The integration of blockchain technology with the landscape of gaming has been a revolutionary act, redefining the gaming industry like never one could imagine before a century. The Web3 ecosystem allows players to play games and earn crypto, giving them ownership rights and enabling trade across the network. Crypto games utilize blockchain technology and smart contracts to store data and reward players. These games are being widely played by gaming enthusiasts and crypto wellwishers alike, what makes them interesting, and why one should play them? In this article, we’ll deeply dive into the world of crypto gaming giving you information on what they are, how they work, how to play, and more.
What are Crypto Games?
These are traditional video games that combine blockchain technology with its interface to provide users with an opportunity to convert their in-game assets to real-world value, ie crypto. By converging traditional gaming experience with the alluring opportunity to earn crypto, crypto gaming is gaining hearts. These games give players sole control over their in-game assets, they can use, sell, or trade them across games or even platforms sometimes.
Key Features of Crypto Games
These are shaking the global gaming market with their unique features and ability to earn while playing. Let’s take a look at the key features of the platform to understand why these games are becoming everyones favorite.
1. Decentralization
These games utilize blockchain technology, hence they are decentralized. Unlike a normal game which is monitored by a central entity, crypto games are controlled and regulated by members of Decentralized Autonomous Organisations (DAOs).
2. Interoperability
It allow interoperability, which means they can be easily integrated with other blockchain networks, allowing users to expand their assets to different markets.
3. Ownership
In this games, players earn in-game assets in the form of NFTs or crypto tokens, and these assets completely belong to the players, they can sell, or trade them whenever they want.
How Does Crypto Gaming Work?
Crypto gaming utilizes Web3 technology and blockchain networks to facilitate seamless gaming. The centralized servers store the player information, while the in-game assets including NFTs and crypto tokens are stored in blockchain’s distributed ledger. The play-to-earn gaming model allows players to participate in the game, complete tasks, and earn the cryptocurrency or NFT as a reward in return. The in-game rewards earned belong to the players and they can utilize it as they want. It can be sold, traded, or used as it has real-world value.
How to Get Started with Crypto Games?
Setting up crypto games is not as easy as normal games, not in its navigation or complexity levels, the connecting of crypto wallets and purchasing cryptocurrency can sometimes feel overwhelming. But don’t worry, with our step-by-step guide we make it easy for you to play crypto games.
Step 1: Create a crypto wallet
This is the first and foremost step to begin your crypto gaming journey. With crypto wallets, you can store cryptocurrency and NFTs, which are important for playing crypto games.
Step 2: Purchase crypto
Cryptocurrencies are the medium of exchange crypto games. For buying in-game assets and participating in the game ecosystem, you need cryptocurrency. Different games use different cryptocurrencies, so be sure which crypto your game supports before purchasing. You can purchase cryptocurrencies from crypto exchanges.
Step 3: Select a game
There are different types of crypto gamings available online, ranging from card games, strategic games, and metaverse games. You can choose one that aligns with your interests. Remember different types of games offer different amounts of rewards, so choose accordingly.
Step 4: Evaluate the market value
This games offer rewards that have investment potential. You can improve your earnings and generate high returns. Playing a game that offers crypto with high value increases real-world profits.
Popular Crypto Games You Shouldn’t Miss
- My Neighbour Alice
- Decentraland
- Gods Unchained
- Illuvium
- The Sandbox
Challenges of Crypto Games
Till now you only read about the benefits of this games, their potential to offer value and profits. But as a coin has two sides, this games have another side, the challenges or the risks. Below we discuss the challenges associated with crypto gaming.
1. Market volatility
Cryptocurrencies are highly volatile, their value can change daily. The crypto you earned by playing a game today may not be as worth it as tomorrow, their value fluctuates drastically.
2. Frauds and scams
This platforms are prone to scams and frauds. The higher the popularity of these platforms, the higher the exploitation they face. The cryptos earned by players can be taken over by hackers and manipulators, making it necessary to choose a reputable and trusted platform to play crypto games.
Future of Crypto Games
We are living in a crypto game era, however, there is more to come, making the future of the crypto industry bright. One major and much-anticipated trend to rule the crypto gaming platform is the metaverse, combining virtual space with the real world. There are many such games available now enabling virtual space interaction and social trading, and more can be expected in the future. As the years pass crypto gaming industry will embrace new changes including enhanced interoperability, increased use of decentralization, etc.
Final Thoughts
This platforms are gaining significant traction, and the possibility of earning crypto by playing games makes everyone try these games at least once. However, it is important to choose a safe and secure gaming platform for playing this games as the risks associated are equally high as the benefits offered. Do proper research on the games and the platform before beginning the play so that you don’t have to regret later.