Topic: The Intersection of Bitcoin and Gaming Industries (Read 295 times)

It can never be a good combo, gaming is so easier to understand which is why I believe that this will be big in the next bull market, but a cheaper network will be the best for gaming on the block chain, many people will swim into gaming if the transaction fee is dirt cheap, and we know that Bitcoin isn't fair on the transaction fee side, this is why I believe its a bad combo.

Also gaming needs a special network, I don't think Bitcoin can offer that, few that I know are more than just the gaming side, to bring together all developers and gamers require integration with web3 features, something that's not available in Bitcoin, there is also AI side to gaming, this makes the work easier for game builders.

Bitcoin is truly old for this, the present of the cutting edge technology needed is not available, the tools and SDK required for developers is absence in Bitcoin, so this is case closed, it's something that can never work out.

A single service, Satoshi Dice becomes responsible for over half the transaction volume on the Bitcoin blockchain. It happened on May 8 2012, Bitcoin Wiki noted this domination of Satoshi Dice on Bitcoin blockchain in 2012.

Do you think SatoshiDice is blockchain spam? Drop their TX's - Solution inside.

Looks to be nearly similar question against Ordinals in 2023 and 2024.

Most crypto games projects don't involve Bitcoin itself, rather they tend to use their self launched cryptocurrencies for each respective game or any other altcoin which was created for this purpose, what is really a dumb idea, since Bitcoin could be introduced to 'play to earn games' as middle of payment.

The only games I found to pay in BTC are mobile arcade classical games, and they pay dust of BTC. The time you spend on them just doesn't worth the received rewards. Another option is to complete offers at offer-wall at any Bitcoin's portal, such as Cointiply, where you can download games' apps, complete determined tasks on them and then be paid by Cointiply for that. It's not great either, but depending the tasks and payrates you might be able to make few dollars after some days...

In practice it's not so impressive and exciting like you make it look on your post.

There are also plenty of crypto games around. I can't complain at all, since I managed to make decent profit from Axie Infinity before they introduced an update where rewards were paid only to PvP matches, and its following decay. MIR4 was also great, for a while. Lost Relics was a good game, as it was pleasant to play, although I didn't make any profit from it. Ni No Kuni was a deception, after so much grinding for nothing.

The point we would like crypto gaming to reach hasn't happened yet. Developers worry too much about profits, and forget about creating an enjoyable content for gamers.

The possibilities might be endless but the reality is that blockchain games have tiny playerbases and most of them are just poor people trying to make money, which is not a profitable model. And it has been pretty clear that the gaming community is not intrested in crypto - look at online reactions on reddit or twitter when some company tried to add NFTs to their games - it was always met with overwhelming negativity.

I've never really dwelled in cryptocurrency games but I know that some of the projects have been pretty successful in the industry, the most prominent being Axie Infinity, The Sandbox, and Roblox. Now there are hundreds of cryptocurrency games and such projects in the GameFi industry but I don't know which ones are trending these days because I've not been closely following this side of the industry because I don't play or participate in many cryptocurrency games.

My cousin used to play in Axie Infinity, I remember that he used to discuss with me how it works, they need to spend money to buy heroes or something and then play games with them and they earn coins or tokens based on the level of heroes and stuff, he told me this if I remember correctly.

Most people would only be interested in playing games where they wouldn't need to spend anything and just earn money for playing the game.

A healthy game combination with both players involved.

The fusion of Bitcoin into the gaming space has further strenghtened the space and given it more visibility as well as patronage.

People who were once limited by border and international payment options have now broken even are acrively involved in gaming thereby increasing the valuation of the industry.

if bitcoin and the gaming industry are such a good combo, why is it so rare for gaming platforms to integrate bitcoin on their platforms? from there alone we can see that bitcoin is not scalable and is not suitable for use in the gaming industry, it can only be used as an alternative payment by players and that's all.

that the gaming industry is reluctant to integrate bitcoin into their platforms because they feel that bitcoin is too expensive, the architecture is not suitable for gaming platforms, it is volatile, and the regulations in some countries are still unclear, so game developers are reluctant to use bitcoin on their gaming platforms.

Deposits and withdrawals can be made through cryptocurrencies in international casinos since the emergence of cryptocurrencies. Although there are very few such games with Bitcoin. Because Bitcoin currently has a very high value, various games are operated through other coins besides Bitcoin, which act as a medium for a gambling industry.
This cryptocurrency has made casinos a borderless business. However, there was a limitation of participation in earlier alternative finance systems.

