CRYPTOGAMING : A NEW ERA OF ONLINE GAMES ( PART 2 )

Introducing new technologies into gaming has been well-received. Broader adoption of smartphone gaming and blockchain use of virtual reality (VR) have unlocked more fun and interactive experiences for gamers. A few platforms are already offering casino VR poker online, making the game more interesting and wide-reaching, as bluffing and reading expressions is considered by players as the most exciting parts of playing poker, adding the adrenaline of ‘real life playing’ to the online world.

Furthermore, crypto offers security like no other available technology. Prior to the launch of blockchain-powered gaming, games used to store the players’ information and owned items on the game publishers’ servers. This practice has its vulnerabilities, as one could lose possession of the assets in the case of server malfunction, stopped game development, banned account etc. The inception of crypto gaming looks set to change all of that. Now, the player is much more in control of their virtual assets while exploring uncharted avenues of profiting from them. Players are now the sole masters of their accounts, game items and data.

One of the pioneers in this space is CryptoKitties. Launched in late 2017, the game lets users trade virtual cats via an Ethereum-based platform and, to this date, has recorded the impressive mark of $170,000 for the purchase of a crypto kitty called ‘Dragon’. Within six months, CryptoKitties users had spent together no less than $23million buying and selling digital cats. Although the success of Crypto Kitties has slowly faded, the game brought attention to the many applications of blockchain in gaming, especially tokenised goods and digital collectibles.

The combination of blockchain and games spurred the development of ‘non-fungible tokens’ (NFTs), a concept revolutionising the idea of digital ownership, as it gives each digital asset a unique identity.
Because there is no central entity controlling the assets within a game universe powered by blockchain, once in possession, the user can buy, sell and trade their tokenised goods openly. In another words, crypto assets are 100% owned by the user.Even if the technology is still in its early days, the use of NFTs can potentially be taken forward outside the gaming sphere, where digital collectibles are ‘a thing’.

Blockchain + gaming gives rise to many opportunities. For instance,

#FREEDOM TO COLLABORATE -
Blockchain is a mechanism for the players to interact and negotiate with other players directly — inside the game — without needing help or assistance from the game’s developer, the online host, bank or credit card provider, or even the game software as an intermediary. It’s a flexible, friction-free alternative to a game-disrupting pop-up window to enable an e-commerce transaction.

#FREEDOM TO GROW-
The players can use their blockchain wallet to invest in their own success a s a gamer. There are plenty of options which are traditionally not available in online games such as the player can double down on the game he/she is playing. Without the inception of blockchain and a widespread accepted cryptocurrency, investments like these are usually limited to a single game, publisher, or ecosystem. The exclusivity of blockchain empowering the online games provide verification, openness, and freedom from intermediaries, which is the step towards the future.

#FREEDOM TO CREATE -
With the rise in blockchain, is not necessary for the players goals to meet with the developers goals. Blockchain enables the players to pursue their own goals and tailor their gaming experience to their own preferences. Even most of the games played online today have two options- you either play according to the developers roles or you donot but that is all set to change with the inception of cryptogaming. Empowered by blockchain the players can create their own world in the developers world, which seems quite like a step in the gaming industry. It gives more power to the players.

#FREEDOM TO PROFIT -
Usually dedicated gamers earn lot of in game achievements and rewards. Traditionally, these rewards vanish once you log out of the game but with blockchain enabled gaming, the rewards that the players earn, stay with them and they can use it however they want. Again, cryptogaming gives the freedom to the players and makes them self reliant and that itself is the purpose of decentralisation itself.

#STORAGE SAFETY AND HIGH SECURITY - Blockchain applications provide a reliable and efficient way to regulate safety and security for the gamers. With cryptogaming, players own various virtual assets which stay with the player forever. Some thing which is never possible traditionally.

More exciting information on crypto gaming on our next part of this blog.

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