The gaming industry is a mega-dollar global industry showing no signs of slowing down with the introduction of blockchain gaming.
Blockchain gaming is disrupting this industry, attracting 140 percent more players in Q3 2021 than in Q2 2021.
The item used in the game can then be shared with others, traded on a virtual currency marketplace, or used in a different game environment.
It’s easy to get confused when attempting to understand blockchain gaming because it comprises many aspects.
However, in this article, we’ll go over how blockchain gaming works.
What Is Blockchain Gaming?
Blockchain gaming is a game that uses actual item ownership from the same technology that powers cryptocurrencies like Bitcoin and Ethereum.
It is a game-changing innovation for players who previously accepted that their items would be stuck in games indefinitely.
Typically, players are used to wall gardens that prevent them from freely moving assets in and out.
To players who have been staring up at these Attack On Titan-sized walls, waiting for something to shake up their world, Blockchain acts more like a battering ram or the Kool-Aid man.
Without the titans, these new systems bring exciting developments. Blockchain gaming allows players to verify the rarity of their items and send anything to anyone.
How Does Blockchain Gaming Work?
In traditional games, you purchase the game and then play it. You find and discover weapons and other items within the game as you play.
Then, you use this gear to fight, defend yourself, and so on. You can only use items in these game worlds in their respective worlds.
On the surface, they function similarly to traditional games. While playing the game, you find and discover items, weapons, and gear that you use or equip.
The main difference between them and their traditional counterparts is that the assets exist outside the game.
When you exit the game or stop playing entirely, you can use the items used, such as a sword or shield in another game, convert them, or sell them on the open market.
For example, in another game, a sword or a shield is on an external market or converted into cryptocurrency. Each item is unique and transferable, thanks to Blockchain.
Blockchain enables the creation of items and the storage of their data. The asset’s creator then submits this data to the Blockchain.
Anyone with some knowledge of publishing this information to the smart contract can do it.
Now that we know this blockchain asset exists and there are 100 golden shields, the person who owns them can give them away by transferring them to the Blockchain.
3 Examples of Blockchain Gaming
Enjin is a blockchain gaming pioneer who recently released a collectible blockchain item.
They sent it out to Telegram users and some community fans ahead of the game’s release.
As a result, you can own assets before participating in any game and store them on your Ethereum address.
Enjin has a cryptocurrency wallet that shows you what items you own with pictures. It’s a great way to showcase your assets.
2. Forgotten Artifacts game
When the developers released this game (like Diablo), they included Ethereum addresses and the Enjin Wallet.
So, if you had an Enjin in your Enjin Wallet, you could choose it from your inventory when playing Forgotten Artefacts, even though it was from a different game.
In this game, you can also fight monsters with the wooden sword from Minecraft.
3. AXIE Infinity
Axie Infinity is an anime game that uses non-fungible tokens. As a result, each AXIE is distinct and can have its appearance, name, stats, etc.
Each AXIE has a basic appearance at first, but players can customize it to their liking. They can even form different units and compete against one another in Arena battles.
So, if Alex1330 owns an AXIE and configures it, he can use it in other games.
For example, in a blockchain first-person shooter, you can choose an AXIE from your inventory while playing the game.
Why Blockchain Gaming Is the Future?
Many gamers in the Philippines earn more than their monthly salary simply by playing Axie Infinity.
In the United States, public blockchains are highly unstructured and accessible to anyone. Do you have a cell phone and internet access?
This isn’t the case in today’s secure information infrastructure, especially if you don’t live in the United States.
We can expect more people to play crypto- and blockchain-based games as smartphone penetration with the advancement of 4G and 5G technology.
Public blockchains are protocols that are open to the general public, and one is offloading a significant portion of their operating and capital expenditures to the public Blockchain.
Ethereum is a protocol that is entirely free to use. Anyone can create games on Ethereum. Because blockchain systems are open and stateless, anyone can build on them.
This suggests that You should expect blockchain games built on layer-one blockchains such as Solana, Ethereum, Cosmos, and others in the future.
As a Player, you will be able to switch between games quickly and easily, bringing your resources, such as NFTs, in the form of skins, avatars, or weapons.
As a result, users will be able to profit from trading their NFT assets, or they may wish to develop NFTs. To participate, you do not need to own a gaming platform.
Blockchain gaming would be the next big game with an open and accessible marketplace among gamers and cryptocurrency flow.
While there may be some bumps and stumbles along the way, the future of blockchain gaming is generally bright.