You might not have heard of crypto gaming yet, but it's a growing trend that could end up changing people's lives. It's a type of gaming that uses cryptocurrencies as its main currency.
At its core, crypto gaming is about collecting different kinds of cryptocurrencies and then using them to gamble or trade with other players. The games can be as simple or complex as you want them to be, and the currencies can be used to buy in-game items or privileges.
While the concept of crypto gaming is still new, it's already proving to be a life-changing experience for many people. Players are using cryptocurrencies to escape poverty and build a better life for themselves and their families.
In this article, we'll explore the concept of crypto gaming in more detail and look at some of the amazing stories of people who have been helped by it.
GameFi: when gaming meets DeFi
While researching about play-to-earn games, you might have heard of GameFi, a gaming genre that's using blockchain technology to revolutionize the gaming industry. What you might not know is that GameFi is also using blockchain technology to help people escape poverty.
How? By giving people the chance to earn cryptocurrency through gaming. Here's how it works: you play games, and whenever you earn a victory, you earn cryptocurrency. You can then use that cryptocurrency to buy in-game items, or you can exchange it for cash.
What's great about this is that it gives people an opportunity to make money in a way that's fun and challenging. And it also helps them to build up their crypto portfolio, which can be helpful in times of market volatility.
GameFi is basically when Metaverse meets DeFi, yes decentralized finance has more applications than banking. You can earn by clearing some levels, just logging in daily, or renting your setups to other gamers.
Generally, gamers are offered some items and gifts are promoted within the game for the players to spend money.
The rise of blockchain games where the players are popularised with 'tokenizing' game assets.
The blockchain technology used to create a cryptographic accounting system for the game token, gamers can able to buy an asset, sold and even trade them in outside
Crypto usage in online gaming
With an immediate real-world value, gamers can get virtual currencies. creation and the monetization of new digital micro-economies within games, players and gamers rewarded in this way. This is a great idea for the business and to play more. The opportunity to play online video games and earn digital money.
Gamers are starting using digital currencies in every game with the effect of this the use of blockchain and cryptocurrency will also increase. This is the finest way to earn cryptocurrencies for crypto lovers. This is the way to balance their crypto coins.
