Technologies such as artificial intelligence, virtual reality and augmented reality have transformed the gaming industry in the last decade. The blockchain is another technology that is destined to redefine the gaming industry. Blockchain technology can enable a new way for players and developers to interact with gaming platforms. Here are some ways in which blockchain technology can affect the gaming industry:
Control on virtual resources: game companies store their game resources on centralized servers due to the risk of duplicating resources. Centralized servers prohibit players from buying, selling or exchanging resources outside the gaming platform. This also means that players do not have the virtual game resources purchased. Blockchain offers full transparency and decentralized control of virtual resources, allowing players to have full ownership of their virtual resources. It will also allow players to use their virtual resources through different gaming platforms, allowing players to have a more personalized look video game experience.
Interaction prize: Blockchain provides tokenization for gaming platforms, thanks to which players will be able to earn tokens to play, review and share the game on social media platforms. Players can also get incentives to provide reviews and feedback to developers.
Credibility and responsibility: Blockchain is an immutable ledger that records all transactions that can not be altered without the permission of most of the network. Blockchain technology allows players to use their account on multiple gaming services while tracking and documenting the interaction of all players, game history and game resource trading.
Security for games: Players work hard to acquire ownership of a virtual asset on gaming platforms. Fraudsters copy a virtual product from a gaming platform and sell it, which decreases the value of that product. Blockchain technology creates an immutable ledger of an object, which prevents illegal trade, hacking and the theft of goods.
Transparent and rapid payment method: Blockchain technology provides a secure and faster method of transaction between players and developers. The fastest payment method allows developers to reinvest in another game. Blockchain technology also provides access to multiple revenue opportunities.
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