Crypto Gaming News
There are often comparisons made between the growth of esports and the growth of cryptocurrency. Throughout the last ten years, cryptocurrency has steadily emerged into the financial world, becoming a lucrative and massively popular form of currency. Once upon a time, it was a mysterious and unknown concept, but today, cryptocurrency as a market is dramatically valuable, volatile, and exhilarating.
In one swift move, we can apply those same terms to esports, an industry that is also experiencing explosive growth and gains in value. Today, industry titans on both sides of the fence are finding new and inventive ways to combine these two verticals. And, right now, the end results are Crypto Gaming and NFT Gaming.
This Is The Home For Crypto Gaming News
As these industries grow exponentially, there’s a serious requirement to cover breaking crypto gaming news. It’s an ever-changing world out there, and new developments and deals are taking place on a near-daily basis.
But what exactly is crypto gaming?
Let’s take a look at a traditional video game with a storefront. In many cases, you’ll either buy in-game tokens or coins (which have no external value) or use fiat currency to purchase in-store items. There are a number of drawbacks here: the items you purchase cannot leave the game, you cannot trade them for monetary value, and the tokens are worthless outside of the platform.
Now, let’s imagine a game with a storefront powered by and hosted on a cryptocurrency network. At the foundational level, this will allow players to verify ownership of items, to trade items, and to offer these items a true-to-life monetary value. Furthermore, and it’s a piece of crypto gaming news that excites players, you can earn money through gaming on a crypto network.
From Crypto Gaming News To NFT Gaming
We’ve mentioned NFT Gaming alongside Crypto Gaming, but what’s the difference? In many cases, there can be confusion, and the terms are often mistaken as being interchangeable. To define the latter, an NFT is a non-fungible token. It utilises the distributed ledger architecture that the broader cryptocurrency network is hosted on to verify unique ownership of digital items. Essentially, an NFT can boast an extraordinarily high value because it’s totally unique and cannot be replicated – proof of ownership is a button-click away.
Now, let’s apply that technology to a video game. When you unlock a specific item in a game, it can come in the form of an NFT – and you can carry around irrefutable proof that you are the sole owner of that NFT. Therefore, when it comes to putting it up on the market for trade, you could make a sizeable profit.
Crypto Esports Is On The Rise
The relationship between these two industries is boosted further by the sheer mutual potential offered between them. In recent months, cryptocurrency organisations have taken to the market to sponsor esports organisations, and vice-versa. Furthermore, many esports betting platforms, or iGaming operators, have started offering bettors the ability to deposit and withdraw with cryptocurrency.
On that level, it means that esports fans can win cryptocurrency gains for betting on their favourite esports teams. As crypto gaming news expands, these stories will become much more prevalent. Ultimately, crypto gaming offers a wildly liquid, dynamic, and ever-expanding injection of excitement into the esports industry. In the near future, betting and playing with cryptocurrency and NFTs will become a common sight.
Finally, players will have access to a seamless, secure, and effective way to make money through gaming, with crypto.
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Decentraland: What is it? How can you earn money?
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Axie Infinity Gameplay: What You Need To Know
Axie Infinity is a Pokemon-inspired universe. In Axie Infinity gameplay you are the owner of an “Axie” and you can buy them in the Marketplace. Axies are the center of the game and all the assets and currencies work around them. Once you are in the game, you can earn tokens, battle against other players and raise and breed your Axies to get an emporium in the game. What is different from Axie Infinity to other video games is t [...]
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Axie Infinity Review and Pros and Cons | NFT-based online game
Axie Infinity is a multiplayer game that uses the Smooth Love Potion coin. It is a "play-to-earn" blockchain-enabled game that uses NFT-based technology. This Axie Infinity review will teach you about its value as a game. It will also help you understand how the Axie economy and other NFT-based games work. Axie Infinity gameplay is centered around two modes. The first is the Adventure Mode, where players go head-to-head aga [...]
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Gods Unchained Review: How to Play, Gameplay & Overview
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The Sandbox Game
The aptly named Sandbox game is, well, a sandbox. Specifically, a community-focused platform that allows users to create and host their own content within the game’s framework. Similar to games like CryptoVoxels and Decentraland, it makes a strong effort to become the first full functional metaverse out there. On the way there, it presents itself as a pretty comprehensive online experience where creators build and share the [...]
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Gala Games: Shaping The Future of Gaming
Have you ever felt that you’re wasting productive time while gaming? For example, instead of making something valuable, you’re just fighting virtual dragons. Additionally, it becomes tedious when some video games require time to reach the highest levels. Therefore, you spend months “Grinding” or doing the same thing multiple times until you get that point. And the result? Nothing. You either get bored of the same gameplay e [...]
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Creator of the Sims uses blockchain tech to power in-game AI in new game
While perhaps not many people know Will Wright’s Gallium Studios by name, his and their work is more than famous – the game designer of the incredibly successful Sims franchise. Now he’s on to other projects – specifically, a game where players get to meet their inner self, their id. Now the studio has entered a new partnership with gaming platform Forte Labs Inc. Their brainchild will be called Proxi – and it will let play [...]
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Simplex partners with highly anticipated crypto-game, Kryptomon, in the institution’s first ever NFT gaming partnership
Kryptomon is one of the most anticipated up and coming NFT games out there – it’s already managed to pull in more than 100k players in just a 9-day launch period, and is now looking to get even bigger. To achieve this, they managed to sign a rather remarkable partnership – with Simplex. Simplex is a proper, EU-licensed financial institution, making this a rare and rather historic intersection between crypto and fiat. Krypto [...]
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The Six Dragons: Review
The Six Dragons is an RPG game. It was made with the Enjin blockchain so that you own whatever happens in the open-world game itself. This means that you can run around the world and then pick up goodies from the dungeon environments or even trade or sell off your goods to other gamers. Sounds good, right? Why should I care about 'The Six Dragons'? It’s a massive open-world game that is reportedly well over 200 kilometres sq [...]
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Top 10 Best Play-to-Earn Games
Fun and winnings are increasingly linked when it comes to games that offer rewards. Among the rewards usually offered in these types of games are cryptocurrencies, which have already risen in value like foam. While the fever for these types of crypto games is not that recent. The increasing popularity of the Axie Infinity game has caused a new wave of blockchain games on the market. Here is a list of the best play-to-earn game [...]
