A Brief History of Crypto Gaming
By: The Crypto Prophecies
Tags: Gaming, Blockchain Game, Nft, Nft Collectibles, Cryptocurrency

If you drew a Venn Diagram showing the crossover between gaming enthusiasts and cryptocurrency investors, there would be a significant mutual middle section. When cryptocurrencies first began to enter the public consciousness, the gaming community were some of the earliest adopters.

Cryptocurrency democratises investing and trading; tearing down the barriers to entry that you would normally run into if you wanted to trade on the stock market. As such, it created the environment for tech-savvy investors to cut out their own space in the investment world.

The Crypto Prophecies is one of the latest, and most highly anticipated blockchain games on the market. But how and when did crypto gaming first come about? Here, we take a look at what blockchain gaming is and take a brief look at its history.

What is Blockchain Gaming?

As the name suggests, blockchain gaming is a term to describe games that are hosted and operated on blockchains such as Ethereum. Blockchain games are distributed via open-source programs and provide gamers with the opportunity to own their in-game assets in the form of NFTs which are bought and traded using the user’s cryptocurrency wallet. The introduction of NFTs as an asset differs from the ‘soft gold’ that you may have encountered on most other mobile, PC or console games.

As blockchain games are decentralised, they are also democratised. These games belong to the people who are trading assets within them. Blockchain gamers form a co-operative of sorts; they own the game through their involvement in it rather than being ‘owned’ solely by the developers.

Early Blockchain Games

CryptoKitties

CryptoKitties is one of the earliest incarnations of what is considered a blockchain or crypto game. In 2017, CryptoKitties introduced the concept of unhackable, unique assets that are bought, sold, and traded in-game. The premise of the game was to breed and sell virtual cat NFTs for cryptocurrency. One cat reportedly sold for over $100,000!

HashCraft

HashCraft, created by gaming institution Ubisoft, is a creative, sandbox game in which players parachute into a randomly generated island and begin crafting their own world. An island then goes public and is shared across the blockchain so that everyone can explore them. You can set challenges for explorers of your island to complete, which can see either you or them win cryptocurrency.

Botwars Ultimate Trading

Created by the team soon to bring you The Crypto Prophecies, Botwars sees you leading an army of robots to conquer the in-game trading markets. You can win real cash and crypto prizes and equip your robots with a vast range of weapons, shields and ammo. Botwars is currently being extended to offer ingame cryptocurrency for wagering in pvp and the ability to buy and own robots and weapons as NFTs.

Axie Infinity

Released in 2018, Axie Infinity is one of the most popular blockchain games on the market. The game seems to be peaking in popularity and is currently raking in huge sums of money. In Axie Infinity, players collect, breed, trade and battle creatures called Axies. These creatures are digitalised as collectable NFTs.

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