Some developments that have emerged in the blockchain and cryptocurrency arena throughout time have already demonstrated considerable promise. For example, non-fungible tokens (NFTs) have been sweeping the globe since 2021 and show no signs of stopping.
While NFTs are anticipated to grow in importance in 2023, decentralised gaming has begun to gain ground. Smart contracts are the foundation upon which decentralised games are created. While some blockchain-based games own the in-game items they control, others use the technology to manage whole universes.
Blockchain gaming has already made a significant contribution to the growth of the cryptocurrency sector, even though fans are still waiting for it to achieve its zenith.
Reviewing the fundamentals of blockchain is highly recommended to completely comprehend the idea of decentralised gaming. Blockchain gaming is a distributed public ledger with no central repository at its heart.
Decentralised games are distinguished from conventional ones by their intrinsic decentralisation, which places little to no reliance on a single server.
Users may engage in more engaged and immersive gameplay when the games are decentralised. On the other hand, players of conventional games are limited to playing within the constraints imposed by the game’s designers. Not to add, while playing any blockchain-based game, players may get passive revenue.
Despite how alluring the aforementioned main qualities may sound, there are still some areas where traditional gaming excels. AAA games, for instance, are far superior in terms of entertainment value and sustainability.
For decentralised games to experience longer life cycles, sustainable growth is essential. Several ventures generate ripples initially but fall flat later on and lose their initial excitement.
Here are a few challenges that game creators must overcome right away to stay alive in a highly competitive industry.
Building Player Value
Creating appropriate value is the first and maybe most significant problem that blockchain gaming has to solve. Evidently, there are many frauds and schemes in the cryptocurrency market. The public has begun to question the space due to the rise of fraudulent activity. As a result, switching to decentralised games got more challenging for web2 gamers.
In the blockchain gaming sector, there have been a few significant hacks recently, which have negatively impacted consumer perception. Due to the Ronin bridge breach, gamers of Axie Infinity had more than $600 million worth of cryptocurrency stolen from them. A $3.5 million rug pull also hugely impacted the recently released web3 game Dragoma.
In general, most decentralised games provide ‘grinding’ as gameplay. To put it simply, this refers to the behaviour of doing activities to acquire stuff. Intending to enhance both the entertainment value and the game’s gamified components, Planet IX is constantly adding new and exciting layers to its game.