What Is Crypto Gaming? An Introduction to the World of Blockchain-Based Games
Cryptocurrencies have started trending in the last few years. There’s always been a love-hate relationship between digital currencies and interested parties. However, the crypto movement kept growing. Many people now consider it one of the top investment options.
Some businesses, like Starbucks and Twitch, even accept it for transactions. It’s available in many digital media aspects, including online games, which we discuss further.
Crypto Gaming Definition
Crypto gaming includes any game type using cryptocurrencies or blockchain technology. Finding blockchain-based titles when cryptos first started wasn’t common. However, to many’s surprise, it has since become more popular. Various video games will award leaderboard prizes and trophy awards in crypto or support it as a payment method.
Blockchain Gaming Types
It’s not only video gaming titles that embrace cryptos but also various other game types. Below, we consider the top three game types where you’ll find cryptocurrencies available.
Online Casino Titles
Online casinos frequently support cryptocurrencies. These platforms allow players to deposit, bet, and withdraw in cryptos. As such, you can find some of the best online casino sites with Cardano, Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
You can also load multiple crypto wallets on your account to switch cryptocurrencies. In these casinos, slots and table games will be available using crypto. You can place bets in your preferred crypto and you’ll receive your winnings payout in crypto.
However, you should always play your favourite games responsibly and only with money you can afford to lose. You’re never guaranteed to win when gambling, so always gamble responsibly.
Video Gaming Options
Video games are the second-most likely gaming media to use blockchain technology. In these titles, cryptos assign real-world value to in-game assets. Players can purchase, use, or trade non-fungible tokens (NFTs). Such games include HV-MTL, Parallel Alpha, and CyberKongz (Babies).
Other games are called metaverse titles, where they implement crypto-based financial systems. Often, these will harness virtual reality or immersive 3D experiences that allow players to interact with each other. In these games, players can buy “land”, which NFTs represent, and then sell or trade it if they want to. An example is Decentraland.
The Decentralised Autonomous Organisation (DAO) governs Decentraland. It allows users to create policies and govern the game through this organization. However, to become part of the DAO, players must buy the MANA coin, the DAO’s native crypto token.
Mobile App Games
Some mobile games have joined the trend by supporting crypto purchases or providing NFT prizes. Some games, like Quantum Noesis, even create unique token economics, which sets them apart from other mobile games.
Mobile games like Battlepalooza, Moonfrost, The 7th Seal, and Photo Finish Live support play-to-earn in crypto.
These gaming titles support Ethereum, Bitcoin, Solana, Litecoin, Dogecoin, and other digital currencies. While many mobile games have started accepting these digital currencies, they aren’t as popular yet. The reason for this is crypto’s volatility and controversial history.
Join the Future of Gaming
Crypto continues to grow rapidly, and with it starting to infiltrate the gaming market, it won’t be long until it becomes even more popular. Games are gaining more relevance in the global market. By merging with this market, cryptocurrencies will boost their relevance in the same audience.