Top Five Immersive Blockchain-Based Games Of The YearBlockchain Gaming Market Continues To Grow |
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Blockchain is a relatively new concept in the tech industry that has gained much attention and adoption among users. It is an alternative method of transaction that uses an electronic ledger that is transparent and resistant to manipulation from any party. Transactions in this ledger are stored in groups or blocks, and each block is linked to a previous block, creating a continuous chain of blocks. The link usually references the last block stored in the new one. Blockchain offers secure and transparent platforms for transactions and has, therefore, been adopted into various niches in tech.
Blockchain in Gaming
Game providers came to realise blockchain’s potential in the world of gaming, so many have started adopting it. Although blockchain games began in 2017, the concept did not increase in popularity until 2021. The system allows players to purchase and exchange items in their video games and earn while playing. In 2022, the blockchain gaming market reached a record high of $4.6 billion, and it is projected to grow at a compound annual growth rate (CAGR) of about 70% up until 2030.
Still, there are stringent laws regarding blockchain games in several nations. Casino games have also embraced blockchain technology for transactional purposes. You can now enjoy your favourite casino game on a blockchain at Australia’s online casinos, which offer a wide range of crypto such as Bitcoin, Ethereum, Litecoin and more. If you want to experience a blockchain game, try any of the top 5 immersive blockchain-based games this year.
The Sandbox
Gamers can develop and trade items in the well-known blockchain-based virtual world game The Sandbox. Your belongings in The Sandbox are your property, allowing you to sell them. The game’s main objectives are to produce objects, construct environments, and create experiences. It is a space for players to come and express themselves as they can during 3-card poker gameplay. Also, the Sandbox offers an online community for players to interact with and a play-to-earn structure. In The Sandbox, Ethereum can be used for transactions in addition to the in-game SAND tokens.
Axie Infinity
Another popular option for the best blockchain experience is the Axie Infinity. This game introduces a new concept where players breed fantasy animals called axies. You can collect creatures to form an army you can battle within multiple game modes. Axie Infinity blends the video game fantasy with NFTs built on the Ethereum network. The beasts or Axies you collect are NFTs you can trade with online. In Axie Infinity Land, players have a virtual space to create and sell items and drive an economy within the Axie Infinity world.
League of Kingdoms
League of Kingdoms is among the top-rated games on the blockchain. Creating cities and managing kingdoms are the primary goals of the game. You can establish alliances and communicate with other players in the game. Managing kingdoms in the game requires both real-time strategy and resource management. In this play-to-earn game, ideas are made by the community to aid in decision-making. Players purchase land lots on the blockchain network to build settlements and create resources.
Ember Sword
Ember Sword combines role-playing games (RPGs) with blockchain games that use non-fungible tokens (NFTs). Within the made-up universe of the game, players can converse with one another. Like in classic RPGs, completing quests requires engaging in combat with creatures. It is also a play-to-earn platform that provides land ownership based on blockchain technology. In Ember Sword, there is a specific marketplace where players can trade in-game items and NFTs. The premium version of the game comes with even more features.
Splinterlands
In Splinterlands, the objective is to assemble a deck of your best cards for face-offs. By trading or meeting game conditions, you can earn currencies that can be exchanged for other currencies. Community members vote on changes they want to see and compete against one another on a rating system. In the play-to-earn community offered by this game, users can earn money while pursuing their preferred pastimes.
Challenges With Playing a Blockchain Game
Players may enjoy a transparent and decentralised gaming experience with blockchain gaming. Even though you might be eager to try a blockchain game, there are a few things to be aware of.
Systems and Transaction Fees
Humans love simpler systems. While introducing blockchain games is a positive technological advancement, some players would rather not play because it can be complex. Concepts like wallets, keys, NFTs, and blockchain networks may not appeal to some who want to relax with a game. Regarding transaction fees, it seems players don’t talk enough about how high the cost of transactions may be on blockchain networks. Gas fees may fluctuate to higher prices during network congestions.
Regulations and Loss Risk
Blockchain is still a new concept in technology, and as such, government laws are still fluid and can pose legal threats to players. There are regulations to consider while using assets across blockchains.
Developers reserve the right to abandon their games if needed, which is a financial risk for players. You stand to lose a lot of money if the developer closes a game where you have made a lot of investments. You might also lose a lot of money if the value of the crypto or NFTs depreciates. The fluid value of cryptos may promise a gain in investment, but it leaves room for a loss, too.
Why Should I Play Blockchain-Based Games?
If you are still sceptical about Blockchain, here are some reasons for you to change your mind:
Blockchain games can be a fascinating choice if you’re curious to learn more about the possibilities of blockchain technology or if you like the concept of owning your virtual possessions.