We know that Bitcoin, Ethereum and other leading cryptocurrencies have started to change parts of the world around us. Throw blockchain technology into the mix and the list of innovations grows. Banking is the obvious example, but everything from copyrighting content, cybersecurity to data storage have been touched by the industry. However, of all the sectors that are currently reaping the benefits of crypto’s continued evolution, gaming is perhaps the most interesting.
For those entrenched in gaming, Bitcoin and blockchains are starting to change the game. Today, players can use digital coins to do everything from buying add-ons to betting on roulette. In fact, it’s the online casino sector that’s leading the crypto charge within the industry. According to NetEnt Casino, casinos that accept Bitcoin now offer a wealth of games, bonuses and more. Interestingly, due to the growing popularity of Bitcoin gaming sites, NetEnt Casino has revamped its platform in order to give them more exposure.
Inside its crypto gaming hub, prospective players can get the lowdown on each operator’s welcome bonus, how to deposit BTC and even get some insight into why Bitcoin et al are ideal for betting and iGaming. For gamers, resources such as this are clearly important as they provide an easy overview of an emerging force within the industry. However, from an outside perspective, the growth of crypto gaming has the potential to be more significant.
Money, Knowledge and Awareness Can Help Cryptos
If we look at the stats, online casino gaming is now worth more than $45 billion per year. Alongside that, traditional gaming (i.e., video games) is now worth in excess of $150 billion. With almost $200 billion in annual revenue, gaming as an industry is hugely valuable and, obviously, hugely popular. This could and should benefit cryptocurrencies in two main ways. Firstly, if gaming companies are willing to invest in crypto technology, it will lead to a massive influx of extra money.
Although crypto companies aren’t necessarily short of cash, the cost of digital tokens mainstream commodities isn’t cheap. Moreover, game developers may bring new perspectives into the mix. While they may not be experts in blockchains and cryptography, they do know how to make entertaining products that are easily accessible to the general public. Indeed, even though blockchains and digital tokens are technologically impressive, that means nothing if the end products aren’t consumer friendly. Therefore, if gaming companies can partner with leading cryptos, a melting pot of ideas could provide mutually beneficial results.
The second reason gaming could be crucial to the success of cryptos is awareness. With an estimated 2.5 billion players around the world, any game that introduces crypto technology will boost the latter’s profile. As more games use digital tokens or blockchains, the technology’s reputation will grow. For Bitcoin et al to be accepted by the average consumer, awareness is crucial. Thanks to its global appeal and influence, gaming could make this a reality. Naturally, other pieces of the puzzle need to fall into place over the coming years before cryptocurrencies are truly mainstream. However, there’s no doubt that more links between gaming and cryptos could have a positive impact on all involved.
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