At the end of the day, we live in a highly competitive gaming industry. It also seems that the gaming industry is under constant stress. This can be attributed to the ever-changing tech landscape and the intense competition. This is paving the way for an unstructured industry, heavily impacted by AI, AR, and VR. With 70% of people in the US playing video games, the gaming industry has seen massive growth. The global gaming market is valued at $140 billion and is set to grow further. Crypto and gaming industry trends are now shaping the future of gaming even more.

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Personalised Gaming Experience

One way that crypto is changing the market is because it is providing people with a more personalised gaming experience. Gaming companies often store their assets on servers, and they are concerned about the risk of duplication as well. They have no control over the assets if they become restricted from trading, buying or even selling, beyond the current gaming ecosystem. Blockchain is great as it helps to bring back a sense of ownership and control. It puts the assets back into the hands of the player or the gamer, and this gives a sense of transparency. Many online casino providers are now accepting crypto, which connects to the blockchain. It is this movement which is helping to pave the way for the future for crypto.

Enhanced Security

Another huge benefit would be enhanced security. When you look at the blockchain and how it came to be part of the gaming industry you will soon see that it stops gaming assets from being traded illegally. It also helps with issues such as hacking or even stealing. This all becomes possible because of the blockchain ledgers.

They are impenetrable, and the immutable nature of blockchain makes asset duplication impossible. The gaming industry has thrived but has also faced fraud. One in seven virtual items falls victim to fraud. If blockchain is implemented properly, it could eliminate these issues once and for all.

Payment Processing

Introducing the blockchain, and cryptocurrency to the gaming industry would also facilitate more secure and faster forms of payment. This is especially the case for gamers as it means that they can have their transactions handled without any kind of risk. The great thing about blockchain is that it helps to ease the job of any developers and it is them who may have been struggling to sell beyond the app store, due to high commission fees. Blockchain and crypto would eliminate hurdles like this, making the gaming industry fairer for all.