Today, the gaming industry is worth millions of dollars. In fact, it is one of the most lucrative industries on earth. There are many people who play games for fun, but there are also gamers who earn money from playing games.
While some gamers prefer to put their skills to use in online matches against real opponents, others prefer virtual reality games where they can interact with characters in a simulated environment.
Blockchain-based gaming platforms such as GameCredits allow players to earn crypto coins while playing games online or offline. These coins can be exchanged for traditional currencies such as USD or EURO or traded for other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
In the last few years, the world has seen a rise in popularity of blockchain technology.
In the last few years, the world has seen a rise in popularity of blockchain technology. Many industries have already adopted its use including finance, health, commerce, etc. The gaming industry is one of those industries that are only beginning to explore the potential uses of blockchain technologies and cryptocurrencies.
The gaming industry saw revenue growth of 35% in 2018 and is expected to reach an estimated $300 billion by the end of 2022.
This means that there is a huge market for new games as well as other products such as software development tools and services from companies like Unity or Epic Games who specialize in creating game engines for their customers.
The gaming industry is one of such industries that have seen a rise in the adoption of blockchain technology.
The gaming industry is one of such industries that have seen a rise in the adoption of blockchain technology. With its large market and growing user base, it seems like a good place for crypto coins to infiltrate. The blockchain technology on which these cryptocurrencies are based has many benefits for gamers as well as game developers and publishers. It will help solve many problems facing this multi-billion dollar industry.
Blockchain-based games are gaining popularity because they give gamers an opportunity to earn while they play.
Blockchain-based games give you an opportunity to earn while you play. The blockchain is a distributed ledger that records transactions across multiple computers in a decentralized network. Using the blockchain allows gamers to receive rewards and engage in gambling, lending and trading.
Developers can use blockchain technology to create more secure and transparent games. Regardless of the blockchain platform, players can use their preferred devices.
Here are 5 crypto coins that are set to disrupt the gaming industry.
GameCredits
GameCredits’ primary focus was and continues to be as a digital currency. Since its inception, GameCredits has been used to both revolutionize in-game purchases and to provide game developers with monetization based on the fair play rules that blockchain technology provides.
GameCredits’ original creators anticipated the continued growth of the Esports sector and envisioned GameCredits’ Token (GAME) as a digital currency that could be incorporated into Esport Tournament prize pools and payouts.
Enjin
Enjin is a cryptocurrency that is used to buy, sell and trade virtual goods. It’s also a digital currency that can be traded for other cryptocurrencies or fiat currencies.
Enjin Coin (ENJ) uses Ethereum smart contracts to create these decentralized tokens which are backed by an ERC20 token on the public blockchain network. You can use ENJ tokens to buy items such as weapons or armor in games; you can also trade them on exchanges like Binance or Kucoin if you want more liquidity for selling your items later on down the road.
Decentraland
Decentraland is a virtual reality platform powered by the Ethereum blockchain. It allows users to create, experience, and monetize content and applications. The project’s mission statement is to create “a decentralized platform that runs on open-source code in which participants can buy land or earn it through bounties.”
In Decentraland there are two types of digital currency: land (Lands) and metaverse tokens (MANA). MANA is used to purchase Land parcels and other goods/services within Decentraland’s ecosystem; it also acts as a governance token for voting on issues like changes to game rules or policy decisions.
The Sandbox
The Sandbox is a user-created metaverse in which players can design and share their own games. You can earn crypto coins by playing the game, which you can then use to buy items in the game. Players can also create missions and sell them on virtual marketplaces for money..
XAYA
XAYA is an open source, decentralized gaming platform that allows developers to create games and players to earn rewards by playing them. The platform will be available on the web, mobile and desktop.
Xaya is a blockchain-based gaming platform that uses smart contracts to overcome the challenges of scalability and decentralization in games.