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Cryptocurrencies in games: is it worth investing in gaming alts?

Blockchain is actively use in games, and decentralized apps are becoming truly successful products


  • 12th, October 2021 (1 week ago)
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Tokens provide a guarantee of real property

First of all, blockchain games allow players to establish complete control over their in-game items, namely game artifacts or character. They can be improved, and then sold or gifted to other users. Often, each asset is represented by a unique non-fungible token of the ERC-721 standard, which allows it to be controlled. Such tokens became widespread when the famous CryptoKitties, CryptoPunks entered the market. In the popular game CryptoKitties, users become owners of pets, the uniqueness of which is determined by a smart contract.

The ability to create a gaming multiverse

By linking game items with ERC-20, BEP-20 tokens, users can exchange game skins, cards, weapons and characters between different games. The main thing is that other gaming platforms are on the same blockchain. Gamers can create their own marketplaces to trade in-game items, sell personally designed artifacts, and even estimate the cost of loot.

Lack of intermediaries between players

Cryptocurrency gives players the ability to transact with each other and buy or sell in-game assets directly. The absence of intermediaries allows the user to control the market, and not the developer or the processing center, which charges high fees for conducting transactions. Many free games rely on in-game purchases, and cryptocurrency makes the process of acquiring assets a hassle-free process, which helps attract more gamers.

Cryptocurrency improves player experience

Platforms that allow users to monetize their gaming achievements thus motivate gamers to play better, because their efforts are rewarded. And the better the player's result, the more coins he can earn. This opportunity encourages the gaming community to massively used crypto games.

Are there any disadvantages?

It should be understood that the advantages described above are a perfect representation of how to use cryptocurrencies in games. Today, many gaming platforms that use digital assets have a small number of users. Most of this is due to general skepticism and distrust of cryptocurrencies, but also because most crypto games are too straightforward to attract gamers. Players, on the other hand, are looking for beautiful graphics and an exciting gaming experience in projects.


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