Blockchain in Gaming Industry Blockchain in Gaming Industry | Page 3

So how it works in the gaming sector?
According to the enthusiasts who already dug this part, they proclaim a variety of blockchain
application models in video gaming. They say Bitcoin technology could be implemented in place to
manage in-game currency accounts. In case, if a player wins certain rounds of the game or successfully
progress the levels in the game, the accolades can be in the form of cryptocurrencies. They can be
rewarded with bitcoins or other crypto coins replacing the heritage coins, gems or other glossy
collectibles. Blockchain technology could be effectively used as the backbone of the in-game account
function.
One of the apparent benefits of enforcing crypto coins in place of traditional rewards is that
cryptocurrencies ensure with a fast and secure payment network. This can be thus effectively utilized
for generating native in-game tokens assuring seamless mode of the transaction on decentralized
exchanges. Platforms like OpenSea enables users to pay for virtual collectibles utilizing Ether, while
other decentralized trades, for example, Wax empowers users to pay in the local WAX token. The enjin
platform further enables tech experts to manufacture fungible in-game digital monetary forms and
resources as a part of the ecosystem.