Cryptocurrencies and online games have long been linked together. They are the modern faces of finance and entertainment.The younger generations are rapidly losing faith in the economic system and mainstream sports. All with good reason.

Online gaming as an alternative to mainstream sports

Completely obvious corruption and ridiculously heavy advertisements, make mainstream sports far more unappealing to the younger generations. On the other hand many people have now grown up together with video/online games and are making a living working in the industry. Both cryptocurrencies and online/video games are offering people employment, freedom and an exciting new venture.

There are currently a few games such as Miner Simulator, Spells of Genesis and Alien run, which are on Google Play, but can work perfectly fine without a blockchain or crypto elements. This tells us that the developers are ready to add such content into games and this will not affect the original purpose, which is fun and entertainment. Over the years there were a few attempts to popularize games with crypto currencies. One such attempt was CryptoKitties. Basically it’s a game for cat-breeding and it uses the Ethereum blockchain to trade and prove ownership of the crypto-cats.

There was also Dragon’s Tale, an MMORPG (Massive Multiplayer Online Role-playing Game). The game gave you the option to stake, actual Bitcoins on the outcome of many different mini-games. Keep in mind the game was conceived back in 2010 and launched in 2013. The game used Bitcoin mainly as a virtual betting chip, but Bitcoin wasn’t nearly as popular or expensive back then. That design clearly showed online/video games and cryptocurrencies can be mixed.The game is still played today.

Online gaming is already setting the foundations

Another game which tried to implement groundbreaking innovations was Huntercoin. Huntercoin is also an MMORPG and it’s running on a fork of the Namecoin blockchain. The game had players mining it’s own cryptocurrency (HUC). This was done by finding the coins in the actual game world and afterwards bringing them to randomly generated “banks”. These banks would later transfer to the players’ real crypto-wallets. Unfortunately the co-creator Mihayl Syndeev passed away in February 2014 and the code was transferred to the upstream Bitcoin core code in 2016. The game still retains some popularity and shows potential and appeal of running a decentralized game world and mechanics.

Many of the most popular developers are currently implementing mass censorship and other means of direct control over games. This has some gamers outraged, others concerned, but the gaming world in general has been slow to open up to the fact that games can be run without a centralized server. Nowadays popular games, which offer crypto rewards are in very short supply. Most are currently listed as soon-to-be-launched. That being said, in the future pretty much every single platform will enable developers to add a crypto-reward system to their games. Tap Project and Nitro are platforms, which aim to tokenize the entire gaming industry. They aim to provide specific in-game rewards to players with the NOX cryptocurrency. There platforms will have ICO’s and it will be made into a massive event for the players as well.

There is no doubt that online games and cryptocurrencies are still very young. The possibilities before them are endless. Cryptocurrencies are reshaping the world of finance, but soon they can become an internal part of online gaming as well. You can read more about developing the connection between cryptocurrencies and Esports here.

Share This
Inline
Inline