Blockchain is a transformative technology that aims to change computer gaming by giving players 100% ownership of in-game items, security, and play-to-earn opportunities using assets across multiple games. Now, many new web3 gaming companies have popped up, and old ones, like Ubisoft, are investing, which they firmly believe the future of gaming is becoming more decentralized and player-driven.
1. True Ownership of In-Game Items
What’s the difference? For once, traditional gaming doesn’t let players own their in-game purchases; skins, weapons, or characters are stored on centralized servers controlled by developers, meaning they can be lost if the game shuts down or the player’s account is banned. Blockchain solves this by turning in-game assets into NFTs (non-fungible tokens), allowing players to buy, sell, and trade their items freely outside the game. Immutable, the company behind Gods Unchained, enables players to own and trade digital cards. Axie Infinity, developed by Sky Mavis, introduced a play-to-earn model where players can breed and battle Axies that hold real-world value.
2. Better Security and Fair Gameplay
Hacking and cheating are common issues in online games; for example, somebody can exploit centralized servers. But here comes a solution: blockchain. Blockchain enhances security by storing game data on a decentralized network, making it nearly impossible to alter or hack.
Some of this technology is Immutable X, which provides gas-free and tamper-proof NFT transactions, securing each in-game trading for blockchain-based games.
3. Play-to-Earn Gaming
Blockchain technology introduced Play-to-Earn (P2E) to gaming, where players can earn cryptocurrency or NFTs that they can eventually trade for real money through different crypto exchanges or, better yet, person-to-person transactions.
The most popular Web3 game is Axie Infinity, which allows players to earn Smooth Love Potion (SLP) by PVP; then, we have The Sandbox, which enables users to monetize virtual land and assets using SAND tokens. Gala Games rewards players with cryptocurrency by just playing their games. Illuvium lets players capture and sell rare creatures as NFTs, while Ubisoft’s Champions Tactics offers NFT-based characters that you can trade.
4. Using Game Items Across Multiple Games
Blockchain allows interoperability, meaning players can use assets across multiple games and platforms.
Enjin is developing a universal NFT standard for asset transfer between web 3 games. Gala Games is creating systems for players to trade digital assets across different game experiences.
5. Companies Driving Blockchain Gaming
Several companies are shaping the future of gaming. Immutable is developing secure blockchain-based games and platforms. Sovrun (formerly BreederDAO) focuses on creating and optimizing NFT gaming assets for virtual economies.
6. Decentralized Gaming
Blockchain enables players to participate in governance and vote on game updates, rules, and policies. Ensuring that gaming communities are player-driven and have fair game economies this technology makes gaming more secure, transparent, and rewarding, offering players ownership, financial opportunities, and greater control over their digital assets.
