Revolutionizing Gaming with Blockchain — SpaceFalcon.io
When it became evident that cryptocurrency wasn’t the only use case for blockchain, it was hailed as a game-changer in the tech space. We believe the video games industry is undergoing a transformation, and gaming is emerging to be the first genuine use case for blockchain.
Blockchain has the potential to totally restructure the industry, to turn the tables on the dominant console market, to establish a metaverse, and to make games more immersive and boundary-less than ever before.
With blockchain being adopted for gaming, extraordinary things are about to happen and the possibilities are endless. The way gaming overcomes the remaining roadblocks will serve as a model for other industries seeking mass adoption.
The Evolution of Traditional Gaming
Since its humble beginnings, the gaming industry has come a long way. Those of us who remember playing Super Mario on a 16-bit gaming console are aware of how this once-simple industry has blossomed into a treasure mine of emotionally-charged, engrossing virtual reality games that reward precision and planning.
Because their characters are tailored to their own personalities, massively multiplayer online games (MMOs) like PlayerUnknown’s Battlegrounds (PUBG) require players to live in an unbiased universe. Characters do not die the same way Mario does, nor do they pursue a distant goal like a princess in a castle. These games are based on real-life circumstances and have a lot of emotional ramifications.
The majority of these games are streamed online, and players use virtual assets to accomplish specific objectives and establish supremacy. Gaming is slowly increasing in popularity and the evolution of esports events and tournaments have contributed immensely to the industry’s global adoption. As of 2021, the gaming industry is worth $174 billion.
Blockchain Gaming: How Blockchain fits into the picture
In the gaming industry, blockchain has the potential to become the benchmark for user experience, digital item transactions, and the back-end infrastructure of games themselves. How gaming reacts to the blockchain, why, and when is what requires attention.
What is Blockchain Gaming?
To date, all of the most popular games, such as Call of Duty, Among Us, Grand Theft Auto, and others, have used a centralized model, in which the maker of the game controls it through administrators and maintains all of the game’s data on a central server.
With the emergence of blockchain technology, decentralized gaming is gaining popularity around the world, led by blockchain-based games like Axie Infinity (AXS).
Players have full ownership over their digital identities, accounts, and assets in a blockchain-based game. They have complete control over how they engage with the game’s native micro-economies, including how they trade and encash assets.
This is in contrast to a centralized game, in which all player objects, collectibles, currency, and other data are stored in the game maker’s database and hence owned and controlled by a single business.
In addition, centralized game servers are vulnerable to malfunction, infiltration, shutdown, and manipulation by developers or admins, and they do not provide players with transparency into game dynamics.
What’s different with Blockchain Gaming?
Players have true ownership of in-game assets in a blockchain game. In most cases, these assets are represented by NFTs, which serve as proof of ownership for players.
In-game equipment, wearables, character skins, cards, and other assets can be linked to NFTs on a blockchain-based game and sustained in its distributed network.
Micro-economies or decentralized marketplaces emerge within the game as players are given the freedom to own and trade their in-game items.
The protocol also eliminates the requirement for trust between players and traders or an intermediary or third party to control the marketplaces because blockchains are trustless. Blockchains also allow for the exchange of value and the facilitation of payments between users via cryptocurrencies, which is ideal for micro-economies in blockchain-based games.
The Role of NFTs in Blockchain Gaming
NFTs are unique, unforgeable, and may be sent to a wallet address in the same way as cryptocurrencies. A spaceship, a planet, or a galaxy, for example, can be an NFT in a space shooter game. If you possess such digital materials, you can choose to keep them indefinitely or sell them when they increase in value for profit.
There’s also the scarcity factor associated with blockchain technology, suggesting that only a limited number of these items are available. In a typical online RPG game like World of Warcraft, the in-game items are classified as common, special, rare, epic, and legendary. The legendary items are the most difficult to come by.
You can explore how many legendary items are accessible in a blockchain-based game. After this amount has been determined — let’s say twenty — no more of this type of item can be produced. Even if these 20 items may seem identical, they are each unique in their own way.
A legendary in-game NFT item might be owned by the best player in the game, and this information will always be attached to the item, even if it is sold to someone else.
But what if the game you’re playing stops working all of a sudden? Your item will not be lost! Because it can be moved around the metaverse from one blockchain to another. It’s still yours to keep, and possibly use in a new game in an ideal scenario. This is what makes NFTs so appealing.
Blockchain Gaming has its Salient Advantages
Adopting blockchain in gaming is a piece of cake due to its liquidity and the fact that gamers are already familiar with tokenization.
Furthermore, because many games allow users to purchase in-game things with both virtual and real money, the best way to maintain track of these transactions is through blockchain.
Blockchain technology promotes a good interaction between video games and cryptocurrency. In the gaming industry, blockchain addresses a number of long-standing issues.
Liquidity & Tokenization
The main application of blockchain in the gaming industry is, in a word, liquidity.
Because gamers are already used to tokenization, blockchain’s implementation in gaming is a no-brainer in many aspects.
Virtual currency was first used in some of the earliest video games. Games have progressed and merged with the internet to the point where real-world fiat currency is now used to purchase in-game gold and items. To the displeasure of the game’s creators, transactions frequently take place outside of the game.
Blockchain creates rules and fairness around in-game money and asset transactions and connects them to the real world in practical ways. This is especially advantageous for the free-to-play model popularised by Fortnite, in which in-game purchases such as skins funded by digital currency account for the majority of gaming revenue.
