Crypto Gambling Is All About Token Pumping And Not Much Else – Xfire

Blockchain technology and cryptocurrencies have made serious waves in different industries, shaking up old business models and opening new avenues for financial transactions and storing value.

Some existing and potential game developers have also jumped on this blockchain bandwagon, with many games centered around cryptocurrencies and the use of Non-fungible tokens (NFT) having been released. But, despite all the hype, a closer look at this trend suggests major problems.

First of all, the quality of these crypto games is terrible. It’s shocking to see games with huge crypto budgets that can’t even deliver a basic level of fun. Indie games, created with a tiny fraction of these budgets, consistently beat their crypto rivals in gameplay, story, and overall gaming experience.

The crux of this problem is that crypto game developers seem to have their priorities mixed up. Instead of focusing on creating immersive and enjoyable experiences for gamers, they are often more interested in pushing their own cryptocurrencies. The game ends up being just a platform for their digital token, a decision that completely misses the point of the game as a form of entertainment and artistic expression.

Second, the wider gaming community isn’t exactly thrilled with crypto gambling. Gamers are increasingly expressing their aversion to crypto games and crypto NFTs. They see current crypto gaming models, which mostly follow the Play-to-Earn (P2E) principle, as thinly disguised money-making schemes. And honestly, they’re right, given the flood of new game-specific tokens and the constant pressure to buy, trade, or keep those tokens in the game environment.

To date, the gaming world has thrived on two main models: the traditional one-time purchase and the increasingly popular free-to-win, pay-to-win approach. These models have stood the test of time, delivering both profit and player satisfaction, for the most part. They keep the focus on the game itself and player engagement, rather than an unnecessary token economy.

So tossing chips into the game seems like a faux pas at this point. Unless they serve as in-game currency (which we already have without blockchain, just think of RuneScape’s gold coins), they really don’t add anything to the gaming experience. be more about cashing in on the crypto craze than making cool games.

That said, it’s worth noting that introducing blockchain technology into gaming isn’t a bad idea per se. The potential benefits, like giving gamers more ownership over their digital assets and creating new revenue streams, are definitely worth exploring. The real challenge is finding a balance between using those perks and keeping the focus on the gameplay experience.

Here’s the bottom line: The game is all about player experience. No matter how sophisticated or revolutionary the technology behind a game, if it doesn’t provide a fun experience, it won’t last. Right now, crypto gambling is struggling to strike a balance between pumping out tokens and providing a great gaming experience. Unless something changes, the future doesn’t look too bright.

But instead of seeing this as a blow to blockchain in gaming, developers should challenge themselves to find better ways to use this in-game technology that actually benefits players and makes their gaming experience even better.