What is the Blockchain?
The blockchain is a chain of data blocks on a decentralized network. These records are accessible and transparent to all users. They cannot be altered and provide a secure and complete recorded history of all data on the network.
What are NFTs?
NFTs stand for non-fungible-token. They are one-of-a-kind items that can be traded, bought, rented, or sold. For example, an NFT can be a picture of an animal, a song, a sword, a character, a plot of land, etc. NFTs can take any form, but all give you ownership of the asset indefinitely as long as you hold it.
The Dawn of Blockchain Gaming
Integrating blockchain technology into gaming creates a staggering opportunity for gamers and studios.
Ownership of Assets
Games condition users to pay for assets with credit cards or in-game tokens. These payments go to the studio, which retains ownership of the assets. The player has no true ownership right to those purchases.
With blockchain gaming, the studio sells the asset to the gamer, who then has complete ownership. This NFT cannot be revoked, removed, or taken. The property will always remain with the game player who holds them.
World of Warcraft, Hearthstone, Skyrim, and thousands of other games incorporate rarity in their items. For example, you might get a common card, an uncommon helmet, or a legendary artifact from a quest. While these items may be difficult to convey, you will soon notice that every other player in the game eventually wins the same thing. When everyone has a legendary item, there are no legendary items.
Blockchain gaming allows for scarce items. For instance, you can have a weapon that only 100 players worldwide have. That weapon is verified on the blockchain. You can even track who has held the weapon since mint. Verifiable scarcity makes the playing experience incredibly rich as you play to claim the limited loot supply.
Scarcity holds hands with supply, demand, and ownership. Traditionally, players could win the same weapon, and the studio retains this asset. In blockchain gaming, there are non-fungible items that only one player can win. These NFTs may have a limited supply, driving up their value.
The owner of the NFT can now interact with other players to trade, rent, sell, or buy in-game assets from other users. These transactions are secure and enhance the social aspect of gaming, allowing players to earn rewards.
Blockchain technology is incredibly secure. The decentralized servers and data encryption prevent hackers from accessing player data. The technology creates a safe environment for developers, allowing them to focus on creating worthwhile games without the risk of network vulnerabilities.
Blockchain gaming will enhance user experience, speed development, and create a productive environment for gamers and creators forever. Blockchain tech will disrupt the entire video game industry, providing new avenues for innovation and connectivity we have never seen before.
The Sabre Games team has developed over 160 games with 20 million downloads and is committed to bringing that experience to the blockchain.