Danny Sullivan
Blockchain has become something of an all-encompassing, industry-changing technology. With its decentralized, tamper-proof nature and its ability to store and transfer data securely, it has become a potent force for good and evil. But where will this blockchain game take us? As of this writing, the technology is still in its early days. However, with the industry being so new that no one knows how it’ll be used, the potential of blockchain games is virtually endless. With that in mind, this article will explore the possibility of BLOCKCHAIN GAMES NEWS and their usage in games, including competition management, digital rights management, and online marketplace design.
Blockchain could be used to create a virtual economy that is powered by a blockchain-based currency. This currency can be used to purchase items through game systems, and it can be traded like any other item. Using blockchain technology, players can become participants in the economic system built around the game. On top of that, online gaming systems will have a more powerful means of governing and enforcing player rights. For example, if one player destroys another’s character during gameplay, the overpowered character’s data is forever destroyed as well. The result is no longer possible for another player to use that character in another game session. In this way, the integrity of an online gaming environment is upheld by blockchain technology.
A blockchain-based marketplace can also be used to create virtual worlds populated with digital assets that can be purchased and sold through “smart contracts.” In this way, players will be incentivized to develop high-quality content for their games (such as screenshots, videos, or anything else they decide). They’ll also get paid directly from their wallets without waiting for transaction fees (paid mainly by third parties) at each step. Currently, there are many Bitcoin wallet services out there where you can store your digital assets online.
Shortly, we expect virtual worlds to be a powerful draw for video games. We see this as particularly true for games filled with collectibles (such as rare in-game items). Players will use blockchain technology to create an asset marketplace with digital curiosities that can be traded online. This virtual world will become a great source of in-game value — it’ll also render all third-party marketplace websites obsolete!
The blockchain revolution is taking gaming by storm. Virtual and physical gaming worlds are merging and combining into one seamless whole. The ability to trade items offline and on is becoming more accessible than ever before, making a win-win situation for both players and developers alike.
