Crypto Gaming and Cryptocurrencies 2023: How it works

Crypto Gaming and Cryptocurrencies 2023: How it works

Play To Earn Games | 08 May 2024 09:41 UTC

In the world of crypto gaming, there are both chances and risks.

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Crypto gaming is a fun way for people to use their skills and interests to make money. It is a mix of gaming and blockchain technology. When people play crypto games, there are different ways for them to earn cryptocurrencies and non-fungible tokens (NFTs). You can trade, sell, or use these digital items in different games and on different platforms. They are really valuable.

But if you want to get into crypto gaming, you need to know what's good and bad about this new industry. This article talks about the idea of crypto gaming, how it works, the best gaming tokens, earning potential, demographic insights, and how gaming coins can change the way cryptocurrency ecosystems work. Whether you're a gamer who wants to try something new or an investor who wants to learn more about this changing market, you need to know how crypto gaming works.

By taking part in crypto gaming, gamers can use their skills or love of gaming to make money in cryptocurrency. But players need to know the pros and cons of crypto gaming before they step into this world.

Why do people play crypto games? Even though using virtual currency in games is not a new idea, blockchain technology has given crypto game developers new ways to add real-world economic elements to their games. When crypto gamers win games, they can claim non-fungible tokens (NFTs) or cryptocurrencies as their own. Digital tokens used in games can usually be traded on centralized or decentralized cryptocurrency exchanges for stablecoins. Then, these digital assets can be sold or traded on online marketplaces or turned directly into real money.

How do you play games with crypto? There are many ways to make money with crypto gaming. Play-to-Earn (P2E) games offer different ways to earn tokens or buy them. When players finish quests, they get NFTs or cryptocurrencies as a reward. Because of this, they want to play for longer. Also, some platforms for crypto gaming let crypto investors bet on casino games and other games of chance with their cryptocurrency.

How to Make Money with Crypto gaming: Crypto gamers might think of in-game rewards as small payments for completing quests or meeting certain requirements. Weapons, armor, skins, and other game items can be worth a lot of money in the real world. If you sell these things on online marketplaces, you can make money.

Risks of Crypto Gaming: People who play crypto games and use crypto tokens face a number of risks. Some of these are that the value of gaming tokens depends on how popular the game is, that the value of in-game assets can change quickly, and that hackers and scammers may be able to take advantage of the fact that cryptocurrencies are still new and not well regulated.

The Future of Crypto gaming: Crypto gaming has gotten a lot of attention and interest, and millions of gamers all over the world play it. The play-to-earn model, in which players earn cryptocurrency by playing games, is becoming more popular. The second and third biggest markets for crypto games are Europe and the Middle East. The video game business wants gamers everywhere to pay attention.

Crypto gaming gives people new ways to make money and try out how decentralized ownership of virtual assets works. But you should think about some risks. As the gaming industry changes, it's more important than ever for investors and players to learn as much as they can about it. So, keep checking our website for more information, news and updates!

Crypto Gaming and Cryptocurrencies 2023: How it works
Crypto Gaming and Cryptocurrencies 2023: How it works

Thank you for reading this article. If you want to read more news about video games, check out our video game news section. If you want to play games, we have a long list of "play to earn" games.

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Edenbrawl - 4v4 Mobrawler MOBA Game - Review

Edenbrawl - 4v4 Mobrawler MOBA Game - Review

Edenbrawl is an innovative 4v4 competitive game that combines elements of sports and combat in a unique genre called 'Mobrawler'. It was formerly known as 'Circuits and Shields' and stands out by blending the dynamic combat of brawlers with the strategic complexities of MOBAs. The game offers engaging multiplayer experiences with its skill-driven combat mechanics, diverse champion playstyles, and player-focused controls. Unlike traditional MOBAs, Edenbrawl simplifies and enhances concepts like items, stats, and abilities to appeal to both newcomers and experienced players. Developed by 'Koza Games' on Unreal Engine 4, Edenbrawl boasts a wide array of champions, each with a rich backstory that adds depth to the game's universe. Characters like the Fabled, a former flower enthusiast turned Grim Reaper, and Machina, a flying broom master obsessed with cleanliness, contribute to the game's unique charm. The gameplay of Edenbrawl revolves around constructing teams of five heroes for balanced synergy, reminiscent of other MOBAs, but with a fast-paced twist. The game features dynamic top-down gameplay akin to MOBA giants like League of Legends and DOTA 2 but with a focus on skillful combat involving precise aiming, dodging, and strategic decision-making. Edenbrawl introduces an exciting scoring system where players aim to score points in the enemy's goal while using their champion's abilities and ultimate skills. A standout feature of Edenbrawl is its signature mode, Edenball, which combines elements from Capture the Flag, FIFA, and intense brawler combat. This mode emphasizes teamwork, secondary objectives, and strategic positioning to secure victory. The game will utilize a utility token called $IMX for governance and in-game utilities. Edenbrawl represents a departure from traditional MOBA formulas, combining sports and combat into a refreshing multiplayer experience that appeals to a wide range of players.

