The coveted blockchain technology has already become quite a massive thing in the world of technology. And, now, it’s penetrating the gaming market as well.
But, how far has it been able to do justice to its name and popularity? Will it be able to boost the gaming industry’s popularity as we know it? Or, does it have a chance to fail?
Let’s find out.
Potential Of Blockchain Gaming
Blockchain gaming has already evolved the gaming industry to some extent. And, we think it will improve the same even more in the future. Here’s how.
Benefit – 1: Secure Transaction.
Blockchain, in essence, is a transparent, secure, and immutable technology. Thus, with it, you won’t have the risk of double-spending or fraudulent activities. And, if you’re using a safe-to-use application like the Bit Profit App, your job will be even easier than before.
Benefit – 2: High-end Security.
Unlike the conventional technology, blockchain offers an additional layer of security by using an encryption system with a game. Therefore, it can effectively protect sensitive information, such as game data and user transactions, and reduce the risk of tampering.
Benefit – 3: Better User Experience.
Blockchain is highly agile. And, it can implement the same sense of working in the games as well. With it, the loading time of a platform will get lower. So, you’ll be able to open a game within a second or two. And, the game itself will not stutter or crash anymore.
Benefit – 4: Resource Trading.
Unlike a conventional game, you can use the same resource of one blockchain-based game on another one. And, there’s no limitation to it as well. However, before you start utilising them, you have to check if both of the games are made on the same platform or not.
Benefit – 5: The “P2E” Design.
Thanks to the introduction of blockchain in gaming, now you can earn Crypto for free. There is no need to pay for anything at all. Just play the same, complete the given quest, and earn an in-game currency. It’s that simple. They do have real-world value as well. So, it’s a win-win.
Benefit – 6: Integrated Gaming Profile.
As each and every game is made on blockchain, you can create a single profile and play more than one game with it. And, as it’ll be available on a blockchain ecosystem, no one can delete your data in any manner. This, in turn, will make it easier for you to access the games and all.
Benefit – 7: Real World Value.
As mentioned before, almost every in-game token available out has some sort of value in the real world. Therefore, if you want, you can use them to purchase things as well. However, to do that, you’ll need a massive amount of coins, as their value isn’t too high at all.
Limitations Of Blockchain Gaming
Although it might seem so at the beginning, blockchain isn’t all flowery and fluffy at all. The technology still has a long way to go. Here’s what you need to know about it.
Limitation – 1: Complexity.
The gaming process of a blockchain game can be quite difficult if we’re being honest. Also, it might ask you to create an account on a blockchain trading platform, which won’t be easy at all. So, it’s best if you take a tech-savvy person’s help in this aspect.
Limitation – 2: Competition.
The gaming industry, in essence, is highly competitive. Thus, even if a blockchain-based title comes with a new P2E design, it isn’t essentially offering anything new. They all feel a little like an RPG game coming straight out of a smartphone. It doesn’t really help them.
Final Thoughts
Honestly, the core concept of blockchain gaming has quite a lot of potential to grow later on. However, at this point, we think it won’t progress too much in the popularity department.
After all, almost 60% of people throughout the world don’t even know about them. Hence, if the publicity of the same isn’t done properly, it won’t get the market as it needs.
In any case, we’ll ask you not to judge the book by its cover. Play the games first, experience what they have to offer, and see for yourself what they have to offer.