Blockchain technology is rightly associated with cryptocurrencies. Yes, the technology was first noticed with the emergence of Bitcoin. But that was just the beginning. Over the years, Blockchain has continued to evolve and make itself felt in many industries and has become the most secure technology for managing critical data and facilitating transactions. Starting from banks and financial institutions, Blockchain has been adopted by different industries including retail, real estate, manufacturing, healthcare, and many more.
Now, Blockchain also plays a decisive role for gambling applications. How decentralized database technology can influence a robust development process across game projects. That’s why we’re here to explain how blockchain-based game development will shape the future of mobile gaming. But let’s spare a few words on the basics of Blockchain.
What is Blockchain exactly?
Blockchain refers to the chain of decentralized data blocks allowing access based on mutual agreement. Blockchain to protect data uses high-level encryption technology called cryptography.
Blockchain provides impenetrable data security as it does not allow data to be deleted, altered or tampered with, and Blockchain logs all entries as separate data accessible through historical reports. Blockchain’s “Write Only” protocol makes it a completely tamper-proof technology.
What is a blockchain-based game?
As we all know, Blockchain facilitates easier digital transactions. Similarly, Blockchain has entered game application projects to facilitate in-game transactions and manage game data for development tasks. Thanks to Blockchain-based games, developers can no longer enjoy centralized control over game projects and their attributes.
The game assets of a Blockchain-based game application are stored in a decentralized way on several servers. Blockchain-based games also enable decentralized transaction methods such as cryptocurrencies and non-fungible tokens (NFTs).
How lethal is the combination of Blockchain and games?
There are many ways Blockchain technology is pushing innovations in the game development industry. Below, we provide some crucial and definitive ways Blockchain is changing game development in ways never before seen.
- Players have more control over the ultimate gaming experience as they can access game assets and virtual resources from multiple sources on the web.
- Blockchain-based games have brought decentralized monetary models such as “play to win” into gaming projects. This opened up the possibility of sharing profits with players.
- For gamers, Blockchain has made acquiring virtual game resources such as game themes, currencies or virtual game pieces, etc. much more accessible through non-fungible tokens or NFT technology.
- With its highly secure and tamper-proof database technology, Blockchain is increasingly being used for in-game transactions. This is likely to increase gaming app revenue based on in-app purchases for monetization.
- Blockchain is creating a new gaming ecosystem based on a win-win principle with privileges for players to earn money by playing and a secure, profitable and transaction-friendly gaming environment for developers.
Three key trends in blockchain-based game development
Now that we have already explained how Blockchain brings a new range of promise to game developers and gamers, it is essential to examine the evolving trends in the development of games enhanced by Blockchain technology. Here we would like to explain three critical trends in Blockchain-based game development.
Another significant trend exposed to Blockchain innovations is social gaming or gaming apps that enable social media interactions for a more collaborative and engaging gaming experience. The community-based gaming experience, which is crucial for many game projects such as fantasy sports app development can now provide a simpler gaming experience thanks to Blockchain.
Now players collaborating in real time can create innovative game characters and assets of their preferences, and Blockchain will make it easier to manage, store and access these game characters and virtual assets according to specific requirements. Blockchain-based social gaming networks exist to create, collaborate, and deliver personalized gaming experiences.
Open web games
Open Web Games have grown tremendously in recent years due to the increasing involvement of players in shaping the gaming experience. As we have already explained, developers are no longer the sole owners of the games that can decide on all aspects of the game project.
Open web games allow players to access game assets through multiple sources for an enhanced gaming experience. Blockchain has facilitated the creation of this open and decentralized ecosystem where gamers can incorporate a variety of gaming assets and resources into their gaming projects using decentralized non-fungible or NFT tokens.
This active role played by gamers in shaping the look, feel and gameplay experience of a game application and how they can use various game assets from various web sources is something entirely new. Gamers can now buy game assets using cryptocurrency and using the same in another game app. It’s a lot like building a digital ecosystem and virtual goods economy for gamers. and developers.
Virtual game transactions
Virtual game transactions, mainly via NFT in recent years, have seen a steady increase, and NFT game transactions already account for a large portion of Blockchain revenue. We already have a wide range of NFT games representing several genres and types of games.
The unique NFT gaming experience has been a key promoter of the continued popularity and growth of Blockchain-based game development. NFT-based game transactions and game data management are helping many game developers break into non-traditional game audiences. For example, an NFT-based motivational game app called Ignite used virtual coins to encourage players to complete specific tasks.
Blockchain game development has already created a huge stir in the gaming market, and it’s not going to go away as a short-lived tech buzz. There is an excellent possibility that Blockchain technology could set all major trends in the gaming world. The future of mobile gaming seems to be looking to Blockchain technology to push back the next barrier of innovations.