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kyoukage01

Cryptocurrencies and Online Games

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Right now, any company who wants to implement cryptocurrencies as a payment method (there is no withdrawal of virtual goods in video games!) in their games has two options. They either do it themselves and face the monetary penalties if the miner's fee goes up or they have to hire a third-party contractor to implement cryptocurrency payments. And besides, gamers aren't particularly interested in cryptocurrencies except for the concept of mining bitcoin ("cause everyone's going to get rich from bitcoin mining!" they hear on Youtube.)

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Why are you looking for another faucet in signatures like mine, cryptotalk is the best earnings site. 😉

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On 1/30/2020 at 1:35 AM, Rickso said:

a lot of games are using their own currency that can be bough with fiat currency, so yes to avoid fees they can start accepting cryptocurrencies but i think the gaming platform are not ready.

 

you can see what happen to fortnite and monero, they started accepting monero as payment but then epic games says that was an error LoL

Did something like this really happened? LOL, they must have smelled something that made them realize they won't profit from it much. If there is a news article particularly about it, can you share it with us?

 

On 1/30/2020 at 6:12 PM, teminalibug said:

cryptocurrency based games!! what do you mean by that exactly?

I think there was another thread about it... Oh, here it is:

https://cryptotalk.org/topic/15058-blockchaincryptocurrency-games/

I haven't tried them myself yet, though. Maybe if I get the time for it.

 

Edited by kyoukage01

 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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2 hours ago, kyoukage01 said:

I think there was another thread about it... Oh, here it is:

 

https://cryptotalk.org/topic/15058-blockchaincryptocurrency-games/

I haven't tried them myself yet, though. Maybe if I get the time for it.

 

So i those games you play and earn cryptocurrency, juts like how you collect coins on the temple run android game?

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16 hours ago, teminalibug said:

So i those games you play and earn cryptocurrency, juts like how you collect coins on the temple run android game?

I haven't tried it myself, like I said, but maybe it works like that. It may also work like earning virtual gold or its equivalent inside online RPGs which can be directly converted to crypto coins. BTW, I tend to play more RPGs so this "Sword and Magic EOS" game is kinda pulling a tug on me. I might try this one of these days when I feel like it.

 

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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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17 hours ago, BTC Future said:

Gaming is a huge industry and they should at least try developing games that are interconnected through blockchain and pass the control to the user. It is an undenyable fact that the items and gold the players are collecting should be actually owned by them and trade them or sell them if they want to. Companies behaviour is immoral and greedy in this market, as not only they ask for gamers to pay for the games up front and ask for monthly subscriptions, they also want to squeeze as much as possible by not allowing in game selling of items/gold and banning players that are using online markets outside the game. Instead they should be actively promoting trade of gold/items inside their games or in a blockchain market so players will be able to actually profit from the time they invest in the game.

On the hardcore gamers' side of things, this would make for unfair gameplay since it will only promote lazyness due to others opting to buy the items they want with real life money instead (usually with the money they didn't worked hard for from real life jobs, as is the case for minors), and will sometimes go on a crusade to discourage everyone else to buy/sell items outside the game, even going to such lengths as actively reporting item sellers to have their game accounts blocked.

 

On the companies' side, there are cases where gamers get scammed over items they've already paid for but haven't received, and proceed to complain at their Customer Support staff even though oftentimes they are not responsible for such things as stated in their EULA, and are obviously jaded at these complaints.

 

As a result, black markets for ingame items has sprouted. Anyone can guess what sometimes happens there, if they haven't experienced it already.

 

There are already some companies that actually promote selling ingame items and game gold/coins to real currencies, but right now this isn't the norm yet AFAIK.

 

If a solution can be found where everyone is satisfied with this issue, then online gaming would become challenging, fun AND profitable. It would be even better if this becomes the norm in the online gaming industry. Black markets would become irrelevant this way. And of course, cryptocurrencies can be used as a medium for transactions between one gamer on a part of the globe to another.

 

Spoiler

Hah! I can still spout sick lines even after this thread reached more than 10 pages! Take THAT!!

 

58 minutes ago, Yawar said:

I believe it too. But many big platforms like steam and epicenter are not allowing to buy their games and items using Bitcoin yet. I think they must allow crypto trading option and the both gaming and crypto industry will gain profit to each others.

One of their options would be creating their own crypto coin. They have a large number of player base so it might work. The main setback of this option would be whether or not those players will bite that notion. If it proves to be a success, those gaming platforms can become a gateway for gamers to learn more about cryptocurrencies.

 

Edited by kyoukage01
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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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The article is quite interesting, I also as a gamer would want to be able to buy games or items in the game using crypto currency directly. I think if run well, the project will succeed.


