(Newswire.net — April 25, 2022) –If you thought these were the days of the past when earning a profit off of gaming was only possible through professional teams, huge brand-name sponsorships, streaming, or reviews of both games and gaming equipment, that is no longer the case. Crypto games arrived.
Ever since the blockchain technology was first introduced to the gaming industry, a new array of unexplored possibilities opened up, enabling even amateur and casual players to make a profit and return on their gaming investments, such as time, money, nerves, and skills.
For example, one of the most promising crypto games that lived up to and surpassed even the most optimistic audience and market expectations was SolChicks, setting the way for a new industry milestone. Even its demo release in 2021 encountered mass success.
Crypto gaming explained
The new trend in gaming, called crypto gaming, has already been on a good run, with more and more PTE (play to earn) games dropping regularly. Making money off of gaming has, with the blockchain technology combination, never been as easy as it is now.
Where differences come into play between crypto gaming and traditional gaming is in its very setup. While traditional ones are centralized and everything in the game belongs to the gaming company or developers, crypto games are a completely different thing, coming in as decentralized games where the digital in-game items you get are yours to keep and manage.
Depending on which game a player chooses to play, they often get benefits and rewards just by spending an x amount of time in the game’s ecosystem. In some, you can buy, level up, and sell characters at a higher price tag for their altered characteristics, rarity, or experience.
For example, get your character as polished as possible and put it up on a marketplace. If you decide to sell, you can exchange the cryptocurrency someone paid you for real-world money. Imagine if you could have done that with all of the games you have played by now and all of the in-game items you have collected throughout your gaming life.
How does crypto gaming work?
What made crypto gaming such a huge success almost overnight is the ownership rights. While a majority of games as we usually know them are based around the pay-to-play model, crypto games, on the other hand, are established on the play-to-earn business model.
Keep in mind that this model achieved a mountain of success at a time when most industries suffered immense losses, precisely due to the accessibility, the rights, and the payoff it gives.
To understand how crypto gaming works, we should start with some of the blockchain terms. Often understood as an information ledger, the blockchain technology allows for adding information on it.
This is a huge step in the gaming world. The information database that we just explained is available at all times to all computers that are connected to it, which is what we mean when we say that blockchain has a decentralized nature that is taking the industry by storm.
How to make money from crypto gaming?
Unlike traditional games that are centralized, this emerging and successful concept offers both more safety and freedom. Crypto gaming allows for every player involved to own some part of the game, or several, for themselves.
The more power, more assets, and more control to the players and not only to the developers or owners of the game. You are free to sell and trade any assets that you get while playing, by doing in-game trades or marketplace sales and purchases. Once you sell them you will get paid in crypto, and you will later exchange that same crypto for real-life currency.
The opportunities are both real and big, as well as something important to be taken advantage of with the merging of the gaming and finance world. Excited to give it a go? You should be.