Is Blockchain Gaming the Next Big Thing in Mobile Gaming?
Blockchain mobile gaming?
In recent years, cryptocurrency has grown in popularity, and it seems that everyone wants to participate in this relatively new field. Blockchain technology has piqued the interest of many people in practically every industry, with gaming being the most impacted. The reason for this is that blockchain and the gaming community have a significant overlap. People that are interested in blockchain technology are also likely to like and play video games. NFTs’ popularity highlights this point, since many valuable and unusual NFTs are exchanged in video games.
Developers are likely to leverage blockchain to build user-optimized games that enable players to retain the assets they earn from the game, with blockchain positioned to play a crucial part in future financial technology. This essay looks at how blockchain gaming will evolve in the future and how gamers and developers may profit from the decentralized system.
So, what exactly are blockchain games?
In the game industry, blockchain has offered a new monetization channel. Unlike conventional games, where creators have exclusive control over all assets, blockchain games are decentralized, allowing players to own things, collectibles, and currencies. In-game objects are distributed among players rather than being stored on centralized servers, and users may do anything they wish with them. These things have a monetary worth, and players may exchange them in the game or elsewhere.
Until recently, digital bitcoin games were only available on PC, but that is rapidly changing. Blockchain may now be used in mobile game production because to advancements in mobile technology. However, owing to storage limits, blockchain gaming on smartphones is still in its infancy. The chain that validates blockchain transactions uses a lot of resources, and current mobile devices can’t handle it. However, as smartphone and tablet makers develop more capable devices, we anticipate to see more blockchain games on mobile.
Also Read 7 Steps To Take To Stay Healthy As A Gamer
Cryptocurrencies and non-fungible tokens are the two most significant features of blockchain gaming (NFTs). In-platform payments are made using cryptocurrencies like bitcoin and Ethereum. When players need to purchase in-game assets in order to progress through the game, they do so using bitcoin. This is particularly true in pay-to-win games, where players must pay for assets up front. The good news is that these assets appreciate in value over time, allowing players to sell them inside the game or outside for a profit.
Read more about how blockchain is affecting the gaming industry here: https://whimsygames.co/blog/what-is-blockchain-gaming-and-how-is-it-changing-the-industry/.
The advantages and disadvantages of blockchain gaming
The mobile gaming business has benefited immensely from blockchain technology. The following are some of the most important advantages and obstacles for players:
Increased ownership
When a player obtains a digital asset in a blockchain game, they get complete control of it. No one can take their asset away from them, and even if the game is closed, they may retain it and utilize it elsewhere.
Smart contracts control all transactions in blockchain-based games. These contracts are irreversible, and once the game is released, all smart contract assets are immediately transferred to the players’ accounts. Players that have true digital ownership may exchange rare commodities for profit or hold them to increase their worth.
Asset security is improved
Hackers will find it difficult to access critical user data and assets thanks to blockchain’s decentralization and data encryption safeguards. There are no servers for hackers to get into on a decentralized network, which increases the security of in-game assets. This has improved the working environment for game creators and entrepreneurs, leading to higher production.
Improved transparency
Traditional games are centralized and give the studio all power, but blockchain games are more transparent and enable users to participate in game development. When the game’s players choose to modify anything, the developer has no option but to make the modification.
Most blockchain games have implemented ‘governance’ tokens, which offer players decision-making authority. Players who get these tokens may vote on crucial topics, giving consumers a larger voice in how their favorite mobile games are managed.
Conclusion
Gaming has come a long way, and the future of the industry is expected to include blockchain technology as gamers desire more control over their favorite games and true ownership of the digital goods they gain. Decentralization is promoted by blockchain gaming, which enables players to own their assets, currencies, and programs. Get more information here: https://whimsygames.co/blog/what-is-blockchain-gaming-and-how-is-it-changing-the-industry/.
