For all the avid gamers who are wondering what blockchain games are, this one is for you!
As the concept of blockchain was introduced almost a decade ago, there are still questions surrounding it, especially when discussing the gaming landscape.
Therefore, blockchain gaming is a seamless blend of various advanced technologies with crypto or NFT rewards, and it offers complete ownership of the in-game digital assets.
But let’s discover more, starting with what blockchain games are, how they work, and how to choose one to make it your primary source of passive income.
What Are Blockchain Games?
Blockchain games are video games developed on a specific blockchain network to which techs, crypto tokenomics, gameplay mechanics, and other elements are added.
These games are often called crypto, NFT, or Web3 games, depending on the specific element that shines within the gaming ecosystem.
The critical aspects of these games constitute the blockchain trio:
Decentralization is the first aspect since they are built on decentralized autonomous organizations known as DAOs, compared to the traditional game that relies on a single entity, corporation, or brand.
Interoperability is the function to which blockchain games interact with one another regardless of the network, thus expanding its implications and benefits.
Lastly, in-game ownership and P2E rewards make the blockchain gaming world go round. Depending on the earning mechanisms, users unlock new earning opportunities through these games.
For example, a P2E game puts its rewards at stake by empowering gamers to play more and perform the challenges and tasks to earn cryptos.
But this is just an example, as there are M2E games that solely rely on physical effort, or even Free-to-Play that often result in a blockchain and Web3 game that also addresses all Web2 players, but without using cryptos.
FatBoy is one of those blockchain games that takes a holistic approach to serving all its players, regardless of whether they are crypto traders or not. Given its meme-tamagotchi feel and touch, it would be hard to refrain from playing it.
So, circling back to the decentralized nature of these games, another thing is that the rewards can be sold, exchanged, or traded further, thus empowering the game’s players.
What Are Blockchain Games’ Ecosystems?
When discussing blockchain games, we must examine the entire ecosystem, which could have different benefits or pitfalls depending on how it was built.
For example, many games only use their native token to incentivize their players, yet over time, the value of it will mean nothing. In contrast, if the architecture of the ecosystem is built to be sustainable, the results will be just like a snowball effect.
The longer the players are engaged, the more they earn rewards and further invest in the game’s economy, and the more sustainable the blockchain game ecosystem becomes.
But let’s see the stepping stones of a blockchain game ecosystem.
1. Earning Mechanics: P2E, M2E or F2P?
As discussed, any blockchain game should have earning mechanics that keep the ball rolling. The game concept, story, characters, and other details are developed depending on the chosen earning mechanism.
2. Sustainable Tokenomics
The following vital aspect of any blockchain ecosystem is tokenomics, which must be developed and distributed across multiple sections of the entire game development and product roadmap.
Most of the time, tokenomics should allocate cryptos for staking, liquidity, in-game rewards, presale allocation, VP collaborations, and marketing and development teams.
A common practice of these blockchain games is to clearly communicate the established tokenomics to ensure players’ trust and to set up the presales tiers to allow investors, players, and other potential traders to get a grip of the game’s native token.
3. Accessibility at Its Finest
A blockchain game’s beauty lies within its accessibility, from l
ow barrier entry to the device’s operating system besides the device type.
As such, if the game can be played on multiple screens and has an engaging story, it is the recipe for a successful game that keeps players hooked.
There’s also the strong community, which should always be a priority for any crypto, blockchain, or Web3 projects, as it cannot survive without it.
Moreover, as the community can make or break any blockchain game, it is essential to genuinely and authentically address them, care for their pain points, and ensure that the game’s beta testing is going well.
It’s no wonder that in 2024, we live in a cancel culture; thus, catering to a strong and united community could be the key to a successful blockchain gaming project.
How to Choose a Potent and Successful Blockchain Game?
Choosing a potentially successful game is directly tied to the factors discussed. Look at its tokenomics, initial selling price, and market cap—is there room for growth?
You could also analyze the whitepaper and discuss it in detail: who developed the game, and what opportunities does the product roadmap present? What blockchain was it built on, and what is its health?
Does it offer multiple layers of security measurements? Are the in-game rewards safe besides players’ protection?
We know there are many questions here, but if you don’t ask yourself these, any scammer will do it for you, and they could also benefit from these security breaches.
Only by answering these questions can you move along and see if the story and gameplay fit you like a glove, whether you’ve found your favorite character or another.
Then, how is the game’s user experience working out for you? Is everything seamless and with advanced technologies to support your gaming needs, or does it always feel like something needs to be improved, but you need to figure out what it is?
Everything discussed directly affects the games’ development, your gaming experience, and, nonetheless, your earnings.
Final Thoughts
There are hundreds of blockchain games on the market, yet you need to cut the weeds until you’ve found the only one with it all.
Moreover, you shouldn’t compromise, as this is part of your future financial earnings, and spending time in a well-built game could only benefit you.
This notice states that the information provided is not an offer or solicitation to buy or sell securities, and its accuracy or completeness is not guaranteed. The authors may own the discussed cryptocurrency. The content, which is subject to change, is for informational purposes only and should not be considered investment, tax, legal, or accounting advice. Readers are advised to consult professional advisors before any transaction. Visionary Financial does not endorse the content and was compensated for this organic article. Please review their privacy policy, disclaimer, and terms and conditions for more details.
