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4 Ways Blockchain Technology Is Changing Online Gaming




In the past few years, blockchain technology has completely changed our everyday lives. Not only that it changed how we conduct business, but it has revolutionized many industries. One of those industries is online gaming.

Online gaming is a massive market with an enormous potential for growth, and blockchain is innovating it even more. But how exactly is this technology changing the world of online gaming? Keep reading to find out.

Improved safety

What players used to hate about online gaming is the amount of information they’re asked to provide. Some players simply prefer not to use their sensitive information such as name, address, and credit card number. This is something game developers wanted to change for some times and they finally managed to do it with blockchain.

The most popular type of games right now are free-to-play games that include in-game cosmetic purchases. Players used to be afraid the other party won’t stick to their obligations once the payment has been named. Since blockchain introduced digital contracts that get executed automatically, players can make purchases without any worries. Digital contracts have also made online casino players more comfortable about indulging in their favorite games on the web.

The way these contracts work is that they create permanent records of all transactions and avoiding third parties in the process. This increases the transparency and trust between players and game developers or online casinos.





Blockchain-powered games

We’ve all heard so much about blockchain recently. However, one of the things you may not know is that there are games that are powered by Blockchain. We’re talking about games such as CryptoKitties. This game gives you a chance to buy and sell one-of-a-kind digital cats.
The list of blockchain-powered games continues to grow as new games are being released every day. One of the games that have changed the online gaming world the most is Decentralized. Basically, this game gives allows you to buy and sell real estate located in a virtual reality world using Ethereum digital currency. You get a chance to build your own virtual reality portfolio that can include everything from residential buildings to recreational units.
Another game worth mentioning is EtherRockets. It’s a decentralized game for collectible enthusiasts. You can collect your own rockets and use them to trade on the marketplace.

Transaction speeds

Players who indulge in online gaming want their transactions to take place as quickly as possible. Whether they’re buying in-game currency or they’re using real money to make an in-game purchase, it needs to happen quickly.
The problem in the past was third parties game developers were forced to rely on when it comes to player transactions. With blockchain, third parties are completely eliminated and almost all transactions take place instantly.





Transaction speed is even more important when it comes to iGaming. Players want to be able to play their favorite games as soon as they make a deposit. If this is the case with you, keeping an eye for trending and emerging online casinos is a good idea. New casinos try to rely on blockchain as much as possible and create the ultimate experience for their players.

Removing the black market

Internet wrongdoers keep coming up with new ways to use online games to make money. One of the most common ways they do this is selling accounts with in-game rewards that cannot be purchased any other way. With the use of blockchain, game developers can create a safe environment for players to trade with cosmetics and other types of awards.

The use of this technology should discourage players from turning to the black market and risking getting their accounts banned. If you’re not sure this is real, just take a look at how Epic Games deals with players who try to buy or sell their accounts with in-game rewards.

Game developers will rely on blockchain even more in the future. Therefore, we can expect them to keep coming up with new ways for players to transfer stuff from their accounts.

Takeaway

In conclusion, blockchain has had a huge impact on the entire online gaming world. What’s more, this tech is still in its infancy and it will change online gaming even more. We can only imagine what kind of innovations blockchain is yet to bring.

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