Video game enthusiasts have a strong interest in new, emerging technologies, often following tech companies online, searching for new solutions that could improve their gaming experience. It should come as no surprise that, when it comes to blockchain and gaming, there is a significant crossover between the two communities.
Digital currencies have been an integral part of games, especially MMOs, since the genre’s rise to popularity. Adding tangible, tokenized solutions, such as crypto payments, could easily resolve online gaming problems, e.g. virtual economy crashes and in-game inflation. There are coins and tokens created specifically for in-game purchases, as well as blockchain-based games. One such game would be CryptoKitties – a virtual pet game so popular, it forced an Ethereum blockchain update, resulting in a sixfold increase in average ETH transaction speed.
Gaming isn’t necessarily limited to video games. Cryptocurrency payments are rapidly gaining popularity in the gambling industry, especially when it comes to online gambling. Crypto provides both the customers and the business owners with increased privacy, security and an opportunity to make even more out of the earnings over time, especially in a bullish market.