Cryptocurrency and Online Gaming: Trends for 2024
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If you are a video gaming or casino gaming fanatic, imagine the freedom and excitement online gaming platforms using crypto would award you. Online gaming is a popular way for all round gamers to receive an amazing gaming experience. Cryptocurrency gaming is an extension of the online gaming experience, providing gamers with the opportunity to win and earn through the use of cryptocurrencies.
Players from all over the world are invited to participate in cryptocurrency online gaming to get the full experience of gaming while having full control of their funds and earnings. You can use your digital currency to place bets on casino games or enjoy the rush that comes with playing other blockchain games.
The digitalisation of the world prompts changes and advancements in almost all aspects of life, including online gaming platforms. Online gaming and gambling platforms have always accepted payment methods such as credit cards, PayPal, and Apple Pay. However, the world of cryptocurrencies has recently opened up further, thus allowing more gaming websites and platforms to adjust to this change. This has been especially notable during 2023 and is only set to continue rising in 2024 – already, there are hundreds of casino sites where both cryptocurrencies and fiat deposits and withdrawals are accepted, and the crypto gambling market is already worth around $250 million.
Crypto online games have been developed and advanced to accommodate cryptocurrency users and offer greater management of assets. Cryptocurrency games use blockchain technology to reward gamers with real life assets, compared to regular online games that do not provide this ‘monetised’ rewards.
The online gaming sphere is a huge sector with countless games for players to choose from. Cryptocurrency games are as extensive as regular online games, offering a wide range of rewards, including actual cryptocurrency or non-fungible tokens (NFTs).
The 2023 crypto online gaming trends were blooming with many gamers scoring winnings on several platforms. The trends to look out for in 2024 in the crypto gaming industry are:
- Enhanced Security – The security of crypto gaming will be improved to ensure authorised transactions by users and other parties involved. This feature will enable gamers to have better control of the transactions happening on platforms as all transactions are stored on blockchain technology.
- Improved User Experience (UX) – Online gaming should be more interactive, where users can play with other users. The improved UX feature will provide space for transparency and a more secure digital experience as well.
- Deposit Security – Since cryptocurrency has no official bank or financial institution, the security of deposits and withdrawals can be compromised if no appropriate security is employed. Improved security such as the use of decentralized finance can aid with better security and transparency.
- Popularity of Crash Games – Players who are more intrigued by gambling or casino games will get more of these as they are expected to gain more traction in the following year. Crash games allow players to place bets on a multiplier and enjoy a good chance of winning compared to many other casino games. In 2024, there could be even more new, innovative crypto casino games hitting the market.
Gamers who have been exploring the world of online games have scored themselves great deals while playing. Imagine how much more rewards and excitement crypto gaming can provide gamers. There are numerous crypto games that can give you the rush that comes with playing online games, while giving you crypto as a means to reward your time and efforts.
Millions of players have already been exploring some of the most popular blockchain games that 2023 has given us, which include:
- Decentraland
- Axie Infinity
- The Sandbox
- CryptoKitties
- Spinterlands
Could 2024 be the year of the next Axie Infinity? Only time will tell.
