In the ever-evolving world of video games, a recent groundbreaking addition has been the integration of cryptocurrencies. With the increase of investors that purchase Bitcoin and other cryptocurrency, it has revolutionized the way players interact with video games and in-game transactions. In this article, we will take a closer look at the role of cryptocurrencies in video gaming, beginning with the main applications of cryptocurrencies.
Purchasing Video Games with Cryptocurrency
Big players in the gaming world, like Microsoft, PlayAsia, and GamesPlanet, have jumped on the crypto bandwagon. With just a few clicks, you can secure your favorite game subscriptions using Bitcoin.
It’s a bit of a different story regarding Steam, Xbox, and Sony PlayStation Store, which stick to traditional payment methods like bank cards and PayPal. They don’t let you pay directly with crypto for their services, but you can buy a gift card using crypto, which can then be used on the aforementioned sites.
Further, there are some video games that you can purchase directly from their official website. Among those are Roblox, Imperia Online, and many others. When it comes to watching esports matches and gamers’ streams, Twitch is one of the streaming platforms that accept cryptocurrency. You can even use crypto to pay for game development services at sites like Fan Studio.
Earning NFTs in the Gaming Universe
Crypto gaming is causing quite a stir in the world of video games, and it’s more than just a hobby—it’s a potential money-making venture. Certain games operate on a crypto gaming model, featuring their unique digital assets, NFTs, or non-fungible tokens. Gamers can earn these NFTs in various ways, such as conquering challenging game levels, defeating formidable opponents, or simply by regularly immersing themselves in the virtual gaming universe.
Once you’ve accumulated a substantial collection of NFTs, you have a choice – you can either exchange them for exciting in-game items or sell them on crypto exchanges to potentially turn them into real-world cash. The amount of money you can earn depends largely on the game’s popularity. Generally, the more popular and sought-after the game, the more valuable its NFTs tend to become.
Buying and Selling In-Game Items Using Bitcoin
When acquiring or parting ways with your favorite in-game items, cryptocurrencies like Bitcoin have opened up some exciting new opportunities. Online crypto marketplaces like Paxful offer a straightforward way to buy or sell in-game items using Bitcoin or other digital currencies. So, what can you get with this digital currency?
- Unique weapon skins for CS2
- Weapon, Armor, and Gems for Dota 2
- Diamonds for Mobile Legends: Bang Bang
- Points for Valorant
- Skins, Parachutes, and Crates for PUBG
But it doesn’t stop at buying – you can also sell your valuable in-game items for Bitcoin. If you’ve invested time and effort into building a powerful character or collecting rare items, other players might be willing to trade Bitcoin to acquire them.
For example, the Guinness Book of Records for the most valuable virtual object is a virtual planet named Planet Calypso from the 2003 game Entropia Universe. Believe it or not, this virtual planet exchanged hands for a jaw-dropping $6,000,000.
In-Game Crypto Gambling
Creating an in-game item you could sell for a fortune takes time and effort. This is why the road to riches passes through in-game casinos for many gamers. While there are hundreds of bitcoin casinos where you can gamble for a chance to win big money, something similar is possible in video games as well. You can use cryptos to gamble in virtual casinos that are a part of the game’s metaverse.
It works by buying the in-game currency with cryptos, which is then used for gambling. And if you win, you may be able to swap the game’s currency for cryptos with other players. Some popular video games in which it’s possible to play casino games include:
GTA Online
You can play poker, roulette, slot machines, and other gambling games using the in-game currency.
Red Dead Redemption
You can take the main character, Arthur Morgan, to saloons where it’s possible to play blackjack, dominoes, and other gambling games.
Fallout: New Vegas
There are still casinos in the post-apocalyptic realm of Fallout: New Vegas. As the main character, Courier, you have the opportunity to explore these casinos, with the Atomic Wrangler Casino being just one of your options.
Final Thoughts
In a world where video games constantly evolve, the infusion of cryptocurrencies represents a groundbreaking change. Cryptocurrencies like Bitcoin have redefined how gamers interact with their favorite titles and in-game transactions. The ability to buy and sell in-game items using Bitcoin has opened up exciting new avenues for video game players.