The Problem Of The Crypto-Game Industry

There is no argument about it; online gaming is a 'sport,' it is continually expanding and greatly appreciated by a community of passionate gamers. Many indie games are turning to cryptocurrencies and moving away from the old debit/credit card system. By providing crypto payment options, these games confirm the increasing popularity of digital currencies amongst the younger generation. The fact remains that all current trends indicate that the gaming industry's future lies in cryptocurrencies. To illustrate this point, we have put together some fascinating facts showing why many game platforms should embrace the future and adopt trusted transactions on the blockchain.

First, it is worth noting that today's gamers desire financial gain from the online gaming industry. Previously, gamers had to pay to either play or acquire their favorite online games. At the time, the notion of profiting from these games was non-existent. However, due to the advent of blockchain gaming, the gaming industry now has a secure and straightforward method of revenue generation. This new model of playing and earning is accomplished by turning the gaming platform into a full-edged ecosystem that remits value to the player. Developers usually integrate cryptocurrencies or NFTs to achieve this.

Global gaming industry firms are moving towards cryptocurrencies. Twitch and Steam, two well-known companies in the gaming industry, began accepting cryptocurrency for in-game purchases and other transactions in 2017. This event marked the beginning of the entry of cryptocurrency into the gaming industry.