DECENTRALIZED GAMES ASSETS ON THE ETHEREUM BLOCKCHAIN: ANALYZING THE POTENTIAL AND CHALLENGES

Authors

  • Ohm Patel Author

Keywords:

Decentralized Game Assets, Ethereum Blockchain, Tokenization, Smart Contracts, Gaming Industry, Ownership, Scarcity, Interoperability, Security In Gaming

Abstract

The advent of blockchain technology has revolutionized various industries, with gaming being a prominent beneficiary. This paper explores the implementation of decentralized game assets on the Ethereum blockchain, emphasizing their potential to transform the gaming landscape. By leveraging Ethereum's smart contract capabilities, game assets such as in-game items, currencies, and characters can be tokenized, ensuring true ownership, scarcity, and interoperability across different gaming platforms. The study examines the technical mechanisms underlying these assets, their advantages over traditional centralized systems, and the challenges faced in adoption, such as scalability, security, and regulatory issues. Through a comprehensive analysis, this paper aims to provide insights into the future trajectory of decentralized game assets and their implications for developers, gamers, and the broader blockchain ecosystem.

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Published

2024-06-26

How to Cite

Ohm Patel. (2024). DECENTRALIZED GAMES ASSETS ON THE ETHEREUM BLOCKCHAIN: ANALYZING THE POTENTIAL AND CHALLENGES. INTERNATIONAL JOURNAL OF ADVANCED RESEARCH IN ENGINEERING AND TECHNOLOGY (IJARET), 15(3), 409-429. https://lib-index.com/index.php/IJARET/article/view/IJARET_15_03_035