With ubiquitous internet presence and soaring smartphone penetration, the global games industry is worth more than $300 billion. The collision of the two worlds of blockchain and games will further push the industry to unprecedented heights.
Blockchain games have also existed for a long time. Driven by the decentralization of smart contracts, blockchain is revolutionizing the world of online gaming. A paradigm shift is taking place, and the gaming world is moving away from paying to play and towards making money from games. By harnessing the power of blockchain decentralization, the gaming industry is transforming into a crypto gaming economy. CryptoKitties in 2017 was probably the hottest game at that time, but due to various reasons at that time, CryptoKitties quickly fell like a meteor. He failed to let many people really get in touch with and understand blockchain games.
As gamers have grown accustomed to the digital economy, the transition to blockchain has been smooth. By injecting blockchain into games, online gaming platforms are creating a trustless environment where strangers can circulate digital assets in the gaming environment.
Since the blockchain can solve the shortcomings of traditional game mechanisms such as opacity, insecure user information, and poor circulation of game assets, it has become a hot spot in modern Internet game development. At present, large domestic game developers such as Tencent Games and NetEase Games have entered the blockchain. The blockchain game field promotes the rapid development of the blockchain game industry.
Taking the UTONMOS blockchain game blockchain game "Spiritual Mind Unbounded: Originating from Mountains and Seas" as an example, blockchain games are decentralized, transparent, and recordable. That is to say, in a blockchain game, the ownership of virtual items is very clear, and written on an indelible blockchain—the blockchain is equivalent to a giant database, and all transactions can be recorded in it: who Who it was sold to, how much it was sold for, and what it was sold for - what should be yours is yours, with your ID on it.
The attribution of ownership is clarified, which makes digital assets truly have the potential to become "assets". In terms of games, your data in a blockchain game is really yours, not the operator's. , which is also the main concept of this type of game.
Giving birth to the crypto game economy
In the crypto game economy, in-game items are stored on a distributed ledger on top of the blockchain network framework. This structure allows for the creation of digital assets within the game and provides true ownership utility to their owners. Digital assets are owned by game players rather than game publishers, so they can be circulated and traded in an open digital market. Thus, players can capitalize on their time and earn fiat currency while playing the game. In blockchain-based games, all in-game circulation is secure and players have more control over their gaming experience. The crypto gaming ecosystem is beneficial for both players and online gaming platforms that can establish safe, cost-effective and revenue-generating models.
How does blockchain benefit the gaming industry?
Blockchain technology brings the integration of beneficial resources for gamers and game creators, and game publishers do not have to focus on extracting value from gamers, but create a reward structure for gamers and benefit from it. Therefore, blockchain decentralization solves the long-standing issues of security, sustainability, and top-down power structures in the gaming industry. The combination of crypto-assets and games has brought about a lot of investment in the industry. Thanks to lucrative game models and attractive fantasy scenarios, the gaming industry can add millions of new players to the ecosystem, creating a blockchain gaming economy where platforms and gamers can benefit equally.
Blockchain is blurring barriers and boundaries, driving the gaming industry toward decentralization. As blockchain technology continues to disrupt the gaming industry, more and more players and platforms are jumping on the crypto gaming bandwagon. The future of gaming is one where players can own decentralized assets, play anywhere in the world with anyone in the world, enjoy a higher level of security, and monetize their time and gaming expertise. The blockchain gaming economy has the potential to improve the gaming experience for players and provide new revenue streams for players and online gaming platforms.
Blockchain Reshape Game Ecology
In games, the relationship between developers and players will fundamentally change. Traditional games run on centralized servers. Developers formulate rules, and players try to break the rules. Developers and game players may form a consensus and form a community. When some nodes are delivered to KOLs in the game, game manufacturers Part of the interests of the game will be highly consistent with the meaning of the game community. Loyal players will spontaneously maintain the balance of the game, help developers acquire users, extend the life cycle of the game, and build the entire community together.
At present, the types of blockchain games are already diverse, from pet-raising games such as obsessed with cats to games such as racing cars and RPGs, and from explosive games that have swept the world.
What is certain is that the blockchain will provide more room for imagination and wider implementation paths for games in the future.