We are living in a world where in the race of advancing technology, we need some entertainment to divert our mind from the hectic environment. And if we are provided with both technology and entertainment, there could be no better option than that. The amalgamation of cryptocurrency and gaming world is somehow serving us in both the spheres.Â
The integration has led digital assets to hold a real-world worth and it is the first time when in-game economies are being more vital and completely focused on the player. In this article, we will be discussing the integration of cryptocurrencies and the gaming world with its virtual assets and rewards.Â
The role of virtual assets in crypto gaming
In the current scenario virtual assets are not only limited to buying rare items or just leveling up your characters, now it holds a real value outside the world also. The integration of blockchain technology and cryptocurrencies in the gaming world has turned the tables and now you can hold the actual ownership to buy, sell, trade or rent the in-game items.Â
While playing any video games, a digital asset is an item or can say a piece of content that can be created and reserved digitally. This can include both character skins, leveling the characters or in-game currency or resources.Â
The use of blockchain technology has undoubtedly transformed the gaming experience for the users. There are mainly three types of virtual assets: Virtual Currencies, Collectibles as well as Virtual Real Estate and items.Â
Rewards in crypto gaming
For earning rewards you have to play a play-to-earn game. Rewards in crypto games are more like a vending machine. You can not predict when you will get a reward and this feature makes the game exciting for many users.Â
Users are lured by big wins which keeps them hooked and they carry on playing more and more. The integration of blockchain technology builds a trust among players which eventually increases the involvement as well as adventure of the players.Â
There are various online communities where players do show off of what they have achieved as a reward. This helps crypto games to gain more popularity as it motivates other players and they also somehow end up on the platform.Â
This ease that has been provided by crypto games has led to the growth of player-owned marketplaces which are used by the users to buy, sell and trade digital assets in a decentralized way. Â
Risks associated with crypto gamingÂ
It can financially drain you: As crypto games provide you with many rewards, at the same time it asks you to spend over in-game purchases. Now, when you get habituated with the game, you also spend without thinking much and this habit can drain your savings and may lead you in debt. The unpredictability associated with the cryptocurrency market may also lead you to face losses.Â
Time Consuming: If you havenât opted gaming as your career option and just playing for fun purposes then it may be time consuming which may lead you to ignore any other tasks. The fascinating and luring nature can highly distract you from real-life commitments and can make you stick to the virtual world all the time.Â
Bad Mental health: You can be impacted mentally by playing more than specified time limit. It may also lead you to social isolation as you will make the virtual world your own real world. The fear of losing the virtual assets can make you mentally drained or in some cases it even leads to stress or anxiety. The unpredictability in rewards can push your adrenaline level due to which you feel emotionally high and low in a very short span of time and that is not good for your mental health.Â
Conclusion
The integration of cryptocurrencies, blockchain as well as gaming is not only restricted for a short span of time. However, it is still evolving and working in a way to make the user experience more enjoyable. Also, players are always thrilled to get new updates. But there are also some risks associated with it and if you understand those risks significantly then you can easily deal with the negative consequences.Â