The Differences Between Blockchain Gaming and Crypto Gaming
written by Nitin Garg | Jan 06, 2023
Blockchain gaming is the next big revolution in the gaming industry. The term blockchain is often thrown around the gambling world and used simultaneously with crypto gaming. Blockchain in games has been around for a few years and is often confused with crypto gaming. Although both types are used interchangeably, blockchain gaming and crypto gaming have varied differences.
Blockchain in gaming was the first to enter the gaming scene which was soon followed by cryptocurrency gaming. However, recently, the term ‘play-to-earn’ gaming has been gaining a lot of momentum. The term refers to games that provide monetary value in return for completing various in-game actions.
The gaming industry has seen a lot of traction in recent years. According to a report by Technavio, the global gaming market is accelerating at a CAGR of 7.31% with an estimated market share of $74.9 billion by the year 2026. One of the main driving factors for this growth can be attributed to the integration of blockchain technology and crypto in gaming.
In this blog, we will highlight the primary difference between crypto gaming and blockchain gaming. But before we dive deep into the distinctions between the two terms, let us understand what they mean.
Table of Contents
What is Blockchain Gaming?
The emergence of blockchain gaming platforms has opened new doors for Blockchain game development services. Gaming Blockchain refers to a decentralized platform where the transactions are secure and records are maintained for every action. The technology democratizes the entire environment and offers true ownership of in-game assets.
In traditional gaming, players were bound by the ecosystem of a certain game where players couldn’t move their assets at will. Blockchain gaming platforms allow players to verify their assets and move them beyond the boundaries of a specific game.
Click Here to Get More Info About Crypto Gaming
We have a team of experts who can help you in app web & software development
For example- an item acquired in the game World of Warcraft can be traded and used by one of your characters in Lost Relic- another blockchain game. Another perfect example is God’s Unchained, a trading card game where each card is a rare NFT.
Undoubtedly, blockchain in gaming is an intriguing topic and players are already gravitating toward these platforms. The advent of blockchain gaming crypto platforms serves as a boon for avid gamers who have been waiting for a technology like this for decades. Gamers can now move and trade their items seamlessly across different gaming platforms.
Blockchain for games aims to be as decentralized as possible. However, total decentralization is still a dream and a massive challenge in front of blockchain game developers. Ethereum is considered the best blockchain for gaming and is widely used to develop games and NFT Marketplaces.
Let’s take a look at the various advantages Blockchain technology provides in gaming.
Advantages of Blockchain Gaming Platforms
Blockchain technology has been around for a while and has the potential to transform the gaming industry. Some of the advantages of blockchain game development services are listed below-
1. Robust Security
Blockchain in gaming offers an extra-secure environment by using encryptions like Two-factor authentication and Secure Messaging. These encryptions are integral in protecting sensitive data like financial information, player information, game data, and transactions from cyber threats and hacking attempts.
2. Safe and Secure Transactions
Blockchain in games is the ideal technology for gamers where they can share virtual assets or sensitive data like NFTs. It is a rigid, transparent, and secure technology that ensures no fraudulent activity in transactions and provides a sense of confidence for users engaging in financial transactions and trading.
3. Resource Trading
One of the most prominent benefits of blockchain technology is the ability to trade in-game assets and virtual resources across platforms. Blockchain maintains records of each asset and its ownership, which allows users to trade and use their assets without the fear of being duplicated or stolen. The ability to freely sell and trade in-game assets is one of the most lucrative features of blockchain that is absent from traditional gaming.
4. Rewards and Bonuses
Unlike traditional games, where players are rewarded with items that have no monetary value outside the game environment, gaming blockchain allows players to earn cryptocurrency and NFTs by completing different missions and quests. Players can earn rewards in the form of crypto tokens or NFTs that can be used to purchase items from other platforms or even other
5. Integrated Gaming Profiles
As blockchain for games becomes mainstream, there is a possibility of a central gaming community where players can access all sorts of crypto mobile games. This will allow users to create one gamer profile that can be used across different games. All the in-game assets and resources procured by the player will be safe in their player profiles and can be used in different games. This will allow players to effectively access different online crypto games and trade items, thus enhancing user experience.
Blockchain gaming platforms provide a more secure, robust, and user-friendly user experience than traditional games. It provides increased transparency and security in monetary transactions and accessing digital assets. Gamers have more control over their gaming experience by enabling them to control the story’s narrative, characters, and more. It provides a single platform where users can access different games without risking the gaming experience.
Now that we have learnt about the various features and benefits of gaming blockchain, let’s move towards cryptocurrency gaming and break down its advantages.
Ever since the advent of online gaming and gambling games, cryptocurrency has been widely used in online crypto games. It is a digital currency that uses cryptography to facilitate secure transactions. Users can make payments via cryptocurrencies without going through the hectic and lengthy processes of banks and credit cards. Bitcoin, Ethereum, Litecoin, and Dogecoin are some of the best gaming crypto to invest in and are widely used in the best crypto games.
Crypto gaming is also based on blockchain technology but only focuses on the reward aspect. There have been a lot of crypto mobile games that have integrated crypto support and accept crypto as a viable transactional method. Moreover, some games also offer cryptocurrency or NFTs as rewards for completing achievements and playing the game. This has allowed gamers to earn a profit from their enthusiasm for gaming by earning rewards that are rich in monetary value.
Furthermore, the increased popularity of crypto gambling platforms has given rise to a plethora of opportunities for crypto game development services to innovate and create engaging crypto mobile games.
