New bitcoin casinos are games that use special computer technology called blockchain to allow players to own, trade and make real money from in-game assets. This new model of play fosters a more significant interaction with the game and can result in real cash rewards for dedicated gamers.
In some cases, the rewards for gameplay in a crypto game are paid in top cryptocurrencies or NFTs. This gives the player complete ownership over these digital assets that can be traded on marketplaces outside of the game’s ecosystem. For instance, the collectible creature game Axie Infinity allows its players to breed their creatures and mint new in-game tokens (called Axies) that are then sold on the game’s native marketplace or on secondary NFT marketplaces.
Innovate, Play, Repeat: The Dynamic World of Crypto Games
Other games, such as the social worlds Decentraland and Upland, feature a unique take on the “Play-to-Earn” model by allowing players to claim real estate and other virtual assets in the form of NFTs. Players can purchase and sell these items within the game, but they can also choose to hold them in order to earn a return on their investment through the game’s staking system.
The value of these assets fluctuates, similar to the price of stocks. And because the crypto gaming model is based on blockchain, all transactions are recorded transparently and immutably. This provides a level of security and trust that was not possible before, making it a natural fit for this new gaming trend.