3 ways blockchain games could overtake traditional gaming

The kind of gaming that’s risen out of the crypto world is gaining so much steam that blockchain games could overtake traditional gaming. 

The gaming industry is certainly a large one that is well established and extremely difficult to disrupt. But then, so was fiat currency, and look where it’s gotten itself by ignoring crypto for too long.

Here are 3 ways blockchain games could overtake traditional gaming.

Real economic impact

With decentralized blockchains, NFTs, and the growing digital world — including the metaverse — things that are valuable digitally have suddenly become valuable in the real world. That makes people’s eyebrows shoot up in a way the gaming industry never could before. Digital assets in game economies, until crypto, were more like monopoly money because they only had value within the game. 

Blockchain games could overtake traditional gaming by making themselves an extension of the global economy instead of pure entertainment. In the past, one of the only ways to earn money gaming was through spectators — much like athletes. But now, that exclusivity is dissolved when everyone can play and earn real assets.

Market participation

Another way blockchain games could overtake traditional gaming is by expanding the market. Until now, the motivation to game was largely enjoyment. With digital assets at stake that hold real economic value, there are more incentives to play, increasing the gaming industry audience. 

Not only that, gaming is getting easier and easier to access, and therefore, less exclusive. Blockchain games with real world utility can be played more easily as internet access spreads and mobile gaming and free-to-play expands. With the added incentives of blockchain games, people in developing countries have much more reason to participate.

More player autonomy

As with the rest of crypto, decentralizing previously centralized industries provides more freedom and autonomy to the users of the ecosystem. With banking, crypto cuts out intermediaries. In the gaming industry, blockchain can give players real ownership of their digital assets in a way that wasn’t possible with centralized gaming models. 

In the centralized gaming industry, players’ digital assets are beholden to the whims of the game developer and the gaming world they’re operating in. With blockchain and NFTs, players can actually own their digital assets, transfer them outside the game, and even use them to gain yield with GameFi.

For real — blockchain games could overtake traditional gaming

The rapid advancement of blockchain technology and its many use cases is changing almost every industry it touches. But at the same time, it’s also bringing them closer together as they overlap. The gaming industry is overlapping with finance, which is overlapping with data security, which is overlapping with art, entertainment, and business. These blurry lines are going to change industries in ways we never thought possible. But one thing is looking more and more likely: blockchain will be a pivotal part of each industry transformation — and gaming is no exception.