Crypto may currently be in a bit of a slump across the board right now, but it is still one of the most popular investments made every day. New and old, the tech-savvy, and the tech novices are all putting their money into one or many cryptocurrencies.
Another area that is seeing more growth than ever before is gaming. Whether people play poker online or are playing Warzone, gaming is more popular than ever; a strong relationship between gaming and crypto is inevitable.
Crypto gaming has been around for a little while now. Developers have created casino-style games where players can bet with or enter with crypto and then win crypto in return. The concept is fairly simple, no different from winning tokens at an arcade.
However, these games are simple and are often nothing more than watching a chart. Even though they are incredibly simple, they are still popular as the idea of winning a lot of crypto for a fraction of what it would cost to buy is too tempting.
Casinos & Crypto
One industry that has fully embraced crypto is the gambling and casino space. Many companies and online gambling sites have integrated crypto into their games like Blackjack and poker, allowing players to win Bitcoin, Ethereum, and many other cryptos.
Including crypto in casino games has proven to be quite popular, with more and more players joining every day. Clearly, the next logical step is to include crypto in AAA titles and bigger video games.
Crypto, NFTs & Player-Owned Assets
Video games having purchasable assets such as weapons, weapon skins, clothing, vehicles, etc., is nothing new. These items exist separately from the base game and require players to use real money to purchase and own them.
Games such as Counter-Strike took this to the next level by adding rarities to these items. This meant that players lucky enough to find a rare item were able to sell it again for money. You can’t do this in most games as, while you may own the item, every other person who owns the game has the chance to buy the item.
This is a very different story if the asset in question is an NFT. Players can use crypto to buy an asset that is an NFT, and they are then able to sell it on a trading platform or within the game itself.
This means that rare items in a game will hold real-world value, and players can be financially rewarded for finding or winning a particular item.
We already know that the metaverse is going to have its own cryptocurrency that users will be able to buy and trade with. Once again, it will also be taking advantage of NFTs, with users owning the assets they purchase.
The metaverse is also going to have games such as online casinos and stand-alone titles. These games are more than likely going to need crypto to access or play, with NFTs and tokens being the rewards for players.
The metaverse is more than likely to be one of the most significant pieces in the crypto and gaming puzzle and can easily be a pin that keeps the two together.
Games of the Future
In the future, we may see entire games become NFTs, allowing players to own the title and all that comes with it. Crypto is also certainly going to become a standard method of buying games, as well as buying assets online.
On the backend, the blockchain can be used to make games less hackable, as well as prevent cheaters from taking over. There is yet to be an anti-cheat system introduced that eliminates the problem entirely.
Gaming has never been so popular, and its popularity is only increasing. The people who love gaming are the same ones that are buying and holding cryptocurrency, meaning the sooner the two become fully integrated, the better.
It is also the natural progression, and while many think it is unnecessary and something that they don’t want, it makes the most sense and will be profitable for developers, as well as for regular players and game owners.
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