
As part of their mechanics, blockchain games use different levels of decentralization. Through tokenization of games and smart contracts, they make it possible for digital items to be truly owned. Blockchain technology also makes it possible for games to work together, for players to run their own economies, and for games to be played to earn money.
Real Digital Ownership
Non Fungible Tokens (NFTs)
Distributed Assets Economy Driven by Exchange Players
NOTE: Don’t forget that key features don’t contradict each other. In fact, most features are linked to each other and may often appear together.
At first glance, it might not be clear that the things on the list are very new. Let’s look at an example to better understand what blockchain games bring to the table:
Everyone agrees that World of Warcraft is an extremely successful game. It has been at the top of the MMORPG food chain for a number of years. Every day, millions of users play it.
How do they operate?
Players devote countless hours to raiding, gold farming, and PvP activity. It requires considerable time and effort from both players and game developers. However, player activity is meaningless.
In contrast to blockchain games, players do not own the items they worked so hard to acquire. Activision-Blizzard is the case. Therefore, time spent playing has no tangible benefits. Unless you are a professional gamer who devotes your entire life to gaming.
Obviously, you can attempt to sell or purchase your character, in-game items, or gold on eBay in order to monetize the time you’ve spent playing.
In reality, it is neither legal nor safe. Game fraud is unquestionably a reality. Blizzard is consistently busy banning the accounts of those who attempt to profit from their game.
Imagine now that you could own your WoW digital assets. Imagine there was a secure way to sell, trade, exchange, or even “level up” your in-game items legally.
Would that not be cool?
It is easy to imagine how much more entertaining and inspiring that would be. While playing your favorite game, you can earn money to purchase groceries online. There is never a need to leave your home and confront the cruel world.
When it comes to the revolutionary potential of blockchain game development platform, however, this is merely the tip of the iceberg.
The benefits are evident for both players and developers. And so is the capability of blockchain to elevate gaming to the next level. But we’ll get to that shortly.
First, let’s examine the key characteristics of blockchain games.
Blockchain Games: Key Characteristics
For a long time, blockchain games have been synonymous with cryptocurrency-based video games. Games based on collectible items that can be traded or upgraded in the future.
Consider CryptoKitties and Huntercoin.
One could possibly question the value of these games. In fact, the entire premise revolves around collecting and reselling items for a profit.
As simple as these games may appear, they laid the groundwork for more sophisticated video game applications of blockchain technology.