Benefits of blockchain technology in games
Control of digital items and assets
Blockchain allows in-game items to be tokenized and turned into NFTs (Non-Fungible Tokens), digital assets with unique attributes. Thanks to the blockchain, gamers can truly own in-game items and not depend on developers: such items cannot be collected as Moreover, they can be transferred from one game to another, so the characters and equipment will belong only to the player, and not to the developers.
Creating a decentralized gaming market
Blockchain technology will help create a decentralized gaming market where players can trade their characters, in-game items, and assets. Trade in game artifacts is still widespread, but most often it is about selling an account, bypassing developers. Blockchain will allow players to sell digital items and assets, and developers to receive a share of the profits from such transactions (all that is needed is to write the appropriate conditions in the NFT code).
The appearance of the investment component
On the open market, the price of in-game assets will follow the law of supply and demand - that is, their value will rise or fall. As a result, owners of in-game assets will be able to earn on the growth of their value.
Creating a unified game multiverse
The development of blockchain gaming will allow developers to launch a single game multiverse where gamers can transfer characters and paraphernalia from one game world to another.
New ways to monetize for developers
Blockchain can expand monetization opportunities for game creators. Firstly, they will be able to receive a percentage of each transaction with in-game assets, and secondly, they will be able to earn on the growth of in-game currencies.
Decentralized game control
Blockchain allows the creation of decentralized NFT games in which control over changes in game mechanics is entirely in the hands of the community.
Blockchain will only be in demand in the gaming sector when it can prove its value to the industry. Fortunately, all the problems associated with the use of decentralized technologies in games seem to be solved. Compared to the traditional gaming sector, the blockchain gaming niche seems very small, but there are already hundreds of projects running on it, most of them are built on Ethereum, but the number of projects running on EOS, Enjin, IOST, Loom, NEO, ONT, TRON, VeChain, Wax and others is increasing. Games are more than just entertainment.