Revolutionizing the Gaming Structure
So far, blockchain games have been quite straightforward, falling into one of two categories: decentralized or hybridized.
In the first model, the game is entirely run on a blockchain, which means that the developer cannot change the game in any manner without the community’s approval. The game is still administered from a central server in a hybridized paradigm, but the assets are traded through a decentralized marketplace.
In either case, blockchain makes in-game assets as ownable as possible, giving them legitimacy and long-term value.
Implementing Play To Earn (P2E) & In-game Trading Micro Economies
Blockchain technology allows players to move and use assets between games or trade them on other gaming markets via NFTs (for digital assets) and crypto (for value transfer).
When a fun, engaging game is created on the blockchain, gamers value intangible digital collectibles and pay real money for them eagerly. The combination of cryptocurrency and fun, enjoyable video games thus leads to a surge in investment.
Increasing Security & Sustainability
Because distributed networks do not have a single point of failure, the decentralized nature of blockchain prevents hackers from disrupting or attacking the game. Because there are no servers to attack, hackers would be unable to bring down a decentralized blockchain network.
As a result, blockchain provides a safe atmosphere for game creators and entrepreneurs, resulting in greater productivity. A blockchain-based game can also keep running even if its makers leave.
Enhancing In-game Asset Ownership Experience
Blockchain technology helps with in-game asset ownership by bringing more transparency and legislation to the gaming industry. One of the most essential aspects of blockchain-supported gaming is actual digital ownership, which allows players to exchange rare items and profit.
Smart contracts are used to handle all transactions in a blockchain-based game. They are irreversible and run on pre-programmed parameters. As a result, when you launch a blockchain-based game, all in-game items acquired with smart contracts are transferred to the public address accounts of the players instantly.
Apart from that, smart contracts are run without the need for a central authority. No one has the ability to modify the public address where the in-game assets are kept, and no one has the ability to change the private ownership of those assets. They remain the property of whoever owns them in the game.
Integrating Gaming Profiles
Before accessing the platform’s games and other services, most gaming platforms need users to create a gaming profile. With blockchain implemented in-game, users of blockchain gaming apps can construct a single, integrated gaming profile that can be viewed and used across several gaming platforms.
By making interlinking activities in apps more accessible, this strategy improves the user experience for gamers.
GameFi & the Metaverse
With the growing popularity of the Metaverse concept — a shared, gamified, 3D virtual world where people can connect — the play-to-earn model of blockchain-based games could play a key part in incentivizing Metaverse platform adoption.
Decentralized blockchain-based platforms as well as centralized tech giants like Meta (previously Facebook), Microsoft, and others that are developing in the space, are enthusiastic about the concept.
On the other hand, playing a game to earn rewards and potential cash is the fundamental concept behind game finance or GameFi. While many blockchain gaming projects have evolved in recent years to explore GameFi in the real environment, only a few of them like Axie Infinity have managed to sustain a competent player base over time.
Space Falcon is a promising project which is still in its infancy but destined to disrupt GameFi and become one of the biggest players in the blockchain gaming space soon.
Space Falcon: the Future of Blockchain Gaming & GameFi
Space Falcon is an intergalactic metaverse featuring a classic 80’s space shooter game and premium Sci-Fi NFTs from the cosmos and beyond built on the marvelous Solana blockchain.
The Space Falcon metaverse comprises of two gameplays spanning contrasting viewpoints of a hundred years:
- A classic 1980s-style retro space exploration
- A futuristic 2080-themed intergalactic travel
The grand strategy of the game involves players, referred to as “Falconians”, traveling across the cosmos and building an empire by completing in-game levels and collecting NFTs along their intergalactic route.
The three exceptional features of our Space Falcon metaverse are:
- Falcon Mission, the classic space shooter game, through which Falconians enter the ecosystem.
- Falcon Galaxies, signifying galaxy NFT ownerships. Owning galaxies allows players to participate in our revenue sharing model and tax all visitors to their galaxies.
- Falcon MetaGround, our very own micro-economy for trading mission-critical assets. Spaceship upgrades and new weapons can be traded from the inventory here.
You will play a set of ten engaging missions spread across two entirely different time periods and consume NFT assets like liquid gold to travel between the two generations in our web-based P2E minigame.
The Falcon Leaderboard, a simple presentation of statistics for newbie players to become better at the game and improve their winnings, will help tally your scores based on overall activity and reward you on a weekly basis.
Yes, you read that right! You can earn exciting rewards weekly just by playing our stellar minigame here and boast about it in your gamers’ circle.
Become a Falconian today!
We empower blockchain gamers to explore dual universes in a quest to excel through missions and build an empire spanning the cosmos while collecting stellar NFTs along the way.
If the idea of exploring and conquering space in tradable NFT spaceships resonates with you, join our growing community of zealous space cadets and earn the right to call yourself a Falconian!
Follow the official Space Falcon social media accounts, stay up-to-date with all our news and announcements, and play our disruptive interstellar blockchain game.
About SpaceFalcon
SpaceFalcon is a next-gen Intergalactic metaverse featuring the classic space shooter game and premium Sci-Fi NFTs from cosmos and beyond. Built on Solana Ecosystem for fast and low-cost transactions to ensure a lightning-fast experience for your space adventures.
Visit, play and give us feedback on the live gameplay.
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