What is Crypto Gaming?
The confluence of gaming and cryptocurrency is captivating gamers and investors alike. However, questions about what is crypto gaming remain, especially when it comes to monetization and true ownership of in-game items. The answer lies in blockchain technology, and this article explores how it has revolutionized the world of video games.
In the past, in-game currencies and items were centralized on the game publisher’s proprietary backend servers, giving the company control over who owned and could trade these digital assets. Crypto gaming, backed by blockchain technology, has heralded a new era in gaming where players can monetize their time and efforts, earn real-world rewards and truly own the in-game items that they have earned and collected.
Beyond Play: The Social Impact of Crypto Gaming Communities
Unlike traditional play-to-earn games that reward players for completing challenges or winning tournaments, crypto gaming often rewards players based on the amount of in-game currency or NFTs they have. In addition to this, many games also support staking, which enables players to generate passive income streams from their in-game assets.
To play blockchain-based games, you will need a crypto wallet. Once you have one, navigate to the website of the game you wish to play and create an account. Some games require software, while others offer web-based gaming environments. It’s also important to note that you may need to purchase NFTs or other cryptocurrencies to start playing. These coins can be traded on cryptocurrency exchanges, which is a great way to make money from your gaming efforts.