Blockchain in gaming industry enables players to interact with gaming platforms in a new way. Blockchain is making its way into the gaming industry, revolutionizing how games are developed and played. It offers transparency, security and ownership of in-game assets, creating new opportunities for gamers. With blockchain, players have true ownership of in-game assets as non-fungible tokens (NFTs). NFTs enable players to buy, sell and trade digital items outside of the game, providing real-world value to virtual possessions. Blockchain in gaming eliminates issues of fraud and duplication by using decentralized ledgers to track and verify ownership of in-game assets. Players can confidently invest time and money in acquiring rare and valuable items. Blockchain enables interoperability between different games and platforms, allowing players to transfer their assets and progress seamlessly.
Top 5 blockchain-based gaming projects
- Axie Infinity
Axie Infinity is a blockchain-based virtual world filled with formidable creatures known as axies. Players buy, battle, bred, and collect axies and even use them to earn resources and collectibles that can be traded on an open marketplace. Axie Infinity is different from online games because of the blockchain technology. There are more than 500 different body parts available including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type come in four different scales: common, rare, ultra-rare and legendary. Axis can have any combination of body parts, making them highly variable and often rare and unique.
- Pro: Players can compete with their Axies and climb the ranks, offering a competitive and rewarding gameplay experience.
- Con: Acquiring high-quality Axies can be expensive.
- The Sandbox
The Sandbox is a blockchain-based virtual world allowing users to create, sell, use and monetize their own virtual reality NFTs.People can own assets, play, build and own their properties and in-game assets in the virtual world. The Sandbox leverages the potential of non-fungible tokens (NFTs) to allow people to experience the virtual world.
- Pro: Players can create and sell their own NFTs.
- Con: Features and functionalities may be limited.
- Decentraland
Decentraland is a blockchain-based virtual reality platform that allows users to buy and sell real estate while exploring, interacting and playing games within this virtual world. Decentraland offers several benefits including ownership and control over virtual land, the ability to create and trade unique digital assets and the opportunity to participate in a thriving virtual economy.
- Pro: Players have the opportunity to own virtual land and real estate properties as NFTs. These can be bought, sold and monetized, offering the potential for long-term income.
- Con: The initial cost of acquiring virtual land or NFTs can be high.
- Gala
Gala Games is a platform for blockchain gaming. The participants in the Gala games use GALA as a non-refundable utility token and a medium of exchange. It aims to provide a suitable and secure mode of payment and settlement between participants who interact within the Gala Games ecosystem. Gala uses simple game mechanism that all players can enjoy. Players get true ownership of what they win in the games.
- Pro: Gala Games allows users to begin making blockchain transactions by simply connecting an existing Coinbase or Metamask wallet.
- Con: Faces stiff competition from projects like Decentraland and The Sandbox.
- Battle Infinity
Battle Infinity is a blockchain-based gaming platform made up of multiple play-to-earn battle games. All games are integrated with a metaverse world called the IBAT Battle Arena. In Battle Infinity gamers do not only play and battle but can also enjoy and experience the immersive metaverse world.
- Pro: Offer players multiple benefits and opportunities to explore different platforms and NFT games.
- Cons: It might include technical and legal challenges.
| Games | Platform | Cryptocurrency |
| Axie Infinity | Ronin Network (Ethereum Sidechain) | AXS |
| The Sandbox | Ethereum Blockchain | SAND |
| Decentraland | Ethereum Blockchain | MANA |
| Gala | Ethereum Blockchain | GALA |
| Battle Infinity | Binance Smartchain Blockchain | IBAT |
Related: Top 7 Ways to Earn Passive Income With Cryptocurrencies
Blockchain in gaming industry is transforming the way, offering enhanced ownership, security and economic opportunities. Players can now truly own their virtual assets and experience seamless gaming experiences across platforms.
Frequently Asked Questions (FAQs)
Why blockchain is the future of gaming?
Blockchain creates a more secure and transparent gaming ecosystem, reduces fraud and monetizes games in new and innovative ways.
Why blockchain games are popular?
Blockchain-based games give players a new way to earn money while playing, this earning attracts players.
What is the first blockchain-based game?
CryptoKitties was the first game using blockchain technology.
What are the benefits of blockchain gaming?
Blockchain in gaming provides various advantages such as a secure environment, greater control, smoother transfer of assets and earning opportunities.
What are the problems that blockchain-based games are facing?
The emergence of blockchain-based games is not without hurdles it faces many problems like scalability and sustainability.