Video games incorporating elements that employ blockchain technology based on cryptography are known as “blockchain games” (also known as “NFT games” or “crypto-games”). Players may purchase, sell, or trade in-game goods with other players when a video game uses blockchain technology, particularly cryptocurrencies and non-fungible tokens (NFTs).

New York, Jan. 26, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Blockchain Gaming Market Size, Share & Industry Trends Analysis Report By Platform, By Game Type, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06412014/?utm_source=GNW
As a method of commercialization, the game publisher deducts a charge from each transaction.

Due to the technologies they include that let players earn bitcoin via gaming, a subset of these games is sometimes called “play-to-earn” games. Numerous AAA publishers want to use this technology in the future. However, blockchain technology has drawn criticism from gamers, game creators, and game corporations for being superfluous, unsustainable, and exploitative.

Cryptocurrencies and NFTs, which use blockchain technology, are prospective revenue streams for video games. Many online games allow players to customize their characters using skins or other in-game goods, which they can acquire and exchange with other players for in-game cash. Certain games’ features are the ability to trade virtual goods for real-world money….