Crypto gaming: 5 things you should know about it

Feb 17, 2022 | Uncategorized | 0 comments

Crypto Gaming

Blockchain and cryptocurrencies are changing the way we buy, sell, trade, and play games, too. The industry discovered that new mechanics could be implemented by using Web3 technologies inside videogames to make things even more interesting.

For decades, games were seen just as casual entertainment; but things have changed drastically over the years. There are dozens of professional teams competing for big prizes and prestige over their fans. The gaming industry is becoming monetized in different ways — and crypto adds another financial layer into it. Crypto gaming.

Check out some reasons why crypto is revolutionizing the gaming industry for good:

Enhanced monetization

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Only seasoned and experienced gamers were allowed to make some money by playing popular games, such as Fortnite, Counter-Strike, and Rainbow Six: Siege. But with crypto and non-fungible tokens (NFTs), even casual players could make a buck by playing their favorite games.

There are titles such as Axie Infinity where players earn money by building their axies (the playable creatures) and playing against the AI or other players on PvP. Ember Sword is going to be released similarly: players can buy virtual land to create their base and build goods that can be sold to others.

NFTs and crypto gaming

Non-fungible tokens are the strongest trend in the market, there’s no doubt about it. They can be used inside games in a lot of scenarios: in-game items, skins, characters, internal economy, etc.

Big brands such as Ubisoft are entering the NFT universe and exploring it modestly — at least for now. Users should expect much more throughout 2022.

Security

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The industry could use crypto and NFT to enhance security, especially for multiplayer games. Such technology is being largely implemented into banking and other traditional financial services to grant more speed and reliability.

Metaverse is coming

Users used to associate metaverse to shopping. That’s correct, but it’s not the whole truth — games could be built inside virtual worlds.

Since the metaverse lets you build (literally) anything, videogames can be developed inside already existing worlds and evolve along with them — bringing life and immersion to everyone.

Be paid instead of paying

crypto gaming

In the traditional market, videogames have different prices, and it must be fulfilled for you to gain access to them; however, with crypto gaming, things could drastically change, and you can be rewarded with tokens by playing.

Some built-in incentives could be implemented so players can earn money by dedicating some hours to their titles.

The bottom line

As you can see, things are changing fast and some new perks could make gaming faster, more secure, and more rewarding in every sense.

Games could become a real source of income for individuals and families alike — and that wouldn’t be limited only to professionalized players.

You’ll be informed when more cool info about crypto gaming is released, don’t worry!

Register now at CoinShopp!

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