Bitcoin Forum

Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.

Tokens as such are always been used in online gaming. Whether they be chips like in casino or coins, points, score, life, health, strength and other factors.
Now with blockchain we can make them independent of the original game and make them cross platform/cross product supported.
There are games that support direct deposit of popular cryptocoins while some require you to covert them first to specific token.

    I thought they're using this already and it's pretty sure that it gives positive impact to cryptocurrency, since this is also a place for marketing, so it helps a lot to all coins to grow up and pushing the market into green, if there is an ICO wants to develop this thought as project, I think it will be supported by everybody .

Already there are projects that develop games with their own cryptocurrency economy, one such, for example Forever Has Fallen. I think that the tokenization of the gaming industry will actively develop

I think it is a great idea, but it will be hard to realize it. Someone will have to come up with truly revolutionary platform. We have seen what is going on with Refereum. what I would like to see? Well, I played a lot of MMOs over the past years and it would be nice to see that you could buy cosmetics with crypto perhaps. There could be a marketplace embedded in the game as well as auction house where those who are putting their time into the game, would sell items to those who don't have time, but have money. It is easy as that and it just mihgt work. Diablo III tried that with their real money auction house, but failed. Crypto could solve those issues that the game had.

There are actually a ton of unheard of cryptos that are targeting video games. Some such as Nox are trying to help crowdfund for games to be developed. Others are aiming to become a cross-game currency, and some are trying to become actual digital items within games that can be transferred across games. Those are just some examples of what I know are out there.

Unfortunately, and in my opinion, these are not really great uses for cryptocurrencies, since using good ol' fiat is just so much easier for these uses. Every video game currency quotes that video games has a gigantic market and if they tap into even 1% of it that every coin holder will become rich, but in reality most of these coins are going to fail, because really how many currencies do you need for video games, and I assume most of these coins will be ignored by 'whales' and 'wallstreet money'.

They are neat ideas, and I hope to be proven wrong, but I just feel these are kind of just cryptocurrencies for the sake of being a crypto, instead of adding anything really useful to this area.

has been a long time since altcoin got into the gaming industry and it is not surprising that there is a new altcoin that will bring online games as exchange materials ,a positive effect that can boost demand

it is very interesting if crypto is used in the gaming industry and will make famous crypto around the world. the need for crypto will increase and price will increase very big

I doubt there are any worthy games accepting altcoins. There were talks about that in already in 2014, I remember Quark coin claiming to be listed as a payment method in “Shaq Fu: The Legend Reborn” for in-game purchases (Shaquille O'Neal is not a stranger for loads of people in the world). This did not impact the price of Quarks at all. Actually I do not see any point in implementing cryptocurrencies other than BTC or ETH, the user base is still very small.

 Top 3 Cryptocurrency Altcoins and Tokens for Gaming in 2018 ... for game developers to build Massively Multiplayer Online (MMO), turn-based, ... In simple English, while blockchains can be used to create games that need ...

Even before the cryptocurrencies became a trend most online gaming sites were already using a token, they have developed their own token but is intended for their site only where people can sell to co-player, purchase items especially weapons for their character. I remember way back few years ago I earned a lot of tokens from an online game site which able players to withdraw those token into Paypal dollars, the difference compared to crypto token is that crypto is DECENTRALIZED while those gaming tokens.

I highly believed it has a positive effect, huge change and people will adopt and love crypto in gaming sites, there are lots of ICO projects dealing with gaming sites just like Pokersports who just recently ended and already distributed their tokens rewards from bounty.

There are plenty of gaming-related coins on the market. For instance, Asura Coin (https://asuracoin.io) is made specifically for eSports. That will include eSports betting, match making and streams.

Yes it is, there is a coin that has used in gaming platform. Playkey, Nexium and many more. They are all can be used in the gaming platfrom. The crypto payment will give the easy payment gateway.
it will be a positive impact in my opinion. Nexium platform has already listed on the team and you cna try to see that.

