Can Blockchain Gaming Drive Cryptocurrency Adoption?

[webtricks]

However, I really believe blockchain still has very big role to play in gambling industry. We are going to see new blockchain based superior gambling dApps in coming years which will disrupt crypto gambling completely by removing trust factor.

It won't really disrupt centralized gambling until full scalability is achieved. You can place hundreds of bets per second (and some people use it with official bots), without paying any fees in centralized gambling. And thanks to the provably fair system, exit scam is the only risk, which is pretty rare in crypto gambling.

Currently yes but I doubt the potential of blockchain will be limited to PoW. I am very positive that soon a newer algorithm will come into picture which could be used to secure blockchain as well as solve problem of scalability.

We already have algorithms like DPOS which are being used by networks like EOS and claim to process millions of transactions per second with no fees. Although, DPOS showed some signs of centralized system, it has open doors for others to come up with a similar system but comparatively more decentralised.

[Rengga Jati]

The game world today is very easy to develop and it is possible for many companies to adopt and develop games using Blockchain.
Whether it matches what you say or not, I found a game as well as a crypto project that is already running and listing on top exchanges. Have you ever heard of JobTribes from DEAP Playmining?
It has adopted crypto and the coins are tradable and can be used for transactions in the game.

And furthermore, there will be many games that apply it. Especially in the world of gaming, technological developments are very easily absorbed and adopted. And its distribution is very easy. As we know, almost everybody loves gaming.

[whyrqa]

The game world today is very easy to develop and it is possible for many companies to adopt and develop games using Blockchain.
Whether it matches what you say or not, I found a game as well as a crypto project that is already running and listing on top exchanges. Have you ever heard of JobTribes from DEAP Playmining?
It has adopted crypto and the coins are tradable and can be used for transactions in the game.

And furthermore, there will be many games that apply it. Especially in the world of gaming, technological developments are very easily absorbed and adopted. And its distribution is very easy. As we know, almost everybody loves gaming.

The global gaming industry has a fairly large society, but today it does not actively use cryptocurrencies. If the gaming industry switches to cryptocurrencies, completely abandoning fiat funds, then in my opinion, every user will only welcome this process. At least the main advantage that users will get is anonymity and efficiency.

[tbterryboy]

I am not sure about gaming but the gambling sector in crypto is one thing that has been a big pillar for the use of cryptocurrencies and even I got to know about bitcoins by gambling itself and I agree if somehow developers can make games based on the blockchain technology and aided by bitcoins like the in-game items can be purchased by bitcoins then we might see a real surge.

Apart from games I think if there was a possible way to buying in-game items for all games like League of Legends, dota2, pubg and all other games then a lot of people would have known and used bitcoins because of that. There are some streamers who ask people to donate them via bitcoins and it feels good but then we need some gaming developers to come together.

[TheUltraElite]

Talking about the gaming giants like EA, Ubisoft, I would not say things are as silvery as we think it to be. These companies run on the demand for new games and new hardware that pops up from Video card makers and also powerful CPUs, in short is a saturated market similar to the smartphone market.

Now going in with crypto as a new entrant, someone would never be able to compete with them unless they create their own market. But this was not new and was tried by many projects who eventually had to sidetrack and move away from the mainstream competition. I once took part in a bounty for the Appcoins (APPC) project. They are still running but they are for developing apps/games and their payment systems only. I dont expect them to go boom at all.

There were also some scams like any other niche, back in 2017. However I think it is a long way to go before we see real game development and a competition with these companies.

Being the Devil's Advocate, based on experience what they will do to counter is that they will start accepting crypto themselves if they see crypto-projects becoming popular and again draw the market out towards them.

[SirLancelot]

I'm a hardcore gamer since I was a kid. Been playing video games during my spare time until today. I'm so enlightened about the potentials of blockchain gaming (especially those who are already making a living in playing them).

There was a lot of projects under process too which are based on the blockchain technology and while I am not sure about the authenticity of this article and being a non-tech guy I have not much knowledge but you might want to check out this article - https://www.blockchaingamer.biz/features/3283/most-anticipated-blockchain-games/

I have been playing games like PubG mobile and others and here is how I refill my game with BTC

- I buy razer gold card from Bitrefill
- I visit Midasbuy which provide in game items and UC (pubg mobile game currency) and there I order my items
- I pay via razer gold cards which I purchased by bitcoins from bitrefill.

[finaleshot2016]

This content is really good and you should put it on medium or other blog platforms where gamers can see this because it's a great idea and concept that they might learn in the future. Gaming is really has a future with cryptocurrency and they really have good synergy like gambling.

We just need more time on developing the technology and maybe game engines in the future are now being integrated into the blockchain or maybe microtransactions. I know blockchain has great potential and all of us are hoping for it to become a modern technology that will improve society.

