The cryptocurrency era is bringing new opportunities for gamers and game developers as well as the opportunity for online games-of-chance lovers to make the most of blockchain technology. Crypto gaming operators have the software to receive bets in different currencies such as Bitcoin, Ethereum or Dogecoin, therefore, there are many different options to play slots, poker, blackjack or roulette.
Promising iGaming Industry
There is no doubt that the crypto casino market has shown great growth in recent years. These online operators offer board games and slots from the main developers, such as Playson, Pragmatic Play, Booongo, Betsoft, Vivo Gaming, BetGames.TV or Habanero, and there are also companies dedicated exclusively to the creation of games for these types of casinos. In the coming months, crypto casinos are expected to continue to evolve and enter new platforms such as the metaverse. It is an industry in full development, thanks to the massification that has been taking place in relation to cryptocurrencies. Many players adopt this method due to the security, speed, and anonymity it offers, plus some can even escape inflation thanks to Bitcoin. A study by the development company Softswiss noted that crypto payments increased by 28% in the second half of 2021, while, compared to the same period in 2020, the increase was 2.8 times.
Cryptocurrencies and Video Games
Gamers all over the world are taking full advantage of Blockchain technology by using cryptocurrencies as a means of payment in video games. Furthermore, many developers are also using cryptocurrencies as a reward for players who achieve success in their creations. In the same way, they are also being used as a currency to buy extra lives and other features within the game. In fact, new cryptocurrencies are being created every day with an eye toward developing the field of video games. Although, in many cases, these crypto assets have been created with the sole intention of being rewards and exchange currencies within the game, it is estimated that the world of video games could become one of the largest contributors to the world of cryptocurrencies.
How to make profit with crypto video gaming
Although some think that they are still “in the early stages” of construction, Blockchain-based games are already developing very strong economies. These come to be an attractive alternative to the diminishing supply of jobs. And the truth is that automation makes it increasingly difficult for people to find work. Many people who lose their jobs in the physical world see the world of video games as an opportunity to play games and earn money. Mainly younger people are the ones who are taking their first steps in the world of finance. They are the ones who see investment in cryptocurrencies and video games as the best option to generate income, especially, in countries where the economy has been hit hard. This is because in addition to the limited supply of job opportunities capable of satisfying economic needs, it is much easier for them to understand the operating and development principles of these crypto assets.
Other Options
Furthermore, some large operators allow betting in cryptocurrencies, but changing to euros in virtual wallets. They highlight casinos like Betway, 888casino or Vegas online slots in Canada which is very convenient because you can easily swap machines or change casinos if you need to. The process is the same: choose a licensed casino, pick a slot, insert your money, select your paylines and hit the spin button to bet. For this reason, it can be expected that more and more casinos allow gambling with these currencies, in addition to the development of new crypto casino options for the enjoyment of gamblers, who aspire to have fun and achieve great money rewards.
What to Expect
Undoubtedly, crypto gaming is here to stay despite the market crisis regarding Bitcoin. New casinos and sportsbooks that take Bitcoin and other crypto currencies have been offering more game and features at almost every crypto casino making them better each time. According to experts, it’s just a matter of time when the metaverse will become more widely accepted and the gambling’s future will be built on top of the blockchain. Although some people are reluctant to use cryptocurrencies because of their volatility, but as technology advances, more and more people will become engaged, therefore as the time goes on, crypto gambling will only grow in popularity.
In conclusion, exponential rise in the use of cryptocurrencies in the gaming industry is here to stay.
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