Gaming and cryptocurrency are on a collision course – one which heralds a groundbreaking era where digital assets and entertainment are seamlessly intertwined.
Blockchain technology has shown no signs of slowing down since its initial foray into the gaming ecosystem, and it has introduced a host of unprecedented opportunities for both players and developers.
It has become the backbone of crypto, and this technological ingenuity now allows gamers to own, trade and monetise their in-game assets.
The transparent nature of blockchain offers gamers real ownership and transparency while developers can also create new economic models that improve player engagement.
The synergy between gaming and crypto is primed to be a game changer, ushering in a virtual economy that creates a decentralised and improved gaming experience.
Gaming companies across the globe are already tapping into this phenomenon that promises to take crypto-gaming to unprecedented heights.
Web3 Gaming Giant Offers $50 Million Bounty in ‘Main Quest’ program
Immutable is widely recognised as a prominent player in the Web3 gaming sector, and they have made a considerable move by securing $50 million in token rewards for a quest program.
The ‘Main Quest’ program is designed to reward players for exploring the exciting world of Immutable’s gaming ecosystem.
Immutable collaborated with Digital Worlds Foundation for this game-changing move – a partnership that signifies a shared goal towards decentralisation, growth and security within the blockchain gaming sector.
The program rewards players for exploring their vast gaming platform, which boasts over 270 titles, catering to a wide range of genres and interests.
The Immutable ecosystem has some of the most high-profile gaming projects within the blockchain domain. Illuvium and MetalCore are just a few highlights within the ‘Main Quest’.
Players stand to earn valuable rewards from the program by participating in various activities, such as completing quests and owning collections on the platform.
This move is a strategic gambit from Immutable. They are out to strengthen their position as a top destination for games, and a rewards program goes a long way in realising their ambitions.
Oasys Partners with SBINFT to Fuel Crypto-Gaming in Japan
Immutable isn’t the only platform making major moves in the crypto-gaming sphere.
Blockchain network Oasys have also joined forces with SBINFT Market, a major Non-Fungible Token (NFT) marketplace backed by the prominent Japanese financial group SBI. The partnership aims to boost the growth of crypto-gaming within Japan.
Oasys are already attracting attention from industry heavyweights such as Ubisoft, Bandai Namco and Sega, so an expansion within the Japanese gaming market is only a matter of time.
The collaboration also unlocks new opportunities for developers building on Oasys. SBINFT market has integrated assets from Oasys’ core blockchain network and its scaling solution to expand upon their initial integration with Oasys’ HOME Verse.
This essentially means Oasys developers can now sell their approved NFTs directly through the established SBINFT platform.
The move is a game-changer for players and developers who will be exposed to broader opportunities for monetisation and engagement within the gaming space.
However, not just any NFT can be listed on SBINFT. Only those created by authorised artists and approved Oasys partners will be eligible for sale. The rule ensures quality and potentially boosts the value of NFTs within the Oasys terrain.
The SBINFT market offers a diverse range of tokenised assets, including digital art, music, in-game items and even event tickets. Transactions can be conducted using both cryptocurrency and traditional credit cards, making the platform accessible to a wider audience.
Notably, SBINFT also supports NFTs built on popular blockchains such as Ethereum and Polygon, showcasing its commitment to interoperability.
Australia Poised for Crypto Boom in iGaming
The emergence of crypto-gaming is also impacting the iGaming and sports betting sectors worldwide.
The shift is particularly evident in Australia, with several platforms embracing crypto to cater to a tech-savvy audience and offer fresh experiences for both users and operators.
That trend is exemplified by the recent launch of OKX, a major global crypto exchange service, in Australia. OKX allows users to directly deposit and withdraw Australian dollars (AUD) across various platforms, including betting sites.
OKX’s arrival showcases the growing mainstream acceptance of digital currencies. For Australian bettors, this translates to a new world of convenience, allowing for faster processing times, lower fees and improved privacy thanks to crypto’s decentralised nature.
Several betting sites in Australia already accept crypto as a form of payment, but more are expected to jump on the bandwagon with the emergence of OKX, as it offers up to 85 tokens, including Bitcoin, Ethereum and USDT.
Australian bookies will increasingly seize the opportunity to adopt crypto payments as a way to attract new demographics and potentially stand out in a highly competitive sector.