There are already blockchain projects that targets the gaming industry already like The Abyss Platform, which I think has a very good proposal to earn the platforms token for gamers and game developers. The only problem here is that will it be supported by gamers them selves, as established mainstream platforms like Steam is very hard to beat as they have a wide variety of games that appeal many gamers.

I think you are pretty new here...

There are almost hundreds of online casino that supports multiple altcoin along with bitcoin and there is even decentralized gambling platform like vdice which completely run on ethereum based smart contract so ETH is main coin to be used there without any third party intervention.

I also prefer to use ETH for gambling for faster confirmation if casino where I am playing supports ETH.

I don't know if I got your questions, but as far as gaming is concern or online gaming gaming, alt coins are also accepted besides bitcoin so its been practice for many years as well and for sure that I don't see any negative effects on it. ETH or Litecoin or Doge even Monero or ADA is now universally accepted. We all know that bitcoin withdrawals takes hours to get into our wallet and that alt coins that I mentioned is very quick so it makes sense for most online gaming to accept it and gamblers to used them as well.

Well a lot of gambling sites or gaming sites are using altcoins as their form of capital, and yeah its more on online casinos since cryptocurrency is not fully accepted in some countries. It can affect the price yes but of course gambling has always positive and negative effect in our life its just depend on how you work for it.

Actually many in online game is using altcoin in different ways for example they use the token to purchase the weapon that needs of a player. If you research you can find that their so many online games now that connected to crypto.

 if I understand right I've heard about that particular Gambler using your bitcoin wallet and it would be more comfortable

If so many cryptocurrency use in gaming field then its not boosting the demand anymore because its not surprising again like what you say above. Something that will boost the demand only thing which not been exist and its like new field for cypto. So it can boost the demand.

As per I know there is already a gaming project that develops games with the help of their own cryptocurrency economy. I hope that in future more altcoins will be used of online game shopping.

Altcoin used in the gaming industry is a great prediction, as Facebook and others are now investing in the gaming sector are also introducing blockchain into it it is quite possible that the blockchain will be sued for financial means by using cryptocurrency

In some MMORPG, Steam game, trading are a feature that everyone likes. If we have common gaming cryptocurrency, the multiplayer game industry will reach the new height. I really expect that, imagine you can easily sell drop items from the game, that's great.

the application of altcoin in the game will certainly provide a good impact for both. for altcoin certainly will be heightened because with incredible gaming enthusiasts will make altcoin into something more and has a high interest in this. for supported games certainly will also be able to be helped because of the enthusiasm of the altcoin is also great that make the game will be more interesting.

Right now there are a lot of initial coin offerings in the market that are based on  the online gaming industry for the purchase of multiple gaming resources I think the best example in this online poker where real crypto is used for betting in online casinos

Please, that's bullshit there are bunch failed online that use the crypto as a payment system. If the crypto will not even put to the economic system and it's being so far to the crypto to be used in the online gaming section. The volatility of the crypto makes it impossible to be applied by the way.

Tokens are very often used in online games. In my experience, two projects were associated with this - and very good profitability brought. I am sure that the gaming industry and tokens will actively develop together for a long time

For a long time already there are sites which accept for payment crupto currency. I really like to play and I allocate some money for this which I do not mind losing.

I think it is good that many platforms are coming up which accepts altcoins. This is will create more users as there some countries where credit cards cannot be got be over the counter.

Alternative cryptocurrencies have good chances to be the part of payment system in gaming section, this symbiosis will be very useful and interesting.

Recently, Altcoin has a lot of opportunities. I know that it is used already in online casino. I think this industry will also develop rapidly with time.

I think that it will be only better if it is happend, there are a lot of pluses for the each of part of these ones and they will have a good benefit from this move.

There are already projects that develop games with their own cryptocurrency economy, I think that has a positive impact on cryptocurrency, because this is also a place for marketing, so this helps a lot for all coins to grow and push the market to green

Cryptocurrency and Blockchain is very reasonable to apply on game technology. Because it will increase fairness and automation in game platform and players will be easy to control and deal