The collaboration of Bitcoin in crytop gaming has been a great unification because it has me in particular the chances to play and win or merits Bitcoin.
I see a combo on this process.
However, the combos has a potential tendency that aside winning a bet, there could also be possibilities to obtain bitcoin by rewards.
I am comfortable on this crytop gambling because it has me the medium to enhance my Bitcoin accumulations.

There is a game that I currently play (FPS online game) where you get to play against other players and every round you win, you get these "tokens" that are cryptocurrencies converted to that game specifically. It is like you mine those coins while you play that game. I have not fully explored or taken advantage of that system given that I focus only on the game itself (old game turned mining crypto) but I heard that there are other players who profited from this experience.

Additionally, I also watched some videos on YouTube where several YouTubers explained the concept of "PlayToEarn" games. Normally, you have to buy-in in order to start at that game in the form of cryptocurrencies and you earn them while you play- think of it like Axie Infinity.

The problem with these games is that there has to be some sort of burning mechanism of such tokens in order to balance the financial ecosystem. Without that burning mechanism, there would be an influx of these coins mined thereby reducing its price significantly, like what happened to Axie in its later stages.

I've only seen Bitcoin used in online gambling games, which seems like an obvious place for it.  Folks who wanna dip their toes in crypto-gaming might start there, but I'd love to discover other kinds of games that use Bitcoin or blockchain tech.

Got any under-the-radar crypto games you'd suggest? I wanna see what creative ideas devs have cooked up.  And, Id be so curious to check it out.  This kind of thing is still new so I bet there's killer concepts nobody's even thought of yet.

Just like others, I don't think that bitcoin and gaming is a good combo. Also, as far as I know there's no existing game that is built on bitcoin blockchain. Bitcoin has transaction current issues right now that needed to be solved and adding gaming into it would somehow affect bitcoin is a bad way. There are a lot of crypto games out there that is using altcoins with their native tokens, less gas fees, fast transaction time and also built to accommodate the game. If you are talking about gambling, there are a lot of casino already that accepts bitcoin.

bitcoin due to fee's (manipulated to move people off network) wont be good target for gaming
however locking up bitcoin and moving pegged value to subnetworks would see growth

the future of gaming using crypto tokens will flourish, but the current models lack soo many things
the stupid thing though is they are pushing people into these schemes before the schemes even had bugs removed or actually ready for mainstream

anyways, how thing may change..
lets say many decades ago i used to play resident evil. which if you complete the game you get a game save that allows you to start again with unlimited ammo
the future will be, you will get a token that gives you unlimited ammo for game completion. which you can sell on secondary markets to "cheaters" that want to buy cheat codes(tokens) to play games with max features.
or where certain zones/arena's of games are inaccessible unless you earned/bought a token to show you have a certain level character

there will be other things like fantasy football, pokemon and other things where you grow/raise/train your character to certain strengths, skills, attributes and can then sell those characters to others on secondary markets
EG 1000's of different david beckhams with different ball skill levels on the markets, or 1000's of different mews with different powers, levels strengths on the market. or 1000's of frank brunos with different knock-out % wins

the next level is where people can then take their characters and use them as VR avatars in different inter-operable Web3 VR games. EG importing a hulk into GTA10 online where he can smash the city, or the flash that can run through walls. where people trade characters and different missions can only complete if using a certain character

the world of token gaming is yet to be realised.

right now they just want to sell camo/gold coloured guns on call of duty.. they yet to realise the more possibilities of tokenising gaming

imagine walking around your (real world) town in a AR game that looks for airdrop characters(like pokemon go)
now imagine starbucks sponsored to airdrop a couple characters per day per location, that come with starbucks tokens which allow you to get a free coffee

so now you can play with a wild caught character in game and earn a coffee, or sell both tokens on secondary markets

Many people invest their capital in crypto casino or gambling or it is the profession of many people, maybe many people become millionaires or many people become destitute. I'd rather trade that money in Bitcoin than I would normally trade in crypto casinos or gambling.  Although Bitcoin is risky, I still think it is wiser to trade Bitcoin after checking the market.

Do you mean that Bitcoin and the gaming industry related to blockchain technology are a good combination? The only thing I know is that paly-to-earn games are related to other cryptocurrency networks, such as Sol, Ethereum, and others like that.

But I have not witnessed that the games on Play2Learn are immediately related to Bitcoin. Then it seems like this is not a good combination because usually in Play2Earn they have NFTs promoted there.

All this guy does is plagiarize and use ChatGPT to write posts for him... yet he hasn't been banned and his posts aren't being deleted.

