Mobile Gaming And Crypto Should Become One
Mobile games are now as popular as console and computer games. This is mainly due to the technological revolution in the mobile industry. Crypto, by the way, is gaining influence in the same space. Sharing similar online and communication elements, it's only a matter of time before the two completely overlap.
But is it just about having tangible gaming assets? Or do you invest time in the game? Whichever direction the two take, the reality is that an interconnected future is very real and achievable in the years to come.
Because cryptocurrencies and mobile games go hand in hand
Simply put, cryptocurrencies and mobile games share an open network framework with multiple real-time users, a virtual space that represents the economy and runs through its inner workings. This is the main reason why cryptocurrencies and mobile games can be one.
The breakdown of this main relationship would be the following sub-factors:
1. Transparency of transactions
Online MMO games can give multiple users access to all transactions and purchases made on the medium. This is especially true for mobile games which have an automatic economy adjustment system that responds in real time and on demand. This not only makes it easier for players to find their virtual items, but also allows them to prioritize actions based on the best "benefits".
Resources are also shared, although they are inherently limited for each game. We have yet to see the implementation of actual properties between titles. But that doesn't mean it won't be possible in the next few years.
2. RMT Community
RMT or real money trading is essentially the equivalent of cashing in your virtual assets in mobile games or online games in general. Developers tend to be strict when it comes to RMT, often imposing restrictions or bans on everyone. This is understandable because most of the game's wins are one-sided and the parties involved in RMT don't include anyone in the management ranks.
Since the cryptocurrency itself is considered a transparently usable currency, this is not a problem as "RMT" can be directly cashed in without any problems. It is not restricted or limited in any way, other cryptocurrencies are also directly accessible.
3. The possibility of integrating universal exchange systems
But even if forex or wealth trading is currently limited to mobile games, the promise of integrating universal trading systems is still seen as an opportunity. For example, a new game in the same franchise might be able to share some of the same merchandise, enticing old players to try a later game for the first time without completely alienating new ones.
With the integration of cryptocurrencies, this is of course very easy. In fact, some of the inventory reward systems from the previous topic can also be partially implemented. This accelerates value creation and players expect the same level of currency loop in a new title.
Crypto Mobile Gambling Challenges
While many traditional game companies have embraced crypto transactions, barriers to combining mobile games and cryptocurrencies remain. And this is mainly due to the following issues:
1.Interaction
Although the cryptocurrency itself may be universal in different blockchain networks, the actual interaction of the game uses this kriptovalyutnogo only for the native currency used in the game. Otherwise, it is a tangle of different variable values which can have absurd gaps between them.
Another issue is the aforementioned two-game mode. Since we can assume that both are using the same in-game cryptocurrency, special restrictions must be imposed to provide exchange value between two securities with different assets. This way, if loopholes are not handled properly, they can be abused again, which will lead to the destruction of the volatile cryptocurrency price.
2. Possible instability
Worse than wealth management, the potential instability of cryptocurrencies themselves can cause entire virtual markets to collapse and race towards recovery. The most famous (for games in general, not just mobile games) was the Axie Infinity hack incident, which resulted in the loss of over $620 million in net gaming assets and cryptocurrency. cash. As a result, hundreds of thousands of players suddenly lost their hard-earned money, some in huge debt through their own fault.
Unless dealt with quickly and effectively, cryptocurrency instability will eventually escalate into a mass exodus from the gaming community. After that, it continues until the end of the game. Without the assurance that such situations will not occur, the integration of cryptocurrency and mobile gaming can still be a pipe dream.
3. Implementation of NFT
A long list of successful NFT implementations over the past two years has completely tarnished their public reputation. NFT itself as a "realistic" virtual resource concept is not bad. But creating game NFTs through systems that are internally controlled or driven by fraud and deception can be difficult for even the most sensitive developers.
However, no effective way to convert traditional MMO virtual assets to NFT has yet been found. What if the item is a speculative asset that does not perform as originally intended? How do you assess the intrinsic value of NFTs sold out of play? What about low value items that exceed the trade limit but are still considered virtual "goods"? Can these be clearly defined as NFTs? There are still many questions to be answered.
4. Regular players
What do regular gamers earn by playing cryptocurrency-based mobile games? If they represent the global gaming community (63% in the US alone), will a mobile crypto game have a significant impact on its adoption rate?