[tyKiwanuka]

Super interesting topic, which interests me a lot, since I am involved a bit in a blockchain gaming project.

I don't think gaming can drive crypto adoption, but it is a realm where blockchain technology makes a lot of sense and thus it will play a good role in cryptoversum in the future. I saw some people comparing gaming with gambling and pointing out how gambling drives crypto adoption a bit - but I am not sold on this. Crypto gambling is still kind of a nerdy niche, although you get a different impression by looking around in the gambling section here in this forum and given how rich all these crypto casinos have gotten in a short period of time. But crypto has no real use case in terms of gambling imo, other than the fact that it's maybe pretty convenient to play more or less anonymous and have fast deposits/withdrawals. But most people lose with gambling (100% who play casino games, 95% who do sportsbetting or play Poker), so I don't really see the benefit.

Now for gaming this is different, because here you have this huge advantage of really owning your assets with blockchain technology implemented (if you take good care of your private keys ) and this is a big step forward in comparison to what we have now, where you are always a slave of the game developers playing nice, not shutting the game down or giving rare items to themselves or friends and thereby diluting your assets. It's still not perfect and there has just been an exit scam as well, but it's a step in the right direction to bring gaming and blockchain together. It's still a long way to go, but there are projects, who bring games completely decentralized on the blockchain and this will get huge then. Slowly but surely.

[verita1]

I love your article even though it is long and I think there is great potential in the blockchain gaming industry and the desired crypto adoption.
If any of you are curious to read the reviews of some games in the Android store, especially those that offer to earn money by playing these apps, you may realize that there is a great niche there. Users have realized why playing and earning simple points and not winning real money. So blockchain-based game developers are taking advantage of this demand.

[deisik]

I don't think gaming can drive crypto adoption, but it is a realm where blockchain technology makes a lot of sense and thus it will play a good role in cryptoversum in the future. I saw some people comparing gaming with gambling and pointing out how gambling drives crypto adoption a bit - but I am not sold on this

Well, things may have changed since then, but:

In April 2012, Erik Voorhees, an American entrepreneur and early Bitcoin adopter, founded Satoshi Dice, arguably the oldest online cryptocasino on the block, which is still pretty much alive today, although Voorhees sold it in a year. What makes it truly intriguing is the fact that during its early years the casino was generating half of all the transactions on the Bitcoin network. In short, online gambling was critically important in Bitcoin’s infancy years as it helped promote cryptocurrency awareness that led to future growth and expansion into other areas

[tyKiwanuka]

Well, things may have changed since then, but:(...)

Yes, can't argue that it helped in the early-ish days (though one could argue, if more transactions means more adoption per se). But nowadays gambling isn't helping a lot with adoption I think. Yes, lots of people are gambling with crypto nowadays, but this scene is kind of a closed circle, i.e. someone who was gambling with fiat in the past is now maybe gambling more with crypto. But outside of this circle it doesn't help with adoption, because people always lose all their crypto while gambling, so it's one way traffic to the operators, who get this "money". The operators probably sell parts of those profits for fiat and who buys it again ? The gamblers

You just don't get new people into crypto because it's now possible to gamble with it. If someone starts gambling now, he does it because of very personal reasons and not because he thinks: "Oh cool, I can gamble with crypto now, which is a great benefit for me." And tbh - at least for betting - the crypto casinos don't offer anything special; most of the time they are worse all in all than the big traditional fiat bookies. With gaming things are or will be different.

[Lorence.xD]

I do not think we should put blockchain coding into games, it will not drive crypto adoption because most gamers at the very least have a knowledge about cryptocurrency. Gambling works perfectly fine, it will be of great benefit if we use it to create esports betting sites that supports cryptocurrency. Most tournament esports only have cosmetics as a way to bet in the game.

[ampu]

I think yes, there were games where the winners were rewarded with bitcoin in 2011-2012. There are a lot of newer games out now, and people get cryptocurrencies otherwise, games that use NFTs.
Cryptocurrencies will make electronic money transactions between gamers easier than card or banking services. Because of the convenience of cryptocurrencies, it will reach players more easily

[Twinkledoe]

I think yes, there were games where the winners were rewarded with bitcoin in 2011-2012. There are a lot of newer games out now, and people get cryptocurrencies otherwise, games that use NFTs.
Cryptocurrencies will make electronic money transactions between gamers easier than card or banking services. Because of the convenience of cryptocurrencies, it will reach players more easily

And the fact that gamers are used to gaming currency, so it is not hard for them to adopt the usage of cryptocurrency. And since crypto can be exchanged to fiat money, this will be another good feature that I think will be an attraction to these gamers. They can actually earn real money aside from enjoying their games. So absolutely yes, blockchain gaming can steer people or gamers to crypto adoption.

