It is a well-known fact that the Gaming industry is one of the fastest-growing fields in the world and companies in this business are modernizing and improving very quickly in order to progress even more.
We certainly live in an era of extreme development in online gaming and every now and then we witness certain novelties that game developers adopt. One of the latest is Crypto…
So let’s see how the Crypto platform managed to change the Gaming Industry!
Multiplayer games have become very popular in the last few years. At the beginning of the 21st century, only a few games could be played in this mode, such as Counter-Strike, while today we have a huge number of multiplayer games such as War Thunder, PUBG, Fortnite, Apex Legends, etc. This industry is estimated that in the next few years it will be worth around 33 billion dollars! How about that?
Therefore, it should not be surprising that there is a desire for improvement and thus making gaming easier.
The first thing that brings crypto into this virtual world is in-game purchases and transactions. Players, using cryptocurrencies, can now buy new features, skins, items and everything else! Regular payment methods can sometimes be slow, which can affect the gaming experience itself…
But that will not be the case if you decide on crypto. Crypto transactions are instant because the third party is not involved such as bank facilities.
What is also important is the improved security. Crypto is stored on the blockchain, which makes them difficult or impossible for cyber attacks. We could also witness this in the online gambling world since the casino industry was one of the first ones to see these benefits.
Digital Property – Non-Fungible Tokens
Game developers offer players non-fungible tokens (NFTs), which represent unique items that can be purchased and exchanged for in-game items…
And at the same time, they can be taken out of one game and used in another completely unrelated one!
Moreover, they cannot be traded or exchanged at equivalence, but since they are unique players who own them can use them as a medium for commercial transactions.
By using this technology, gaming companies can present new and modern game mechanics that greatly influence the growth of crypto-friendly, and it is very likely that we will see more and more of them in the near future.
Crypto and blockchain technology have managed to change and enhance many industries, and the reason for this is the numerous benefits it provides. We are impatiently waiting to see what the future holds for us!
Source:
”How is Crypto Changing the Gaming Industry?”. europeangaming.eu, 1. October 2022.
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