By juegoadmin | Uncategorized | November 2nd, 2022

The Differences Between Crypto Gaming and Blockchain Gaming

The phrase Blockchain Gaming came into existence first and then followed Crypto Gaming. Besides, the concept of “play-to-earn” has grown into acceptance in the recent past. However, as per the context, the term “blockchain” is used.

With time, a plethora of appropriate synonyms has been adopted. This has only been done to describe the otherwise booming gaming business. The definitions of crypto gaming and blockchain gaming are bound to evolve. But there are a few differences that can clearly be observed between the two concepts.

Today, this article will give valuable insights into the primary differences between crypto and blockchain gaming. But before we check out the differences, we’ll determine what the two phrases mean.

Let’s get started.

Blockchain Gaming – What is it?

The advent of blockchain technology has created remarkable opportunities for the best Blockchain game development services company. Blockchain gaming utilizes true item ownership from the same technology as cryptocurrencies. It is truly a mindblowing innovation for players who accept that their items will be stuck in games forever.

Earlier, players were accustomed to the traditional wall gardens that prevented players from moving their assets. But now, Blockchain operates like a battering ram to players staring at these enormous walls. They had been waiting all this while for something to shake up their whole gaming world.

These new Blockchain gaming systems are bringing forth exciting developments. It enables the players to verify that their items are rare and allows them to send anything, anywhere. This new feature exists without having to jump through hoops or sell your entire account.

Blockchain Gaming further enables a new player-driven economy. And here, the games need not think hard about shady DLCs or new releases. Instead, they are capable of making new content that is tradable and can retain players.

It is no secret that blockchain gaming and NFTs are fun and exciting topics. And surprisingly, people have started flocking toward blockchain gaming. This is because gamers can now do certain things they’ve been trying to do for decades. That is, they can now move and sell their gaming items seamlessly.

Blockchain gaming highlights blockchain technology, which is independent of financial assets. Therefore, the values of true ownership, decentralization, and resistance to censorship inherent to Blockchain are presented as the fundamental option. Nevertheless, total decentralization is a magnanimous technical challenge as many questions arise.

Nonetheless, Blockchain gaming aims to be as decentralized as possible. And for blockchain pursuits, reaching this level of development is quite a dream. No games are available, but some are trying hard to get closer.

Let us now find out what crypto gaming exactly means.

Crypto Gaming – What is it?

While more players are immersed in the world of online gaming, it’s evident that cryptocurrency will play the upper hand. Quite a few games have already integrated crypto within their gaming economies.

The P2E games or “Play-to-Earn” games reward their players with digital tokens or cryptocurrencies. And the rewards are entirely based on how much they play the games and achieve. Gamers can efficiently profit from their enthusiasm for gaming by earning cryptocurrencies.

While blockchain technology existed for a long time, it has brought about remarkable opportunities for crypto gaming developers. Thus, they are capable of adding an entirely new element of real-world economies to their games. Besides, crypto gamers are capable of earning cryptocurrency or NFTs by winning a game.

You should note that these digital assets can eventually become the property of the gamer. Sometimes, the in-game digital tokens can also be exchanged for stablecoins on either decentralized or centralized cryptocurrency exchanges. Further, these digital assets can be traded or sold on online marketplaces and converted directly to fiat currency.

Above all, the gameplay and the offered styles have enormously evolved. Let us now check out some of the most commendable differences between the two.

Blockchain Games vs. Crypto Games

You should note that blockchain games are not limited to the game type but focus on the economic components. In contrast, crypto games are nothing but virtual currencies that are sold within initial coin offerings before it’s used. Also, not forgetting to mention, blockchain games allow micropayments as they are highly interactive with players’ data.

Some potential differences between blockchain gaming and crypto gaming include the following:

  • While blockchain games are considered a derivative of traditional gaming, crypto games are completely new.
  • While blockchain games focus on ownership and assets, crypto games entirely focus on utility tokens which efficiently power smart contracts.

When it comes to blockchain gaming and crypto gaming, many people get confused while determining their differences. Thus, you should understand that crypto and blockchain games are not closely related.

Interoperability in Metaverse

You will know that decentralization is the primary objective of ‘blockchain gaming.’ And for blockchain pursuits, acquiring this degree is like fulfilling a development dream. While there are no such games at this moment, some individuals are working their way toward creating one.

However, Decentraland is possibly the most decentralized project to date. And the metadata of the LAND is maintained on Ethereum, all thanks to NFTand the graphics that are hosted on 13 servers. The servers are well-distributed and are overseen by small DAOs.

So, even if one server is down and becomes non-functional, players can access the game by connecting to another server. However, you should know that Decentraland is not a video game. Rather, it is a remarkable example of how a decentralized design can be achieved without relying on Blockchain only.

Crypto Gaming Refers to the Game that Rewards in NFT or Crypto

Crypto games use cryptocurrency as a medium of exchange for gaming. Therefore, this coin will further be used for both gameplay and rewards. And players who win the game are either paid in NFT or cryptocurrencies.

And players who win in crypto gaming are paid through NFT or cryptocurrencies. Besides, the skill and time you invest in the game help determine your winning chances. While the game designs and gameplay have efficiently altered, some of them initially resembled the Flash games from the 2000s.

Blockchain Gaming – The Future of the Economy

Blockchain is fast becoming the most significant talking point across an enormous range of industries. While blockchain technology is being adapted into video gaming, there will be an ever-expanding scope for good.

Nonetheless, decentralized blockchains have opened their door to verifiable digital ownership. Further, they enable the players to own the items they play with.

Conclusion

Despite a significant difference in the term used for designating two different concepts, crypto and blockchain gaming are often confounded. Nevertheless, while one advocates decentralization, the other focuses on the rewards obtained by playing.

The phrases “blockchain gaming” and “crypto gaming” have eventually proceeded further to become some excellent marketing tools. And determining how the game has been designed will be located within an approximate decentralized spectrum.

About Juego Studio

Juego Studio is a world-class technological venture that efficiently deals with VR, AR, AI, IoT, Blockchain, Metaverse Development, NFT game development, and other emerging technologies. The company came up and had been running since 2013. Currently, the company hosts more than 300 professionals who have already completed 500+ projects.

Juego studios cater to customers worldwide and have more than 80 potential clients. Besides, they have a remarkable growth rate of 178%. Until today, they have completed exactly ten years within the market. They have also patiently dealt with 200 active clients.