Although cryptos earned via gaming do not provide true ownership, they can be exchanged for stablecoins from a centralized or decentralized cryptocurrency exchange. Furthermore, they can be traded or sold at online marketplaces and converted into fiat currency.
Crypto in gaming has now become mainstream with every major sports betting platform now providing crypto transactions. As a result, crypto game developers and crypto game development services are enjoying the success of online crypto games becoming mainstream. The gaming crypto segment has turned into a popular niche and is gradually attracting more and more users.
Advantages of Crypto Gaming Platforms
Crypto in gaming is on the forefront of the gaming industry in recent years. Digital currency has been widely adopted by crypto game development services that strive to create engaging games for users. Here are some advantages of crypto gaming platforms.
One of the most prominent advantages of gaming crypto is it enables gamers to earn cryptocurrencies and NFTs by completing missions and winning the game. The idea is to give gamers an incentive that can be used outside of the gaming environment and redeemed for real goods and services. These games have allowed gamers to earn passive income with online crypto games. Moreover, the play-to-earn model is very beneficial in attracting more users to the cryptocurrency gaming platform.
2. Beneficial for Crypto Gaming Developers
Crypto mobile games not only provide additional incentives to players but also open various revenue sources for crypto gaming developers. Virtual tournaments and contests are an integral part of the gaming industry and gaming crypto platforms frequently host them. With a hefty registration fee and winning prize, it serves as an additional revenue source for cryptocurrency gaming developers.
3. Instant Transactions
Possibly the most important advantage of crypto gaming is it facilitates secure and instant transactions. While fiat currency transactions can take quite some time to completely process, crypto transactions eliminate the intermediaries and complete the process instantly. This is beneficial in improving the gaming experience by providing quick and efficient transactions so gamers can enjoy their favourite games without any obstructions.
4. Complete Anonymity
If you are not comfortable leaving your digital footprint, online crypto games are your best bet. Often in traditional gaming, your money might be safe but your identity may not. Cryptocurrency transactions are discrete unless the user voluntarily chooses to share their information. Moreover, the IP also changes with every transaction to maintain the user’s anonymity.
Although both types are closely related they are not similar. While blockchain gaming focuses on the economic components. Meanwhile, online crypto games are conventional games that provide cryptocurrencies as rewards.
At a glance there seems to be no difference between the two game types however after closer inspection, there seems to be some distinction between the two. We can probably interpret it like this- “All Crypto games are blockchain games but not all blockchain games are crypto games”
Moreover, here are two potential distinctions between crypto gaming and blockchain gaming-
Blockchain games are thought of as a derivative of conventional gaming whereas crypto gaming is relatively new.
Blockchain games focus on true ownership and decentralization while gaming crypto focuses on tokens and NFTs that power smart contracts.
The debate about blockchain vs crypto is never-ending. However, there are some distinctions between the two, but gamers often club them both together and use the terms interchangeably.
Metaverse and Blockchain
While decentralization is the primary aspect of blockchain technology, maintaining a completely decentralized environment seems like a herculean task presently. While there are no such games that fit the description as of now, blockchain game developers are constantly working their way towards creating one. Metaverse game development has given rise to various platforms based on blockchain technology like Sandbox, Enjin, and Axie Infinity.
However, with the introduction of the Metaverse and various Metaverse platforms like Decentraland, total decentralization might be possible. Decentraland is possibly the most decentralized project yet. It is based on the Ethereum blockchain and the NFTs and graphics are hosted across 13 different servers which are overseen by small DAOs. The Metaverse land uses the native currency known as MANA. However, Decentraland is not a video game, it is one of the best examples of how decentralization can be achieved without relying on Blockchain technology.
Some popular examples of Metaverse lands based on blockchain technology are-
Meanwhile, there are also games that use blockchain technology to provide users with rare NFTs and cryptocurrencies. Some examples include-
Despite being a significant difference between the two types upon closer inspection, the two terms are often used interchangeably in the gaming world. While blockchain focuses on decentralization, the other advocates reward acquired by playing. Crypto gaming and blockchain gaming have been hot topics in the gaming industry in recent years. Undoubtedly, they have the potential to be mainstream in the future and will revolutionalise the gaming market.
Q.1 What is the primary difference between blockchain and cryptocurrencies?
While blockchain refers to a technology that provides a safe decentralized platform where every transaction is recorded on the blockchain whereas cryptocurrencies are digital currencies that can be used to make transactions.
Q.2 What are the advantages of blockchain gaming?
Blockchain gaming provides a safe and transparent environment where all transactions and activities are recorded on the blockchain. Moreover, it also provides a decentralized environment where users have true ownership of their in-game assets.
Q.3 What is the most expensive blockchain?
One of the most we–known blockchains is known as Ethereum. Likewise, Ethereum and Solana are the most expensive and cheapest blockchains respectively.
Q.4 What are Blockchain Games?
Blockchain games refer to online games that are hosted on the blockchain and offer a decentralized ecosystem where users have true ownership of their in-game assets.
Q.5 What are Crypto games?
Crypto games refer to online games that offer cryptocurrency and other digital currencies as rewards for beating the game or completing specific quests.
How useful was this post?
Click on a star to rate it!
Average rating 0 / 5. Vote count: 0
No votes so far! Be the first to rate this post.
As you found this post useful...
Follow us on social media!
We are sorry that this post was not useful for you!
I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning, app, web & game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.
BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.