The gaming sector is consistently finding new ways to innovate just like most modern industries. It is no surprise anymore that gaming has also been one of the largest drivers of another phenomenon in the world of technology which is cryptocurrency. Given that it is a globally popular industry with much of its roots in the tech industry.
Crypto and gaming have already been intertwined.
Cryptocurrency’s influence extends beyond the traditional gaming sector, even as crypto gaming emerges as a new sub-sector making significant strides. The industry at large, most specifically the iGaming sector has begun integrating the use of cryptocurrency in a major way. According to Geoff Kukard, an iGaming expert, up to one in four US residents now own BTC. In result to this, there’s a rising demand for crypto gambling platforms that offer perks like the best bitcoin casino bonuses and a more private experience.
The iGaming industry has embraced cryptocurrency as a payment method. It drives the industry with crypto casinos and their ability to offer a more anonymous betting experience. Nonetheless, most players who want that experience have to turn to offshore platforms to experience it. The reason for this is that many states in the US still don’t offer legalized online gambling.
As a result, crypto may well lead the charge for online gambling to be legalized in more US states. The crypto influence is sure to keep growing this industry between the growing crypto influence, the potential to grow the crypto industry locally, and the attraction of the massive tax revenue states can divert from offshore platforms to their coffers.
Cryptocurrencies are also playing a huge role among the traditional gaming options that don’t involve gambling. This is mainly via the proliferation of the play-to-earn gaming sector.
