Blockchain -based games have emerged as a revolutionary innovation that radically changes the traditional game industry.
Blockchain -based games have emerged as a revolutionary innovation that radically changes the traditional game industry. They are of great interest to provide financial incentives with their decentralized structures, real ownership to players and financial incentives with the play-to-Earn (Play to Win) model. In traditional games, players’ digital assets are under the control of developers and are limited within the game ecosystem, while Blockchain -based games offer players the opportunity to trade, transfer and transform their assets into value in the real world through NFTs and crypto currencies.
As of 2023, it is estimated that the Blockchain -based gaming industry has reached a market value of over $ 65 billion. Games such as Axie Infinity, The Sandbox, Decentrand appeal to millions of players and became the pioneer of growth in the industry. In this article, we will examine how blockchain games work, advantages, disadvantages and future.
What are Blockchain -based games?
Definition
Blockchain -based games are the games running on Blockchain, a decentralized notebook technology. In these games, players have digital assets and these assets are stored as unchanged tokens (NFTs) or in -game crypto currencies.
Basic features
- Real ownership: Thanks to NFTs, players have full control of in -game assets.
- Play-to-Earn Mechanism: Playing the opportunity to earn crypto money by playing games.
- Decentralization: Allows developers to trade between players without the full control of the developers.
- Security: The risk of fraud is reduced thanks to the unchanged structure of Blockchain.
Working Principle of Blockchain Games
Blockchain and smart contracts
Blockchain games work on networks such as Ethereum, Binance Smart Chain, Solana and processes through smart contracts. Smart contracts perform the following functions:
- Creation and management of in -game assets.
- Securing trade and transfer transactions.
- Automatic award distribution to players.
In -game economy
- NFTs: In -game assets such as characters, weapons, lands are stored as NFT and trade.
- Use of Crypto Money: In -game economies process using their own tokens.
- DAO (decentralized autonomous organizations): Players can participate in the community management and make decisions about the game direction.
Advantages of Blockchain Games
Play to Win (Play-to-Earn) Model
- Players can make real money by playing games.
- Games like Axie Infinity have helped some players make their living.
Digital asset ownership
- In -game assets belong to players and can be sold on different platforms.
- Example: users who buy virtual land in The Sandbox can rent these lands.
Transparency and security
- Blockchain’s unchanged structure prevents fraud.
- Since all transactions are recorded, the gaming economy becomes more transparent.
Disadvantages of Blockchain Games
High Entry Costs
- High start capital may be required to start popular blockchain games.
- Example: It is necessary to buy a few hundred dollars worth of NFT to start in Axie Infinity.
Technical difficulties
- The use of crypto wallets and blockchain operations can be complex for new users.
- Processing fees (gas fee) may be high in networks such as Ethereum.
Market volatility
- The value of in -game tokens can fluctuate, which can affect the earnings of the players.
- Example: In 2021, Axie Infinity’s AXS Token reached $ 160, while it fell below $ 10 in 2022.
Leading Blockchain Games
Axie Infinity
- Subject: Digital Creature Wars.
- Success: In 2021, it reached more than 3 million daily active users.
- Economy: AXS and SLP token is provided in -game earnings.
The Sandbox
- Subject: Allows users to create and trade virtual world.
- Success: Great brands and artists joined The Sandbox ecosystem.
- Economy: Using the Sand Token, land and in -game assets can be purchased and sold.
Decentrand
- Subject: A virtual reality -based world.
- Success: Mana token was adopted by great investors.
- Economy: Users can buy and rent virtual lands.
Future of Blockchain Games
- Integration of large companies: Giant game companies such as Ubisoft, Square Enix began to explore blockchain games.
- Web3 and metaverse harmony: Games become more integrated with Metaverse.
- Lower trading fees: Ethereum’s updates and new blockchain solutions reduce costs.
Frequently Asked Questions (FAQ)
How do blockchain games work?
Blockchain games offer players an unquestioned game experience through smart contracts and NFTs.
Are blockchain games safe?
Yes, blockchain games are safer than traditional games, but care should be taken against the possibility of fraud.
How to make money from blockchain games?
You can earn income by selling in-game assets as NFT or earning prizes with play-to-Earn mechanisms.
Is it necessary to invest to play?
Although some games are free, popular blockchain games often require initial investment.
Which blockchain games are the most popular?
Axie Infinity, The Sandbox and Decentrand are among the most popular blockchain games.
Blockchain games offer great opportunities for investors and players. For more information and investment strategies about this new field that combines the crypto and game world Bitcoinx You can visit the platform.