What is "Blockchain Gaming"?

By Buzzbeeg | The Crypto Cave | 12 Aug 2020


Blockchain gaming is a catch-all term that refers to a video game that incorporates blockchain in some capacity. I have seen everything from the game using it’s own cryptocurrency for purchases to giving crypto rewards to utilizing Non Fungible Tokens (NFT’s). As the old saying goes “There is more than one way to skin a cat” and I think there are many ways to implement blockchain technology for video games.

However, I do think NFT’s is the best way to implement blockchain into video games.

Benefits of NFT’s for Video Games

  • It does not require people to constantly use the blockchain.
  • It gives people ownership of their video game items. Therefore, players don’t have to worry about game servers stealing their items away.
  • It allows game designers to sell video game items before the launch of the game.
  • It allows players to buy, sell and trade video game items on secondary markets.
  • It makes video game items transferable between games and turns them into collectibles.

Silica neXus

Silica neXus is creating a marketplace for NFT’s. It will have shops from partnered game develops, an auction house and peer to peer trading. It will also put kiosks in video game arcades so players win NFT’s instead of Chinese Finger Traps and Vampire Teeth. It will also provide an NFT wallet called a “Trade Binder” which will also connect to the partnered games. I am of the opinion that this will revolutionize video games.

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Buzzbeeg
Buzzbeeg

I work for several Cryptocurrency projects including Silica neXus and Divi Project. I also write on Quora and share many of the same posts that I share here.


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