In recent years, with the rapid development of the Internet, various high and new technologies have begun to enter people's field of vision. Among them, the cutting-edge technology led by blockchain has occupied half of the current market, and "blockchain +" has also begun Gradually penetrate into people's daily life.
To say which of the "blockchain +" is the most popular now, "blockchain + game" must be on the list. The encounter of blockchain technology and games brings broad prospects for the development of both aspects. Innovations in the budding aspects of blockchain games have pushed the limits of non-fungible assets, and are expected to continue to give innovative developments in other areas such as scalability.
Shilian.com understands that gamers are actually one of the earliest users of cryptocurrencies. This is because they are very familiar with the many virtual currency models in the game and can see the benefits of integrating a cryptocurrency network into the domain.
Currently, the e-sports industry is in a stage of rapid development, and it is only a matter of time before its rise is organically combined with cryptocurrency payment platforms and decentralized models.
Although the combination of games and blockchain shows great potential for development, many problems still need to be solved in order to make it mainstream.
What is the current situation of blockchain games?
When in-depth analysis of the current blockchain game market prospects, it is particularly easy to distinguish the fields into the benefits of the combination of the two, and the problems faced by its current and future application.
What are the benefits of blockchain games?
Blockchain provides gamers with tools for a variety of reasons, including decentralized asset exchange, verifiable scarcity of virtual objects and collectibles, fast, secure and reliable payment networks, and developers can properly use their The ability to monetize the work.
Additionally, there are some exciting innovations in blockchain scalability and asset creation in search of solutions to bring sustainable and interesting blockchain-based games.
Blockchain technology for games, and its most popular monetization method is the use of non-fungible assets. In the game, these assets can be anything, whether it starts from the appearance design of the game or the virtual card position of the designated game, it can show that it is rare. It is understood that the use of smart contract standards (such as the ERC-721 non-replaceable token standard) and the upgraded ERC-1155 reference implementation can ensure the authenticity and reliability of a single virtual commodity.
It is worth noting that one of the most common problems plaguing games is that there is no way to prove the source of specified virtual goods, which leads to frequent fraud. However, users using smart contracts can rest assured that because they are bound on the blockchain, they can receive real goods.
At the same time, exchanging such in-game items has become a lucrative field, with a total value of up to 50 billion US dollars according to statistics, and the scale of this field has the opportunity to expand in a short time. The in-game object space is not only highly profitable for traditional video games such as Call of Duty and Counter-Strike, but also for popular blockchain-based games such as Cryptokitties built on the blockchain. benefit.
It is understood that promoting the exchange of virtual in-game items and encrypted collectibles has always been the goal of famous platforms such as Wax, OpenSea and RareBits. These marketplaces act as decentralized trading hubs for non-fungible assets, giving users the freedom to interact in a P2P fashion, which in turn can take a buffer from the current centralized model.
It is worth noting that decentralized asset exchanges have great potential to eventually develop into lively markets in various industry sectors ranging from financial assets to blockchain-related physical assets.
It is understood that one of the most significant advantages of cryptocurrencies for games is their role as a fast, safe and reliable payment network. The payment superiority of cryptocurrencies is especially effective for e-sports, building native in-game tokens, and facilitating seamless transactions on decentralized exchange platforms. Platforms like OpenSea allow users to pay for virtual collectibles using ether, while other decentralized exchanges like Wax allow users to pay with native WAX tokens.
Additionally, platforms like Enjin allow developers to create fungible in-game currencies and assets as part of their unique ecosystem.
Properly monetizing game creations is a headache for many, many game producers. By giving direct creator-to-consumer opportunities, blockchain enables game developers to build and distribute their products without the need for very expensive intermediaries.
This also gives them complete control over the entire digital rights management process. Developers can go a step further by monetizing the game through unique in-game tokens or assets as part of the game design, and by utilizing smart contracts to complete fully automated payments to cryptocurrencies.
Even so, the blockchain is still in an early stage of development. If the blockchain game wants to occupy a larger share in the market, the blockchain game needs to make a greater breakthrough in the future.