The Benefits of Developing Games on the Blockchain
Gaming is seeing a slow but steady rise in blockchain or crypto games. Game creators and development companies welcome and integrate this technology into their creations. These unique games run on a blockchain, the same technology behind digital currencies. This leads to decentralization, giving individuals the power to manage their own money, software, and undertakings.
Even though the crypto kitties game got a lot of attention, blockchain gaming has yet to fully grow, which means there’s space for fresh ideas. Nonetheless, various advantages to these block chain game development services attract players, a few of which will be explored below.
Gaming and Blockchain: A Brief Look
Imagine a chain of data blocks connected to a network. What’s special is that it can’t be changed or moved once something’s recorded. And guess what? Everyone can see what’s going on. This setup is a great way to track everything happening on the network. When we talk about blockchain gaming, we mean games made using frameworks connected to blockchain or games that use blockchain technology somehow.
Not too long ago, blockchain gaming started from scratch, and now it’s worth 3 billion USD in 2021. Experts predict that by 2025, this number will jump to 39.7 billion USD. Bringing together the worlds of blockchain and gaming has created new opportunities for the gaming industry.
The Benefits of Blockchain on the Gaming Sector
1. A Protected and Reliable Space for Game Makers and Business Owners
Blockchain systems employ robust data protection methods like private-public key pairings to secure crypto token transactions. The encryption methods in place right now are incredibly tough to breach, which keeps things secure. What’s more, decentralized blockchain networks can’t be taken down by hackers easily since there isn’t just one server for them to target.
2. Cost Effective Payment Handling
Gaming is a global affair, with players participating from various corners. In the usual online gaming setup, players must bear hefty charges to enjoy the online experience. Moreover, although players can use traditional currencies, the process tends to be expensive.
The problem of speedy asset transfer without waiting days for payment processing needs solving. This is where blockchain technology enables instantaneous global transactions with no barriers. Thanks to blockchain gamers can ditch their bank cards. Irrespective of the transaction’s size, blockchain introduces a decentralized method. This means that scammers have no chance to steal data or manipulate transactions.
3. Real Ownership of Gaming Assets
Thanks to Blockchain tech, players can genuinely own their in-game belongings. This differs entirely from old-school games, where creators might purposely remove these items by mistake. Plus, a few of these items can be super expensive, benefiting those who engage in these games. Take, for example, the Calypso planet—Entropia Universe, which was snagged for a cool $6 million.
Moreover, gamers can transform into investors by trading in-game stuff on various Blockchain platforms, receiving different digital currencies in return. This way, gamers who want to turn their passion into earnings can join the Blockchain gaming craze.
4. Reducing Fraudulent Actions
Online scams hit the gaming world the hardest. Cybercriminals are getting better at capitalizing on digital weaknesses.
As a result, the industry is always looking for strategies that can shield its earnings. Blockchain can eliminate any opportunities for deceitful activities, leading to billions in savings. If you’re developing a blockchain-based game, make sure your smart contracts are well-crafted. Maintaining a fully transparent record of all transactions also goes a long way in curbing fraud within blockchain gaming.
5. Cutting Down the Cost of Game Elements
The steep cost of gaming components can restrict the pool of potential customers for game creators. The expense often pushes gamers to seek out unlawfully obtained game items online.
But here’s where blockchain steps in with its advantage of economical micro-transactions. This lets developers vend their boosts and enhancements at budget-friendly rates without compromising earnings. Additionally, players gain the ability to manage the extent of their spending as they engage in online gaming.
6. Protecting and Safeguarding Game Item Storage
In the eyes of hackers, centralized servers are their playground — why? Because these servers are like easy targets, sitting ducks just waiting to be compromised. Once they crack the encryption, they can claim all the valuables within.
Yet, blockchain technology offers a way out. Players who buy digital treasures in blockchain-powered games can securely stow away their collectibles within their crypto wallets. Take the Enjin Coin site, for instance. It showcases an Enjin wallet for players, providing them a safe haven to keep their digital altcoins and their in-game treasures.
7. Enhances Developers’ Creative Space
Game creators are free to explore a vast array of possibilities for the elements their games would encompass
- They must devise innovative plots and extensions of these narratives to sustain player engagement.
- Invest ample thought into game visuals and mechanics to captivate the gaming audience.
- Create a seamless implementation of in-game pursuits like small challenges, adventures, and enigmas that gamers can immerse in.
In essence, blockchain-powered games amplify the creativity of game developers, fostering a realm of limitless imaginative potential.
8. Developers Feel a Sense of Accomplishment
The emotion accompanying the establishment of a working universe or the game’s world-building:
- Where you and your team have control over the name of the world, the name of the monetary unit, and the name that players answer to.
- Players like how the game is set up and look forward to getting into your stories.
All of these would make anyone feel like they had done something good.
9. Profits and Gains
Typically, game creators derive profits from their developed games. The extent of potential earnings isn’t unfamiliar to anyone.
For blockchain game developers, greater earnings can result if the game’s token succeeds in the market. Additional means of reaping benefits from blockchain games encompass in-game NFTs, game tokens, and in-game transactions.
Conclusion: Join Hands for Blockchain-Powered Innovations
Undoubtedly, blockchain is a potent force that can revamp the foundation of various gaming sectors. Furthermore, it creates numerous fresh prospects and ways of conducting clear-cut and persistently digital business. With the population of users going up every year there is more demand for products that use blockchain.
