While the pandemic and lockdown have supercharged the gaming industry, what exactly multiplied its value manifold is play-to-earn games. And it’s not just a fad, as InvestGame research shows that the global video games industry grew immensely in 2021.
In addition to the growth joystickgames.com, noted another trend – the rise of blockchain-based gaming or crypto gaming, which allows gamers to earn cryptocurrency rewards through playing.
Curious to know more? Read on to find out why crypto gaming is garnering support and what exactly makes it the future of the gaming industry.
Major Benefits of Crypto Gaming
Here’s a quick rundown of the major benefits that make crypto gaming stand out.
- It allows you to earn real money.
The basic principle of a crypto game is to allow you to earn crypto-based rewards while playing. The in-game currency will then get exchanged for NFT items or vice versa.
- A lot safer than traditional gaming
Since this gaming industry uses blockchain technology, the ownership of in-game inventory is completely secured. The blockchain won’t allow operations with the player’s property without one’s knowledge.
- It offers endless opportunities for gamers.
Since cryptocurrency is borderless, it opens the gate of opportunities for gamers so they can enjoy playing without geographical restrictions.
- It offers you knowledge about crypto.
Crypto gaming can be a great way to learn about investing and trading in crypto without any risk. In addition, it encourages mainstream adoption of blockchain technology to build robust and loyal gaming communities.
What makes playing and earning in Crypto the Future of the Gaming Industry?
Here, we’ve put together some major statistics and reasons that make crypto gaming the next big thing in the gaming world.
- Crypto Gaming is growing at an exponential rate.
Statista tracks the user count of crypto games and states that the combined monthly user count is above 2 million for three NFT games, including Alien Worlds, Splinterlands, and Axie Infinity.
Cryptocurrency in the gaming industry is emerging as a successful combination, thus garnering a lot of interest and attention.
- It primarily targets Millenials, who are the future of the gaming industry.
According to the reports by the famous crypto payments gateway, Triple A, millennials are the large age group attracted toward crypto gaming, with 38% of gamers aged between 21 and 38 years.
In addition, Asia-Pacific is a leading player in this industry, with around 22.6 million gamers holding cryptocurrencies. It is then followed by 5.9 million in Europe and 5.8 million in the Middle East.
- Crypto Gaming is not just attracting gamers but people with an urge to earn money.
What makes playing and earning with crypto popular is its wider base of audience. Unlike other games that specifically target gamers of different tastes and age groups, crypto gaming is operating at a big level. Along with players, it is attracting people who want to make money. A documentary on YouTube outlined how Filipinos are earning money through popular crypto games, like Axie Infinity.