Blockchain Enables Legitimate Profit Through Gaming
Would it be possible to legitimately earn money by playing games?
From users who pay a certain amount of money each month to gamers who spend hefty amounts for in-game cash, numerous people spend money when playing games. As a result, users who don’t spend money feel a relative deprivation, and heavy users pay more and more on games. Is it possible to make money while playing the games I enjoy?
Gaming Profit Until Now
There definitely are ways to make money through gaming today. Transaction methods through various brokerage sites have been used to cash in on premium items. However, cash transactions of items through an external intermediary instead of a gaming platform are not only a security risk, but also have the side effect that causes so-called “workshops” or hackers to constantly aim at items that can be cashed in. In addition, there is the risk of fraud and the problem of tax evasion linked to item trading that is carried out one-on-one. Up until now, game item transaction has been more of a complicated and negative factor for the general users.
How Blockchain Changes Transactions
However, if blockchain is applied to games, all kinds of transactions, of course including items, are expected to be much more easier and safer than now. Through smart contracts, safe transactions without intermediaries become possible for users’ items that are registered on the blocks, and items acquired in-game can be easily traded by anyone, regardless of if he/she is a light user or heavy user. As a matter of fact, “CryptoKitties,” a simple Ethereum-based game (which is a blockchain OS) where users transact virtual kitties using the Ethereum coin, had an explosive response from the users and gave a glimpse of the opportunity for blockchain games.
A Fundamental Change in the Way Games are Viewed
As mentioned before, playing games is closer to spending money than earning, and therefore users who love games are seen as people who waste time and money. However, if blockchain is incorporated into games, the fundamental view of games could change. Beyond being just a mere stress reliever and hobby, users would be able to make legitimate profit through games if a game and platform that’s blockchain based is created.
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