Over the last several years, the gaming industry has witnessed incredible growth. Expanding 23% in 2020 from the year prior, its integration with blockchain has seen play-to-earn and crypto models skyrocket in popularity. Against this backdrop, many gamers and developers are skeptical about the benefits that blockchain can bring to games, leading to recent backlashes against some studios that are integrating NFTs. Tangible use cases that showcase the benefits and solutions that blockchain can bring will be important for demonstrating that this technology can enhance what players already know and love about gaming.
Through backend games with blockchain technology including decentralized identity (DID) solutions, players can truly own and get rewarded for their in-game assets in a way that hasn’t been possible before. In doing so, they are tied to a safe, secure online identity that will be transportable across multiple different virtual worlds.
Blockchain allows studios to take the gaming world to a whole new level. It can help ensure that in-game items are traceable and that the value they hold isn’t just locked inside a game. Tying blockchain to in-game items such as weapons, skins, and other collectibles enables them to retain a new, unique form of value, while also ensuring that value stays safe. This means that if a game is eventually deleted or sold to another company, players can always retain their value. By tying a digital record of an asset to a person’s decentralized identity, players can prove that they own the item and can carry that record out of one game if needed. In this way, DID can facilitate interactions between different blockchain-based games to offer a diverse range of benefits for players.
DID solutions are blockchain infrastructure that can back-end a game to verify players’ identities, confirm traceability and validity of their in-game assets, and ultimately increase player security. As the gaming industry grows, so does the appetite for confirmation of ownership of in-game objects like treasures, trading cards, and other quest items that can be collected, and blockchain can help users to meet these needs.
DID solutions also mean that players own and have full control over their own personal data, enabling them to log in securely to different systems without exposing their private information. This level of security is a crucial element for gaming, ensuring that every transaction within a game is verifiable, securely recorded and stored, and most importantly cannot be altered. Players pour countless hours into building their gaming profiles, skills, and collecting items. DID can help gamers to secure these gaming assets while also protecting their privacy and preserving their valuable time. Solutions are designed to allow players to create a stronger version of their online identity and with complete control, the DID holder can decide what information they choose to share with a private key that grants access to the verified user only.
(All information was provided by VentureBeat)