There’s a certain rush you get when you win a boatload of coins or tokens in a game that allows you to make in-app purchases.
Now you can buy that cool leather jacket for your character you’ve had your eye on, or keep your coins to buy extra lives in case you die.
The problem with this system, while fun, is that these coins, points, and jackets lose all their value the moment you exit the game.
You cannot use them to purchase anything else in life, or in other games.
In crypto gaming, however, you can do just that.
Crypto Games: The Future of Gaming?
It’s not just beginner investors who are interested in cryptocurrency, as the gaming industry seems to have dipped its toes into the blockchain pool as well.
To understand how crypto games work, you’ll have to understand how traditional games work.
As previously mentioned, all in-game purchases that you make in traditional games – lives, skins, clothes, weapons, tokens, and gold bars, to name a few – have no value outside the game. The game developers also retain ownership of these items, as they are all confined to the game itself.
However, in crypto gaming, these purchases are owned by the players themselves, and stored on a blockchain on a cryptocurrency network.
A blockchain is a decentralized, public ledger that exists across a network, making it difficult to alter or hack data within it.
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This blockchain allows users to trade their in-game purchases for cryptocurrency, which, of course, can later be traded for real cash. You can also trade your in-game assets with other players across the globe, or keep them with you because you own them.
This way, users can earn cryptocurrency and real money while playing games. Conversely, in traditional games, it is the developers who get rich, as players are purchasing virtual assets from their developer-owned store.
How to Play Crypto Games?
Perhaps the coolest thing about crypto games is that there are some games that allow users to earn money by using virtual products to achieve in-game objectives.
Examples include Axie Infinity, CropBytes, and Gods Unchained.
To play crypto games, you’ll need cryptocurrency, specifically Ether, since most games are built on the Etheruem blockchain. Players use real money to buy in-game currency, which they can use to purchase virtual assets and level up their characters, among other things.
While crypto gaming is still in its infancy, 60% of video game developers who were surveyed in the US and UK said they were beginning to use blockchain technology.
So, you may one day be crushing candy not just for fun, but for some cold hard cash.
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