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Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

Digital Rights Management in Online Games Using NFTS and Blockchain Technology

February 16, 2023 World BlockchainiGaming & Gambling

If you pay close attention to how the digital world develops, you must be familiar with NFTs and Blockchain. For the past few years, these technologies have received all the focus.

To authenticate the ownership of a certain asset or digital content, such as an image, piece of music, a movie, or any other type of digital media, NFTs, which are distinct digital assets recorded on the blockchain, are employed. NFTs create one-of-a-kind, unalterable digital certificates that are kept on a decentralized network using blockchain technology. NFTs also give users the option to create a smart contract that makes them the sole owner of an asset. In this manner, the owner acquires complete ownership of a specific digital asset. Therefore, NFTs offer a true, lasting, and unchangeable record of ownership.

Blockchain technology is the perfect option for the gaming industry since it offers a safe, secure, and transparent platform for managing these digital rights. It permits the development of NFTs that stand in for digital assets like characters, in-game money, and game goods. These NFTs provide players a new option to monetise their virtual goods because they can be purchased, sold, and transferred between players. New Web3 and blockchain-based games are constantly leaving the market and winning over players.

We will study why NFTs are important for digital rights management in this post, as well as how NFTs are used for DRM in online games.

Benefits that NFTs Bring to Digital Rights Management
The following are some benefits of NFTs for digital rights management:

  • Non-Fungible refers to something that cannot be changed or replaced, making it unique. NFTs are hence distinct, irreplaceable, and impossible to duplicate. This gives digital assets a permanent and unchanging record of ownership.
  • Verifiable Rights and Ownership: Verifiable and secure digital rights and ownership tracking is the main use of NFTs. As a result, there is a significant decrease in stealing, duplication, and piracy.
  • Monetization: NFTs give authors new, creative avenues for monetizing their works. They can make money by reselling or even improving their belongings. Owners can utilize their belongings anyway they want and have greater control over them.
  • Transparency: By utilizing blockchain technology, NFTs lower the risk of fraud and theft while enabling safe and transparent transactions.
  • Enhanced User Experience: NFTs can make users feel more invested in and in control of their digital assets, which makes for a more immersive and interesting experience.
  • Decentralization: Because the blockchain is a decentralized network, there are no middlemen or other parties participating in the transaction. Your NFT assets are less subject to censorship thanks to this and can only be managed by the owner.
  • Interoperability: NFTs are interoperable because they can be used with various platforms and applications. Users may effectively produce, exchange, and manage digital assets because to this.


Functions NFTs Serve in Online Gaming’s Digital Rights Management

Online gaming and NFTs have the ability to provide players with countless advantages. The following are some applications for NFTs in digital rights management in online games:

By granting users control and ownership rights over distinctive in-game assets, such as weapons, skins, characters, avatars, and others, NFTs are utilized for digital rights management in online games. Like we do with tangible objects in the real world, players can instantly sell, trade, buy, or use these items as collateral for other transactions.

NFTs give gamers and game creators new revenue sources as well as a stronger sense of ownership and investment in the game. It contributes to the development of a robust virtual market where rare and exclusive in-game goods are in high demand.

By providing a comprehensive record of ownership for all assets, NFTs also prevent fraud and cheating in online gaming and encourage game investment.

Examples of NFT Online Games
Players can play and communicate with one another in real-time while playing online games. As investors and NFT aficionados have become interested in skill-based and earn-to-play games, their popularity is rising.

Users can manage digital rights in a number of fantastic online games built on the NFT:

  • Decentraland: If you enjoy playing with others, Decentraland will quickly become one of your favorite games. It has a virtual environment where you can acquire, trade, and construct real estate. NFTs can be utilized to represent in-game elements.
  • In the game Axie Infinity, users can design distinctive characters known as “Axies,” which function as NFTs and are simple to purchase, sell, or trade.
  • NBA Top Shot: Users can buy and sell highlights that have been officially licensed by the NBA and are shown as NFTs.
  • Rareible: This game functions as a market place for NFTs where players can exchange all kinds of digital goods, including in-game stuff, for cash.

These games show how NFTs may be utilized to give in-game assets secure and clear ownership, fostering a healthy virtual economy and improving the user experience. You can see how having access to digital assets may pay off and how doing so requires nothing more than playing video games to generate income.

As more games embrace this technology, NFT-based digital rights management is likely to gain popularity in online gaming.

Challenges using NFTs for Digital Rights Management
Some of the difficulties that can arise with handling digital rights in online games include the following:

  • Technical Difficulty: The understanding and use of NFTs and blockchain technology may be challenging for some users, which slows adoption.
  • Scalability: A high volume of transactions may be too much for the current NFT and blockchain infrastructure, making for expensive and delayed transactions.
  • Regulation: Because blockchain technology and the use of NFTs are still relatively new, many jurisdictions do not have a defined regulatory framework. Because of this, it could be challenging for authors and users to uphold their legal obligations.
  • Environmental Concerns: Blockchain technology, particularly NFTs, might consume significant amounts of energy, which can have a detrimental effect on the environment.
  • Market Volatility: The value of NFTs is prone to extreme swings, making it challenging for developers and consumers to precisely estimate their value and prospective profits.

Even still, these difficulties pale in comparison to the applications of NFTs in digital rights management. Despite these difficulties, the usage of NFT games for DRM, such as Axie Infinity, is making news. NFTs are expanding and will probably change as technology advances and is more extensively used.

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