The current dominance of crypto games such as Decentraland and Battle Infinity indicates a trend towards collaboration and community building, so at least the topic of game development has already been touched on. In terms of technology investments, a mobile crypto-game must respect the user's time and effort and allow the accumulation of game time and crypto-assets.
On the other hand, the iGaming industry is a segment of mobile crypto gaming that may have advantages for casual gamers. Most legitimate online casino industries and their providers require these player profiles. Those who download it once a week to have fun and have fun without investing too much in game mechanics. Newly launched bitcoin casino brands can start building a proper mobile app with an underlying blockchain foundation, this which is not much compared to pure FIAT online casinos. Instant data sharing and real-time money transfer greatly enhance players' live bitcoin blackjack gaming experience.
Why anyway...
5. It should be fun, not efficient
At their core, mobile crypto games are still interactive entertainment. Completing daily missions shouldn't be a chore because you need to track your crypto earnings. Because at this point it's not considered a game, it's pretending to be a full time job. More importantly, it rivals dedicated video games in terms of complexity. A higher repetition rate means higher acceptance.
Gambling alone is time-wasting fun and investments build at its own pace. This will help create a better gaming community and by default you will play rewards for enjoying the activity you already love. Everything points to a stable economy and healthy cryptocurrency activity.
Developments that integrate cryptocurrencies and mobile games
All crypto games have grown rapidly over the past decade. In 2022, the block game market has already reached $5 billion. Of course, this is mainly due to crypto games.
However, since the number of crypto MMO games has increased significantly in recent years (about 1,500 in July 2022), we cannot ignore this part of the market growth.
This is particularly true in the P2E market, where the dream of a fully profitable “legal RMT” system for all players is still a concept for many enthusiasts.
A real mobile crypto game?
As for the actual penetration of cryptocurrency and blockchain technology in the mobile market in general, its implementation is still platform-based. You can play a version of the P2E crypto game on a smartphone or tablet.
For example, Axie Infinity, MOBOX, and Splinterlands can be played in the browser, but have been switched to versions available on Android and iOS devices. Imagine something like Genshin Impact (cross-platform), but using cryptocurrency instead.
Usually, this is technically enough to qualify as a "mobile crypto game". But since we're more focused on the handheld side of the market, a direct gaming competitor like the Nintendo Switch is probably the best long-term target. So, in theory, we would like to see more crypto games like STEPN (at least in terms of availability), which are only available on mobile platforms.
Mobile Crypto Gaming Standardization
Engaging casual gamers in mobile crypto games is another challenge, as cryptocurrency as a whole has a negative reputation for covering many hacks and scams, as well as numerous NFT scams. However, the point is that these concerns should not be taken hysterically as long as you support cryptocurrencies like Ethereum Classic or Bitcoin.
The downside of mobile crypto games is that while the "mobile" part is meant to suggest a loose and relatively relaxed pace, many P2E crypto games aren't fun to play. Incentives continue to fuel revenue, and the game's skewed balance will only add to the frustration of many players. Even today, despite being similar in concept to Axie Infinity, it is still considered a "teaser" crypto game, only for those who really love the collection system.
Another fundamental problem is that the P2E model itself is still riddled with shortcomings, the most significant in recent years being security and regulation. While most cryptocurrency games have historically had strong tokenomics models, they have often lacked the creativity to attract newcomers as a game (rather than a profitable medium), which is essential for build a solid and loyal player base.
Of course, many companies trying to claim their share of this ever-growing market have recognized this and made efforts to differentiate themselves. My Neighbor Alice, for example, aims to be more of a Stardew Valley game (at least in theory), trading NFTs and cryptocurrencies.
Can we expect a "real" mobile crypto game now?
2023 brings us another collection of "mobile" crypto games that can be played on your phone or tablet. Again, however, much of this seems to be done by promoting Tokinomics rather than presenting it as an actual game. Some of the best, like my neighbor Alice mentioned above, aren't available on mobile, only in browsers.
So right now the prospects for a real mobile crypto game are not really high. But if cryptocurrency gains traction as a common law of value for ordinary people in the near future, the possibility of integration with mobile games like Blue Folder or Call of Duty should soon arrive.
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