The rise of many blockchain-based games that provide high-quality experience is seen to be the catalyst that will enable the exposure of 2.5 billion gamers worldwide to cryptocurrency.
The blockchain gaming development is still fairly organic in nature in spite of the advancement of innovation by industry leaders. Binance CEO Changpeng Zhao has spoken about the developing blockchain and crypto industry in a press release.
“The potential of blockchain and cryptocurrencies reaches far beyond the financial sector. Given the readiness of the gaming industry in its continuous evolution, especially in new technologies.”
Blockchain-based games are secure, transparent, and provide fair gameplay, which has also brought the development of non-fungible tokens (NFT) to gaming. NFTs will allow players to own their in-game items and can also trade these items with other players.
One example is The Sandbox, a blockchain gaming platform where the creators can adapt the experience of gaming. The most recent 3D blockchain-empowered cycle has just been making news with its pre-sales of LAND packages and sale of its native SAND token on the Binance Launchpad.
There are numerous other games like the Age of Rust, Neon District, Infinite fleet, and many more games which will bring the power of blockchain into the gaming scene. Many industries are prepared to expand gaming coverage to incorporate energizing developments from a gamers’ perspective.
Now-defunct Mt. Gox was one of the biggest Bitcoin exchanges in the world before it succumbed to a massive hack. Nevertheless, it began as a card-trading platform and got its name from “Magic: The Gathering Online”. This shows how far blockchain technology has grown in the gaming industry.