Gaming has always been an industry that is for adults, but as VR gaming technologies become more advanced and mainstream and millennials enter the workforce, there is now a broader range of gamers who are playing games instead.
Why the interest?
Several factors are driving the interest in cryptocurrency gaming. For one, the industry is growing at a rapid pace and a significant portion of that growth is coming from Asia.
Cryptocurrency gaming also offers several advantages over traditional gaming platforms. For example, it can be cheaper to play games on a blockchain-based platform since there are no transaction fees. Cryptocurrency gaming also offers more anonymity than traditional gaming platforms, which can be attractive to some players.
Finally, there is the potential for cryptocurrency gaming to revolutionize the industry. Blockchain-based platforms have the potential to create new business models and gameplay experiences that are not possible on traditional gaming platforms. For example, the blockchain-based game allows for player-owned economies where players can trade in-game items with each other. This creates a whole new level of immersion and interactivity that is not possible on traditional platforms.
What is Crypto gaming?
The game is a digital asset that uses cryptography to secure its transactions. Cryptocurrency gaming is a new genre of gaming that uses cryptocurrency as its in-game currency. Cryptocurrency gaming is still in its early stages, but there are already a few dozen games that use cryptocurrency.
Cryptocurrency gaming has a massive advantage over traditional gaming because players can earn real money by playing cryptocurrency games.
Benefits to Gamers
Cryptocurrency gaming is starting to boom because it offers several benefits to gamers. One of the most obvious benefits is that it allows gamers to earn money while playing their favorite games. In addition, cryptocurrency gaming also allows gamers to invest in game-related assets and tokens. This can lead to higher profits in the long run. Furthermore, cryptocurrency gaming doesn’t require gamers to have a high level of experience or knowledge. All they need is a basic understanding of how blockchain technology works. Finally, cryptocurrency gaming is becoming more popular because it offers an alternative to traditional online gaming platforms such as Steam.
The Gaming Industry is in Panic Mode
The video game industry is in a panic. The console wars are over, and there’s a new kid on the block that’s shaking up the status quo. No, it’s not Nintendo’s Switch – it’s cryptocurrency gaming.
Cryptocurrency gaming is starting to boom, and it’s sending shockwaves through the traditional gaming industry. Here’s why:
1. Cryptocurrency games have real-world value.
In traditional video games, the in-game currency has no real-world value. You can’t take your “money” with you when you stop playing the game.
In cryptocurrency games, however, the in-game currency can be traded for an actual cryptocurrency (like Bitcoin or Ethereum). This means that players can cash out their earnings when they’re done playing – something that just isn’t possible with traditional video games.
2. Cryptocurrency games are more immersive.
Cryptocurrency games are starting to use cutting-edge technology like virtual reality and augmented reality to create more immersive experiences for players. This is something that traditional video games just can’t match.
Best Crypto Games to Play Right Now
Several crypto games are starting to boom in popularity. Here are some of the best ones to check out:
– Splinterlands: A collectible card game that allows you to use your cryptocurrency holdings to power up your cards and battle other players.
– CryptoKitties: A virtual pet Collectibles game where you can buy, sell, and breed digital cats using Ethereum.
– Gods Unchained: A collectible card game that uses Ethereum smart contracts to enforce game rules and settle player disputes.
– Etheremon: A virtual world where you can catch, train, and trade digital monsters using Ethereum.
Rocco Strydom is the Founder of SGM Holdings – finance, energy and media and is the host of the
SGM podcast based in South Africa