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The possibilities of cryptocurrencies for the gaming industry

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The practicality of cryptocurrencies has been hotly debated for a few years now. In the opinion of many, their true potential as means of payment has not yet been exploited, but a large number of consumers are still not convinced of the meaning of cryptocurrencies. One interesting area where cryptocurrencies can be expected to break through in the future is games and gaming.

Gaming is a popular hobby in Finland as well as in other parts of the world. More and more people relax after the workday and in the midst of everyday busyness by playing video, card and board games. The latest technology has always been used in the development of games, whether it is computer and console games, or online casinos such as Nopeampi Casino. As the players are often well informed about the development of technology, there is also a lot of understanding and interest in cryptocurrencies among them.

NFT games

For perhaps the longest time, cryptocurrencies and blockchain technology have been utilized in games in the form of NFT objects. In recent years, games have gained popularity in which the tasks and battles of the game contribute to the staking or mining of the blockchain. Players who are successful in the game are rewarded with cryptocurrency and NFT objects, with which you can easily prove your excellence to fellow players.

Micropayments

In recent years, paying for games has increasingly shifted to micropayments. In addition to paying the price of the game itself, players can, or depending on the point of view, have to pay for items in the in-game store with real money to get either collectibles or accessories. The potential of cryptocurrencies and blockchains in this field is huge. Their potential to make micropayments smooth and naturally connected to the game can greatly improve the reputation of micropayments.

Online casino deposits

Online casinos have become a very popular form of gaming in recent years. Gambling has always been popular, and in recent years the level and offer of online casinos has developed considerably. With both demand and supply in good shape, it’s no wonder that online casinos are played more than ever before.

Cryptocurrencies have also been part of the world of online casinos for some time. Some online casinos allow you to make deposits to the casino with cryptocurrency. Since both online casinos and cryptocurrencies are both modern digital phenomena, it is not surprising that they have quickly gotten to know each other.

Cryptocurrencies are well suited for making deposits, as the transactions made with them are really fast and safe. Although cryptocurrencies are not yet as common as traditional payment methods, they can be expected to become more common in the future.

Buying games with cryptocurrencies

If cryptocurrencies succeed in establishing their position as a functional currency, then they also have an interesting potential as a currency in various digital services from which games and in-game items are purchased. Nowadays, physical games with cases and discs are not bought much anymore, but games are paid for in digital marketplaces, from which they are downloaded to one’s own device. In these trading places, players almost always have the opportunity to trade in-game items with each other. One could think that cryptocurrencies are perfectly suited to this use. Game communities are international, so cryptocurrencies would conveniently be a fully digital and international currency that would be easy to handle game transactions.

Source: Plato Data Intelligence: Platodata.ai

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