Can Blockchain reshape the digital gaming experience in a way that will benefit both game developers and players?
Can Blockchain be incorporated into existing game genres and titles by game developers?
Over the past ten years, the gaming industry has seen a lot of innovation, such as the widespread adoption of microtransactions and advancements in virtual and augmented reality.
Gaming is not an exception to the trend of Blockchain becoming a foundation for current and future development.
William WU, the CEO of Catheon Gaming, is a young, dynamic business person that quickly became a leader in the blockchain gaming industry.
His main goal is to make a decentralized gaming environment that engages clients and engineers the same, empowering them to profit from blockchain innovation’s immutability, security, and transparency.
Let’s learn everything with William WU about how Blockchain will transform the gaming industry:
What exactly is the Blockchain?
If you’ve heard of cryptocurrency, you probably have heard of Blockchain. In easy terms, the Blockchain is essentially a conveyed record framework that stores and keeps up with every one of the exchanges and records of specific digital money.
These records are referred to as blocks, and they are chained together to create a secure data line that is extremely difficult to change. Also, for this reason, this structure is called a “blockchain.”
The current state of the gaming industry
Most online games use a centralized model. This indicates that the game administrators have complete control over the server where all relevant data is stored.
The data typically consists of account information and the server history, which stores and records all events and in-game assets that players have collected. Players do not own their accounts or items because a single company owns the database. To put it another way, the game companies hold power.
What advantages does Blockchain offer the gaming industry?
Let’s put an eye on some of the ways that blockchain technology is affecting the gaming industry right now:
Asset ownership
Any asset can be linked to blockchain tokens that are managed by a distributed network. In most cases, an individual, non-fungible token (NFT) like the ERC-721 tokens is used to represent each asset. One of the most common NFT applications in the present day is asset ownership, which Blockchain can streamline and secure.
Transparency
Within games, game developers can develop economically independent systems. Given the structure’s decentralized nature, a degree of transparency would be an additional advantage.
Giving power back to the people
Making the gaming industry more democratic by incorporating blockchain technology, giving people back control. Developers can make decisions that players find appealing by introducing voting rights proportional to token count.
Streamlining payments
Last but not least, games can cut costs and time spent on transactions by utilizing the Blockchain rather than centralized servers.
Limitations of the Blockchain in gaming
It is easier to say than do to build and maintain a game on the Blockchain. Let’s also discuss some drawbacks of using Blockchain in games:
Scalability
Because centralized networks typically operate much faster than blockchains, scalability is one of the most significant limitations of Blockchain.
Demand
Because developers face scalability issues, demand for blockchain games is significantly lower than for traditional games.
Centralization
Decentralization is not always present in blockchain games. To distribute tokens, some games use a centralized server.
Maintenance
Maintenance developers frequently face financial challenges when it comes to keeping a blockchain game running smoothly.
Resources
Because of little gatherings, blockchain game designers find it trying to rival prominent unified game engineers.
NFTs as in-game collectibles
One of the main ways NFTs have been applied and coordinated into computer games is by making in-game collectibles NFTs. As a result, each collectible in a specific video game can now be traded, purchased, and sold in the real world. Because of this, non-fungible items are even more unique, adding a layer of gameplay for gamers who enjoy collecting in their games.
Abilities, skills, and special moves as NFTs
NFTs can also be included in video games to buy your favorite characters’ skills, abilities, or special moves. Given that in-game abilities are an essential component of any video game’s gameplay, adding such a mechanic will increase the diversity of the NFT gaming space.
Players can truly own their in-game assets in blockchain gaming:
A benefit of Blockchain in gaming is that players own their support, unlike the current situation in which you do not own your in-game purchases. Using smart contracts to regulate game-specific transactions sets a blockchain-based game apart.
The outcome of intelligent contracts is irreversible because they are executed automatically upon the fulfillment of conditions written into them. All in-game assets players purchased using smart contracts are transferred to their public addresses when a blockchain-powered game is launched.
Additionally, smart contracts permit total transparency and allow each player to view the rules.
The outcomes of smart contract execution are recorded in an immutable decentralized blockchain. Since a centralized agent cannot change the public address at which the assets are stored, no one can change who owns the in-game assets.
Blockchain gaming provides developers with new opportunities:
You’re a talented developer with a great idea for a great game app but no gaming industry experience. Experience is precious to centralized gaming companies operating in a highly competitive environment. Before you get hired by a gaming company to work on your killer game, you probably have to wait a while.
Closing Thoughts
William Wu led the exciting and rapidly developing field of blockchain gaming known as Catheon Gaming. William Wu anticipates that as the industry grows, more games and platforms will use blockchain technology. This will give gamers more control over and value for their virtual assets and give developers more room for creativity and innovation.
Blockchain has the potential to reshape the gaming industry as we know it and end a small number of game publishers’ and developers’ monopoly.
Online gamers typically prioritize digital items offered as in-game tokens over conventional purchases that do not provide a distinct value proposition. In the future, we can anticipate a gaming environment that is more open, secure, and democratic, although the widespread application of blockchain technology in gaming may take a few more years.