How Is Blockchain Changing Gaming Platforms

The gaming industry is quickly evolving, and blockchain technology is one huge factor in that process. The introduction of new ways for players to own their digital assets and rewards, as well as a secure method of transactions through decentralized economies is transforming the gaming ecosystem rapidly.

Publishers and studios are actively exploring the ways of further integration of this tech into games, in ways that go beyond pure monetization. From fraud prevention to true ownership of assets, blockchain is currently paving the way for a more transparent and player-driven gaming experience.

A Fully Secure and Transparent Environment

One of the biggest advances made through the adoption of blockchain into certain niches of gaming is its ability to enhance the security and transparency of games. Traditional platforms still have to fight problems like cheating, hacked accounts, and manipulation of the game mechanics through generated outcomes. When introduced into the system, blockchain integration through smart contracts and completely immutable ledgers makes these problems virtually nonexistent.

One of the best examples of how this technology ensures fair play and protects the privacy of the players is the success story of the iGaming industry. An early adopter of the crypto world, this branch already displays reputable platforms like Discasino that provide fair gaming environments that can be implemented into any Discord server in a way that keeps the deposits and withdrawals secure through blockchain. These amazing innovations are at the forefront of the advancement of players’ trust in the gaming system. The transparency of blockchain ledgers guarantees fair play, but it also provides a layer of security for sensitive player information.

True Digital Ownership Through NFTs

In traditional gaming, you can have the newest skin or the hottest weapon, but you can never truly own them. Through NFTs, players are now capable of having complete ownership of their in-game digital assets. Further than that, these NFTs can be traded, sold, and transferred – not just inside games, but throughout the whole ecosystem of games that support them.

Gods Unchained, a popular card-battler game based on blockchain, is one such example. Immutable X, the studio behind the game, created a game in which players will collect and trade cards that are actually NFTs. In traditional games in this genre, players would be limited to in-game purchases, whereas in Gods Unchained, an organic marketplace with a real economy is created, thus enhancing player interaction and community.

Play-to-Earn Gaming Models

Why play just for fun when you can also earn through gaming? The Play-to-earn (P2E) model essentially provides players with an opportunity to earn cryptocurrencies by gaming. This is a concept that rewards the player for effort in a substantial way, but also incentivizes the economy of the game in a way not seen in traditional gaming.

Axie Infinity is probably the best-known example of the P2E model and one of the most successful. In this game, players can train, breed, and battle Axies, cute digital monsters. Through playing, they earn Smooth Love Potion Tokens which can then be exchanged for money. Some platforms like Gala Games go for a more hybrid model in order to balance sustainability in the long term. Their games are focused on the right ratio of traditional gaming with P2E elements while attempting to support blockchain economies inside the games themselves.

Introducing Decentralized Economies

Through blockchain integration, it is possible to create decentralized gaming economies, thus giving players more control over the currencies and assets. In traditional games, the developers would be the only ones with the power to devalue or inflate economies, but blockchain games operate on decentralized financial pillars. One such game is Illuvium, an open-world RPG. Illuvium features an economy where players can trade using DeFi platforms, giving them an autonomy unmatched by financial systems in traditional games with internal economies.

The Dawn of Interoperability

While the concept is still in its early stages, interoperability between games is probably the most exciting white whale of the Web3 gaming world. Basically, blockchain could allow players to transfer their assets across multiple games inside the ecosystem. Traditionally, every in-game asset would be confined to its assigned game. Blockchain introduces game devs with an option to connect and create a network of games with worlds that would be able to interact with each other.

Enjin is one such environment, a gaming ecosystem for blockchain titles that are fully interoperable. Enjin’s toolset allows developers to create NFTs that can not only be traded but also used as tools, weapons, and equipment between different games. These are the first steps on the road to a fully connected metaverse of games where players will be able to freely move from platform to platform.

Faster and Safer Independent Payment Options

Secure payment solutions inside games are something that was always appreciated, and with blockchain, those have reached a new level. Even big publishers like Ubisoft are integrating crypto into their systems. Their blockchain initiative, Ubisoft Quartz, is a way for players to purchase and trade NFT items from their games, all using cryptocurrencies. Aside from opening new avenues for revenue, this approach also ensures the security of transactions, increases their speed, and reduces the reliance on slower and more expensive payment processors.

The End of Cheaters

Cheating is one of the longest-running problems in the world of gaming, especially in the online multiplayer world. The issue greatly affects both the integrity of competitive games, but also chips away at players’ trust. With blockchain, those issues can be greatly alleviated. Mythical Games already utilizes decentralized identity verification which greatly reduces bot activity and ensures a fair environment for everyone. Not to mention that this almost completely prevents the possibility of account theft.

Closing Thoughts

As technology advances, we are sure to see even more seamless integration between the more “traditional” games and blockchain. The concept is already slowly revolutionizing the world of gaming, and it’s not impossible that we will soon enter an era where players have much greater control over the way they experience and interact with the world of blockchain gaming.