04/08/2022
Cryptogaming: The Future of Gaming
Intro
The line between crypto and video gaming is increasingly less defined, making way for a global push towards “play-to-earn” (P2E) gaming. Within the context of the decentralisation movement, web3 could spur the transformation of gaming experiences with real-world economies and player incentives. This shift could cause a drastic change in the traditional business models of the gaming industry.
We’ll take a closer look at crypto gaming in today’s post. I’ve tried really hard, but it turns out that my vending machine analogy isn’t the best way to go in this context, so I guess my Pringles will have to wait until next week.
The Future of Gaming
Over the past few years, cryptocurrency has gained a lot of attention. The use of advanced blockchain technology is set to revolutionise the entire industry. Asides from the fact that the market is drawing the attention of young and new investors, developers have also begun creating games using blockchain technology.
Crypto vs Traditional Gaming
Centralisation is the main characteristic of traditional games. This means that valuable in-game assets like skins, characters, weapons, and coding used for one game cannot be used for another game. Contrary to crypto gaming, where every participant owns their assets, resources and characters can be used with another game. In-game rewards and purchases made by users are also transferrable to other games. In addition to the utility features that blockchain technology provides, web3 also boasts a value for gaming purposes as a means of payment.
In traditional centralised gaming, assets only have value as long as you’re playing the game (so, while they are YOURS, they only belong to you in the game). Even if you stop playing a crypto game, the assets from the game still have value in that your assets can still be traded/sold for crypto (as in, they’re yours with or without the game.)
With blockchain technology, crypto games give you complete ownership over your in-game assets. Your in-game assets are non-fungible tokens (NFT) minted and stored in your crypto wallet. Each NFT is verifiable on the blockchain, proving your ownership of that digital asset. By having actual custody of your assets — versus them belonging to the game — you have the power to collect and trade NFTs in the marketplace.
Crypto vs Blockchain Gaming
A blockchain can be used to create an entire game or only for the in-game currency. In the first case, a block is made in the blockchain for every interaction within the game. While in the second case, digital assets can be accessed using non-fungible tokens. Blockchain games are built from the jump as blocks on the blockchain. The whole system is decentralised. Blockchain games focus on how the game was made (highlighting technology) and not the financial assets. The values of decentralisation, actual ownership, and resistance to censorship will be promoted and are the only option. Crypto games keep the traditional gaming model with an added crypto layer — they use NFT assets to add value. Crypto games reward players with cryptocurrency or NFTs. Crypto games can still be centralised.
Top crypto games 2022
If you want to try your hand in the blockchain gaming sector, check out our list of the best P2E games for 2022:
Lucky Block — Overall Best Play to Earn Crypto Game for 2022
Silks — Exciting P2E Game with Innovative Gameplay
The Sandbox — One of the Best Play to Earn NFTs Game For Creative People
Splinterlands — Battle Against Monsters for Prizes and Crypto Tokens
PriateXPirate — Exciting New Strategy-Based Play to Earn Game
Spells of Genesis — Puzzle Game Compatible With Multiple Blockchains
Star Atlas — All-Immersive Space Exploration Metaverse
Decentraland — Buy and Sell Real-Estate as NFTs in the Metaverse
Axie Infinity — P2E Game Comparable to Pokemon
Alien Worlds — Free Play to Earn Game Set in a SciFi Metaverse
And, of course, Starlined will soon be joining the ranks!