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Cryptocurrency is set to disrupt the global gaming industry
Gaming and cryptocurrency are on a collision course, one that heralds a revolutionary era where digital assets and entertainment are seamlessly intertwined.
Blockchain technology has shown no signs of slowing down since its initial foray into the gaming ecosystem and has introduced an unprecedented set of opportunities for players and developers alike.
It has become the backbone of cryptocurrencies, and this technological ingenuity now allows players to own, trade, and monetize their gaming assets.
The transparent nature of blockchain offers players real ownership and transparency, while developers can also create new economic models that improve player engagement.
The synergy between gaming and cryptocurrencies is set to be a game-changer, ushering in a virtual economy that creates a decentralized and enhanced gaming experience.
Gaming companies around the world are already capitalizing on this phenomenon which promises to take crypto gaming to unprecedented heights.
Web3 Gaming Giant is offering a $50 million reward in the “Main Quest” program.
Immutable is widely recognized as a prominent player in the Web3 gaming industry and has taken a considerable step in securing it 50 million dollars in symbolic prizes for a research program.
The “Main Quest” program is designed to reward players who explore the exciting world of Immutable’s gaming ecosystem.
Immutable has partnered with Digital Worlds Foundation for this revolutionary move – a partnership that signifies a shared goal towards decentralization, growth and security in the blockchain gaming industry.
The program rewards players for exploring their extensive gaming platform, which boasts over 270 titles, catering to a wide range of genres and interests.
The Immutable ecosystem has some of the highest profile gaming projects in the blockchain domain. Illuvium and MetalCore are just some of the highlights of the “main mission”.
Players can earn valuable rewards from the program by participating in various activities, such as completing quests and owning collections on the platform.
This move is a strategic move by Immutable. They want to strengthen their position as a leading destination for gaming, and an rewards program goes a long way towards realizing their ambitions.
Oasys partners with SBINFT to power crypto-gaming in Japan
Immutable is not the only platform that is making major inroads into the crypto gaming sphere.
Blockchain network Oasys has also joined forces with SBINFT Market, a major non-fungible token (NFT) marketplace backed by major Japanese financial group SBI. The partnership aims to stimulate the growth of crypto gaming in Japan.
Oasys are already attracting attention from industry heavyweights like Ubisoft, Bandai Namco, and Sega, so an expansion into the Japanese gaming market is only a matter of time.
The collaboration also unlocks new opportunities for developers building on Oasys. SBINFT Marketplace has integrated Oasys’ core blockchain network assets and its scaling solution to expand their initial integration with Oasys’ HOME Verse.
This essentially means that Oasys developers can now sell their approved NFTs directly through the established SBINFT platform.
The move represents a game changer for players and developers who will be exposed to greater monetization and engagement opportunities within the gaming space.
However, not all NFTs can be listed on SBINFT. Only those created by authorized artists and approved Oasys partners may be sold. The rule ensures the quality and potentially increases the value of NFTs within the Oasys terrain.
The SBINFT marketplace offers a wide range of tokenized assets, including digital art, music, game items, and even event tickets. Transactions can be conducted using both cryptocurrencies and traditional credit cards, making the platform accessible to a wider audience.
Notably, SBINFT also supports NFTs based on popular blockchains such as Ethereum and Polygon, demonstrating its commitment to interoperability.
Australia is ready for the cryptocurrency boom in iGaming
The emergence of crypto-gaming is also impacting the iGaming and sports betting industries around the world.
The shift is particularly evident in Australia, with several platforms embracing cryptocurrencies to cater to a tech-savvy audience and offer new experiences for both users and traders.
This trend is exemplified by the recent launch of OKX, a major global cryptocurrency exchange, in Australia. OKX allows users to directly deposit and withdraw Australian Dollars (AUD) on various platforms, including betting sites.
The arrival of OKX demonstrates the growing mainstream acceptance of digital currencies. For Australian bettors, this translates into a new world of convenience, enabling faster processing times, lower fees and better privacy thanks to the decentralized nature of cryptocurrencies.
Several betting sites in Australia they already accept cryptocurrencies as a form of payment, but others are expected to jump on the bandwagon with the emergence of OKX, as it offers up to 85 tokens, including Bitcoin, Ethereum, and USDT.
Australian bookies will increasingly seize the opportunity to adopt crypto payments as a way to attract new demographics and potentially stand out in a highly competitive industry.