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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    Yuga Labs announces NFT projects CryptoPunks, Meebits acquisition

    Yuga Labs, the creator behind the NFT collection hit Bored Ape Yacht Club (BAYC) built on the Ethereum blockchain has acquired the intellectual property of two NFT collections from Larva Labs, namely CryptoPunks and Meebits. The “acquisition” means that right now, Yuga Labs own the brands, art copyright, and other IP rights related to both collections. In a statement, Yuga Labs explained the decision is due to deep admirati [...]

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    Introducing Crypto Arcade: Arcade gaming with NFT, blockchain ecosystem

    Introducing Crypto Arcade, "a play to earn universe that brings back to life the most famous arcade and mobile games. A prize pool is associated with each game and players are rewarded according to their ranking every week. A collection of 10,000 unique NFTs are created per game". "Crypto Arcade is a way to have fun, compete, and earn XTZ !" the game writes on their website. "Our team’s goal is to bring vintage arcade games [...]

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    Blockchain firm Enjin launches parachain Efinity on Polkadot

    Non-fungible token (NFT) ecosystem Enjin has launched their first parachain, named Efinity, on the Polkadot network. The parachain is the first on the network to be dedicated to NFTs. It was reported that Efinity will support CryptoBlades, a play-to-earn NFT game, along with its 1.1 million users. Additionally, the parachain is also committed to hosting over 100 blockchain-based games and applications. “NFTs and their ap [...]

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    Heroes of Mavia: Play-to-Earn MMO Strategy Game

    Inspired by games like Clash of Clans, Heroes of Mavia is a base-builder strategy game where players play and earn real cryptocurrency. The game involves protecting a player's base from enemies and trading assets for RUBY or MAVIA tokens in the marketplace. In January 2022, Heroes of Mavia developer Skrice Studios (based in Vietnam) announced that it had closed a $5.5 million seed funding round led by Binance Labs. Other i [...]

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    MegaCryptoPolis: NFT City Builder Strategy Game

     MegaCryptoPolis is one of the latest decentralised city-building strategy games. This game was created in 2018 and runs as a decentralised application. Over the years, the game has attracted many players thanks to its straightforward and engaging economic strategy where participants earn pieces of land, factories, offices, and houses. The game’s ecosystem needs citizens with jobs and enough labor force to produce more. All th [...]

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    MyMasterWar: Free-to-Play Virtual Metaverse Empire Building Game

    MyMasterWar is an online game that uses blockchain technology. As a free-to-play game, players do not need money to start playing. The game has different settings, but it is all about humans craving power and desire to become immortal. They want to own the world and transform the earth and heaven. When playing, you become a king to rule a kingdom, and you have to cross space and time to create battles that help you evolve and [...]

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    Infinite Fleet: Travel to 2150 in this Sci-Fi MMO Strategy Game

    Infinite Fleet is an epic video game created by veteran game designers including Samson Mow. This sci-fi MMO is a product from Pixelmatic. The game is set in the future, 2150, and players team up to beat any threat from encroaching aliens. It brings together crypto assets and online gaming at a large scale. Its official token is INF which players use to buy virtual assets. INF is a crypto asset, which means players can transfe [...]

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    Pegaxy: Play to Earn Futuristic Horse Racing Game

    Pegaxy is a play-to-earn horse racing game, the result of a collaboration between well-known developers in the gaming industry: Steve Nguyen, Corey Wilton, and Ken Pham are the principal founders. The game launched in 2021 as a beta version, and most features are fully functional. The developers aim to keep on improving the game and decentralizing the governance so that players have a voice in key decision-making. Pegaxy is [...]

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    Best Cryptocurrency, NFT games to play in 2022

    Since cryptocurrencies and NFTs penetrated the gaming world, gamers all over the world have been now exposed to a whole new opportunity, namely to play to earn, as opposed to merely having fun. NFT games come in many shapes. NFT games, in fact, sometimes are just regular games with NFT being involved. There are casual RPG NFT games, while there are also ones that require players to have a good, deep strategical thinking. [...]

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    Gran Turismo 7 launches with overpriced microtransaction, disappoints players

    Shortly after the release of Gran Turismo 7 on March 4, fans have been disappointed over the game’s microtransaction, particularly the game’s overpriced items compared to the previous entry and many have dubbed the move as anti-consumer which could lead to a devastating effect on the game’s reception after release date if things left unchanged. While many have associated microtransaction with gambling, there are some cases [...]