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.
Leading blockchain ecosystem and gaming Polygon Studios has sealed a partnership with Poriverse for the first P2E NFT game where players will be allowed to lend and trade NFTs which features low entry cost for users. The partnership between the two parties is expected to open a new chapter for the NFT gaming industry where high investment in projects is on the rise has proven difficulties in attracting more and new “budget” [...]
Asmongold, a popular Twitch streamer, has praised Valve CEO Gabe Newell's move to withdraw NFTs from Steam. Asmongold has been outspoken in his criticism of NFTs and has slammed them several times in the past.https://www.justgamers.net/uncategorized/steam-lost-ark-catches-attention-in-numbers-ahead-of-official-launch/ The legendary MMO streamer initially learned about Newell's decision to restrict all NFTs from the vid [...]
Nest Arcade, one of the first play-to-earn (P2E) NFT gaming platforms is set to launch its NFT collection and P2E games. As game developers tried their fortunes in integrating NFTs and video games, the P2E genre has gained relatively good traction amidst the video gaming community’s hatred of combining NFTs and video games. One of the many reasons to explain these projects is because they are not inclusively priced to st [...]
Warner Music Group (WMG), an American multinational entertainment company, has formally announced its partnership with blockchain gaming creator Splinterlands. The partnership, which WMG describes as a "first-of-its-kind deal," will see the two firms work to give certain WMG artists access to build and develop play-to-earn (P2E), arcade-style blockchain games. In terms of capability, Splinterlands and WMG's [...]
Ember Sword is a modern and new definition of MMORPG, entertaining players with epic adventures. The game's design and principles are for a community, which means participants can make friends as they play. This game is accessible instantly, allowing everyone to enjoy being part of the Thanabus world. But above all, the revenue made on Thanabus is shared with the community empowering them through ownership of various digital a [...]
My Neighbor Alice takes you to a whole new world. The game is set up in a big island complex in the Lummelunda archipelago. It is an exciting place where people and animals mingle freely and even work together. It is engaging and interesting to both beginners and seasoned cryptocurrency traders. Being a multiple-player game, millions of players can join by purchasing land or participating in activities like a bug, beekeeping, [...]
According to Cryptoslam statistics, Axie Infinity NFTs have reached $4 billion in total revenues, as play-to-earn crypto games gain greater prominence. The exchange of NFTs between users in the blockchain-based video game surpassed $2.5 million in the past 24 hours, according to data released on Tuesday. Its total revenue is nearly double that of CryptoPunks, the second-place NFT collection. Axie Infinity, a crypto metav [...]
Icons of Theia bring players a fantasy world known as Theia. Players fight each other using tactical and strategic matches to capture the Aurora continent. The first game is free-to-play using a 1v1 tactical strategy. It is across between Fire Emblem, League of Legends, and Chess. Icons of Theia allows you to get into the blockchain gaming world. Apart from engaging you 100%, it is an asset investment. We intend to ensure you [...]
The Bahamas-based cryptocurrency exchange platform, FTX is eyeing to set its foot on the video game market by providing cryptocurrency services for gaming companies. Earlier this month, FTX US, the US affiliate of the company made two job postings which both require software engineers with particular expertise in C program language as well as the Unity game engine. These job postings are made as FTX US is looking to esta [...]
Age of Tanks NFT game is easily one of the most enjoyable play-to-earn games that we’ve come across. This is because you’ll be blasting your opponents into oblivion with some high-powered tanks while earning lots of tokens and NFTs. Let’s take a closer look at what we found in our Age of Tanks review! What is Age of Tanks? No, we’re not talking about that Netflix series. Instead, we’re referring to the Age of Tanks, one of t [...]