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Mines of Dalarnia - Game Review

Mines of Dalarnia - Game Review

Mines of Dalarnia is a 2D action-adventure game that uses DAR as its token. Players can harvest, use a variety of in-game rewards. All assets are NFTs. Players can harvest and use a variety of in-game rewards to improve their skills and gear as they advance through Dalarnia's universe in pursuit of unique relics and treasures.

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Revoland - NFT Game Review

Revoland - NFT Game Review

Revoland is an exciting new blockchain NFT game on the Binance Smart Chain. Players can earn rewards as they explore and progress through the game, discovering all that it has to offer. Revoland is a game that is similar to Brawl Stars and offers multiple game modes for players to enjoy. In order to start playing, players must obtain at least 3 NFT Heroes. With a variety of characters to choose from, players can build their own unique team and strategize their way to victory. Tokenomics Revoland: Revoland's game economics are based on two tokens: $LAND and $REVO. The $LAND token is used for in-game rewards and winnings, with a total supply of 100 billion. It can only be earned through bounty fights. The $REVO token is the game's governance token, with a total supply of 120 million. It is used by Revoland assets and NFTs in the game and is awarded based on usage, contribution, and activity. Revoland Assets: In Revoland, players need three NFT heroes to participate in the game, which are the main assets. The value of the NFT heroes depends on their rarity, which is divided into three levels: normal, rare, and epic. These heroes are upgradeable and can be modified through the use of skins, which are purely cosmetic and do not affect gameplay.

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Proof of Treasure - Game Review

Proof of Treasure - Game Review

Proof of Treasure is a popular geo-location game that has already gained a dedicated and growing user base. Players of the game use precision and strategy to locate and collect virtual treasures scattered throughout the world. Whether you are a seasoned veteran or a newcomer to Proof of Treasure, there is always something new to discover and enjoy in this exciting game. In Proof of Treasure, players compete against each other in real-time to find the location of a Google Maps "street view" image that is displayed in the game (known as the "proof"). The game uses a unique digital currency called Proof of Treasure Coin (POTT), which is built on the Chia (XCH) ecosystem. Players can earn POTT by successfully locating the proof and can use it to purchase in-game items or trade it on the market. With its competitive gameplay and use of blockchain technology, Proof of Treasure is a one-of-a-kind gaming experience that is sure to keep players coming back for more. In Proof of Treasure, players compete to locate the "proof," a Google Maps "street view" image displayed in the game. The first player to correctly submit the coordinates of the proof's location is declared the winner and is rewarded with the treasure, which takes the form of Proof of Treasure Coin (POTT). POTT is a digital currency built on the Chia (XCH) ecosystem, and it can be used to purchase in-game items or traded on the market. With its fast-paced gameplay and rewards in the form of POTT, Proof of Treasure is an exciting and unique gaming experience for players of all skill levels.

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Blood Vessels: The Ultimate WEB3 Vampire RPG - Game Review

