The Unstoppable Rise of Blockchain Games

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2 years ago
Topics: Playtoearn, GameFi, NFT, Future, Metaverse, ...

Play is one of the most basic elements of human life. From the moment we open our eyes to this world with infancy, we learn about life through games. However, the game does not always have to have a teaching function. Games are also played for fun.

Games have four basic components; goal, rules, competition and interaction. These components can be used both physically and mentally in a game design. Football is a physical game and chess is an example of a mental game. On the other hand, it is not possible to play football without a planning and mental activity, this should not be ignored.

The history of digital video games, which has become a natural part of life today, goes back to the early 1950s. The purpose of this article is not to tell this history, but I strongly recommend that you find the opportunity and research it, it will be a very enjoyable history reading.

The digital video game industry is one of the largest industries in the world today. We have data that the global size of the market in 2020 is around 173 billion dollars. The market is expected to reach 315 billion dollars in the next 5 years. Mobile games take the lion's share of the market profit with a volume of close to 65 billion dollars, PC games 30 billion dollars and console games the rest.

Blockchain and Games

We know that blockchain technology enables secure data recording with a decentralized approach. The ownership of the recorded data can be controlled by the owners with a private key. This approach makes it possible to secure the ownership of different digital assets without the intervention of any central structure.

This opportunity brought by the blockchain technology was first used by the game Spell of Genesis, which was developed on the platform called Counterparty, which is integrated into the Bitcoin network and opened in 2015. In the meantime, with the development of smart contracts, many blockchain-based games have emerged. Crypto Kitties, Axie Infinity and more. PlaytoEarn or DappRadar are good resources to see different listings of these games.

So, why move a game to the blockchain infrastructure?

Actually, the answer is simple; to give ownership of in-game elements to players. But this is not the only reason. We can make a list like this;

  • Ensuring real ownership of digital assets

  • Developing decentralized games

  • Ensuring safety and reliability

  • Creating economies determined by players

  • Creating decentralized marketplaces

  • Creating supergame universes

We can explain all these items with an imaginary example; World of Warcraft (WoW) is a massive multiplayer online game. Let's say you're playing a blockchain-based version of WoW. In such a game, your character, your character's clothes, your gold and everything you own in the game will no longer be under the control of the company that developed the game, but will have a structure that is completely closed to outside interference and completely owned by you.

Since the game works in a decentralized structure, instead of paying monthly fees to the game maker, those who put effort and effort to keep the infrastructure alive will generate income.

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Topics: Playtoearn, GameFi, NFT, Future, Metaverse, ...

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