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      Ownership, Identity, and Now Control Make the Case for Blockchain in Gaming

      Başlangıç May 07, 2025 3m

      Tokenization of in-game assets is among the most significant advantages of blockchain in gaming. Cryptocurrencies and NFTs give gamers ownership of in-game assets like characters, weapons, and skins. NFTs are unique digital certificates of ownership that cannot be copied or altered and are securely stored on blockchains.

      Blockchain's benefits for privacy are also considerable, with anonymous single-sign-on mechanisms doing away with the need for multiple logins, while the right to ownership incentivizes users to keep contributing to the ecosystem.

      Before the days of Web3, players would invest significant resources to acquire in-game assets, but these items remained under game developers' control. Cryptocurrencies and NFTs verify ownership and ensure control over assets, and players can trade, sell, or transfer their assets on diverse platforms.

      Case study: Mythical Games and the Mythical platform

      Prominent Web3 blockchains like Ethereum, Solana, and Polkadot boast unique features and capabilities that help decentralized internet applications evolve. Many EVM-compatible Layer-1 blockchains were explicitly designed for gaming and digital assets. Developers can deploy Ethereum-style smart contracts, which makes it easier for them to build or port apps. Smart contracts enforce ownership rights and the rules for asset behavior, eliminating the need for a central authority to manage these rights.

      The Mythical platform, which supports Mythical Games' game offerings, is grounded in DeFi systems, unified marketplaces, multi-token game economies, and decentralized governance mechanisms. Mythical Games is dedicated to providing unparalleled experiences and empowering players with true ownership of their in-game assets. Its game "NFL Rivals" has been downloaded over five million times, with another exciting game, "FIFA Rivals," coming in the summer of 2025. The platform is a full-scale solution for publishers and developers to integrate a secondary economy into their games, which would give players more agency, enhancing engagement and unlocking new business models.

      Players can transfer their assets between wallets, sell them on the Mythical Marketplace or external marketplaces, or trade with other players. The Marketplace lets players trade, buy, and sell assets securely. All transactions are transparent and verifiable. Thanks to decentralization, in-game items are not relegated to entries in a centralized database. The ecosystem is governed by the MYTH token, which is used for staking, voting on governance proposals, and transaction fees.

      Guaranteeing safety and broader accessibility

      New users don't need blockchain expertise as they can use custodial wallets. More advanced users can link non-custodial ones, which won’t lead them to relinquish control over their assets in the least. These processes starkly contrast with the environments of dependency typical of centralization, where a player's assets and progress are contingent upon the platform's stability.

      This dynamic eventually raised concerns about data privacy, and Decentralized Identity, or DID, emerged as a promising solution in this context. DID provides a portable identity across various virtual settings, ensuring transaction legitimacy and protecting players from fraud and scams. It empowers players to confirm and validate their identities without risking their privacy. It also gives full control over personal data, making sure players can log in securely across platforms without revealing any private information. The profound sense of ownership complements this security aspect.

      DID is rooted in the concept of SSI or Self-Sovereign Identity, putting control of personal data back into the player's hands. SSI allows players to independently maintain their achievements, gaming profiles, and progress information, doing away with the risk of losing any progress made and fostering continuity across various platforms.

      Blockchain facilitates the creation of player-centered economies whose members share the economic benefits of gaming more equitably. Players can earn tokens not only through gameplay but also by creating content and taking part in the game's ecosystem in a seismic shift that rewards them for their contributions and improves engagement.


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      İçindekiler
      • Case study: Mythical Games and the Mythical platform
      • Guaranteeing safety and broader accessibility
      Ownership, Identity, and Now Control Make the Case for Blockchain in Gaming