Blockchain in Gaming – Future of Gaming

Blockchain in gaming is a concept that is gaining some traction.

Blockchain as we know it first became popular with bitcoins, the first cryptocurrency. However, blockchain is not limited to just cryptocurrency, rather it has been applied in several different industries like healthcare, gaming, Fintech, and so on.

It goes without saying that, the United States of America already loves cryptocurrency. As such 16% of Americans have invested in cryptocurrency. And it is predicted that through blockchain, financial institutions can save up to $12 billion every year.

But today, we are going to focus on Blockchain in gaming. As per DappRadar x BGA Games report, Blockchain gaming has grown 2000%  since 2021. This amounted to 51% growth in Blockchain in general.

Needless to say, this sudden growth has attracted a lot of businesses as well as common people from across the world. There are many who want to learn more about the same. And in this blog, we shall be discussing each and everything one would want to know about Blockchain app development in gaming.

Therefore, with this being said, let’s get right into it:

What is Blockchain?

First things first, what is Blockchain development?

Well, there are still a lot of people who are unfamiliar with the concept of Blockchain as it is still not a common practice yet.

However, opposite to what many assume, Blockchain isn’t a confusing concept. In simple words, it is a decentralized, distributed digital ledger. And due to the “blocks” in this ledger which can only be modified at once, the data is highly secure.

This is what makes maintaining records so much easier. As such, it can also be used to make secure transactions. But these aren’t the only application of the technology. In fact, Blockchain app development has become a very popular technology in gaming.

As such, it is used in core development as well as by players in NFT-related operations.  Speaking of Blockchain in Gaming, we shall be discussing the working of the same in the next section of the blog.

Blockchain in Gaming: How Does It Work?

Every one of us has played games, whether you talk about mobile apps, PCs, or gaming stations like Xbox, PlayStation, Nintendo, and so on. If you back as much as, 10 years, you had to buy a game and that’s it.

After this, you can enjoy it and play it for free as long as the CD exists. Nevertheless, fast forward to today, games have evolved a lot. And they have a lot of in-app purchases and a lot of premium features that you have to buy.

This is one of the reasons why Cryptocurrency is growing so popular in the Gaming Industry. Being cryptic currency, it allows players to make fast, safe, and secure transactions, just like an eWallet app development.

Moreover, it allows gamers to leave behind the traditional system and move a step forward. Speaking of cryptocurrency, there are many like Bitcoins and Ethereum that are widely accepted.

You can use the same to buy new skins in Fortnight, COD, get power-ups, unlock premium areas, and so on.

Moving on, the players can also earn rewards or tokens in form of crypto with Blockchain integration. This is the general way in which Blockchain in gaming works. And with this out of the way, we can move to the next section of the blog, where we shall be discussing various use cases of Blockchain in Gaming.

Applications of Blockchain Development in Gaming

Blockchain in gaming industry can be seen in various forms. And in this section of the blog, we shall be looking at the same.

These are, as mentioned below:

• NFT’s

Well, well, there is no one who hasn’t heard of NFTs. It is one of the most popular financial concepts today.

The term NFT itself stands for non-fungible tokens. These tokens can be traded or/and used to buy characters, memes, videos, etc in Blockchain games.

As such, these non-fungible tokens have become a method for gamers or players to own digital possessions in a real-world sense.

Consequently, the owners have way more control over the same items. And it is also one of the easier things to sell or buy since there is no need for an intermediary.

• Play & Earn – Blockchain Games

Blockchain is big and there is no denying it. With its introduction in mobile app development, many things changed.

Following the fusion, another new genre of gaming appeared which can be to be known as “Crypto-Games.”

Now, as one might guess, these games are considerably different from traditional games. Well, these games allow gamers to earn cryptocurrency as a form of reward, which can be used like any other digital currency.

And this digital currency can also be converted into real-world money if need be.

• Gaming Event

In recent years the global gaming industry has evolved greatly. And one of the most exciting events related to this is Virtual events and tournaments.

Over the years, they have become a big part of gaming culture. Now, there is a lot that goes behind organizing such events including team management, prize pool organization, finalizing the event venue, and so on.

As exciting as it might sound, there are a lot of challenges that organizers face. These mainly come in form of ticket pricing, high participation cost, and overall cyber security of the event. If this wasn’t even, gamers often complain that there is no way to cross-check the rewards.

However, there is one solution to all these problems, Blockchain technology. As we already know, Blockchain is one of the most secure ways of transferring information or data. And it comes with the inherent ability to track and verify won rewards.

