Today, the digital gaming industry is tilting towards decentralized gaming with the help of blockchain. Game developers used to hold all the cards while gamers followed their calls — but not anymore.
Players are more involved than ever before due to blockchain impact, and it isn’t just by playing. This switch has benefited digital gaming in quite a number of ways.
The following are some of the most profound impacts.
Bitcoin Casino Development
According to Michael Graw, the top sites on a comparison of crypto casinos allow users to place wagers using Bitcoin instead of traditional fiat currencies.
Individuals who aren’t familiar with blockchain technology might wonder what difference that makes; after all, you’re still making payments. But that take is inaccurate.
You see, blockchain technology solves some of the age-old problems associated with both traditional and online gambling with fiat currencies.
Firstly, the fact that the blockchain offers a decentralized, borderless platform accessible to anyone, regardless of their location, plays a vital role in digital gaming development. With traditional casinos, there’s the obvious physical distance barrier, while central authorities can easily restrict online casino gambling with fiat currencies.
In spite of this accessibility, the decentralization of all financial transactions between gamers and casinos guarantees the player’s optimal security. As a bonus, players also get to maintain their anonymity and privacy.
This improved sense of safety and accessibility has played a major role in the improvement of digital gaming in the past decade, as more people feel confident in the new and improved system.
Transparency and Fairness
The decentralization benefit offered by the blockchain also facilitates the development of secure and transparent systems across different forms of digital gaming. For example, adventure games that often involve in-game purchases of skins, weapons, etc., can reasonably prevent single points of failure, hacks, or breaches. In English, players can be sure that anything they purchase is safe and exact.
On the gambling front, casino gamblers have always entertained the fear of being swindled by live dealers or computer algorithm dealers. However, with blockchain technology, online casinos can provide fair and verifiable RNG systems that generate truly random outcomes to boost a player’s confidence and consequently improve winning chances.
New Gaming Economy and Earning Opportunities
As the gaming market booms with more players trusting the gaming systems, blockchain technology ensures they stay by providing strong earning opportunities. Playing to earn buzzwords became a reality because of blockchain. Players now have the opportunity to earn real-world value for the in-game assets they accumulate.
This opportunity is obviously very important because development thrives on finance. More importantly, digital games that tap into this potential are experiencing extreme player engagement levels.
The blockchain further fuels engagement levels by making interoperability possible. Interoperability translates to the possibility of using the same in-game items across different games. A while ago, any acquisitions were limited to their native games. However, so long as different games operate on the same blockchain network, these can be transferred across. This way, players can take true ownership of their game items. They could also sell them for real cash.
These new developments have created a new world economy around blockchain games.
Speed and Efficiencies
While these possibilities sound technical to implement, the decentralized nature of blockchain technology makes it super easy. For instance, transactions are quicker due to the absence of an intermediary between the buyer and seller of an in-game item. This also eliminates extra transaction costs, thus making the entire process fast and efficient.
The same can be said for other aspects of blockchain gaming, such as security checks, random number generation, and game outcome determination.
Better Gaming Experiences
The blockchain has unique features like smart contracts and decentralized autonomous organizations. These have immense use cases in many other industries, but developers are also seeing immense game development opportunities in them.
Smart contracts can execute critical operations like the earlier-discussed in-game asset management, transactions, and rule enforcement. Likewise, other games can build a decentralized game community with the DAO functionalities.
As such, these create new opportunities for innovative game design and even the emergence of evolved gaming genres.
Community Development
Considering all these benefits, it is clear that the blockchain’s decentralized nature ultimately serves as a glue, bringing all entities in the digital gaming space together. The opportunity to truly own and trade virtual assets brings more gamers together in the in-game asset marketplace. As a result, gamers develop a sense of community, especially around games that exist on the same blockchain network.
The blockchain also introduces the concepts of guilds and shared ownership. Consequently, gamers connect and collaborate to better manage their assets.
Conclusion
By providing better experiences, security, and transparency, the blockchain is ensuring an increased level of engagement from gamers across different genres.
As such, digital gaming is becoming more player-centric. Considering that gamers are the ones contributing the revenue, that seems only fair.