The multi-billion-dollar gaming industry is a goldmine of opportunities. This industry has grown tremendously in the past decade. Its latest surge has come at an opportune time because blockchain technology is also growing like wildfire. Read on to know the Top reasons why people play blockchain games. The best crypto games are now set to take over from traditional gaming because of the remarkable advantages this technology brings.
As such, blockchain gaming is fast rising as part of the larger gaming industry growth. Be It crypto gambling, or other kinds of gaming, players have reason to smile. Gamers play and use cryptocurrency as assets. Bitcoin gambling games are proving popular because of factors unique to crypto.
It is understandable to assume that crypto games are uncommon. Far from it. Historically popular games like Blackjack and Baccarat are also available in crypto gambling. Others include Bitcoin Crash, Dice, and the wheel.
What is it that has made people play blockchain games? Let’s look at some of the reasons:
Blockchain Games Make Payment Processing Cost-Effective
The efficiency of cryptocurrency payment processing is a huge part of crypto gaming’s appeal. For starters, cryptocurrency is borderless and decentralized. This means that you can pay for gaming items instantly from any corner of the world.
Additionally, existing games are often costly because of exorbitant fees. These fees accumulate to leave a hole in the pockets of gamers over time. With cryptocurrency, a gamer does not have to rely on banks and debit cards to process transactions with the fees that come with those processes. Besides, a person transacting gets to save on time because the processing does not go through bureaucratic processes for approval.
No matter how small the payment is, the blockchain processes the transactions fast and in a cost-effective manner. For gamers who have the skills to become developers, the blockchain allows them to sell in-game items directly to other gamers. This is not the case with other gaming sites that mandate the use of app stores to sell such products.
Ability to Sell In-Game Items
The first point lends a lot to the second one. Gamers have greater freedom when using blockchain platforms. Centralized gaming platforms usually have a policy of storing their in-game assets in centralized servers. This is to avoid the possibility of those assets being duplicated.
Unfortunately, this process limits the control of in-game assets that players purchase. For blockchain gamers, these restrictions don’t apply. Every gamer has the ability to exchange assets because they are decentralized and uniquely coded.
Besides, the in-game items can have reasonable prices. There is a tendency among popular games to make their gaming items relatively pricy. This disconnect allows a black market of gaming items to thrive.
Through the blockchain, gamers have more control over the prices of in-game items. This ensures that gaming items to be reasonably priced creating a more vibrant, interactive, and potentially more lucrative gaming experience.
Independence from Government Regulation
Cryptocurrencies are decentralized and pseudonymous or autonomous. This is useful in a sector like gambling. Crypto gambling is a way to escape such government overreach.
Certain countries have restrictive laws on gambling and could place restrictions on traditional gambling. On the flip side, Blockchain games are accessible from anywhere in the world.
Any restrictions that governments place between money service businesses and online gambling don’t apply for crypto.
Therefore, a gamer can have a great gaming experience from any part of the world. This is a large part of the appeal of cryptocurrencies as a whole.
People in autocratic countries, in particular, can appreciate the fact that cryptocurrency operates outside the purview of government restrictions.
Freedom to Developers
The great thing about decentralized platforms is the creative freedom gamers get when in such an environment. No one has a monopoly on ideas.
The community-oriented development approach in blockchain gaming creates an excellent hub for developers to thrive and monetize their ideas.
Traditional games have a top-down approach that doesn’t often take into account the ideas of gamers to improve their gaming experience.
The gaming industry has a history of problems with online frauds that make the industry lose a lot of revenue.
This problem can be solved by autonomous smart contracts that make this industry safer. The blockchain reduces incidences of fraud and can save the gaming industry billions.
For gamers, this security comes in handy as well. Gamers benefit from the transparency that the blockchain adds.
Blockchain gaming is destined for an immense future. There is much to gain from both the perspective of users and developers. It is reasonable to imagine a future where all of gaming goes to the blockchain.
The benefits in payment processing and in-game items trading are particularly important. This industry has a more vibrant gaming economy because it decentralizes the benefits of gaming.
Gamers don’t just enjoy the fun part of gaming but also the lucrative and educative aspects. Given the transparency and security of the base layer, it will spur innovation and make gaming more wholesome. It will be fascinating to see future developments in this sector.