🏠 » General » The rise of the crypto gaming industry

The rise of the crypto gaming industry

Every modern user of the internet has heard a thing or two about cryptocurrency. But besides being the vessel for an overnight millionaire fluff piece, there are technologies standing behind cryptocurrency that are already changing many industries, including the gaming one.

What is crypto gaming?

Crypto games are online games that are either built using blockchain technology or utilize cryptocurrency for transactions. 

In most cases, crypto games promote the creation and ownership of non-fungible tokens, NFTs. As opposed to centralized games in which the developers’ control all in-game assets and currencies, crypto games have their items decentralized, meaning they are wholly owned by the player.

This stands apart from a platform like Steam, where Valve’s terms of service explicitly state that all CSGO and Dota 2 skins are actually owned by the company.

Examining the growth of the crypto gaming sector

The crypto gaming industry is a growing part of the larger blockchain space. This emerging industry has attracted loads of attention since its inception.

In terms of its valuation, the crypto gaming industry was valued at approximately $3 billion in 2021. However, in Q1 2022 alone, investments in this sector exceeded over $2.5 billion. Backers are hoping for a rise in revenue, given the level of financial investment. Some forecasts state this industry should be worth over $39.7 billion by 2025, though these estimates are highly speculative.

NFTs have been a crucial factor in the growth of the blockchain gaming industry. By leveraging NFTs, game developers in the crypto space are looking to refine in-game economies. Theoretically, ownership and liquidation of in-game assets will become more straightforward thanks to NFTs.

Players could be allowed to freely sell and trade their NFTs for cryptocurrencies, and buy them off of other players. In some cases, these players may even earn a percentage from future sales of their previously owned NFT items. The hope is that combining this with free-to-play and play-to-earn business models will change the nature of blockchain-based games.

Some large video game publishers are hoping to capitalize on this. These efforts have largely been met with pushback from fans who are skeptical of NFTs after numerous high-profile scams and hacks. That isn’t slowing down developers, though.

Crypto gambling finds its place in the industry

Other types of crypto games have contributed to the growth of this industry. Crypto casinos, also known as Bitcoin casinos, stand out in this regard. Often regarded as an evolution of online casinos, crypto gambling platforms have enjoyed enormous growth over the past few years.

The quality of casino games on crypto platforms is comparable to standardonline casinos. Modern slot games that allow users to play using crypto are designed to offer good graphics and sophisticated game mechanics that put them on par with other platforms.

In addition to offering quality games, crypto casinos have other things to offer users. These include features like anonymity, lower fees and faster financial transactions. Many Bitcoin casinos provide instant withdrawal, which isn’t technically possible for standard online gambling platforms. They also allow cross-border gambling activities for fans of sports in other countries.

Streamers and crypto

Casino streaming is another sector of the casino industry that has experienced significant growth in recent years. Casino streamers use the popular streaming platform Twitch.tv to show their gaming activities and the most popular games type are slots.

Casino streamers can interact with viewers during live streams. To grow this emerging industry, crypto casinos and online casinos offer affiliate programs that allow streamers to earn money for advertising.

Rewards are typically paid using fiat currencies. However, some casino streamers are also accepting cryptocurrency payments. These streamers also accept donations from their viewers using crypto assets as well as Twitch’s endemic donation system.

Latest News
Trainwreckstv finds huge win in one of the strangest slots online
Top gambling and betting streamer Tyler “Trainwreckstv” Niknam ...
Aurora vs Parivision: Esports World Cup Dota 2 betting guide
Aurora Gaming is looking to finally win a ...
Gathering the best new slots released in July 2025
Online slots are getting crazy hot this summer, ...
Everonnn turns pocket change into big payout, here’s how
Kick streamer Everonnn began his betting session on ...
ParengCaspher hits huge 1,000x win during online slot run
Gladiator Legends is known for its high payout ...
Multistreaming boosts Asmongold as the most-watched streamer
Popular Twitch streamer Zack “Asmongold” Hoyt has recently ...
These are the biggest slots streamers to watch
Gambling streams, most especially slots streams, are becoming ...
Another big jackpot win for xQc highlights Kick stream
Félix "xQc" Lengyel is no stranger to massive ...
Trainwreckstv sets new personal best with massive jackpot payout
It's not just every day that you win ...
Asmongold shows Kick, Twitch revenue, which makes more money
Popular streamer Zack “Asmongold” Hoyt has started to ...
Editor's Picks
Who is Stevewilldoit? Net worth, girlfriend, and more
The news of Stephen "Stevewilldoit" Deleonardis, the master ...
All we know about Thea Booysen, MrBeast’s girlfriend
Jimmy "MrBeast" Donaldson is known purely for his ...
How to quickly make infinite water in Terraria
Whether you’re looking to spruce up your Hellevator ...
Best Pokemon Glazed cheat codes
Pokemon Glazed is one of the most popular ...
How to enable net graph in CS2 
Competitive players were disappointed when they discovered that ...

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town Hall
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site