What Makes Crypto Gaming Better Than Regular Gaming ?

Blockchain technology has seen advances in finance, supply chain logistics, and other areas of modern life. It is also becoming increasingly commonly seen in gaming, where it can offer a fast, convenient, anonymous payment method, as well as provably fair gaming, and a host of other benefits.

Crypto Gaming Evolution

Crypto gaming has come a long way since Satoshi Dice was launched by Eric Voorhees in 2012. Today, it is starting to see deployment in AAA titles, while play-to-earn games have become very popular. In addition, there are a growing number of online casinos, including those reviewed on cardplayer.com, that operate on blockchain and utilise cryptocurrency. According to online gambling expert Andjelija Blagojevic, cryptocurrency can offer rapid deposits, and casinos offering this payment method typically provide generous new player bonuses.

Faster Transactions

Cryptocurrency offers near-instant transactions for users. This is not only beneficial for online casinos, which rely on fast payments, but also for mobile games and other types of games. 

Instant deposits enable players to play without a delay, waiting for payment to clear, while instant withdrawals are seen as being one of the most beneficial features of some games.

Greater Privacy

Hackers target gaming sites, and especially those that handle player deposits and withdrawals, to steal information and personal data. Even major gaming companies like Sony have been subject to targeted thefts of player data.

Cryptocurrency is more secure and it offers greater privacy than bank cards or bank payments. Users do not have to submit bank details to the site, and there is no need to even submit name and address, which means personal data is secure.

Provably Fair Gaming

A blockchain network is a publicly accessible, immutable ledger. It contains and retains all records written to the blockchain forever, and this information can be accessed by anybody with appropriate tools – tools which are freely and readily available.

Therefore, blockchain records are transparent, and this means that blockchain gaming algorithms and results can not only be analysed and checked by independent third parties but also by players and prospective players. Blockchain gaming is provably fair.

Player Governance

Blockchain tokens are commonly used as a means of payment and investment, but they can also be used for other purposes. One such purpose is as governance tokens. In these cases, token holders are granted rights to vote or make decisions on votes and other factors.

Governance tokens are commonly used by sports teams to enable fans to vote on certain matters. They can also be used by games and game makers. Tokens can be given to game owners and players, and token holders given the right to vote on anything from level design to game release details, further empowering players.

Player Ownership

Players don’t just enjoy greater ownership of the game itself when they hold tokens; in-game assets like weapons, skins, or even accounts can be minted as tokens. In Decentraland, you can even own your own metaverse land. The player retains ownership of these assets, unlike in traditional gaming models where the gaming company owns everything but grants players the right to use those assets.

In time, it may be possible to swap assets from one game to another, and there are marketplaces where in-game NFTs can be bought and sold. This type of ownership is especially popular in games like Axie Infinity, where players create unique creatures.

Play-To-Earn Offers Earning Potential

Buying and selling in-game assets is one way players can make money from blockchain gaming. Another increasingly popular method of monetizing blockchain gaming is through participation in play-to-earn games.

In these games, players are rewarded with cryptocurrency or blockchain tokens when they reach certain milestones or achieve specific targets within games. And, these cryptocurrencies can be bought and sold, or they can be held in the hope they will increase in value.