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How Do Crypto Games Make Money?

The rise of cryptocurrency has altered our perceptions about money and captured our imagination. As crypto becomes more mainstream, game developers are starting to be aware by developing games based on blockchain technology for players can enjoy them with their virtual currency of choice, cryptocurrencies or fiat currencies like dollars (or any other national currency).

While crypto-mining was a common method, nowadays it’s possible to earn money playing games. All you need are some crypto tokens or coins, that can be bought by purchasing goods from an online market place like Binance. Binance is based in Malta. Other aspects of the game will be automated: When your character gets stronger you’ll be able to win tournaments against players with stronger players. It’s too tempting not to give it a try.

What is Blockchain?

Crypto games are focused on technology. In this post,, we’ll explore blockchain. One of the many technological platforms which is built on top cryptocurrency networks such as Bitcoin and the Ethereum-based crypto currencies (there are over 1,000! Smart Contracts can be executed automatically when all conditions are met, without the involvement of any third parties.

Blockchain is a database used to share information across computers, and it works as a system that records details. Because the data is resistant to hacking or alteration as they are, no one is able to add anything to them except all the other users on the network with their copies. Blockchain technology is also employed in crypto games. Imagine all the adorable crypto-collectibles are available online.

What exactly is Decentralized Gaming?

Gaming has always been a centralized industry with all games-related content confined only to the title. This means that the developers own all rights to their assets and cannot create another game in another context that is not within their game universe without permission from them first which is difficult, if not impossible due outdated intellectual property laws.

Crypto gaming is a revolutionary technology that turns the conventional model on its head. Anyone can now play tiny pieces of games and then share them across platforms, without losing storage or value. Imagine playing your favourite game from anywhere you want using just one account. No more loyal devices, but endless possibilities.

Cryptogaming is about controlling your assets. Contrary to the traditional model that assets are stored in a central database and cannot be transferred when you play games, cryptocurrency land saves everything locally in files. It is possible to trade your items with crypto if somebody asks what you have, such as weapons and skins.

Blockchain gaming is as distinct from console games as it can get. Blockchain gaming is transparent because no one is able to control the game’s outcome. Moreover, anyone is able to analyze the code used in many Blockchain video games. This transparency allows for players (and even players) to design their own versions and variations of games with different outcomes.

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