But in case OP cares (he doesn't) or anyone else cares, the idea goes all the way back to 2016 (aside from casinos), when the first mobile game, Sarutobi Island, was introduced that allowed for players to receive BTC "tips" by completing various in-game tasks:

https://news.bitcoin.com/sarutobi-game-tips-players-bitcoin-now-android/

Here's a video of what gameplay looked like, and how it worked:

https://youtu.be/RRTB0nZjsm8

The game also spawned the first interoperable Bitcoin asset, NINJASUIT, which could be used in both Sarutobi Island and Spells of Genesis (another early Bitcoin-based game).

Why Bitcoin though? I don't think they will match well, going is better off on a separate chain built specifically for gaming only, like Beam and others, many people still don't believe that gaming will be great in future but it will, because are expecting Playstation and Microsoft to start using blockchain first before they will believe that gaming will do well with crypto but some companies are already in now, they will make their games available for Playstation and Xbox gamers soon.

Games like Bigtime, Shrapnel, BloodLoop, and so on have proven that AAA games are coming to the blockchain and it will do better than what people expected, many people wont see it coming, but with Bitcoin? This has nothing to do here, Blockchains projects like Avalanche, Solana and Beam are good places for gamers to build.

I am starting to believe that these game fi, NFT games, P2E are just fad and craze. If the project comes actually from known gaming companies like Microsoft for XBOX and Sony for Playstation as they become the actual center and network of these games that allows player to earn money in game as BTC as their in game currency. But I don't think that we're going to see a game like that because most of them usually creates their own economy and currency.

I am much impressed by the opportunity gamers, gamblers etc has in depositing and withdrawing their funds seamlessly without any third parties much credit goes to Blockchain technology and the brains behind it personally I don't like any other payment gateways like PayPal, Skrill etc for any gambling deposit fortunately when Bitcoin deposit was adopted it became very easy for me to deposit and withdraw my funds and the ability to transact anonymously was another good feature of Bitcoin rather than going to the regular betting or gambling shops to make fiat deposit this had revolutionize payment system

Yes absolutely. Games are designed for refreshment of the mind. We play games in order to cheer up our mood from daily workload. Now if you integrate Bitcoins or money in games, then here also we will take stress and cannot enjoy the games. From OP’s point of view it seems that he is asking about Gambling casino games. Here you can bet with cryptos or real money for playing games and can make profits from it.

It seems that the combination of cryptocurrency and gaming provides exciting opportunities for earning and interacting in virtual worlds. Blockchain technologies make it possible to create games with real value of digital assets, adding a new level of interaction and economic value to gaming worlds. Interested to learn more about successful projects and adventures in this exciting field!

I congratulate you for your enthusiasm... But where were you in a cave or a Fiat casino? ( . )

The "party" has been going on for more than 10 years, and everything is going well, also for some players thanks to cryptocurrencies, there are of a new type of users who see in the 8 decimals new possibilities for fun to bet.

But although everything progresses the online world Fiat continues to dominate, but the "cake" of the gaming industry is so profitable that each niche subsists without "facing" each other.

The traditional gaming industry has copied part in the crypto world, the same way crypto-casinos already yo adopting traditional schemes, such as KYC, the flag of bitcoin and crypto casinos was anonymity, that literally disappeared, thanks to licenses and other traditional rules.

Games that have to be played and rewards won in BTC are often times the kind of games that need to be connected to or have access to the internet for it to work.
Well, I have gotten only close to earning such rewards from online games too, but not in cryptocurrencies or Bitcoin as that's way more high tech and may require a good console, soundboard and screen display to be much enjoyable for me.

Bitcoin and cryptocurrencies has been much infused as a payment options for many online platforms that may include gambling and betting, so gaming is just an industry joining the bandbus  too.

The association of Bitcoin with gaming is gradually changing the gaming industry. We haven't been paying attention to this, which makes it feel unrealistic from our perspective. Casinos are a major talking point as they have started accepting and issuing Bitcoin as rewards to gamblers. I believe Bitcoin can make a significant impact in the gambling industry, but It's uncertain if Bitcoin can work well with other gaming sectors aside from casinos, so it's best to focus on its investment and peer-to-peer aspects.

I'm not too sure where Bitcoin is heading in the gaming world due to price and other factors. However, I think the Ethereum (ETH) community shares something in common with the gaming industry in terms of staking and rewards.

