Crypto gaming platforms help developers to develop games on the blockchain network. It allows users to monetize these games. The decentralized infrastructure of the platform allows players to control their assets and data while enjoying the gameplay and earning tokens during their interactions with the game ecosystem. With the rise in the number of blockchain platforms, the concern is one question that arises. How much will blockchain change in online gaming? And what are the current problems faced by most of these platforms? Let’s take a look at it in detail!
Why do people play?
Of course, no one needs to play games for anything other than pure enjoyment. And why not? The games are great! But there’s also a strong need to get something out of a game. People want to feel like they’re gaining something from their time spent playing—even if it’s just entertaining themselves for an hour or two.
In most cases, people play games because they offer an opportunity to win rewards. Or they might compete with others looking for rewards and bragging rights. The same is true in crypto platforms. It might seem counterintuitive to people who have been taught all their lives that only winners should earn rewards. But crypto isn’t about that sort of winner takes all mentality.
How are cryptocurrencies changing this industry?
Cryptocurrencies are taking online gaming to another level, making it more exciting and interesting. With recent developments in blockchain technologies and cryptocurrencies, gamers now have an opportunity to play and earn simultaneously. They can use tokens or coins. Moreover, some companies that promote games for earning cryptocurrency for playing are promising a very high reward rate. These types of organizations will continue to grow rapidly as long as there is demand for crypto gaming platforms. These platforms offer great opportunities for non-gamers as well as avid ones.
How blockchain technology is changing game development
One of blockchain’s most disruptive applications is its use in video games, which we’ll focus on today. Blockchain technology has fundamentally changed our thinking about earning points and assets within a game.
What types of platforms exist today?
There are two broad categories of gaming platforms, centralized and decentralized. Centralized gaming platforms, like Sony’s PlayStation Network or Microsoft’s Xbox Live, are run by a third party that sets rules, acts as a referee and maintains security. Decentralized games, on the other hand, use blockchain technology to eliminate all three parts of that equation. There’s no central server or third-party company in charge; instead, each player has an encrypted copy of everything needed to play.
What does the future hold for crypto platforms?
The crypto gaming market is a multi-billion dollar industry, thanks to ICOs. Many believe that blockchain technology will shape how we play games and share assets in virtual worlds in future. For now, investors need to understand how these platforms work today to figure out where they stand tomorrow.
It is fair to say that gaming with cryptocurrency has reached a new level and will continue to flourish. It’s no longer about exchanging in-game currencies for digital assets — at least not entirely. It is more about play to earn, where many people dedicate their time and skills towards contributing value to these platforms instead of receiving gifts or rewards. If you are looking for the best platform to sign up to play to earn games, please visit Decentral Games today.