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 우리카지노 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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