Blockchain-gaming yes, bitcoin-gaming please fucking no. Bitcoin can't even act as a currency anymore because of the NFT freaks and what you talk about is going to bring cryptokitties like load on btc and it will be far far worse. It is a different story if you think LN is a good solution for your idea though. If that's the case, then I can support it. Just don't build it on the first layer and we will be good.

The gaming industry and blockchain technology have become increasingly intertwined in recent years, giving rise to a new phenomenon known as crypto gaming. Crypto gaming is a significant convergence of cryptocurrencies with the gaming industry, providing players with actual ownership of in-game assets, new earning opportunities, and enhanced security. Blockchain technology permits the development of unique digital assets known as non-fungible tokens (NFTs), which can be traded for stablecoins or fiat currency. As cryptocurrencies and decentralized finance (DeFi) gain momentum, blockchain gaming presents a new frontier for investors seeking high-growth opportunities. According to a Newzoo report, in-game transactions will generate 9.6% revenue growth on a mobile platform by 2023. As technology evolves, blockchain gaming could become a mainstream form of entertainment, bridging the gap between traditional gaming and digital asset ownership.

If there's a trusted game colab with Bitcoin then it's good to play with it. Cause When we play every single day then we have a chance to have a Bitcoin. And also we can invest with it cause unlike in fiat Bitcoin much better as we all know that if we are too lucky then we can earn a lot of Bitcoin. But in reality only few people around the world will  prefer play with Bitcoin cause the reason of they will not trust Bitcoin. And also there are countries that they will not accept Bitcoin so the gambler of that place will choose fiat.

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In the future, with absolutely everything becoming digital, we will have to have alternatives for selling used digital items. The only technology capable of solving this type of problem in my understanding are NTFs on blockchain, not bitcoin.

I've always played video games and it's always been very complicated when a new generation is released to have to leave your entire collection linked to your account and never use it again, without being able to get rid of these legally acquired files. You are losing money

The entertainment industry will, sooner or later, have to propose alternatives to resolve this situation. With NFT you can even give a percentage of the profit to the creator and send the digital license from point A to point B in a simple way.

To be honest, the advent of cryptocurrency has taken the gambling business to a new heights. Key leaders in the entire gambling industries are those who have integrated crypto payments. What this has done for the casinos is to widen their customer base because cryptocurrency has just transformed casinos into a borderless business unlike before when people from many countries were restricted from participating by regulation as well as payment options available at that time.

If you have noticed, many big casinos that refused to transition are fading away. There is no way to beat the power that Bitcoin offers, the best is to embrace it for the sake of your business. Now I enjoy a lot of games in international casinos just because I could now deposit and withdraw through Bitcoin and other cryptocurrencies.

Unless it's a game where you can earn cryptocurrency as well, I'd spend bitcoin over it anytime. But if it's just a game for fun, it's a big no.
Though it could be a great achievement for Bitcoin and that certain gaming company, I believe most players would still prefer fiat rather than paying up for a game using Bitcoin, which you know, much profitable than fiat when you're going to make it an investment for a long term basis.

Gaming and crypto has been together for a while now, there are even some decent quality games made during the last bull, but making a game takes years, so obviously most of the good ones ended up not being that great. I keep saying that pokemon company needs to get in on this, between gaming, nft and crypto, they could make billions off this market if they wanted to, so it's there, and it can be done.

Obviously not by a few people who have no idea how things are done, that would not be all that easy to handle, it takes a good team and years to build a great game. I am the one among those enthusiastic who are all deliberately awaiting for a pure crypto game hits the market and becomes favorite to all age groups.

There are many crypto games created in the past years, and there are many crypto currencies that have been created because of this phenomenal phenomenon, but notice that there are no games that support bitcoin. It's because crypto games are a form of mining the coin or currency that is being used in the game and circulates in the market, and because bitcoin already exists, there are no games created for bitcoin or crypto games that will reward bitcoin. Bitcoin also has a high price, which is why it will be hard to implement bitcoin in games or associate bitcoin with a game.
But of course, if there's a game that rewards bitcoin, then it would be great for many investors, and at the same time, gamers would go to play that game. But it will require great preparation or a roadmap. Anyway,  try to explore other crypto games that will reward a coin; they are also profitable.

The crytop casino is craving to dominate the most influential transaction ranges on tradings, gambling and the P2P exchanges
This is a cool dope system but taking it highily a recognition to gambling is as much difficult to handle because staking with how ever afford dividends of my bitcoins in my trade lines wallets is like I am toying and invaluably not serious with my crytop races of investment.

I don't think that it's a good combo. I prefer just to play games and have fun or overcome difficulties. Mixing it with crypto or money at all will make it less fun IMO.

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