Cryptocurrency and gaming

Blockchain and cryptocurrency technologies are used in a wide range of applications: in finance, banking industry, to verify the identity of data and documents. In addition, it should be mentioned that these technologies have the potential to completely change the way we are used to gaming:

  • Now it is possible to use the same skins and items in different games, which turns digital assets into real value.
  • A specialized marketplace for selling, buying, and exchanging such digital assets on blockchain appears.
  • The cryptographic data protection technology used in cryptoensures the integrity and security of gaming objects, while at the same time confirming ownership.
  • The black market is of no use to anyone. Cryptocurrency allows game developers to legally sell gaming items with minimum or zero commissions.
  • The technology behind cryptomakes rare gamingitems even more valuable and rare.
  • Receiving payments in cryptocurrencysaves a lot of money on processing payments for game developers.
  • Every transaction is recorded in the blockchain, which is extremely important to prevent gaming fraud.

Esports

Gaming projects based on Ethereum

CryptoKitties

RPG games

Enjin

Decentraland

Sandbox

Playkey

Decentralized games are based not only on the Ethereum blockchain. For example, the “Upland” game with its internal UPX currency is based on the EOS blockchain. The essence of the game is inherited from the popular “Monopoly” board game. There is also the “EOS Knights” best mobile game for devices running on iOS and Android. Actively developing games on Steem and TRON blockchains should be mentened too. There is also a game in the genre of fantasy “LiteBringer”, which works based on the Litecoin blockchain, in the development of which the creator of Litecoin, Charlie Lee, is involved.

Decentralized games based on the blockchain are represented in a great variety. There are gamers adventures and card games, space exploration, strategy games, action games, role-playing games, and more.

Gambling

How the gaming industry will develop in the future

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Originally published at https://simpleswap.io on October 1, 2020.

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