Gaming is one of those things that has continuously evolved alongside technology. As humans continue to improve on what we can do with our various technological developments, we almost always apply them to gaming in some way.
Think of the internet, AR and VR headsets, live streaming, and much more. But did you know that it is possible to game with Bitcoin?
The world’s most famous crypto has found a myriad of applications, and one of these has been in the world of gaming. In this article, we’ll explain some of the ways you can go about gaming with Bitcoin.
Casino Games
One of the most important developments in the gaming sector over the last few years has been the rise of online casinos. While you would have had to go to a physical casino in the past to get your needs met, you can now do so using the internet.
Online, you’ll see casinos of all types featuring everything from classic titles to modern offerings. This also includes the currencies used for wagering. While there is a myriad of sites that accept fiat currencies like US dollars and Great British pounds, many also accept cryptocurrency.
In this sense, you can game with Bitcoin by simply opting for Bitcoin casino sites. These will see you wagering your Bitcoin tokens on your game of choice and hopefully walking away with more.
This option has proven to be a hit for many because it offers greater privacy, and the tokens you win might eventually appreciate in value. So, if you’re a lover of cryptocurrency, online casinos, or both, this will be a good option for you.
Play-To-Earn
The idea of making money from playing your favourite games may seem like a fantasy, but it has become a reality. The last few years have seen the rise of play-to-earn games, which have become a massive hit with consumers.
As implied, these are games in which you can win various currencies or prizes for completing challenges or attaining certain achievements. Consider games like Hamster Kombat and Gods Unchained, which attracted millions of players across various platforms to compete for wins.
Playing with Bitcoin in this sense means signing up for one of these platforms and then working to win tokens.
You might win Bitcoin directly or might win a different currency that you can later swap for Bitcoin. If you’re especially skilled at various games, you might want to find the play-to-earn or play-to-own iteration.
GameFi Options
Blockchain technology has seen several sub-industries emerge, and one of these is GameFi. These are essentially games that use all manner of blockchain-based concepts and can be a way to game with Bitcoin.
Some of these have in-game characters, weapons, tools, and much more that can be bought and sold using Bitcoin. This means that you can upgrade your characters, sidestep certain challenges, and even create a sort of in-game economy.
To do this, you’ll have to sign up on one of the many GameFi platforms that are compatible with cryptocurrency, such as the Sandbox or Decentraland. Once you do this, you can play virtually any game niche, including combat, adventure, puzzle, trading cards, and much more.
Buying Game Accessories
When you’re gaming in the 21st century, you’re no longer limited to crude and rudimentary instruments but can lean into the high-tech. Think of AR and VR-compatible headsets, wearable game gadgets, ergonomic chairs, complex game setups, and so on.
Many of these can be purchased using not only fiat currency but also cryptocurrency. There is a growing list of retailers, such as Microsoft, that accept cryptocurrency, and thus, you can create your entire game setup using just digital assets.
Alternatively, gift card platforms like Bitrefill mean that you can buy gift cards for relevant retailers and invest in your gaming setup.
Crypto Lottery
This is a lesser-known application of cryptocurrency, but you can always opt for no-loss crypto lotteries. This is consumers paying a certain amount in cryptocurrency for a chance to win. The twist is, however, that nobody loses.
The tokens are gathered together and, if they are proof-of-work tokens like Bitcoin, converted to stable tokens and then locked away to earn interest.
The winner of the lottery walks away with their initial wager and interest, while everyone else gets their money back. If lottery games are more of your style, this is definitely something to consider.
Conclusion
Bitcoin can be used for a myriad of things, including gaming. In fact, holding Bitcoin or any other digital assets can be an amazing gateway into the world of modern gaming.
As we’ve noted in this article, you can buy physical tools to enhance your experience, play lotteries or engage in play-to-earn games, and much more.
In all of these, make sure you do your research and only invest time and energy into reputable platforms. That way, you will reap the most benefits for your efforts.
