Some examples that I could think of:
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Verifiable item scarcity: How rare is your skin? Champions vandal? How rare is it? You will know how many more has one exactly and how rare it is without having riot tell you "oh it's rare, trust me". Devs can even launch fixed supply nfts for events where limited items can be actually "limited"
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Decentralized Marketplaces: Players can buy, sell, and trade items directly on decentralized marketplaces without the need for intermediaries. This empowers players to have control over their transactions.
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Immutable Ownership History: Blockchain records ownership history, preventing counterfeit or fake items. Players can verify the authenticity of their items and trace their ownership back to their creation. You can literally own a prime vandal that cNed used in VCT 2021 for example.
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In game assets will become NFTs instead of just in game assets that doesn't have value. Each NFT represents a unique item, allowing for rare and scarce items that hold real value.
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Customization and Personalization: Developers can create tools that allow players to customize their in-game items, making them unique. Players can have a say in the design and appearance of their items.
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Community Governance: Blockchain-based platforms can involve the gaming community in decision-making processes, such as voting on new features, updates, or changes to the game environment.