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with how big a buzzword blockchain has been in the cryptocurrency world it was

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probably only a matter of time before video games hopped on the bandwagon and

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indeed we are seeing blockchain or play

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to earn games starting to surge in popularity but how exactly does a video

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game use something like the blockchain

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the basic idea is this either the games are free to start playing or you pay

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some sort of upfront cost often in crypto to play the game and as you play

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you earn in-game assets in the form of non-fungible tokens or nfts in case you

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don't know what an nft is it's kind of like crypto in that it's stored on a

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blockchain but unlike crypto each nft is

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unique so they're often artworks songs

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or even memes for gaming though they tend to be in-game items like weapons

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cosmetic skins or other collectibles but

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hold on a second how exactly is this different from the more familiar system

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of earning items in game through play or through microtransactions with regular

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or in-game currency well probably the biggest difference is

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that because the assets are stored on a public blockchain with ethereum being a

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particularly popular one players own the

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assets that they earn so if you earn some kind of sweet collectible then

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something happens to the game servers or the developers just decide to pull the

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plug your item will still exist on the blockchain and it will still have a

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value as long as there's demand for it and the

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fact that it's on the blockchain could make it easier to move assets between

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titles even from different game studios since developers would have to do less

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legwork to enable this functionality so imagine for example using a fortnight

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skin in call of duty indeed some popular blockchain based

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titles like axi infinity already have large followings of people that are

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making a profit sometimes a substantial one on items that they have earned in

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game making it appealing to folks that want something more than just a better

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gameplay experience after plunking down their money thanks to eaton for

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sponsoring today's video eaton is the first major manufacturer to offer a

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global double conversion one to three kilovolt ampere lithium-ion ups to the

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market the eaton 9px lithium-ion ups is

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a tower and rackmount capable ups that features an extended battery life of 8

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to 10 years so you can set it and forget it you can also connect it with eaton's

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leading cyber security network card environmental monitoring probe and

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automatic transfer switch for expanded cyber security 24 7 monitoring and

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redundancy respectively save yourself time and money while

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reducing potential risks with the 9px lithium ion ups today one possible

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pitfall of blockchain games is that they are still based around the idea of

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making transactions after you buy the game so they come with a lot of the same

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concerns as traditional microtransaction heavy titles

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nfts are already seen by some tech enthusiasts as gimmicky since anything

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can be made into an nft and and any nft could easily turn out to

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not have any real value then you've got the fact that some

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blockchain games bear a lot of similarities to

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freemium or pay2win releases where you are still paying real money in order to

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get a competitive advantage in fact valve has already banned blockchain

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games from the steam store possibly due to concerns around items with real world

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value and blockchain games have already made negative headlines after one

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developer sold a bunch of nfts ahead of the game's launch to help fund the

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operation but then the dev just took the money and ran

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however other major names in the video game industry seemed to think that

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blockchain technology will be a big part of the future of gaming with ubisoft

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looking at incorporating the concept and ea more or less openly embracing it with

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their ceo saying collectible digital content will be a meaningful part of the

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company's strategy going forward and however you feel about that it's not

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super surprising considering that ea has already made colossal amounts of money

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off of fifa packs as for the consumer side what remains to be seen is if

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blockchain will raise or lower the barriers to entry for gaming while it's

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possible that it could make gaming cheaper in some situations since

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developers could offload certain tasks onto the blockchain instead of using

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their own servers it could also drive up the value of the in-game items or

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characters that players need to be competitive i mean it can already run

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you over a thousand dollars to buy a decent team in the aforementioned axi

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infinity for example but there are other projects out there

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that are less paid to win and more about accumulating collectibles such as

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supdrive which offers classic arcade style games where the games themselves

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are the nfts with each game having unique colors art or difficulty

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so hopefully we'll see the blockchain paradigm refined as time goes on in a

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way that works for gamers rather than against them

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just as long as we don't end up having to pay a thousand bucks for a luke

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skywalker nft you know i am your son wait no that's not how it

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goes like or dislike check out our other videos and leave a comment if you have a

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suggestion for a future fastest possible oh yeah subscribe did i say subscribe