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Why Your Favorite Game’s In-Game Currency Could Be Worth More Than a Dollar
- Gaming today is more of a social activity, allowing more people than ever the opportunity to engage with video games.
- Virtual gaming worlds, especially when combined with blockchain, virtual reality, augmented reality, and artificial intelligence, are the future of gaming.
- The upcoming convergence of technology will create endless activity and transactions, attracting big ‘whales’ and investors.
- Most popular games currently use their own in-game currencies that can only be purchased using real currency.
- The imbalance of value exchange when buying digital goods with fiat currency that has wider utility can be resolved by cryptocurrency and blockchain technology.
- If tokens purchased in-game had exchange value, they could be traded for other tokens or currencies in a wider network across various platforms.
- Cryptocurrency and blockchain technology would give in-game tokens value against other cryptocurrencies and fiat currencies.
- A wider network of activity would be created across various platforms with money being produced and consumed, and money being exchanged.
- Decentralized gaming platforms like Decentraland, allow users to buy and sell NFTs and even purchase and rent land using $MANA, the platform's cryptocurrency.
- Platforms like Decentraland are a shining example of the potential for gaming and blockchain technologies to work together in the future.
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