If cryptocurrency gaming can make half of the impact it has in the world of finance, then it will be set to make a massive difference in how we enjoy our gaming. This includes video gaming, blockchain gaming, and casino games. All of these colossal markets have already felt the impact and benefits of cryptocurrency technology.
As these changes continue to bring more convenience into each respective sector, the conversations about whether or not crypto gaming will challenge traditional gaming formats grow louder by the day.
Why Crypto Gaming Is Grabbing Audiences
Global audiences are captivated by the immense possibilities of cryptocurrency in general. For those immersed in the incredible changes that this technology could enact in society, many creative minds want to find practical ways to introduce people to this technology. As with any groundbreaking development, there’s some skepticism, primarily from people who do not understand how it works. However, crypto gaming is just one of many bright ideas promoted by those in the know in a bid to bridge the gap between knowledge and ignorance.
To sell crypto gaming as a mere educative tool would be a complete disservice to the innovations it is introducing into the sector. However, it would also be a fallacy to suggest that it hasn’t helped to encourage more people on board with crypto assets and blockchain to explore how they work. Wrapping up a new product and packaging it within a tried and trusted product like gaming is an excellent way to encourage new people to check out crypto gaming. Still, the logistics of how blockchain impacts gaming extend far beyond the basics of an enjoyable game.
Crypto Casino Gaming
Digital casino gambling is an industry that has exploded in popularity. By utilizing the incredible developments in mobile graphic design, and widespread internet adoption, more people can play roulette, poker, slot machines, and blackjack at a moment’s notice. So long as they have a working internet connection and compatible mobile, poker, blackjack, roulette, or slot machine games are only a few seconds away.
Online casino games at Bovada operate in the same fashion as in a traditional casino, except it’s enriched with the option of using cryptocurrency transactions. You can set your stake, winning lines and play the game just as you would in a regular casino, however, with a twist – the platform allows you to deposit and withdrawal your funds in a secure, fast, and anonymous manner, thanks to coins, such as BTC, BCH, BSV, and more.
If you’re well-versed in cryptocurrency, you’ll know you only need to connect your wallet directly to the casino provider. No need to worry about authorizing a bank transfer or overseeing your payment; you connect and send. Your Bitcoin will be with the provider instantly and verified securely on the blockchain. It is a rare example of something that benefits you and the casino.
You don’t need to provide identifiable information. In the event of a breach, the casino provider doesn’t need to worry about data falling into the wrong hands, as you don’t need to provide credit card numbers or personal information, which is valuable to hackers. All you need is your wallet address, which is public information anyway.
Utilizing The Blockchain In Gaming Innovation
The benefits and convenience of crypto casino gaming are the tip of the iceberg regarding the real challenge that crypto gaming poses to traditional avenues. NFTs (Non-Fungible Tokens) can purchase in-game assets and provide invariable proof of ownership through the blockchain. It’s an angle gathering momentum and causing significant intrigue in the sector.
Play To Earn (P2E) gaming is another startling advancement in gaming, where gamers can earn cryptocurrency as they play their game. This can come in the form of mining or farming and includes free-to-roam games or games in the Metaverse, which have gained much notoriety over the last few years.
Game designers have continuously looked to the horizon instead of behind them. This has held them in good stead and stimulated growth in the industry through pure creativity and vision.
Virtual Reality is another fresh and exciting way to game that has started to cause some publicity. The main reason that AR/VR tech hasn’t had quite the same crossover appeal is due to costs, but with more affordable VR headsets hitting our shelves, this could be an area that combines with crypto gaming to create a whole new way of playing our favorite casino games.
We would say that crypto gaming has a long way to go before it can start to stake a claim as a legitimate adversary of the behemoth of traditional gaming. With a whole host of established professional video gaming companies worth billions of dollars and tens of millions of console gamers playing online daily, this attitude must shift immensely.
That’s not to say there won’t be more people playing crypto gaming in years to come; that’s almost certainly a given. However, if this shift does occur, it’s improbable that it will be a meteoric rise and more of a slow burner.