Cryptocurrencies in the Gaming Industry

1 min reading
tokeneo, kryptowaluty, Asus gamerzy mogą kopać krypto, kiedy nie grają w gry

Most of us do not realize what a great impact computer games can have on various sectors of the economy, including finances. Is there a real chance that soon we will be using cryptocurrencies for in-game payments?

Fortnite and cryptocurrencies

From 26th to 28th of July, the Fortnite World Cup took place in New York. Fortnite is a well-known multiplayer computer game. The championship was won by 16-year-old Kyle "Bugha" Geiersdorf, and the main prize was as much as $3 million - this amount is three times the size of the Tiger Woods' prize when he won the gold championship. According to Travis Kling, founder of the Ikigai hedge fund, transfer of huge amounts of money that circulate in the gaming world into cryptocurrency platforms is just a matter of time.
This is *massive* fiat currency surrounding a digital world. These digital worlds themselves have massive fiat economies existing inside them. The next step of the (Means of Exchange) itself being digitally native is not a long put.
- Kling on Twitter. This optimistic view came just a few days after the US Securities and Exchange Commission (SEC) gave the green light to a gaming startup based on blockchain supposed to sell Ether (ETH) cryptocurrency.

The cryptocurrency industry lurks for income from games

Not only Kling believes that cryptocurrency and blockchain technology will revolutionize the gaming world. Several well-known cryptocurrency companies, including Ripple and Tron, have focused on building a network of contacts. Everyone is hoping for a huge income. In March, Ripple began working with the Forte gaming company and set up a $100 million fund to solely expand the presence of Ripple tokens in the computer games' market. Throne also intends to invest $100 million in its new project over the next three years. Despite the rather declining trends in the crypto market, the gaming industry gains more and more transactions. One of them which is to develop games on a blockchain platform in EOS network is worth $16 million. Unfortunately, some of the sectors of the virtual world do not develop so quickly. For example, recently there was an almost complete absence of new decentralized applications, the so-called DApps.

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