In just a few years, cryptocurrency has changed the way we view money and changed our thinking. Crypto has become mainstream and game developers are now developing games that use blockchain technology.
While the crypto gaming industry is still young, it has gained a loyal following. The promise of decentralized gaming is that gamers will have the freedom they cannot achieve in traditional gaming environments. Continue reading to find out how crypto gaming works, and what the future holds.
What Is Blockchain?
Adequate knowledge about Blockchain technology is essential to understanding crypto games. Blockchain technology is the core of crypto gaming. It powers Bitcoin, Ethereum and other cryptocurrencies.
A Blockchain is at its core a database that is shared among a network of computers. It acts as a system for recording information. It is nearly impossible to hack or alter data once it has been added to the chain. This makes it very difficult to cheat the system. Every computer connected to the network checks to make sure all copies are identical. Blockchain technology is used to build crypto games.
What Is Decentralized Gaming?
Gaming is a central activity. All assets, skins, in-game currency and assets are developed for the game. Game developers are the only ones who can make an alternate version of the game.
The concept of crypto gaming is a way to flip the current model and allow everyone to own a part of the game. Imagine being able to own the in-app purchases that you make in a particular game, or transfer winnings or purchases from one game to another. All that is possible with crypto gaming, which gives digital assets real-world worth.
Crypto gaming assets are not like traditional gaming. They don’t reside on a central server. You own all the items that you earn playing crypto games. This includes XP, weapons and skins. You don’t have to lose all your in-game assets if you quit playing a game. Instead, you can trade, sell, or take them with yourself.
Blockchain gaming allows developers and players to be on the same side. The game’s outcome is not controlled by anyone, and anyone can see the code that makes up most blockchain-based games. This transparency allows developers to add an update that the community does not like and the game can be divided and other versions made.
Non-fungible tokens, or NFTs, are unique assets that exist on the blockchain. An NFT can be an item in-game, rare skin, artwork, and any other electronic asset that you cannot replace with another. NFTs most commonly occur on the Ethereum blockchain. However, almost all cryptocurrencies can implement their own version of NFTs. NFTs can be used for thousands of purposes and are not restricted to gaming.
An NFT can only be owned by one person, and each NFT is unique. The metadata of an NFT includes unique attributes that are associated with the NFT. They are valuable collector’s items because they are limited in availability and cannot be altered or faked. In the world of crypto gaming, NFTs include skins, heroes, and items. The NFTs that you earn while playing crypto-games can be sold on digital asset marketplaces.
NFTs can have different values and are not interchangeable. However, cryptocurrencies like Bitcoin can be interchangeable. If you both have a Bitcoin, it is the same asset that has the same value.
Games Built On Blockchain
One of two options for crypto games is to use blockchain technology: as the foundation of an entire game, or just for its in-game economy. Every interaction in a game built on blockchain technology is recorded and verified as new blocks. NFTs are used to represent in-game assets. This allows players to trade, buy and sell skins and weapons, pets and other items for real-world cash. These games have a decentralization that is much more than traditional video games.
How To Play Blockchain Games
To play crypto games, you will need to purchase cryptocurrency. You will need Ether to purchase Ethereum to play most games. A crypto exchange platform allows you to convert fiat money (government-backed currency), into cryptocurrency. There are many cryptocurrency exchanges. You’ll want one that meets your specific needs.
You should look for a cryptocurrency exchange that accepts your preferred payment method and deals in your local currency. To keep your Ether and other cryptocurrencies safe, you will need to put them in a crypto wallet. There are many types of cryptocurrency wallets available, just like crypto exchanges. You can also purchase tokens with fiat money in other games, which allows you to avoid the exchanges.
You must choose the game that you wish to play before you can get started with blockchain games.
What Types Of Crypto Games Are Available?
Although crypto games are still very young, it is difficult to classify them. Here are some examples to help you get an idea of what is out there.
1. Collectible Games
The heart of crypto and blockchain gaming is the world of collectible games. CryptoKitties is one of the most popular games in this category. This game allows players to train, collect and trade digital animals within a virtual world. It is similar to Pokemon but with CryptoKitties.
2. Role-Playing Games
These games allow players to directly control characters and engage in real-time combat. This gameplay is similar to the shooter or hack-and-slash games. These games can be used to earn NFTs or crypto rewards. Few RPG-based blockchain games are available.
3. Open World Games
Open-world crypto games can be described as explorable worlds that are built using crypto-based assets. These games allow you to buy land parcels for real money, customize your land, and add people, buildings, and plants. For real money, you can also sell your land.
The Most Popular Crypto Games
Every day, the number of crypto games grows. These games are also getting more advanced. Here are some of the most well-known crypto games that you can now play.
- Axie Infinity
- The Sandbox
- Six Dragons
Future Of Crypto Gaming
Gaming is changing. Crypto gaming is here to stay. Blockchain’s greatest value to gaming is its ability to create microeconomics within a game that allows players to sell and own in-game assets. Crypto gaming will become more popular as it becomes more sophisticated. It’s possible that blockchain and decentralization will be the future of gaming.