Blood Vessels: The Ultimate WEB3 Vampire RPG - Game Review

Get ready to sink your teeth into a thrilling new gaming experience as Kongregate, the powerhouse game development studio, ventures into the WEB3 mobile gaming industry with its latest release, "Blood Vessels." In this review, we'll take you on a journey through the dark and mysterious streets of Chicago during the 1800s, where vampires reign supreme, and the game's unique features make it a standout in the gaming world. The Blood-Soaked Storyline: Imagine Chicago in the 1800s, right after the devastating fire that razed the city during the 1871 World's Fair. From the ashes emerged an alien virus that birthed vampires. But not your average, run-of-the-mill vampires – we're talking about Apex vampires with powers so great they pass as humans, and Hybrid vampires with DNA mutations that turn them into monstrous beings. The backdrop of the 1893 World's Fair adds an extra layer of intrigue to "Blood Vessels." Gameplay That Sucks You In: "Blood Vessels" is not your typical mobile game. It's a role-playing game (RPG) built on Web3 blockchain technology, giving players the freedom to choose their path. Do you want to hide from humans in seclusion, coexist with them in harmony, or unleash your inner predator and hunt humans? The game throws you into the dark streets, where you must uncover your identity, solve mysteries, and quench your bloodlust. NFTs: Making Vampires Immortal The real bite comes from the NFTs in "Blood Vessels." Each vampire NFT is a unique piece of hand-drawn art, boasting individual characteristics and traits. Whether it's Cell Duplication, Necromantic Transfusion, or Blood Modification, these rare mutations make each NFT a collector's dream. Just like the vampires in the game, these NFTs are set to be immortal, traded on marketplaces like TokenTrove, OpenSea, and GameStop, all thanks to the partnership with Immutable X. Electric Visions: Crafting Community-Driven Experiences Electric Visions, Kongregate's play-to-earn NFT game development division, is the creative force behind "Blood Vessels." The game promises a community-driven experience, bringing players together to explore the shadowy world of vampires. The narrative, the gameplay, and the NFT integration aim to create a gaming experience like no other. Sink Your Fangs into More Gameplay and Storyline "Blood Vessels" doesn't just stop at a captivating narrative and NFTs. It immerses players in the 19th century, offering them the chance to become vampires from one of two distinctive families. The Apex family, with its subtle powers, and the Hybrid family, with their monstrous transformations, add layers of complexity to the game's storyline. What sets "Blood Vessels" apart is the integration of NFT technology into the gameplay. Each vampire is a unique NFT, providing benefits like exclusive art, narrative scenarios, and community perks. It's not just about playing a game; it's about owning a piece of the virtual world. Roadmap and Future Development: A Peek into the Eternal Night Electric Visions has laid out a roadmap that showcases their commitment to the player base. From the implementation of Layer 2 scaling solutions to the creation of vampire art assets and the release of narrative gameplay scenarios, every step is a stride toward a more immersive experience. Sale 1 has already kicked off, and vampire holder rooms aim to build a sense of community within the game. The future holds promises of expanded gameplay scenarios, the integration of Kongregate.com as a platform utility, and further exploration of the game's world through Discord. With additional drops and content updates, "Blood Vessels" is set to evolve, offering players new challenges and experiences. Visual Feast: Graphics and Art that Haunt Your Dreams The visual presentation of "Blood Vessels" is a testament to the game's commitment to excellence. The detailed and atmospheric artwork captures the essence of the 19th-century Chicago setting and the mysterious allure of its vampire characters. From the gothic architecture to the intricate character designs, every visual element contributes to the immersive experience. Conclusion: An Immersive Dive into the Vampire Culture "Blood Vessels" is not just a game; it's an invitation to explore a forgotten era and become a part of the enigmatic vampire culture. With a rich narrative, stunning visuals, and a clear roadmap for future development, it has the potential to become a must-play experience for fans of vampires, horror, science fiction, and RPGs. As you roam the streets of Chicago during the 1893 World's Fair, be prepared to be drawn deeper into the captivating mysteries of "Blood Vessels." Frequently Asked Questions (FAQ) - Blood Vessels: Unveiling the Dark Secrets of Chicago's Vampire Underworld What is Blood Vessels, and how does it differ from traditional video games? Electric Visions created the community-driven gaming experience Blood Vessels. It is set in the 19th century during the 1893 World's Fair in Chicago and revolves around the hidden world of vampires. Unlike traditional video games, Blood Vessels leverages NFT technology, allowing players to own and control unique vampire characters within the game world. Can you explain the two vampire families mentioned in the game? Certainly. In Blood Vessels, players can choose to belong to one of two vampire families: the Apex family and the Hybrid family. The Apex family is known for its vampires who pass as humans, possessing subtle powers and keeping their true nature hidden. On the other hand, the Hybrid family's vampires display their monstrousness outwardly, with the virus in their blood causing physical transformations. How does the NFT technology enhance gameplay? Each vampire character in Blood Vessels is a unique NFT (Non-Fungible Token). NFT owners receive exclusive benefits, including special art, access to narrative scenarios, and community perks. This NFT integration adds rarity and uniqueness to the in-game characters, enhancing the overall gameplay experience. What is the roadmap for Blood Vessels, and what stages of development are planned? The roadmap for Blood Vessels outlines the game's key milestones and development phases. Some of the planned stages include the setup and implementation of Layer 2 scaling solutions, the creation of vampire art assets, the release of narrative gameplay scenarios, and exploration of the White City within the game. The roadmap extends into the future with features like the integration of Kongregate.com, additional narrative gameplay scenarios, Discord exploration, and more. When can players expect new content and updates? Blood Vessels has a commitment to ongoing development. Content updates and new features are expected in various phases following the initial launch. Players can anticipate regular additions to the game, including new gameplay scenarios, expanded exploration areas, and future drops to keep the experience fresh and engaging. Can you describe the visual style of Blood Vessels? Blood Vessels boasts a visually stunning and atmospheric design. The game's graphics capture the essence of the 19th-century Chicago setting and the enigmatic vampire characters. Expect gothic architecture, intricate character designs, and a dark and alluring aesthetic that immerses players in the mysterious world of Blood Vessels. Who is behind the development of Blood Vessels? Electric Visions is the studio responsible for developing Blood Vessels. It is comprised of gaming industry veterans with experience from notable studios such as Gameloft, KIXEYE, Kongregate, Machine Zone, Rockstar, and Tinyco. These professionals share a passion for vampires, horror, science fiction, and RPGs, which has driven them to create this unique gaming experience. How can I obtain NFT vampires in Blood Vessels? NFT vampires can be obtained through various means, including sales and events within the game. Keep an eye out for announcements regarding NFT drops and sales to acquire these unique in-game assets. What benefits do NFT owners receive? NFT owners enjoy several advantages, including exclusive art, access to narrative scenarios, growing utility within the game, and special community perks. These perks add value to NFT ownership and enhance the overall gaming experience for those who choose to invest in these unique tokens. We hope this game review provides a comprehensive understanding of Blood Vessels and its gameplay, development, and NFT integration. If you have any further questions or need additional information, don't hesitate to reach out to the Blood Vessels community or the Electric Visions team for support and guidance. Now, go forth and embrace the darkness!

