The integration of cryptocurrencies and blockchain in virtual gaming, known as the crypto gaming metaverse, is expanding. Virtual economies thrive with players engaging in buying, selling, and trading digital assets like in-game currency and NFTs. This convergence offers new opportunities for gaming, entertainment, and digital asset ownership.
1.Smart Contracts: Ethereum introduced the concept of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts automatically execute and enforce themselves when predefined conditions are met.
2.Decentralized Applications (DApps): Ethereum provides a platform for developers to build decentralized applications (DApps) on its blockchain. These applications run on a network of computers rather than a single server, making them resistant to censorship and tampering.
3.Ethereum Virtual Machine (EVM): Ethereum has its own virtual machine, called the Ethereum Virtual Machine (EVM), which enables developers to execute smart contracts and DApps on the Ethereum blockchain.