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One of the main ways crypto has impacted mobile gaming is through monetization. Bitcoin, Ethereum, and Litecoin are popular coins used across mobile gaming platforms, from online casinos to NFTs and Blockchain games.
Here, we examine how cryptocurrency has brought mobile gaming to the masses, making it more accessible to a wider range of players on smartphones and tablet devices.
How Big is Crypto Gaming?
Blockchain gaming is on fire right now and reaching its new highs. It’s worth over $8.5 billion and is projected to reach $314 billion in a few years. Players are drawn to crypto gaming because it offers features that are not found in standard mobile games.
Typically, crypto games are player-centric, monetized, and offer earning opportunities to those who invest in them. They’re also more accessible, offer better security, and provide improved transparency as compared to the premium games that use traditional currencies.
Let’s take a look at the reasons why crypto has changed mobile gaming recently.
Breaking Down Barriers to Entry
Crypto is decentralized and available in hundreds of countries worldwide, making it more easily accessible to millions of players compared to fiat currencies like USD, EUR, AUD, CAD, and GBP. This is where crypto outshines, as it breaks down barriers to entry and allows players from different countries to play games in new locations.
Along with other new and advanced tech like VPNs, crypto enables broader and more varied mobile gaming ecosystems while keeping players safer and secure, as we will discuss in the next section.
Improved Security & Anonymity
Another significant reason why cryptocurrency has positively impacted mobile gaming is the level of security, anonymity, and transparency it offers compared to traditional banking methods based on fiat currencies.
The biggest plus point of transacting in crypto is that users don’t have to share sensitive personal or financial information during transactions, which helps reduce the risk of data breaches and identity theft. This is especially important in gaming, where privacy and speed are key.
Anyone with an internet connection and access to a wallet can buy, store, and use cryptocurrency, making it global and inclusive even for those who don’t have access to traditional banking services. Thanks to the underlying blockchain technology, all crypto transactions are not only secure and impossible to alter but also fully transparent and can be traced by anyone on the public ledger.
As a result, crypto has become a viable and secure way to complete in-app transactions, especially in premium mobile games that involve purchases with real money. For many users, it can also be more cost-effective than using conventional fiat payment methods like bank transfers, e-wallets, or debit card transactions, which often have hidden fees or exchange rate markups.
Safer & More Transparent Gaming
Blockchain underlies all crypto-based mobile games. So, all records on the Blockchain are immutable and can’t be changed. This makes it much harder for players and developers to cheat and promises to provide greater transparency in outcomes and trust within the gaming community.
Additionally, what makes gaming safe is the Blockchain, which is designed to protect players from in-game scams and fake items that sometimes appear. It is worth noting that some gaming ecosystems, such as online casinos, offer provably fair crypto games. Such innovations build more trust among gamers and explain how and when wins happen.
Game Variety & Accessibility
Many mobile games now accept cryptocurrency payments from players worldwide. Sandbox titles, MOBA games, and online gambling options like blackjack, roulette, and pokies are super popular among mobile players when it comes to crypto payments.
In fact, Bitcoin pokies are now one of the most played games at casino sites. These games are fun, easy to play, and offer players a decent winning potential. Other popular crypto mobile games like Axie Infinity: Origins and Thetan Arena have huge online communities, thanks to the play-to-earn opportunities, as we have discussed below.
Exciting Play-To-Earn Opportunities
Play-to-Earn (P2E) crypto games allow mobile players to earn real-world crypto via different gameplay mechanics. Some games reward players with non-fungible tokens (NFTs) while others allow players to earn coins. These tokens can then be traded and invested outside the game, offering real earning opportunities to the winning players.
Some of the most popular P2E games among mobile gamers are:
- Axie Infinity: Origins: Earn tokens like Smooth Love Potion and AXS, which can then be traded for real-world coins.
- Thetan Arena: Earn $THC and $THG tokens to trade or buy in-game items for better gameplay.
- Gods Unchained: A card-battling game where players earn cards, which are NFTs, and those can then be easily traded.
- Benji Bananas: Earn ApeCoin ($APE) to invest and trade in the crypto world.
Owning In-Game Items like NFTs
When it comes to NFTs, crypto gaming is the reason behind the surge in NFTs. As part of the P2E landscape, crypto mobile players can own in-game items and characters, which are NFTs that can be traded for crypto online.
This was not possible before crypto, and is one of the main differences between crypto mobile games and those that use fiat currency. While in-app purchases are available in non-crypto games, players don’t usually have the option to own items and characters that can be sold or invested for profit.
Concluding Thoughts
To conclude this all, Blockchain is a remarkable choice for mobile gaming. It has brought innovation and made monetization easier and safer for devs and players. Mobile crypto gaming has gained significant traction and is expected to continue gaining exposure worldwide.
