How does crypto gaming work? Game developers implement a variety of different methods and business models. First of all, these are play-to-earn P2E games which use blockchain to buy or earn gaming tokens. For example, early birds can purchase tokens after the game launch and expect the value to grow when the number of players increases. There are video games which sell in-game items skins, virtual territories, weapons, etc.

Some developers take NFTs for unlocking new levels which motivate gamers to spend more inside the game. But this one is quite tricky because may lead to compulsive gaming. There are also video games which reward users with crypto for participating in tournaments, completing quests, or inviting friends.

Benefits of crypto gaming There are several serious advantages that make crypto gaming one of the biggest game changers. Instant transactions Most payment methods involve third-party processors that may prolong transaction times and involve unnecessary mediators that have your sensitive data. That is why crypto is like a breath of fresh air.

Yes, there might be slight delays when the system is overloaded but luckily there are numerous wallets and exchanges that eliminate this problem. You can keep your email and phone number to yourself and bypass a bunch of requirements on your way to gambling. Not depending on your physical location, the transactions are clear and convenient, adding flexibility and accessibility to the process.

Other crypto gaming platforms offer ways for crypto investors to gamble their currency on casino games and other games of chance. BitStarz, 7bitcasino and mBitcasino are among the three most popular crypto gambling platforms. These tokens may only have utility within a particular game or gaming ecosystem, but the top tokens also have significant real-world value.

Third-party developers have incorporated ApeCoin into their games. Users can buy and sell digital real estate, interact with other users and even play games in Decentraland. How To Earn Money With Crypto Gaming Crypto gamers can think of in-game rewards as small paychecks they receive for completing quests or other requirements. Harry Turner, former hedge fund manager and founder of The Sovereign Investor, says in-game items such as weapons, armor, skins and other equipment can hold tremendous real-world value.

DMarket is just one example of an online marketplace for NFTs and other virtual in-game items, many selling for millions of dollars. Zain Jaffer, founder and CEO of Zain Ventures, says similar to investors buying stocks, crypto gamers who invest early in a successful game will likely be the biggest winners. Twenty years later, Jaffer says these party hats are now worth billions of in-game gold pieces. Crypto Gaming Risks Unfortunately for crypto gamers, there are plenty of risks associated with crypto games and tokens at this stage.

Once players abandon a game, demand for an in-game currency may completely dry up and make its tokens worthless. Turner says there are also significant risks associated with holding in-game currency. Because cryptocurrency is relatively new and not well-regulated, criminals are always looking to take advantage of crypto gamers via hacks and scams.

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