from online gambling to play-to-earn

SPONSORED POST*

Cryptos are increasingly present in online games, from gambling and casino games to the famous play-to-earn blockchain games. Among the many, bitcoin and ethereum remain the two most widely used cryptocurrencies. 

Gaming and crypto: the case for online gambling accepting cryptocurrencies 

Openness to crypto as a payment method has become a prerogative of the newest (and not so newest) online casinos and gambling sites. In fact, there are more and more platforms that accept at least bitcoin and ethereum among the many cryptocurrencies.

Hellspin, Bitstarz, mBit and Bitdreams are at the top of the crypto online casino rankings for this 2023. Specifically, the possibility of using cryptos in online gambling is not always the same. 

Indeed, it is possible to find those gambling platforms that accept Bitcoin and Ethereum as deposit/withdrawal, just to play. 

Alternatively, cryptos are used as bonuses distributed by the platform to users, or as a payment method for VIP subscriptions paid to users.  

For example, in the case of Hellspin, the bitcoin casino to be launched by TechOption N.V. in 2020, it is possible to pay for VIP subscriptions using Visa, bank transfer, EzeeWallet, Bitcoin (BTC) and Ethereum (ETH). 

Opening the Bitstarz site, however, it is easy to see how focused the use of crypto is right from the deposit. In fact, the online game immediately invites the user to deposit BTC, ETH, LTC, BCH or DOGE in order to receive an additional bonus based on the amount deposited.

Games and crypto: the play-to-earn that earns you cryptocurrency

When it comes to Play-to-Earn games, cryptos are more than just a payment method, they are the essence of the game.

In fact, most of these games are developed on the blockchain, such as the most famous Axie Infinity and the two metaverse games Decentraland and The Sandbox. 

Even Space Misfits has made a name for itself in the industry as a play-to-earn crypto game powered by the Enjin blockchain. 

Typically, when it comes to blockchain-based crypto games, the famous NFTs step in and do their part to let the user earn money. Alternatively, crypto rewards can come from unlocking bonuses in bitcoin and other cryptocurrencies. 

Unlike online gambling games, play-to-earn games are more likely to use the native tokens of the blockchain on which the game is developed.

The introduction of NFTs in Google Play apps and games

Speaking of games with NFTs, Google Play wanted to introduce them alongside apps in mid-July 2023, revolutionising its crypto policy on tokenized digital assets. 

In practice, the company wanted to give developers the ability to allow users to buy, sell or earn digital assets within apps. This is possible as long as transparency is maintained and the apps adhere to other established rules. 

This is part of the internet giant’s “crypto” policy revolution, which involves non-fungible tokens. 

Companies adhering to the Google Play initiative will have to disclose in the Play console that their app contains blockchain-based elements.

*This article was paid for Cryptonomist did not write the article or test the platform.

Related posts
More from author