It appears that companies such as Facebook are warming to the idea of cryptocurrency – the social media giants recently relaxed their ban on advertising terms surrounding the digital currency, fueling speculation that they are about to enter their market themselves. However, as can be seen at https://cryptogazette.com/, it is the online gaming industry which seems to benefit from bitcoin et al’s recent resurgence the most. From the use of cryptocurrency as a payment method to the development of actual blockchain-related games, we could be seeing the start of something big between the two industries.
eSports
On the surface, the connection between this and cryptocurrency seems rather tenuous but after delving a little deeper, the future of eSports investment could be tied to digital currency. The eSports team-building and skill-growing platform Dreamteam recently struck a deal with Mangrove Capital Partners which is rumored to be worth around $5m, according to https://esportsobserver.com/. In addition, Dreamteam are also working closely with some of the world’s most renowned players including Fnatic, who reached last year’s League of Legends final. The use of smart contracts in relation to tournament winnings and team contracts has opened the door for a fraud-proof and safe environment for players to do their gaming.
Source: Fnatic via Facebook
Online Gambling and Slots
Online gambling remains one of the fastest growing industries on the planet and games such as blackjack and roulette continue to do well. However, as per https://www.justslots.com/, online slots are beginning to rival more traditional offerings thanks to the vast array of bonuses and games on offer. Despite online gambling really taking off over the past decade, there are still those who question the fairness and safety of such platforms. Because of this, sites offering online slot games value customer safety and security above anything else. Blockchain has become one of the most reliable ways in which to guarantee safe and fair transactions and many online slots sites now offering cryptocurrency as a payment option when depositing money into your account.
Blockchain Gaming
Discussions surrounding blockchain can turn very technical very quickly and if you’re not up to speed with the latest tech then this can be a problem. However, in layman’s terms, in-game items can now be stored in game as non fungible tokens, which is essentially a crypto collectable item. Games such as ChainMonsters and The Six Dragons are some of the first to incorporate blockchain – the latter allows players to stores item such as swords using this technology and in a nutshell, this allows the player to “own” the item and even sell it on in the future if they so wish.
A Match Made in Heaven?
It’s difficult to see the relationship between cryptocurrency and gaming slowing down anytime soon. For many people, using the technology as a payment option provides peace of mind and with the large majority of gaming now done online, this provides the perfect backdrop for instant, secure transactions to be made with minimal fuss.
