As the gaming industry continues to evolve, we see new trends every year. Thanks to the massive growth in technology, every game now has unique features that gamers find entertaining and exciting. Therefore, we can experience breathtaking graphics, great attention to detail and gameplay like we have never seen before.
Speaking of growth, one of the latest trends in the gaming industry involves the use of cryptocurrencies. The number of players who are using these digital assets in the gaming industry is increasing every day and this is the topic we wanted to cover in this article.
We’ll take a look at the reason (s) why gaming, especially online gaming, will drive the massive adoption of crypto. Let’s start breaking down the details.
Fairness of play
One of the most popular online games is online casino games. You can access it after registering with a casino site that accepts cryptocurrencies. With the fact that the best casinos are provided by some of the most reputable game providers in the world, you can rest assured that you will be able to enjoy the best games on the market.
All of the best crypto casinos use a mechanism called fair odds play. Although there are several versions of this method, we’ll take a closer look at which one is most commonly used. Each rollover result in this method is calculated by server speed, client speed, and nonce.
Server speed is provided by the gaming site, client speed is provided by the browser, while the nonce is a number that keeps increasing as you place bets. Before you start playing, you will receive a server speed hash which cannot be changed by the site because you receive it in advance.
A random customer speed will be generated by your browser which can be changed so that the site does not know about it and each time you place a bet the nonce will increase by 1. At the end of the bet if the seed number matches to the player’s number, then you receive a reward.
The chance to earn money
The second reason that online gaming will drive the massive adoption of crypto is because crypto gives them the opportunity to earn money. Of course, online casino games are played for a reward, but there is a risk of losing money.
This is not the case with other crypto-based games. To explain this, we turn to NFT, which stands for Non-Fungible-Tokens. By playing popular NFT games like Axie Infinity Gods Unchained and Sorare, you will have the chance to get unique tokens which you can resell later for cash.
Considering the fact that some of the cards featured in the games are extremely valuable, there is a chance that you could make a very decent profit from them. So having fun and making money at the same time.
Players are already calling for crypto adoption
Finally, statistics show that gamers are already asking for massive crypto adoption. On a pole where gamers were asked why blockchain is valuable to the gaming industry, 61% of people responded that crypto offers innovative and entertaining gameplay. Rewards also played a major role as 54% said the reason blockchain is valuable is because it can provide players with real money rewards.
In addition, 72% of those polled said they would consider using these technologies in the next 12 months.
At the same time, 64% of them believe that in the next 2 years, crypto will be among the leaders in the gaming industry and 53% of them agreed that NFTs will be more common.