Planet IX on the Hurdles Decentralized Gaming Needs to Overcome
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Over the years, there are some trends in the blockchain and cryptocurrency space that have already shown great promise. For instance, non-fungible tokens, or NFTs have taken the world by storm since 2021 and haven’t displayed any signs of slowing down. While NFTs are seen to get bigger in 2023, another trend has started to gain momentum — decentralized gaming.
Decentralized games are built on the backbone of blockchain and depend on smart contracts. Some blockchain games hold ownership over in-game assets, while others utilize the technology to run entire worlds. Although enthusiasts are still waiting for it to reach its peak, blockchain gaming has already been a major contributor to the expansion of the crypto industry.
To fully understand the concept of decentralized gaming, it’s ideal for reviewing the basics of blockchain. At the core of blockchain, gaming is a distributed public ledger that has no central authority. This inherent decentralization sets decentralized games apart from traditional ones — which heavily rely on a centralized server.
Decentralized games provide a more interactive and immersive experience for users. On the flip side, traditional games have their players confined to playing only within the parameters set by the game creators. Not to mention, gamers can earn passive income while playing any blockchain-based game.
The above key points might seem enticing, but there are still some aspects where conventional gaming takes the lead. For example, AAA games are miles ahead on entertainment value and sustainability.
Sustainable growth is crucial for decentralized games to achieve a longer life cycle.
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