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How is Crypto Redefining the Gaming Industry?
22 Nov 2022
The gaming industry is regarded as an example of modernisation and consistent innovation. This is one of the few industries that always embraces new technological developments and thrives to constantly improve player experience in the world of entertainment.
One of the most revolutionary advancements in the gaming industry was the introduction of crypto. In fact, the gaming industry is leaving no stone unturned to include this technology in the upcoming online games and creating something new and exciting for their ardent fans!
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- In-Game Transactions:
Multiplayer online battle arena has been one of the most important gaming modes for more than a decade. The reason behind its popularity is that players achieve a sense of interaction and community. In fact, you’d be surprised to learn that the net worth of the MOBA industry is expected to skyrocket to $32.98 billion by the year 2027.
When it comes to such online battle arenas, in-game purchases are a big hype. Players are constantly looking to purchase new features, items, and skins that will help them enhance their gameplay and thereby the overall player experience. Crypto makes these in-game transactions seamlessly easier without the involvement of any banks.
- Better Security:
Cryptocurrency is a public digital ledger that is stored on the blockchain. The transactions made using cryptocurrency are secured using cryptography. The use of cryptography makes it nearly impossible for cyber criminals to attack your transactions.
Such improved security measures have opened up new doors of exciting opportunities for game developers and gamers. The casino industry is already benefiting exceptionally with the widespread crypto integration and other gaming industries have started incorporating it too.
- Better Games:
With the widespread integration of cryptocurrency in the gaming industry, game developers can now integrate new mechanics, features, and titles to their games that will certainly grab the attention of their target audience. Furthermore, cryptocurrency dedicated games are also on the rise right now and you can expect them to make a positive impact on the gaming audience within just a few years.
- Digital Ownership:
Cryptocurrency has introduced the concept of non-fungible tokens (NFTs) which allows players to truly own game items. These assets can be used by players to trade and purchase items seamlessly during their gameplay. These are a one-of-a-kind assets that assure players a sense of uniqueness that creates for a more engaging and exciting player experience.
The blockchain technology and the advent of cryptocurrency has definitely transformed the gaming industry and will continue to do so for the upcoming years as well. Not only does the technology provide better speed, security, and digital ownership but also opens up a plethora of promising opportunities for the future to come!
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