[ampu]

I think yes, there were games where the winners were rewarded with bitcoin in 2011-2012. There are a lot of newer games out now, and people get cryptocurrencies otherwise, games that use NFTs.
Cryptocurrencies will make electronic money transactions between gamers easier than card or banking services. Because of the convenience of cryptocurrencies, it will reach players more easily

And the fact that gamers are used to gaming currency, so it is not hard for them to adopt the usage of cryptocurrency. And since crypto can be exchanged to fiat money, this will be another good feature that I think will be an attraction to these gamers. They can actually earn real money aside from enjoying their games. So absolutely yes, blockchain gaming can steer people or gamers to crypto adoption.

Also, to live streaming on existing platforms, they can earn extra income without incurring any crypto taxes.
Gamers can get unique items from the NFTs.
And they can bring high value to gamers.
The blockchain game is real potential, and the future can compete with traditional gaming platforms from companies we already know.

[MiningBattalion]

I think yes, there were games where the winners were rewarded with bitcoin in 2011-2012. There are a lot of newer games out now, and people get cryptocurrencies otherwise, games that use NFTs.
Cryptocurrencies will make electronic money transactions between gamers easier than card or banking services. Because of the convenience of cryptocurrencies, it will reach players more easily

And the fact that gamers are used to gaming currency, so it is not hard for them to adopt the usage of cryptocurrency. And since crypto can be exchanged to fiat money, this will be another good feature that I think will be an attraction to these gamers. They can actually earn real money aside from enjoying their games. So absolutely yes, blockchain gaming can steer people or gamers to crypto adoption.

Bitcoin will be like a advantage earning from the website.Because,if the get payment or price in dollars.It's easy to sell instant,but not more then a dollar he had recieved. In bitcoin,it will be different case.They can hold their bitcoin and sell at good time and earn more and more from it.Many gambling and gaming sites had included of bitcoin will be a welcome news.

[RealMalatesta]

I do not agree with you, I wasn't a person who gambled with fiat, yet when I got into crypto, I saw all the gambling places that I could take advantage of with my crypto, plus since there is not really that many things to do in crypto world I realized that casinos are one of the rare places I could spend my money, the other option was sell my coins, so I decided to give it a try and that is how I got hooked on it.

Now I do not gamble as much as I used to, right now I gamble only a bit but at the end of the day I did gambled a ton with crypto without ever gambling with fiat. Obviously, I did tested to gamble with fiat, sportsbooks are great and I tested it but when it was fiat the method was too complicated, even though simple it took long time so I did it 2 times or maybe 3 times and stopped.

[Lycan70]

Might be the next to rise after the hype of Defi. But I hope that Kittiefight, a gamified mortal kombat for cryptokitties will perform well on the matket after the launch. I love gaming but more on clash of clans (COC) type of games.

[barbara44]

I do not think we should put blockchain coding into games, it will not drive crypto adoption because most gamers at the very least have a knowledge about cryptocurrency. Gambling works perfectly fine, it will be of great benefit if we use it to create esports betting sites that supports cryptocurrency. Most tournament esports only have cosmetics as a way to bet in the game.

You are wrong because to use an application one does not have to learn the language or the technology being used behind it. For example I am using whatsapp on my mobile but I know nothing about how it works and what code is used behind it. You do not have to relate cryptocurrency with blockchain gaming either because the basic aim of blockchain technology is to provide a fair and verifiable environment.

I believe if some games can be developed such that we can play them and the in-app purchases are being made compulsory to go through cryptocurrencies then we can surely see a huge growth in crypto prices and overall adoption too.

I like the idea but I wonder if we have developers who are able to do it and if able then are they really interested in doing it.

[trevelyan22]

Hey Barbara,

> You are wrong because to use an application one does not have to learn the language or the technology being used behind it.

Your comment is dead-on -- and the platforms are coming (Saito ftw -- https://saito.io/arcade). Exactly what you are talking about.

One issue is that most of the attention in "blockchain gaming" is on NFT tokens and ponzi games like "King of EOS". Those are basically all scams which pass themselves off as "fun" because it's a marketing angle. Maybe there is a small chance you won't lose your money, let's see! They target specific crypto communities as a marketing technique.

Know for a fact that almost all of the games that are getting real usage don't have NFTs or require in-app payments. Best guess is that 90 percent of the gameplay on Saito is from games that use the wallet keys to encrypt and sign messages and integrate that stuff into underlying gameplay (mental poker -- shuffling a deck or rolling a dice using encryption so things are provably fair). Payments can plug into the games, but the real advantage is replacing companies like Steam and the Apple Store that control the distribution of software and allowing people to run/own their own games instead of getting monetized by middlemen.