When the PS2 console first came out in 2000, it stunned gamers all over the world thanks to its good-looking video games. Fast forward to 2023 and few people like to play retro games. Everyone thinks PS2 and PS3 games look terrible.

The explanation is that technology has changed video games so much people have super high expectations from the industry. In this article, we’ll look at an innovation disrupting the gaming industry significantly: blockchain games.

More so, we’ll outline the different types of games created on the blockchain. Additionally, we’ll highlight the top benefits of the blockchain to gamers.

Play-to-Earn Games

Play-to-earn games are Blockchain-based games with in-game cryptocurrencies and Non-Fungible Tokens (NFTs). Take Axie Infinity as an example. It features two in-game coins: Axie and SLP. An Axie is also the name given to the game’s characters.

To play the game, you must purchase at least three Axies. You can breed more Axies and later sell them for real cash. You can also use these characters to win battles or complete daily quests.

If you choose to breed Axies, you must buy another token called Smooth Love Potion (SLP). If you own AXS or SLP coins, you can also use them to buy virtual pieces of land in the Metaverse. 

During Bitcoin’s last Bull Run, Axie Infinity was arguably the most P2E game. Some people would make so much money from the game that they would quit their day jobs.

 Provably Fair Games of Chance

If you play games of chance like slots, you must know you can’t really verify whether a game is fair. Sure, you can play a slot and call it fair if you win. But if you lose your money, there’s no way of telling whether it’s rigged.

Well, now you can verify the fairness of games of chance thanks to Blockchain technology. The Blockchain shows you the seed phrase used to trigger winning symbols in a casino game. In fact, you can review an entire game to verify that you won or lost fairly. 

That said, Blockchain casino games won’t replace conventional games any time soon. They don’t always have high payouts or top-notch graphics. Also, the world has yet to adopt crypto fully.

But in the future, these games could become more popular. All the leading online crypto casinos provide a small variety of Blockchain games. Usually, many casinos combine traditional with crypto games to provide variety to players.

How Blockchain Technology is Changing Online Games

Below are the main ways blockchain technology is changing online games:

#1: Convenient Payments

One of crypto’s best benefits is that it supports borderless transactions. This means it makes gaming accessible throughout the world. Picture this. You own an NFT at a popular Play-to-earn game.

Thanks to crypto, you’re not limited to who you can sell your NFT to. All you need is to make your virtual asset available on the game’s marketplace. Then, anyone with crypto in their account can purchase your NFT.

Another example of crypto making payments convenient for gaming is in the casino sector. It allows you to gamble online no matter where in the world you’re located.

The payment process is usually straightforward. Look for a Bitcoin casino and use it to deposit funds. If you’re into Ethereum, find the best Metamask casino sites in your state or country.

Metamask is an excellent option for people who own Ethereum or other coins built on the Ethereum blockchain. If you own Bitcoin, Litecoin, or Bitcoin cash, find an alternative wallet.

#2: Owning In-Game Assets

By now, you might have already realized one thing about crypto games. They give you total autonomy over your in-game assets. You see, you don’t really own the skins accumulated in games like Fortnite, CS: GO, and Call of Duty.

Sure, you can sell your CS: GO skins through a third-party skin trading website. But let’s say you lose your gaming account. You’re also likely to lose your skins. If you also stop playing a video game, the skins you have accumulated no longer serve a purpose.

Crypto gives you the power to use video game-related assets as you wish. If you accumulate $500 worth of skins on PUBG and decide to sell them, this could soon become possible.

If the industry achieves interoperability, it will also become possible to transfer assets between video games. You could transfer a rare weapon from Fortnite to Dota 2, something nearly impossible presently.

#3: Fast and Affordable

Another benefit of crypto is that it processes payments quickly. Usually, the cost of transacting is low. Bitcoin processes payments within 10 minutes while Ethereum takes half the time.

Some cryptocurrencies—Ripple, Solana, and USDT—process transactions in under a minute. The best part is that they charge insignificant fees. You could send up to $1 million worth of USDT and pay less than $10 in fees.

Considering many video game payments are microtransactions, crypto fits into the ecosystem. Whether you want to buy gold coins at a mobile game or spend $10 on a rare weapon, crypto facilitates smooth and reliable payments.

In some cases, you can pay for gaming products without even giving out sensitive personal information. Bitcoin was designed with privacy in mind. It doesn’t ask for your name, email address, or credit card number. 

All you need is a crypto address. An address is a combination of unique numbers, letters, and characters secured using cryptography. This gives you privacy when making all sorts of payments. 

#4: Dictating Gaming Trends

As crypto grows in popularity, so is its influence in the gaming community. In the past, not many people cared about crypto’s contributions to gaming and other industries. 

These days, games and products created on Blockchain technology have been making waves constantly. Take crash gambling games as an example. These games are based on pure luck.

They challenge you to make money through multipliers. For example, Aviator game lets you predict whether a plane will crash before a certain multiplier. The multiplier increases as the plane flies. You can cash out at any moment. But if you wait for too long, the plane will fly away with your money.

Aviator is an example of a crypto game influencing the iGaming industry. It’s become so popular that many casinos are now offering it.