Why pro gamers are going all-in on Blockchain gaming

Blockchain gaming is all the rage and is no longer just about casual gamers. Professional gamers are one such group of players increasingly adopting this innovative technology. Incorporating blockchain into gaming offers unparalleled opportunities for ownership, transparency, and monetization, making it an appealing option for those at the top of the ladder in the gaming industry. Blockchain gaming’s future interests pro-gamers, as they believe this will change how they connect to games, make money, and grow their lives. 

Ownership and Monetization of In-game Items 

One of the most revolutionary features of blockchain gaming is the idea of true ownership through NFTs (non-fungible tokens). Unlike traditional games, where in-game items are owned by game developers, blockchain technology allows players to enjoy real ownership over their digital assets. Thus, weapons, skins, or avatars can be sold or traded like any other asset attached to a player’s unique digital wallet.

This shift is more relevant for professional gamers than for others. Players in traditional game environments spend considerable time and money amassing rare and valuable in-game assets only so they do not leave the game world because they cannot move between different systems. These professionals can now earn extra income by selling unique items on secondary markets using NFTs, creating another earning channel based on skills and time invested. This functionality results in financial incentives that reward pro gamers for their efforts, which were impossible before.

Moreover, concerning NFTs in particular cases, these aspects mean there is ‘more’ scarcity than would otherwise exist, which improves their value. Once an item becomes an NFT on the blockchain, its immutability means it cannot be copied or modified, thus preserving its uniqueness among other things within its class. As such, scarcity leads to high values put on any given virtual object, just as the physical world sees valuables going at premium rates due to the rarity factor associated with them. In this new market dynamic, pro gamers who often possess the most sought-after items due to their skill level may stand to gain much.

Fair and Transparent Tournaments 

Blockchain technology is also being considered to address the issue of transparency regarding tournaments and events. In the eSports arena, this is considered a long-standing problem concerning fairness and distribution of prize monies. Blockchain solves these problems by ensuring that every transaction is transparent and cannot be altered or deleted. Smart contracts can be leveraged to automate prize disbursements, thus ensuring prompt payment receipt without any chances for manipulation. As with the involvement of smart contrast in esports, many popular games including CSGO witnessed the rise of participants in tournaments and attracted more viewers towards them, thereby growing the e-sport ecosystem and driving it forward. In the world of competitive CS:GO, ensuring fair and transparent tournaments is crucial for maintaining a healthy and engaging esports scene.

Transparent prize pools and payouts foster confidence, attracting more CSGO gamers and bettors. With blockchain, every transaction is recorded and immutable, ensuring fairness and accountability. This transparency in CSGO esports betting not only enhances the credibility of the competitions but also encourages higher participation from players and bettors, knowing that the rewards are distributed fairly and securely. This kind of transparency brought by Blockchain enables all those involved, like fans, bettors, players, etc., to depend on its integrity without any doubts when looking at the competition’s results. By embracing blockchain technology, esports tournaments could provide a higher level of transparency that many traditional setups currently do not have. It helps keep the integrity of such tournaments yet attracts more participants and viewers towards them, thereby growing the e-sport ecosystem and driving it further forward.

New Earning Opportunities

The blockchain allows for alternative forms of revenue beyond traditional gaming earnings. One especially exciting idea involves tokens used to engage with supporters and secure investments. For example, professional gamers can sell their cryptocurrencies, which fans can buy to support their favorite players or teams. These tokens could entitle holders to unique content, VIP access to events, or even a share of the team’s income.

This model establishes direct connections between pro gamers and their fan bases, thereby creating a more interactive and supportive community. Instead of just observing, the fans now participate in their best players’ lives. This leads to increased funding and better income models for pro gamers.

Moreover, blockchain may enable investments in esports organizations. Teams could use tokenization to get money by selling tokens to investors. Such tokens can embody ownership interests or other forms of participation in team success. Consequently, anyone interested in investing in esports companies becomes free from mediators since these processes become open for all people who like this sport and wish it expand further than it has been up till now. 

Conclusion 

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Blockchain gaming seems certain to change the face of professional gaming. Blockchain can provide pro gamers with many benefits, such as ownership and monetization of in-game items, transparent and fair tournaments, and new ways to earn money. This innovative technology will play an increasing role in the gaming industry with each passing year, thus becoming a must-have area of focus for any esports player who wants to keep up with fierce competition.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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