The most popular use of blockchain is a financial technology that improves security for global payments, mainly cryptocurrency investing. However, the finance industry isn’t the only one actively utilizing blockchain. One industry that actively embraces the technology is the gaming community.
Although many cryptocurrency users may be familiar with crypto gaming, where they can use their crypto and get crypto back from some games, the gaming industry went beyond just using blockchain for money transactions. Here’s how the gaming industry implements blockchain into its products.
Ownership of Rare Digital Assets
One of the most apparent implementations of blockchain in the gaming industry is the ownership of digital assets. Many games provide in-game items, like skins, weapons, virtual buildings, and more. However, most of the time, they have no real-life value.
By implementing blockchain, developers allow players to own their in-game items truly. The technology enables decentralized ownership, and players can tokenize their digital items using NFTs (non-fungible tokens). This means players’ digital assets will have real-life value, which they can sell, trade, or move across games and platforms.
Video games aren’t the only ones with rare digital assets; online casinos have also embraced this trend. The number of crypto casinos is steadily rising as digitized currencies allow faster withdrawal. However, some casinos also offer in-game tokens like the Bitcasino token.
Bitcasino is an online crypto casino that allows users to bet using the crypto of their choice. It accepts major cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Ripple. The casino has its exclusive Bitcasino token (BCSN), which works similarly to other cryptocurrencies.
Users can trade, buy, and sell the Bitcasino token for other cryptocurrencies, depending on its current market value. The Bitcasino token works under the Bitcoin Smart Chain, and users will find multiple platforms to buy and sell their Bitcasino tokens.
Decentralized Platform
Besides allowing users to have items with real-life values, games with blockchain enable users to create unique in-game items. The technology allows users to have a one-of-a-kind item that they can monetize or simply keep to gain a unique personal identity.
Through these decentralized platforms, users can directly trade assets with other players. They have higher control over the game’s direction or development, allowing developers to provide player-driven content with diversity.
Improved Security
As games with blockchain tend to provide ways for players to make purchases or earn money through their assets, the platforms utilize the technology to enhance their security. All transactions and in-game activities are recorded on a decentralized ledger.
The technology protects players from fraud and cheating, giving them more reliability and fair play. Thus, players can easily confirm the authenticity of each asset they buy. Games with blockchain technology usually automate reward systems, ensuring fair and prompt progress.
Interoperability
Blockchain makes it easy for players to use their assets cross-game. The standardization of tokens allows players to access their assets across multiple games.
This quality helps enhance the value of their digital assets and allows developers to work together to make more innovative games. As players can transfer their characters, weapons, achievements, and other in-game items to other games, developers can seamlessly enhance their players’ gaming experience.
The Future of Blockchain Gaming
Blockchain implementation is still relatively early, with much room for improvement and innovation. With the rapid development of technologies, developers will have more creative ways to use blockchain to present a new kind of gaming. Players will likely see more gaming products operating using blockchain.
However, developers must overcome several challenges before blockchain gaming becomes mainstream. First, creating games that operate using blockchain technology isn’t easy. It requires expertise that’s still challenging for many developers. Due to the complexity, productions tend to be costly, making it hard for developers to provide variety to players.
Still, the future of blockchain gaming looks positive. Players can expect more variations and thrilling updates.