Blockchain taking the gaming industry to a new level
Nowadays, blockchain technology is about more than just cryptocurrency.
For example, the gaming industry has always been quite controversial due to a whole range of issues. Many players are particularly concerned about the protection of their data, fraudulent activities, high fees and unfair and hidden odds, in the first place.
Blockchain technology solves the main issues in this sector.
Fraud reduction
Strong data encryption is one of the main advantages of blockchain technology. Moreover, it is completely comprehensible and transparent to the player. In other words, blockchain is a game changer for places like online casinos, lotteries, and anything based on random number generation.
Simplifying in-app purchases
In-app purchases are especially popular and remain among the main ways for game developers to monetize their growing user base, supporting their business and retaining players in the game.
When players are allowed to purchase in-game assets using a special cryptocurrency, this eliminates third parties and delays. In other words, players will be able to purchase in-app items instantly and cheaper.
Unique compatible player profiles
If the game is developed on the blockchain, its players will be able to share their unique public address in several games. This means that they will be able to make transactions with their cryptocurrencies in various games from the same public address.
This ensures incredible flexibility and cross-platform compatibility that far exceeds the capabilities and limitations of the existing centralized solutions.
Shared asset ownership
Players do not actually own their in-app purchases in most of the existing gaming solutions. The distinct advantage of blockchain-based games is that they allow players to truly own their assets through smart contracts to manage in-app transactions.
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