Definition ∞ Decentralized Games are video games built on blockchain technology, where game assets, logic, or governance are managed by smart contracts and distributed networks. Players often own in-game items as non-fungible tokens, providing verifiable digital property rights. These games aim to offer greater player agency and transparent economic systems. They often incorporate play-to-earn models, allowing participants to earn real-world value.
Context ∞ Decentralized Games represent a significant application area for blockchain technology, aiming to disrupt traditional gaming models. The ownership of digital assets and the potential for player-driven economies present new opportunities for game developers and users. Regulatory bodies are beginning to examine the economic implications of these games, particularly concerning asset ownership and virtual currency exchange.
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