Cryptocurrency has permeated virtually all aspects of online life. Users can now immerse themselves in the digital world with their own virtual shops, services, and entertainment. Acquiring these assets and experiences is made possible through digital currencies, eliminating the need for external intervention. Cryptocurrency has become an integral part of the online experience, whether in shopping, traveling, social media, freelancing, or online gaming.
This article will explore crypto gaming and the most popular gaming genres where cryptocurrency takes the lead. Additionally, it will provide insights into the future of this evolving industry, offering predictions for what lies ahead.
Online Games Affected by Cryptocurrencies
In crypto gaming, players can own the digital assets they earn by reaching game milestones and completing tasks. These assets include in-game items, weapons, skins, characters, lands, and more. Furthermore, sometimes players can use crypto instead of real money in Esports betting, online table games, and similar gaming activities. Here are the top examples of online games impacted by crypto:
Crypto Blackjack Games
Crypto, particularly Bitcoin, has revolutionized various industries, and the world of online blackjack games is no exception. Bitcoin blackjack has gained substantial popularity due to its unique advantages to players. One significant advantage is the anonymity and security of cryptocurrencies, ensuring that personal and financial information remains confidential.
Bitcoin transactions also offer fast and seamless processing, eliminating the need for traditional banking methods and their associated delays. The integration of cryptocurrencies in online blackjack games enhances the overall player experience. It opens up new avenues for global accessibility, as players from different parts of the world can participate without restrictions imposed by traditional financial systems. As the crypto market evolves, Bitcoin blackjack will likely thrive and reshape the online gambling landscape.
Crypto-Friendly Slots Games
Slot games are among the most popular crypto-friendly gaming genres. And that’s because the fairness of these games is absolute and checkable. The Provably Fair technology has allowed gamers to verify each round’s results and the randomness of it.
Fast payments, generous bonuses, and fewer transaction fees have increased the wide acceptance and advantages of crypto-friendly slot games. It’s also worth noting that the number of online casinos hosting crypto slot games is constantly increasing. They are also reliable and have a good reputation among gamers.
Blockchain-Based Collectible Card Games
The excitement that collectible card games provide is unparalleled; they allow players to collect digital cards, build decks, and compete against millions of gamers worldwide. The integration of blockchain technology has added to the excitement of gameplay and its profitability.
Gamers will have complete ownership over the virtual cards and rewards they earn during gameplay; each card features its abilities and characteristics, distinguishing it from others.
Cards with unique features are exchanged as NFTs at high prices within and outside the game’s ecosystem. Gamers can easily buy, sell, and trade virtual assets without intermediaries.
Crypto-Driven Esports Platforms
Betting on esports has become easier and faster than ever with the emergence of crypto on these platforms. Each gamer has a crypto wallet where their prize money can be instantly disbursed and exchanged for any currency, whether fiat or crypto.
Having a personal wallet for cryptocurrency deposits also increases privacy and protects sensitive personal information. Unlike traditional esports platforms, crypto-driven ones dramatically reduce transaction fees by eliminating international transaction fees.
Play-to-Earn Games
Play-to-earn games have introduced a novel concept that combines entertainment and earning simultaneously. Unlike all the game genres mentioned above, P2E games are essentially designed to reward gamers for the time and effort they invest in the game.
By winning battles and completing quests, gamers can earn in-game assets. All the in-game assets earned by gamers have real-world value and can be traded in online marketplaces for real money or cryptocurrency.
Exchanging these rewards with other gamers within the same game is also possible. Like any other video game, P2E games offer an exciting and enjoyable gaming experience that allows for progression and advancement.
What is The Future of Crypto Gaming?
Gaming and cryptocurrency are two evolving industries; combined, the future will undoubtedly hold immense possibilities. Blockchain-based games are expected to be widely adopted by more online gamers as they discover the advantages of high security, transparency, profitability, and more. As a matter of fact, the global blockchain in gaming market size was esteemed at $4.83 billion in 2022 and is expected to reach $7.89 billion by the end of 2023.
Additionally, developers will construct their crypto-based games and shift the gaming concept from play-to-earn to play-and-earn, focusing on delivering an entertainment-first experience beyond financial incentives.
Conclusion
Many industries have embraced crypto payments, and gaming is no exception. The number of crypto-friendly online games is increasing and varying in genres. And by catering to different gaming preferences, blockchain-based games give the opportunity to gamers of all types to immerse in the world of crypto gaming.
Disclaimer: Gambling involves an element of financial risk and may be addictive. Please play responsibly and at your own risk. This post contains material that may or may not be legal in your country. Please play subject to applicable law.
