Blockchain technology is systematically and successively adapting to our reality. It can be concluded that it fills the gap of a previously unavailable tool for solving problems existing in the classic cash register system. At the same time, blochchain is not only the domain of the financial market, as it also occurs in other economic areas. It is particularly interesting to observe its impact on the production of computer games, which is currently the most profitable business in the world. Will the fusion of cryptocurrencies and gaming actually bring a revolution in the electronic entertainment industry?

Cryptocurrencies and a more personalized and immersive gaming experience

Competitiveness in gamedev is constantly growing, especially in view of the constantly evolving technological environment. Each publisher and producer aims to create an engaging production that will interest the largest possible group of recipients. To do this, it is necessary to analyze the changing preferences of players.

It is true that the gaming sector is already using artificial intelligence, augmented and virtual reality solutions. However, implementing cryptocurrencies can significantly change the way the entire industry works. It is about providing players with a more personalized and immersive experience using the blockchain.

Game developers store resources used to produce games (graphics, maps, environmental blocks, etc.) on dedicated, secured servers. All this to prevent unauthorized duplication as much as possible. At the same time, they are deprived of the possibility of trading them further. This is where the topic of digital currencies comes in.

Thanks to them, you can redirect the intellectual property of these assets to players. Then a decentralized ecosystem is created that offers the possibility of selling, buying and exchanging virtual resources. This experience alludes to trading in MMORPGs (Massively Multiplayer Online Role-Playing Game for short), where local markets and auction house-like entities try to replicate the specificity of real economies as closely as possible. Therefore, in a way, we can talk about the occurrence of a “meta”, a game outside the game, where external factors, not planned by the programmers, affect the gameplay.

Blockchain is also able to strengthen the role of the developers themselves. Smart contracts allow them to regulate their gambling economies by setting specific, predefined conditions to control trading. This has the potential to control in-game market over saturation and ensure fair trading. Developers can then use free economies to generate revenue by charging transaction fees or taxing peer-to-peer transactions, essentially mimicking an established financial system.

Cryptocurrencies in games and increased security

More and more publishers implement virtual currencies in their productions. This contributed to the illegal trade in gaming assets. Blockchain technology is able to prevent serious theft and hacking problems. Unlike standard payment options, blockchain ledgers featuring top-notch encryption technology are extremely difficult to bypass.

In addition, the specificity of cryptocurrencies makes it almost impossible to duplicate or steal gaming-related virtual assets. Basically, crypto can make all your virtual game assets more secure as proving ownership is no longer a problem.

Faster payment processing

Incorporating cryptocurrencies and blockchain technology into the global video game ecosystem also provides safer and faster payment processing options.

Today, players use a wide variety of traditional payment options when looking to make in-game purchases. While most conventional payment options are risk-free, the entire payment processing mechanism can be slowed down by various factors.

For crypto transactions, there is no need for a middleman, which makes the entire crypto payment service not only faster and more secure, but also more profitable. Game developers selling their products online and accepting crypto payments can save time as they don’t pay high commissions.

The revolution of the electronic entertainment industry due to cryptocurrencies is becoming a reality. In the near future, we will have experiments that will inevitably take games to a whole new level.

Attention! The first 15 people who make a transaction in the exchange office using the CRYPTOGAME code will reduce its value by 0.5%! Find the nearest Kanga exchange office!