{"id":4550,"date":"2024-09-25T05:14:16","date_gmt":"2024-09-25T05:14:16","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=4550"},"modified":"2024-09-25T05:14:16","modified_gmt":"2024-09-25T05:14:16","slug":"what-makes-crypto-gaming-different","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different","title":{"rendered":"What Makes Crypto Gaming Different?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#Crypto_In_iGaming\" title=\"Crypto In iGaming\">Crypto In iGaming<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#Real_World_Currencies_As_In-Game_Currencies\" title=\"Real World Currencies As In-Game Currencies\">Real World Currencies As In-Game Currencies<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#NFTs_As_In-Game_Assets\" title=\"NFTs As In-Game Assets\">NFTs As In-Game Assets<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#Accounts_On_Blockchain\" title=\"Accounts On Blockchain\">Accounts On Blockchain<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#Transparency\" title=\"Transparency\">Transparency<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#The_Play_To_Earn_Model\" title=\"The Play To Earn Model\">The Play To Earn Model<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/digitalcoinprice.com\/blog\/what-makes-crypto-gaming-different\/#The_Future_Of_Crypto_Gaming\" title=\"The Future Of Crypto Gaming\">The Future Of Crypto Gaming<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">A lot of games offer their own in-game currency. Players can buy or earn V-Bucks in Fortnite, Minecoins in Minecraft, and FUT coins in FIFA. But, outside the games themselves, these currencies carry very little value. Similarly, in-game assets like weapons, skins, vehicles, and other items also have no value outside of games, except in rare circumstances.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto gaming can change that because it uses cryptocurrency so players could buy and sell their in-game currency on exchanges like Kraken and Coinbase. And in-game assets? They are designed and distributed as NFTs, which can be minted and traded on NFT marketplaces.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not only does this offer the potential for players to make real money from their in-game efforts but it can also enable the transfer of funds and assets from one game to another, opening up a whole universe of gaming opportunities. As yet, the industry has only scratched the surface of what is possible, but developers and publishers are looking for ways to further innovate.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_In_iGaming\"><\/span><span style=\"font-weight: 400;\">Crypto In iGaming<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While crypto gaming hasn\u2019t taken mainstream video gaming or mobile gaming by storm yet, it has had a significant impact on iGaming. As well as offering anonymous, secure, private payments, it has also opened up the iGaming market. Players in jurisdictions where gambling is heavily regulated have been able to access casinos from around the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As well as games like roulette, slots, and live poker, players can now access more unusual games like pachinko and <\/span><a href=\"https:\/\/www.megadice.com\/en\/sic-bo\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">sic bo online<\/span><\/a><span style=\"font-weight: 400;\">. Pachinko and sic bo are popular in Asian casinos, but they are rarely seen outside the continent, except in online and crypto casinos. Crypto casinos are also able to offer substantial welcome and deposit bonuses, as well as sizeable jackpots. These benefits have seen crypto iGaming options become very popular.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Real_World_Currencies_As_In-Game_Currencies\"><\/span><span style=\"font-weight: 400;\">Real World Currencies As In-Game Currencies<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">iGaming sites allow players to use existing cryptocurrencies. The most commonly used are Bitcoin, Ethereum, Tether, Litecoin, and Dogecoin. None of these were established specifically for use at online casinos, but they are some of the most popular cryptos, which has seen them picked up and used in this way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, crypto gaming uses dedicated gaming currencies. Currently, games like Axie and Decentraland use their own specific coins, AXA and MANA respectively. These cryptos can be traded on centralized exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the future, if a single blockchain can bring several gaming companies together, players will be able to use a single currency across all games, taking their winnings from games like Call Of Duty and using them to spend on new items in Elder Scrolls Online, for example.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"NFTs_As_In-Game_Assets\"><\/span><span style=\"font-weight: 400;\">NFTs As In-Game Assets<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NFTs are, at their core, <\/span><a href=\"https:\/\/www.theverge.com\/22310188\/nft-explainer-what-is-blockchain-crypto-art-faq\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">digital collectibles<\/span><\/a><span style=\"font-weight: 400;\">. They are similar to trading cards, but they can be much more dynamic than that. An MMORPG could use NFTs as in-game assets, such as swords, guns, vehicles, or skins. The item would belong to the player that created it. It could be exchanged for cryptocurrency, traded for other items, or given away.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because NFTs are recorded on the blockchain, when ownership transfers to a different player, they would take full ownership of that item. Furthermore, although it would be possible, if games were created on the same blockchain, to carry NFTs over from one game to another. Players will be able to use their favorite Mario Kart in the next Drive game or use their Spartan Energy Sword in Fortnite.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Accounts_On_Blockchain\"><\/span><span style=\"font-weight: 400;\">Accounts On Blockchain<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Players plow thousands of hours into some games. The likes of World of Warcraft and RPGs like Oblivion demand a lot of time, including hundreds of hours grinding and farming for items or experience. Losing those accounts, because of theft or hacking, can be a genuinely traumatic experience.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain accounts are more difficult to hack due to their use of advanced cryptography and their decentralized nature. Because the accounts would be funded using cryptocurrency, this also negates the need to submit bank or credit card details, and users wouldn\u2019t even need to register personal details.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto gaming is more secure. But, if players want to sell an account they\u2019ve spent a thousand hours developing, they would be able to do that on blockchain marketplaces.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Transparency\"><\/span><span style=\"font-weight: 400;\">Transparency<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Blockchain games are transparent. The blockchain uses private and public keys to ensure strong encryption. Users retain those private keys, but public keys mean that transactions are visible on the blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Transactions do not give any publicly identifiable information, but they do show the wallet addresses of senders and receivers as well as what was transferred. Buyers can check the provenance of goods and currencies sent.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Play_To_Earn_Model\"><\/span><span style=\"font-weight: 400;\">The Play To Earn Model<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Play to Earn is a type of gaming that rewards players for their in-game efforts with money or items that hold real-world value. In the case of crypto gaming, this usually means rewarding players with cryptocurrency or NFTs. Players can be rewarded for time spent in the game or for specific actions like leveling up their characters or beating certain bosses.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Future_Of_Crypto_Gaming\"><\/span><span style=\"font-weight: 400;\">The Future Of Crypto Gaming<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For all the benefits of crypto gaming, however, it has yet to really hit the mainstream. It remains something of a niche, as it has yet to get the backing of major game companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With that said, Sony recently launched its own <\/span><a href=\"https:\/\/www.coingecko.com\/learn\/what-is-soneium-sony-crypto\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">layer 2 blockchain called Soneium<\/span><\/a><span style=\"font-weight: 400;\">, having partnered with the likes of Chainlink and Alchemy. And there are rumors that Microsoft is exploring something similar. Considering the number of game studios Microsoft has acquired in recent years, this could be a significant move within the crypto gaming sphere.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of games offer their own in-game currency. Players can buy or earn V-Bucks in Fortnite, Minecoins in Minecraft, and FUT coins in FIFA. But, outside the games themselves, these currencies carry very little value. Similarly, in-game assets like weapons, skins, vehicles, and other items also have no value outside of games, except in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-4550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web3-games"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/4550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=4550"}],"version-history":[{"count":1,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/4550\/revisions"}],"predecessor-version":[{"id":4552,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/4550\/revisions\/4552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/4551"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=4550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=4550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=4550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}