cormack12
Gold Member
Source: https://www.theverge.com/2021/10/15/22728425/valve-steam-blockchain-nft-crypto-ban-games-age-of-rust
Source: https://www.pcgamer.com/uk/steam-bans-nfts-cryptocurrencies-blockchain/
Traditional gaming platforms create closed loops in terms of development: no one from the outside can build a different version of it, see the core logic or use existing data (assets). In blockchain, most of the core logic and data (assets) is governed by smart contracts, and that can be analyzed and reused.
Blockchain games are decentralized. Instead of living in a centrally controlled server, blockhain game assets an digital goods are distributed among ‘players’. Blockchain games either issue their own token or use an existing token. With well designed token economics and gameplay, blockchain games are starting a new era in the gaming industry.
Tokenomics — Tokenomics does not exist in other types of gaming platforms. Tokenomics create different interest groups in a network, which enables different properties of game theory. Using tokens to design incentives or create new assets give immense power to the blockchain games.
Decentralization - Anyone can analyze the code used in blockchain games. This brings transparency and puts players and creators on the same side. No one has control over the outcomes of the game. If the developer tries to do an update not supported by the community, the game can be forked and different versions can be built.
Benefits and Potential of Blockchain Games
Blockchain games have immense potential and solve some real core problem around game asset management. For example sharing collectibles of one game into another.
Let's understand some major benefits of blockchain games.
1- Reusable Game Assets
I was playing PUBG recently, a multiplayer mobile, and desktop games and collected some cool accessories but those accessories are unusable and invaluable outside of the game. That's a big problem in conventional games. As blockchain collectibles live on distributed open database represented by tokens, this means this can be reused outside of the game and there are marketplaces like Rarebits Rare Bits and Opensea OpenSea , where you can buy and sell these collectibles.
This opens the door for new possibilities as these tokens can be reused in bootstrapping liquidity or raking in new games. A player is not bound to any particular game and value spend is not lost outside the game.
2- Transparency and Incentives
Blockchains are open and verifiable, this really helps in betting games as a player don’t want to trust anyone. Also, game rules and incentive mechanism can verifiable by anyone. This reduces chances for scams.
Using real asset create real-world incentives, which makes blockchain games different from other platforms. How many times did you earn real money playing games? Because of inbuilt incentivization. it’s easier to build games which pay on the blockchain.
3- Aligned Developer — Player Interests
If developers can no longer change the rules of the games easily, it becomes more difficult to exploit existing users to make money. This trust component to blockchain games makes will benefit both developers, new users, and loyal players. With blockchain-based games, players and creators are on a team.
4- Unstoppable Games
Conventional games run on the centralized server. They can be shut down for various reasons. I remember that I used to play Deamon souls, whose online servers shut down recently.
Shortsighted by Valve? Either way based on Blockchain games, we can all look forward to Peter Molyneuxs next project I'm sure.
Source: https://www.pcgamer.com/uk/steam-bans-nfts-cryptocurrencies-blockchain/
What are Blockchain Games?
Most people are aware that blockchain is a new paradigm for information exchange and app creation, but they may be less aware that blockchain is also positioned to shake up the gaming industry. Games built on top of public blockchains have an immense opportunity, and early incarnation of blockchain-based games are already showing their potential.Traditional gaming platforms create closed loops in terms of development: no one from the outside can build a different version of it, see the core logic or use existing data (assets). In blockchain, most of the core logic and data (assets) is governed by smart contracts, and that can be analyzed and reused.
Blockchain games are decentralized. Instead of living in a centrally controlled server, blockhain game assets an digital goods are distributed among ‘players’. Blockchain games either issue their own token or use an existing token. With well designed token economics and gameplay, blockchain games are starting a new era in the gaming industry.
Tokenomics — Tokenomics does not exist in other types of gaming platforms. Tokenomics create different interest groups in a network, which enables different properties of game theory. Using tokens to design incentives or create new assets give immense power to the blockchain games.
Decentralization - Anyone can analyze the code used in blockchain games. This brings transparency and puts players and creators on the same side. No one has control over the outcomes of the game. If the developer tries to do an update not supported by the community, the game can be forked and different versions can be built.
Benefits and Potential of Blockchain Games
Blockchain games have immense potential and solve some real core problem around game asset management. For example sharing collectibles of one game into another.
Let's understand some major benefits of blockchain games.
1- Reusable Game Assets
I was playing PUBG recently, a multiplayer mobile, and desktop games and collected some cool accessories but those accessories are unusable and invaluable outside of the game. That's a big problem in conventional games. As blockchain collectibles live on distributed open database represented by tokens, this means this can be reused outside of the game and there are marketplaces like Rarebits Rare Bits and Opensea OpenSea , where you can buy and sell these collectibles.
This opens the door for new possibilities as these tokens can be reused in bootstrapping liquidity or raking in new games. A player is not bound to any particular game and value spend is not lost outside the game.
2- Transparency and Incentives
Blockchains are open and verifiable, this really helps in betting games as a player don’t want to trust anyone. Also, game rules and incentive mechanism can verifiable by anyone. This reduces chances for scams.
Using real asset create real-world incentives, which makes blockchain games different from other platforms. How many times did you earn real money playing games? Because of inbuilt incentivization. it’s easier to build games which pay on the blockchain.
3- Aligned Developer — Player Interests
If developers can no longer change the rules of the games easily, it becomes more difficult to exploit existing users to make money. This trust component to blockchain games makes will benefit both developers, new users, and loyal players. With blockchain-based games, players and creators are on a team.
4- Unstoppable Games
Conventional games run on the centralized server. They can be shut down for various reasons. I remember that I used to play Deamon souls, whose online servers shut down recently.
Shortsighted by Valve? Either way based on Blockchain games, we can all look forward to Peter Molyneuxs next project I'm sure.