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Galaxy Survivor - Game Review

Galaxy Survivor - Game Review

"Galaxy Survivor" is a cutting-edge 3D metaverse Play2Earn NFT GameFi, set in a futuristic sci-fi universe on the Avalanche blockchain. The game revolves around interstellar civilizations competing for supremacy in The Galactic Metaverse, using advanced technology and Galaxy (GLXY) token NFTs to build space crafts and engage in real-time strategy battles. Players can choose their allegiance among three warring galactic empires, each with unique attributes and technologies. In the game's lore, three powerful empires, Atropos, Lachesis, and Morta, once coexisted peacefully until an event called the Apocalypse devastated their civilizations, leading to intense rivalry. Atropos turned to lethal MUN weapons, Lachesis employed artistic warships armed with LASER technology, and Morta harnessed the enigmatic Quantum Force. Players must lead their chosen faction to victory in this fractured galaxy. The gameplay offers various modes, including Single-Player (Campaign and Bounty Hunter) and Multi-Player (World Boss). Each player begins with a unique Mothership tied to their chosen Empire and can engage in strategic combat and fleet construction. The game's three in-game modes offer a rich gaming experience. The tokenomics of Galaxy Survivor consist of a dual-token system: $GLXY and $SURV. $GLXY serves as the game's official currency and is used in the Marketplace, Limited Box Sale, Special Events, Staking, and Farming. On the other hand, $SURV is a utility token obtainable and usable within the game's ecosystem. Players can earn $SURV through various in-game activities, adding depth to the gameplay. Community response to the project has been highly positive, with participants praising the professionalism of the development team and the project's potential. "Galaxy Survivor" presents a captivating blend of NFT gaming, blockchain technology, and immersive sci-fi storytelling, offering players a unique and engaging gaming experience in the metaverse.

