Exploring Crypto Gaming and Its Future Potential

crypto-gaming

For decades, gaming has followed the same model iterated in the 90s. Paying players have managed to gain significant advantages within games by getting extra benefits. In general, the gaming landscape has been a one-way equation. Gamers put in their time and resources in experiencing games and are unable to derive broader value from the valuable input that goes into gaming.

Crypto gaming is completely changing this landscape by allowing gamers to shift from the pay-to-play model to the play-to-earn model. Gamers now have the ability to generate real-life returns from their gaming efforts, thanks to the improvement in blockchain technology. Aside from simple earning-based rewards, gamers also have the ability to trade exclusive in-game items into the secondary market and benefit from the existing demand for specific items within the games.

Interoperability is another aspect that has completely enhanced the experience for gamers in the crypto landscape. This phenomenon allows gamers to utilize their in-game items across different platforms and benefit from their progress within a single game across the entire metaverse. Conventionally users could not benefit from their expensive in-game purchases because the items were limited within the game with no real-life value. Today, the landscape is completely different because of the progress made by blockchain technology. The innovation in Non-Fungible Tokens (NFTs) has also supplemented the development of the crypto gaming landscape. By allowing in-game items to have trackable ownership and utility, the gaming landscape is being transformed with renewed possibilities for gamers.

AUTHOR

Jae McKinney

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