Decentralized Gaming Platforms in the Gaming Industry
Blockchain is one word that cannot be avoided today. It has succeeded in creating a buzz globally. It’s safe to say, the technology is the new black. Having successfully disrupted several industry sectors, ranging from the financial and education to healthcare and entertainment sectors, blockchain technology seems to not be holding back and is certainly on its way to being the new global standard of operations.
The tech advancement is not without reason. It offers a platform for pure decentralization giving parties more control and security, considering its features of immutability and “unalterability”. It has succeeded in providing remarkable solutions ranging from decentralized trading, peer-to-peer transactions, and smart contracts, to the creation of digital assets, identities, and several other solutions. Yet, there is still more to be tapped into that the tech can deliver.
Enter Blockchain into the Gaming Industry
With the widespread adoption of blockchain tech and its continued disruption of several industries, another industry this technology has already penetrated and currently is disrupting is the gaming industry. The gaming market currently has over 2 billion active users or gamers, with nearly 1 billion of them actively engaged in online spending. This certainly is a market with the great promise of profitability, which is why there are several hundreds of thousands of traditional games currently running in the market.
Blockchain technology is already gaining ground in the market and gearing towards changing the modus operandi. With hundreds of blockchain games already operational and garnering user bases, the wide acceptability of the idea cannot be doubted. Blockchain games like Etheremon, which ranks top in the list of blockchain games, are already making waves in the industry. Etheremon allows gamers to capture, train, and transform characters called “Mons” and also trade them with others using the EMONT tokens. Another example of blockchain games making waves is CryptoKitties – the most popular blockchain-based game in the industry. It’s one of the first to allow gamers to trade virtual cats. Gamers collect, purchase, and grow their virtual cats, with every kitten having its uniqueness. The interesting thing about the platform is only owners of the kittens can sell them due to their uniqueness. There are several other games on blockchain platforms recording impressive amounts of daily active users.
Are we gradually moving to an era of purely decentralized games? It might be too soon to tell, but we can’t underestimate the potential of blockchain technology.
How Can Blockchain Solidify Ground in the Gaming Industry
Despite the promising growth of blockchain games and acceptability, there needs to be an evaluation of the current state, to observe where improvements can come from and how the technology can further solidify its ground in the industry.
One thing to note is, that some of the blockchain games still operate a semi-centralized procedure. Also, gamers are somewhat limited in creating scenarios for themselves. They still have to play games within the confines of what is provided on the platform.
Furthermore, some of these games have user copyrights stored on a centralized server instead of on the blockchain. This is contrary to the “Code is law” practice, and thus, its credibility relies on the brand rather than the code, which leads to limited public trust.
Virtual Lego Game Using Digital Assets
However, one of the blockchain games which came upon the radar that seems to address these issues is Leblock. A mobile game with over 80,000 active users, dubbed the “virtual LEGO” game that is built on the Metaverse blockchain gives gamers the freedom to create a digital world using blocks with different colors. On this platform, gamers have full freedom to create the world they desire and also trade with others. Leblock claims to formally put business logic, blocks, computing power, and TAT tokens on the blockchain and start the POS consensus mechanism, whilst also ensuring a full transition from semi-centralization to pure decentralization. The platform incorporates not just the use of blocks of varied colors but also various modules ranging from action and AI to physical and several other modules, thus creating infinite possibilities.
— oie star (@OieStar) April 28, 2022
Assets created by Leblock gamers will be on-chain, with the copyright protection fully strengthened. The ownership of digital assets will be handed over to the players, thus creating a secure and energetic ecosystem. By incorporating the digital asset functionality in the game, each “lego” on the block can be converted into an in-game asset and can be traded using the TAT token. Each transaction is securely recorded on the Metaverse blockchain. Gamers on the Leblock platform will be able to create and showcase their culture and ideas freely without unnecessary interference.
If blockchain technology aims to successfully disrupt the gaming industry, it needs to stay true to its ideals – providing a world of full decentralization to gamers, where gamers have complete freedom to have fun without limitations while also making progress within the game.
The future, however, remains bright for the technology in the gaming industry as daily active users of these games continue to grow steadily. Leblock, for instance, has shown the possibilities of fully decentralized games, and other blockchain-based games could follow suit in maintaining this ideal, thus creating an unlimited world of fun to gamers.