How Blockchain Technology Affects Ownership in the Gaming Industry | HackerNoon

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A look at the value of blockchain technology within the gaming industry - blockchaintechnology gaming

Crypto gaming uses blockchain technology to enable ownership of in-game assets. There is already a large industry for in-game items like skins and in-game currencies. However, blockchain-based assets enable true ownership since players can store their in-game assets via a crypto wallet.

With the introduction of in-game asset trading, tradable game tokens, and the prospect of earning cryptocurrencies while playing, crypto gaming not only lays the basis for play-to-earn for players but also modifies the pay-to-play dynamic for gamers. For example, some games require users to buy NFT characters to play, while others let players get started with a free character until they earn enough crypto to buy an NFT character.

Blockchain gaming enables a wide variety of interoperability across gaming ecosystems thanks to integrating in-game assets across different platforms. However, the degree of interoperability possible when creating a gaming environment depends on the kind of blockchain platform used. Before the advent of blockchain technology, malicious individuals could save and distribute an infinite number of copies of most digital items and re-sell them. While people can still save and copy files , the copied files have no value if they aren't the original.

 

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