Virtual currencies have become something of a norm within the video game world – whether it be ‘V-Bucks’ in Fortnite, ‘FIFA Points’ in FIFA, or maybe you’re paying to unlock Darth Vader in Star Wars: Battlefront 2.
In any event, it makes reasonable sense for the crypto world to tap into the hugely profitable video games market
Blockchain gaming is already real, and non-fungible tokens (NFTs) have been added to some of them. Many cryptocurrencies are non-fungible, meaning they cannot be liquidated into fiat but they are interchangeable with other cryptocurrency tokens. If we were to see the adoption of non-fungible tokens in the mainstream video game world, we could be on the cusp of seeing an exponential increase in the size of the cryptosphere.
Blockchain is pivotal for cryptocurrencies, but what’s its relevance within the gaming world? The technology behind blockchain enables transparency as well as proof of ownership, which are particularly relevant for gaming.
To find out more about why the future of blockchain gaming is decentralised, read this article.