GAMING IN BLOCKCHAIN

InsideTheHivePod
2 min readJan 16, 2024

How do you define a blockchain?

The Blockchain is thought of as a distributed digital ledger that replicates and distributes transactions over an entire network of computer systems. In a blockchain, numerous transactions are contained in each block. Every new blockchain transaction is documented and added to the communal ledger of all parties involved.

Games created on the blockchain network are referred to as blockchain games. Players can buy, sell, and trade cryptocurrencies or NFTs (Non-Fungible Tokens) with other players using blockchain technology, which gives them total control over their in-game assets.

According to Statista, one of the largest data sources worldwide, when asked how blockchain has impacted the gaming industry, 23% of respondents said it has made games far more dependable and secure.

Introducing an example of a blockchain game called "DEFI WARRIOR." For one thing, DeFi Warrior is a blockchain game since it runs on blockchain technology. The game specifically combines elements of DeFi (Decentralized Finance), Metaverse, and NFT.

To top it all off, DeFi Warrior creates a miniature cryptocurrency realm and incorporates blockchain elements into the game. This would allow players to understand the platform's operation more fully.

OUR SERIES ON GAMING IN BLOCKCHAIN CONTINUES AND I’M CERTAIN YOU DON’T WANT TO MISS OUT. JOIN US IN OUR NEXT ARTICLE AS WE TAKE A WALK WITH YOU.

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InsideTheHivePod

A weekly Web3 Podcast journey presenting motivating tales with creators, startups, and individuals to inform readers about blockchain and the Web3 space.