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Since ‘Pong’ struck our TV screens in 1975, the gaming industry has never stopped developing.
From that inauspicious start, with two paddles and a pixel ball, the sector has seen players across the world spend about $138 billion on gaming in 2018.
It is a big industry and profitable for those willing to push the boundaries with high-end software and technology.
But, there is a new technology that is attempting to break into this massive industry: Blockchain. Blockchain games had their ‘Pong moment’ when Cryptokitties exploded on the Ethereum blockchain, attracting enough enthusiasm to almost bring the second-biggest blockchain by market value to a grinding halt.
However, the blockchain gaming field is developing extraordinarily, with platforms like Xaya and others ready to revolutionize the game sector.
The straightforward answer to this question is decentralization. But, you may ask, what is decentralization? Gaming is currently one of the largest and most profitable segments of the entertainment industry.
According to mobile market research firm Newzoo, gamers worldwide will spend $137.9 billion on games this year, an increase of more than 13% over the previous year.
Digital games generate over 90% of the worldwide gaming market’s revenue. One topic that should not be overlooked while discussing the future of gaming is decentralization.
Blockchain technology is a decentralized, distributed ledger that tracks the provenance of a digital item.
Decentralization is how control and decision-making are transferred from a centralized entity to a distributed network. In addition, decentralized blockchains are immutable, which indicates that the data inputted is irreversible.
Historically, the gaming business has been controlled by large-budget developers, who have been responsible for the majority of technological advancements.
However, blockchain technology has democratized the process with decentralized gaming and created a more collaborative atmosphere for developers.
In the US, games by Nintendo or Ubisoft are competing with each other; however, this is not the case with decentralized games.
For instance, following the success of CryptoKitties, a crypto-collectible game produced by Axiom Zen, another game by a different developer, Xaya, was released.
Soccer Manager Elite, a game that runs entirely on the Xaya blockchain, allows gamers to experience a fast and affordable football management game that runs entirely on-chain and allows players to install the entire game, including node options or a lite version.
The principle of provably fair. If you’re new to crypto gaming, you’ve probably heard of provable fair and provably fair slot games.
However, advanced technology is becoming more prevalent in both crypto and non-crypto online games. If you’re unfamiliar with the word, here’s a basic explanation of how it applies to modern crypto gaming.
Provably fair mechanics is the newest technology to grace the world of online gaming. Due to its novelty, the majority of gamers are unaware of it.
Currently, the technology is employed primarily in cryptocurrency casinos and games. It refers to an algorithm that verifies and validates online games’ fairness toward its players. It alleviates the majority of gamers’ fear that online gaming sites will defraud them.
In a completely decentralized gamespace, all players must adhere to the world’s rules.
These principles are inviolate, just as the laws of physics are intact in our reality. On Xaya, decentralized games enable provably fair gameplay. No player (or developer) is permitted to violate the gameworld’s rules.
If a hacker modifies or edits the code in any manner that alters the state of the game, their move will be ignored by everyone else (if it is invalid).
The hacker will be playing in their separate world, similar to a fork or parallel universe.
The blockchain-based Xaya Soccer Manager Elite assures that no one cheats the system since the blockchain validates every move and transaction.
You are not a player in this game; instead, you are a club shareholder, a team manager, or a player agent.
Managers become more desirable as they achieve success, while agents get more money when their players join a large club.
Simultaneously, shareholders will desire long-term success for their club, providing an incentive for everyone to acquire and bring together the cream of the crop.
In a decentralized open-source MMO, all assets have an authentic provenance.
Therefore, the effort (such as Proof of Work) conducted to obtain the sword is transparent and verifiable, i.e., provably fair item acquisition.
The conventional gaming platforms had many flaws; decentralized gaming was launched along with the rapid growth of blockchain technology in the gaming industry.
Blockchain technology gives you absolute ownership of all of your game-earned in-game assets. This is not the case with traditional gaming.
As the gaming industry embarked on a new era, blockchain-based Xaya Soccer Manager Elite emerged as the first well-known blockchain-based football management game.
The new journey of the gaming industry has just started. Blockchain technology is on course to change the game industry, particularly in terms of asset monetization.
As in the art world, NFTs will enable fans to purchase in-game materials and features, fostering a mutually beneficial connection between them and the game’s creators.
With platforms like Xaya paving the way, we may anticipate further engagement between the two industries in the future.
The gamer is the exclusive and permanent owner of all in-game assets.
Blockchain technology protects the security and transparency of players’ data, providing them with increased trust when playing games.
A decentralized system is critical for granting participants freedom.
Because blockchain technology is based on a distributed ledger, the connected decentralized nodes to a blockchain network create permanent storage for the decentralized gaming environments, allowing players to re-play previous games for an extended time because the records are stored on-chain.
In summary, there is a rising need for rich virtual gaming environments in which virtual asset ownership plays a significant role in determining a gamer’s status and progression within a game.
Additionally, the gamer’s time and effort might be rewarded in ways other than pure enjoyment, such as exchanging in-game virtual items for crypto tokens or NFTs accessible in another game.
Through blockchain, decentralization enables scalability and near-real-time asset storage in a distributed ledger. This is necessary for gamers regardless of the game they are playing.
Decentralized gaming is, however, better for gamers as it provides them with true ownership of in-game items, the opportunity to earn a living (play-to-earn), and build on top of already established Dapps.
Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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