How Blockchain Allows Gamers to Truly Own Their Booty
These days, video games have become far more than mere games. Today, they are now widely considered as a lifestyle, a business, and more.
A huge number of professional gamers play for titles as well as for the money that comes with them. However, others are grouping, gathering, chatting, organizing, buying and selling. This is because virtual goods now have real and great value.
Many of the games today have established their companies as one of the top paid transactions for items, characters, and currency. However, the details on how these purchases interact – such as the pricing and the trading – are usually not clear. Oftentimes, this is caused by the diversity of games, which in turn can result in distrust and confusion. What players want is privacy, transparency, and consistency, and blockchain could be the best solution. Some companies are now delving into Cryptocurrency Signals to take their games to the next level.
Owning Virtual Items
A lot of companies are now beginning to farm in-game gold and items, especially with their profit-producing potential. Gold farming began to get popularity during the mid-2000s. By the time, it was already complete with features like digital sweatshops that let workers spend days grinding in games. Free-to-play games have managed to turn this into a business model that trades official virtual goods with real cash. Because of this, gamers are now going down the rabbit hole as they purchase virtual goods for games that aren’t even complete yet.
Nevertheless, transactions remain unclear. Many games ban the selling of in-game items which pushed people to go for black market transactions. What’s more, a lot of players like this new transaction trend as they feel that they actually own the items that they’ve purchased. However, this only triggered the birth of more and more scams. After all, the black market is involved.
To take action, game developers intervene by issuing temporary suspensions to outright bans to those who get caught. Still, most are left undiscovered, so some are encouraged to take the risk anyway.
All of this boils down to the main problem of players’ legal ownership to the in-game wealth that they’ve gathered which has cost them time and real money.
Bitmex trading and crypto trading with reliable platforms helps turn the situation upside-down. As digital ledgers, crypto companies make transactions safer as the information is not stored on any computer but rather on a network of computers in which no single computer has a hold on. What’s great is that each transaction is verified in the same way. Plus, transactions are still valid even when a computer goes offline. This means that players can make transactions at any time of the day.
With the decentralization nature of the crypto world, players can enjoy true ownership of their in-game wealth. Because the database is not dependent on an individual or organization, its records are accurate, objective, and fair.
With all this, it’s safe to say that whatever the future of crypto games may be, it will surely go in unexpected directions – one that will surely put an impact on all entities in the world of crypto games.