In recent years, blockchain gaming companies have emerged as trailblazers, revolutionizing the way we play, trade, and interact with video games.
In this blog post, we will explore the fascinating realm of blockchain gaming, and its benefits, and delve into some of the top blockchain gaming companies that are leading the charge.
What is Blockchain Gaming
Blockchain gaming refers to the integration of blockchain technology into the world of gaming. It combines the principles of decentralized blockchain networks with the interactive and immersive nature of video games.
Okay, imagine you have a notebook.
This notebook is very special because it can keep a record of everything you write in it. But what’s even cooler is that nobody can change or delete what you write once it’s in the notebook.
That’s what we call a blockchain!
The Magic of Blockchain Gaming
Now, let’s talk about the magic of blockchain gaming.
In your regular and usual games, you might have some cool items or characters, but the downside is that they belong to the game company.
With blockchain gaming, you can actually own those items and sell or trade them back as an NFT to other people in need of the items!
And that’s just one of the benefits.
It’s like having a treasure chest full of magical things that no one else can take away from you.
And since everything being done will be recorded on the blockchain, you can prove that you own these special items.
With this, you have a certificate that says, “Hey, I’m the real owner of this cool sword!”
Benefits of Blockchain Gaming
Ok, in the last section, I must admit I got a little bit carried away in the description, yes.
But what about the benefits of gaming on a decentralized chain?
Are there any benefits? Yes, there are loads of them.
True Ownership of Virtual Assets: Virtual items and characters are not yours when you play classic video games, even though you acquire them. Your items are always subject to revocation or deletion by the game developer.
However, with games developed by blockchain gaming companies, virtual item ownership is decentralized and stored on the blockchain. Once you obtain a character or item, it is recorded on the blockchain and cannot be taken away from you by anyone, except you chose to sell.
Trade and Monetize Virtual Assets: Blockchain gaming companies allow their gamers to directly trade virtual assets with other players like it’s a marketplace.
You can exchange or sell your in-game cash for real money, like cryptocurrencies, as well as your items, characters, and the in-game currency itself. This creates a vibrant and dynamic player-driven economy by giving players the chance to make money or recoup their investments.
Trust and Transparency: Blockchain gaming companies with their technology guarantee transactions in the gaming industry are transparent. All players can see the blockchain record of every move and change made throughout the game.
Because users can confirm the rarity and validity of items or the fairness of game rules, this transparency fosters player trust.
Empowerment of Gamers: The top blockchain gaming companies usually empower their gamers by giving them more control and influence over the game world. Gamers can participate in decentralized governance systems, contribute to game development, or even create their own content.
This level of player empowerment fosters a sense of ownership and community involvement.
Provably Fair Mechanics: In traditional gaming, players often have to trust that the game mechanics are fair and not biased against them. With blockchain gaming, certain aspects of the game can be designed to be provably fair through the use of smart contracts.
This means that players can independently verify the fairness of algorithms and game outcomes.
Engagement through Tokenization: Blockchain gaming often incorporates token systems where players can earn or receive tokens as rewards for their in-game achievements.
These tokens can have utility both within the game and in the broader blockchain ecosystem. Players can use tokens to unlock special features, participate in token-based events, or trade them for other digital assets, sometimes real money.
Popular Blockchain Gaming Companies
Immutable is a blockchain gaming company that has developed the platform Immutable X, which aims to enhance everything about blockchain gaming.
Their platform, built on the Ethereum blockchain, scales NFT transactions while maintaining the security and integrity of the blockchain.
Immutable X allows gamers to quickly transact NFTs across their network of marketplaces, and it also eliminates the need for users to pay gas fees by providing carbon-neutral NFTs. One of their well-known games is Gods Unchained, which becomes more accessible to everyday players through their platform.
4. SuperTeam Games
SuperTeam Games is another top blockchain gaming company that combines next-generation gaming with an interactive NFT marketplace.
Their focus is on sports games that can be played across platforms while upholding the standards set by large game franchises.
They have released their first product, STG Football, which is a multiplayer football game where the marketplace features real-life NFL players. Users can purchase digital packs to own, level up, and customize each player.
Visit their website here: STGGAMES
3. Mythical Games
Mythical Games is a blockchain gaming company studio located in Sherman Oaks, California.
One of the core services of Mythical Games is its platform and marketplace, which enables developers to integrate blockchain economies into their games.
This means that game developers can create spaces within their games where players can buy, sell, and exchange digital elements securely using blockchain technology.
They operate on ledger technology to help grow digital economies based on digital assets, verifiable trading methods, and product scarcity. Their platform and marketplace enable developers to integrate blockchain economies into their games and create spaces for buying and exchanging digital elements.
2. Dapper Labs
Dapper Labs is a well-known blockchain gaming company that is very famous for developing the blockchain game called CryptoKitties, which involved collectible virtual cats.
CryptoKitties became immensely popular when it was launched in late 2017, attracting a large community of users who were fascinated by the idea of owning and breeding unique digital cats.
In addition to its successful games and partnerships, Dapper Labs has developed its own blockchain called Flow. Flow is designed to address scalability issues commonly associated with blockchain networks, allowing for smooth and efficient experiences for users.
In October 2020, Flow was sold at the cost of $18 million by the parent company.
1. ANIMOCA BRANDS
ANIMOCA BRANDS is a leading digital entertainment and blockchain gaming company. They are fully dedicated to revolutionizing the way people play, interact, and engage with digital content.
To introduce well-known characters and franchises to the world of blockchain gaming, ANIMOCA companies has partnered with various well-known companies, intellectual properties, and content producers.
They have developed thrilling gaming experiences that appeal to fans and present fresh approaches to connecting with adored characters and settings.
The blockchain gaming company’s portfolio includes a range of successful titles and projects. Some of their notable games include “REVV Motorsport,” a user-generated content platform where players can create, own, and monetize their virtual experiences, and “F1® Delta Time,” an official Formula 1 blockchain game that allows players to collect and trade digital collectibles based on the popular motorsport.
Blockchain gaming companies offer unique benefits with the new technology they have that traditional gaming lacks.
True ownership, the ability to trade and monetize virtual assets, transparency, protection against fraud, player empowerment, provably fair mechanics, and engagement through tokenization are some of the advantages that make blockchain gaming an exciting and innovative frontier in the gaming industry.