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Valhalla: Rise in Floki - Game Review

Valhalla: Rise in Floki - Game Review

Have you ever dreamed of stepping into a world where every battle you fight and every treasure you discover not only adds to your glory but also to your real-world wealth? Well, welcome to Valhalla, the play-to-earn NFT gaming metaverse that's about to change the way you think about gaming. Welcome to Floki Island: Your New Home: Picture this: You've just come of age in a vibrant Viking world, ready to carve out your legacy. Your journey begins on Floki Island, a bustling starting point for all players, complete with friendly NPCs and essential buildings to explore. But it's not just about the civilization; the island is teeming with wildlife and lush gardens, setting the stage for countless adventures. It's like stepping into your own Viking saga, but with a twist—every victory and discovery has real value. The Power of Genesis NFTs: Now, let's talk about the real game-changer: Genesis NFTs. Imagine holding a digital token that's not just a piece of art but a key to exclusive benefits within this expansive universe. We're talking about early access to games, special discounts, and even presales. These aren't just any NFTs; they come in rare varieties like Ruby and Diamond, each with its own set of perks and potential hidden traits that could give you an edge in this digital realm. A Personal Anecdote: Let me share a little story. A friend of mine, let's call her Saga, was an early adopter of Genesis NFTs. She snagged a Ruby NFT, and the doors it opened for her were incredible. Not only did she get early access to new areas, but she also received discounts that made her the envy of many players. It was like having a VIP pass to the coolest club in town. What to Expect in Valhalla Valhalla is more than just a game; it's a whole new economy. With the $FLOKI token fueling the metaverse, every battle you win and every item you craft can turn into real earnings. And with special traits like the "Long Ship" or the "Capitalistic Trait," your strategic choices can lead to significant advantages, both in-game and financially. The Thrill of PvP And for those who thrive on competition, the PvP arena is where legends are born. Imagine facing off against a friend in a battle where strategy and skill determine the victor. It's not just about bragging rights; it's about proving your worth in a world where every victory can be a step towards real rewards. How to Start Your Valhalla Adventure Ready to embark on this journey? Here's how to dive in: Set Up Your Gear: First things first, get yourself the Metamask browser extension. It's like your digital wallet for this journey. Join the Network: Add the Goerli Network to your wallet. It's your gateway to the Valhalla testnet. Claim Your Test Tokens: Head over to a faucet to get some test tokens. Consider this your starter pack. Enter the Realm: Make the switch to the Optimism Goerli Testnet in Metamask, and you're ready to hit "PLAY NOW." A Quick Tip A personal tip from my early days: start with a test wallet. It's like your practice sword before you wield the real thing. It gives you the freedom to experiment and learn the ropes without risking your treasures. The Future is Here Valhalla isn't just a game; it's the frontier of a new world where gaming meets real-world value. Whether you're battling fierce creatures or trading in the marketplace, every action you take enriches your virtual—and potentially your real—life. So, are you ready to join the ranks of Viking legends and carve out your destiny in the metaverse? Valhalla awaits, and the saga of your glory is yet to be written. Let the adventure begin! Valhalla: Floki's Play-to-Earn NFT Metaverse should be categorized within the following genres, blockchain, and categories: Genre: MMORPG (Massively Multiplayer Online Role-Playing Game): Valhalla offers a vast, open-world experience where players can explore, engage in battles, complete quests, and interact with other players in real-time, characteristic of MMORPGs. Strategy: Given the strategic elements involved in battles, resource management, and in-game economic decisions, Valhalla also fits within the strategy game genre. Blockchain: Ethereum: Valhalla utilizes NFTs and the $FLOKI token, which are often based on the Ethereum blockchain, known for its wide adoption in the NFT and decentralized application (dApp) spaces. The use of the Optimism Goerli Testnet for testing suggests integration with Ethereum's Layer 2 solutions for scalability and lower transaction costs. Category: Play-to-Earn (P2E): Valhalla is designed around the play-to-earn model, where players can earn real-world value in the form of $FLOKI tokens and NFTs through gameplay, making it part of the growing P2E category in the blockchain gaming space. NFT Gaming: With its use of Non-Fungible Tokens (NFTs) to represent in-game assets that players can own, trade, and sell, Valhalla falls under the NFT gaming category. Metaverse: Valhalla is more than just a game; it's a comprehensive digital universe with its own economy, ecosystems, and social spaces, fitting the definition of a metaverse game. Placing Valhalla in these genres, on the Ethereum blockchain, and within these categories ensures a clear understanding of its gameplay mechanics, economic model, and the technological framework it operates within, making it easier for potential players and investors to grasp its concept and offerings.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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