In the previous decade, gaming has been one of the most competitive and hypercharged businesses. A business, like bitcoin, is so alive that there is always a new trend to jump on. To avoid the continual FOMO trends, a few stakeholders have taken it a step further and integrated blockchain technology into the gaming business.
What exactly does this imply?
Soon, you could be able to make money from all of your video gaming time! Yes, there’s a good chance your next major buy will be backed by something you bought from a video game.
How do you do it?
Blockchain gaming is the answer. Users may now earn bitcoin while playing video games thanks to blockchain gaming. The gaming industry is expected to be fundamentally transformed by blockchain technology. This transition will have an influence on how video games are produced and maintained, as well as the user experience they provide.
If you, too, are a video game fanatic or have a lot of free time and want to make the most of it. This is the article for you. Come along with us.
WHAT IS BLOCKCHAIN GAMING ?
Before delving into what blockchain gaming entails, it’s critical to first grasp what a blockchain is. Even though the term is self-explanatory, envision a train track for the sake of clarification. Each of the wooden sleepers on the platform represents a block. A blockchain is a network of data blocks, similar to how a train track is made up of wooden sleepers. No one can tamper with the data in this chain since it is totally transparent to all of its users. You’d have to work on the entire chain to remove one block.
Players in a blockchain-based game might possess a fixed amount of items, which would be recorded in a shared ledger. These may be NFTs or non-fungible tokens.
Their ownership of assets will be altered like never before with the arrival of blockchain gaming. Players who are accustomed to owning assets that are inextricably linked to the game may now take them with them outside of it! This has resulted in some interesting changes in the sector. To put it another way, players may now store gaming stuff outside of the game and transmit anything to anybody. They don’t have to sprint, dance, or leap through fires to complete basic transactions.
ADVANTAGES OF BLOCKCHAIN GAMING
# Enhancement In Gaming Experience
The gaming business is quite international. It involves a million people and businesses. Integration with payment gateways at a high cost is an issue we should have solved long ago for such a large business. Such additional expenditures may be effectively removed with the use of blockchain technology in gaming. Not only does this make gaming more affordable, but it also improves the entire user experience.
# Enhancement In Gaming Security
From harmful cyberattacks to phishing efforts, the gaming industry has always been plagued by fraudulent practices and illegal actions. It is, without a doubt, one of the industry’s most urgent issues.
This comes as no surprise. Because online gaming generates a lot of money, it’s one of the most popular targets for hackers. These crimes can range from identity theft to account hacking and even the creation of false virtual assets. Players are constantly worried about getting scammed. Due to the blockchain’s integration, such illegal acts can be put on hold because the assets would be stored on the blockchain, which no one can alter.
# Decentralised Ownership
The ownership of virtual assets has sparked a number of cold wars between creators and users in the gaming industry. With the introduction of blockchain gaming, a revolution might be on the horizon.
Many believe that it is the players that spend hours upon hours on games that shape them into what they are. So it’ll be a relief for them to finally be able to possess the goods they won throughout their gaming session. The assets will be immutable owing to the blockchain’s characteristics.
To Get You Started, Here Are Some Promising Blockchain Gaming Options
Spinterlands is a deck-building game with collectible cards. It gives its users incentives in the form of NFT and bitcoin.
The game currently has the highest number of documented users for a blockchain-based game. There are 283,950 users on a daily basis. This number of users is much larger than that stated by most of the country’s exchange platforms.
2. Axie Infinity
In August 2021, Axis Infinity, a trade and combat game, claimed a one million user increase. It now serves more than 33 times the 30,000 customers it did in April. Axis is a game that allows users to breed, trade, nurture, and combat Axies. The game’s users are rewarded with AXS, Ethereum-based money.
What Does the Future of Blockchain Gaming Hold?
Several businesses utilize gaming as a reliable predictor of trends, consumer spending, and even technology. With the incorporation of blockchain into gaming, huge sums of real money are now on the line, and this might be a harbinger of things to come. Yes, these advancements are still entwined with the virtual gaming world, making it an ideal environment in which to test the first widespread use of blockchain.
But now that our virtual and actual worlds are colliding, gaming will be the place to be. Who knows where we’ll end up next?