The role of cryptocurrencies in gaming

Why use cryptocurrency in gaming?

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 start adopting trusted transaction cryptosystems.

Game players these days!

Today's players 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 crypto gaming, the gaming industry now has a secure and simple method of revenue generation. This is accomplished by turning the gaming platform into a full-edged ecosystem that remits value to the player. Developers usually leverage the use of Bitcoin and other types of cryptocurrency to achieve this.

Investing in Crypto-Gaming offers significant financial returns

In 2018, the cryptocurrency gaming platform generated an incredible $137 billion in revenue, a 13% increase over the previous year. As a result, we anticipate that more firms in the gaming industry will invest in cryptocurrency technology over time to capitalize on the growing interest in digital currencies.

Global gaming industry firms are moving towards crypto

Twitch and Steam, two well-known companies in the gaming industry, began accepting cryptocurrency for in-game purchases and other transactions as of 2017.