In 2017, Crypto-Kitties was one of the hottest topics, and these digital cats were bought, bred, and sold for thousands of dollars. In fact, their popularity grew so much that they largely crippled the Ethereum network at times. While this was the first massively popular crypto-based game to hit the market, it certainly wasn’t the last.
We’ve now seen Crypto Bots, EtherMons, and even a game that lets people buy and sell entire countries (virtually, of course). The Ethereum blockchain’s smart contracts and other features make it possible to incorporate many great gaming features right on the blockchain, which many developers are taking full advantage of.
Newly developed blockchains are also allowing smart contracts, and boast much faster speeds and better capacity as well. This indicates that even more and better games will be coming out that take advantage of this great technology.
Whether you like playing these games or not, one must ask whether this is a good thing for the crypto industry or not. To put it simply, it is a very good thing.
The gaming industry brings in more than $100 billion per year right now, and growing rapidly. Having even a piece of this enter the crypto-economy is obviously going to be good. Even more importantly, however, is the fact that ‘gamifying’ cryptocurrencies is going to allow far more people to use and trust crypto than ever before.
While most of these people won’t ever move past their use of them while playing games, some will dig deeper and discover the incredible investment opportunities that exist. This will be even better as more and more game companies discover the great potential of blockchain technology for their games.
