🔔 Preface:
With the rise of blockchain technology, a new gaming field - blockchain games (chain games) is gradually entering the players' field of vision. Compared with traditional online games, blockchain games bring players an unprecedented gaming experience with their unique decentralized characteristics, data transparency and asset ownership confirmation.
1️⃣ What is blockchain game:
Blockchain games are a new type of game that combines blockchain technology with traditional game elements. It provides players with digital asset ownership, transparency and security by using blockchain technology.
2️⃣ The difference between blockchain games and regular online games:
🔸 Graphics and playability: Traditional game companies are able to concentrate resources to develop games with beautiful graphics and diverse gameplay. This kind of development is relatively easy because they are based on the ordinary Internet and have greater control. In contrast, chain games are developed on the blockchain, which is more difficult. Every data needs to be uploaded to the chain, including new data. Therefore, in terms of graphics and gameplay, chain games still have a certain gap compared with traditional games.
🔸 Financial characteristics: Traditional game companies can issue virtual game coins at will, while the issuance volume of blockchain games is determined by the project party and is supervised by players. If the project party abuses the issuance rights, players will lose interest. In blockchain games, the game tokens obtained are encrypted digital currency assets that can be exchanged for cash on exchanges, which enhances players' trust in game assets.
🔸 Development prospects: The traditional game market is highly competitive, and low development costs have led to the emergence of a large number of new games, but many games have difficulty surviving. The development of blockchain games has just started, and its financial logic is more realistic than traditional games. Some early blockchain games have already brought huge wealth to participants. Although the current blockchain games are somewhat like Ponzi schemes and have the risk of collapse, due to their on-chain characteristics, when the price of game tokens falls to a certain level, speculators will rejoin. Blockchain games with good economic models can operate for a long time and provide entertainment and wealth effects for players.
3️⃣ Core features of blockchain games:
🔸 Digital Asset Ownership: Blockchain technology allows players to truly own in-game items. These items usually exist in the form of non-fungible tokens (NFTs), making each asset unique and verifiable. Players can obtain, trade, and sell these NFT assets in the game, and all transactions are recorded on the blockchain, ensuring transparency and security.
🔸 Transparency and Security: All transactions are recorded on the blockchain and can be viewed and verified by anyone. This reduces the risk of cheating and fraud while ensuring the fairness of the game.
🔸 Decentralization: Blockchain games are usually managed by decentralized autonomous organizations (DAOs), and game rules and updates are determined by community voting rather than controlled by a single company. This approach enhances player participation and autonomy.
4️⃣ Development trend of blockchain games in 2024:
🔸 AAA-level gaming experience: New blockchain games are pursuing graphics and gameplay comparable to traditional AAA-level games. For example, Illuvium and Deaddrop showcase high-quality graphics and complex game mechanics, attracting a large number of players and investors.
🔸 User-generated content (UGC): Players can create and sell their own game content, such as maps, characters, and items. This not only increases the playability of the game, but also provides players with a new source of income.
🔸 Cross-platform development: Some blockchain games are exploring expansion from PC platforms to mobile platforms. For example, Mythical Games' "NFL Rivals" gradually introduces NFT functions into mobile applications, trying to break the limitations of traditional platforms.
🔸 Social Interaction and the Metaverse: Games like Ultiverse combine social interaction with blockchain technology to provide players with an immersive Metaverse experience.
🔸 New economic model: Blockchain games have introduced a “play-to-earn” economic model, where players can earn cryptocurrencies or NFTs through game activities. This model has attracted more and more players and developers to participate.
🎯 Summary:
With the development of technology and the participation of more large companies, blockchain games are expected to achieve wider application and popularity in the next few years. Currently, blockchain games also face some technical and regulatory challenges, but their innovative economic model and unique player experience are attracting more and more attention.
In short, blockchain games are not only an improvement on traditional games, but also a disruptive change that brings new experiences and opportunities to players.
This article does not constitute any investment advice! Investors need to carefully assess risks and market performance! #DYOR
🤝 Thank you everyone！
