Blockchain gaming

Use of blockchain technology for digitally owned games and integrated economies.

What is it? - Dummies

These are video games in which the items you get - such as swords, characters, suits or virtual terrain - are really yours. Instead of being “saved” to a game account, they are registered in the blockchain, which means that you can sell them, trade them or use them in other games, just as if they were physical things.

Imagine winning a rare skin or a powerful weapon: it's no longer just part of the game, It's your digital asset, and you can take advantage of it in the real world.

What is it? - PRO

Blockchain gaming is the integration of blockchain technologies in video games, allowing players own, exchange and monetize digital assets in a decentralized and verifiable manner. These assets can take the form of NFTs (non-fungible tokens) —such as characters, skins, weapons, land, or collectibles— and fungible tokens that act as the game's internal currency or reward.

Unlike traditional video games, where the items are controlled by the developer's servers, in blockchain gaming the assets belong to the player and are registered on a distributed network.

In addition, many blockchain gaming projects fall within the framework of interactive metaverses, where users not only play, but also they create content, buy virtual land, vote on game decisions (DAO governance) and are actively participating in decentralized economies.

This model opens up new avenues for Creator's economy, the Monetization of the gamer experience and greater freedom for users within the digital ecosystem.

Key points

  • Real ownership and interoperability between platforms or games.
  • Inventory liquidity through secondary markets and exchanges.
  • Economic Incentives through models such as:
    • Play-to-Earn (P2E): rewards in tokens with value outside the game.
    • Move-to-Earn/Create-to-Earn: variants focused on physical activity or creativity.
    • Own-to-Play: where users access the game by purchasing NFTs.
  • Advantages

  • New opportunities for players and creators.
  • More open and just economies.
  • Incentives for active participation
  • Disadvantages

  • Volatility in P2E economies.
  • Danger of over-speculation.
  • Challenges in user experience and scalability.
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