The best part is since the technology is completely decentralized, there is no one controlling or monitoring it, giving you complete security. This makes Organizing events a lot easier and much more digitally secure for everyone.

Examples of Blockchain Games

Well, Blockchain has been around for a considerable time. And during this time, it has been used to develop a number of mobile games.

Therefore, in this section of the blog, we shall be looking at some of the fastest growing crypto games. These are, as mentioned below:

• CryptoKitties

CryptoKitties is one of the most popular examples of Blockchain in gaming. It was launched back in the year 2017. And It is regarded to be one of the first attempts at integrating Blockchain technology into gaming,.

Based on the popular cryptocurrency Ethereum, is one that is particularly popular in the market.

Here is how the game works: you have to nurture new generations of kittens and if they have unique traits, the value will be maximum. Personality itself depends on the genes of various traits that influence fur patterns, eyes, mouth shape, colors, and so on.

Then gamers can trade the cats in an online marketplace. This way they can earn NFTs.

• Gods Unchained

This one isn’t like your regular game. Rather, it is a collectible card game that is again based on Ethereum.

Here, the said cryptocurrency is used for tracking ownership of cards. Speaking of cards, they are digital assets in the game and hence can not be duplicated or modified without the owner’s permission.

Consequently, each card is unique.

Moving on, due to the Blockchain technology integration, the cards can be traded between gamers on a marketplace. Needless to say, this is all of it is hacker proof.

• The Last Will

The last will is not the last game on the list. Rather, it is one of the most popular Blockchain games out there.

This game allows players to pass down their digital assets to others. Again, they are Ethereum based and allow players to make a will, as reflected in the name itself.

In addition, gamers can also assign trusts and executors.

• FIFAcoins4sale

Well, if you are into video games or Football for that matter, there are high chances you have heard the name “FIFA”. This is a very popular football game, to say the least.

Now, FIFAcoins4sale isn’t exactly a game. Rather, it is an e-commerce store on which gamers can buy and sell FIFA in-game items.

Since the whole platform is based on Blockchain, the entire site is decentralized.

These are some popular examples of Blockchain games. With this, let’s see how Blockchain in gaming affects the industry in the next section of the blog.

Effect of Blockchain in Gaming

Cryptocurrency app development has helped many industries including gaming. Here, we will b be looking at several ways in which the gaming industry has been affected by the rise and integration of Blockchain into the same.

Therefore, with this being said, let’s get right into it:

1. Open and Secure Transactions

When it comes to transparent and secure transactions, there is nothing that compares to Blockchain.

It is fast, it is the most secure technology that cannot be hacked or tangled with in any form. This makes it fraud-proof. And the parties involved have complete transparency.

Now, fraud cases were increasing day by day. And the gamers were facing several problems regarding sharing of digital assets and data i.e. NFT. Blockchain technology removes all of those problems.

2. Spotless Security

Well, well, financial transfers aren’t the only function of Blockchain. Rather, it can also be used for secure messaging as well as Two-Factor Authentication.

Through functionalities like these, the technologies are used to protect important game data, sensitive information of players, transactions, and so on.

This is yet another reason for you to hire dedicated developers and develop your own Blockchain-based games.

Read the blog- Complete Guide of Cryptocurrency Wallet Development in 2022

3. Trade Assets

Recently, games have integrated digital assets into them. Players can trade, buy, or sell items. This can be anything from characters, resources, data, or anything.

Now, due to the cyber risks and threats, all trading activities became very risky. For that reason, Blockchain was integrated.

Through these technologies, the said asset cannot be stolen, duplicated, or mangled. Consequently, making the whole trading process much safer, simpler, and faster.

This is one of the big effects on the gaming industry.

4. Get Reward

As we read in the blog before, gamers have been earning cryptocurrency by playing games in form of rewards.

Now, there are various ways that you can do it, by side quests, special missions, lucky draws, and so on. But that is not the point, the main point is, that it is enabled through Blockchain.

This is the reason why more and more game app development company wants to hire cryptocurrency app developers.

5. Better User Experience

There are several benefits as well as the effect of Blockchain in gaming. However, one of the largest effects is that it improves the overall user experience.

This is done by making the whole process much more secure and fraud-free.

Therefore, there are several benefits that you get with the integration of Blockchain in gaming applications.

Conclusion

Blockchain gaming applications are growing more and more popular with time. However, it is still a growing industry. And there is still much potential yet to appear.

Nevertheless, if you want to develop your own Blockchain-based game, it is highly recommended that you consult a market-leading Blockchain App Development Company.

FAQ

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.