 

YOUengine-cryptotalk.png.2ca158a48ed925f2af8f14fc1863c423.png

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Actually I think online gaming world has risk. You have chance to loss your money. For this reason I don't like this system. But in my opinion if you work in this forum then you can get a good profit by this forum

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Both of them was Interrelated, for example, the preferred transaction tool used to make transactions for some items or services with other gamers is usually bitcoin or other crypto besides that the transparent ecosystem being another answer.

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On 11/13/2019 at 10:53 AM, kyoukage01 said:

Crypto currencies and online gaming seem like a match made in digital heaven. The burgeoning popularity of online gaming and esports has led to the creation of in-game digital currencies which could be a valuable addition to the virtual economies of popular online games such as World of Warcraft.

Yes this is future of the digital gaming and world there are many projects under developing with crypto currencies i see that the crypto currencies beat these flat currencies in online world .

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Now a days many young males and females wants to play games online and love to earn from game but I have no interest to playing games and earning from games. 

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Great information I have also seen many games which supports cryptocurrencies from where you can purchase any thing by the store using your Crypto coins which is very much easier and also useful for the game lovers who deals with Crypto coins.

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The use of cryptocurrencies in exchange for grand games or free games with paid features is very common, perhaps because processing payments using cryptocurrencies is very easy for residents of many countries who do not have bank accounts.

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It was good advertisement of using cryptocurrency with the use of gaming community because today many people are want to play online games and if they going to pay with the use of cryptos for sure they will enjoy the game while earning.good luck...

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Most online casinos use cryptocurrency not to mention some football online betting are switching or adding bitcoin as payment option as well.Populargames if create there own coin they will demandable like there game.Thiscan lead to have a greater adaptation to the both subject since it was the combination of profit and entertainment.howevergambling platform was one of the key sector for the cryptocurrency volume.

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While integration into video games is slow, it has a long integrated payment via cryptocurrency to streaming platforms, and for example I bought some subscriptions to Twitch with Litecoin such that the model will fit cryptocurrency sooner or later

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I prefer not to spread the use of cryptocurrencies in the field of games only, but in the field of money and the linking of useful technical networks in other areas where safety and transparency are important factors.

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16 hours ago, Shaza Ahmad said:

I prefer not to spread the use of cryptocurrencies in the field of games only, but in the field of money and the linking of useful technical networks in other areas where safety and transparency are important factors.

Why not? Cryptocurrencies shouldn't be limited to "the field of money and the linking of useful technical networks" as you said either. If there are areas where money can be used, we should try to make cryptocurrencies not lose to the fiat.

 

14 hours ago, OldBangS333 said:

Usually gamers are young teenagers that are up tо date with all the new technоlogies. I also know a few gamers who know what bitcoin is and actually use it. Hopefully gamers could also start getting paid in cryptocurrencies at tournaments

That would be a great idea. But for now, converting your tournament winnings into crypto would be basically the same thing (you just have to convert it yourself though) if you plan to fiddle around with it in trading, investments and the like.

 


 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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14 hours ago, kyoukage01 said:

Why not? Cryptocurrencies shouldn't be limited to "the field of money and the linking of useful technical networks" as you said either. If there are areas where money can be used, we should try to make cryptocurrencies not lose to the fiat.

 

Because as we see in the current period, the use of cryptocurrencies in games and gambling has spread more than any other field, and the blockchain technology can be used in many areas. The level of security offered by Blockchain does not exist in any other technology, so why waste this great technology on games and gambling? And do not benefit from its wonderful features.

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10 hours ago, Shaza Ahmad said:

Because as we see in the current period, the use of cryptocurrencies in games and gambling has spread more than any other field, and the blockchain technology can be used in many areas. The level of security offered by Blockchain does not exist in any other technology, so why waste this great technology on games and gambling? And do not benefit from its wonderful features.

I still think it is a waste to not use crypto in other applications. Online gaming is surely just one of those things, and there are plenty of other fields where blockchain technology can be applied. It just so happens that some of the folks who work on developing crypto may have also played computer games in one way or another; and they may have an inkling that online gamers, most of which are techno savvies as well, would be more open to the idea of applying crypto to online gaming than most other fields of expertise.

 

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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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On 11/13/2019 at 3:18 PM, Khan said:

May be but this will be the new revolution in the Crypto World and also i the gaming world and it will increase the users of the game players.

That's right. 

Same opinion here and in addition many alt coins that really offer payment for game items by the means of cryptocurrency. 


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I was anxious because it already happened, although there are already RPG games that, their coins or gold are commercial, they do not have cryptocurrencies if they incorporate the crypto world and the games this would be heaven, you could earn money while you are distracted even though you do not have to leave out the  trade that trains us psychologically.

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I think cryptocurrencies and online gaming seem like a match made in digital heaven. There are huge numbers of gaming platform in this world which are currently following the cryptocurrency technology. I believe the integration of cryptocurrencies into video games may make perfect sense for gamers.


 

 

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A lot of gaming apps and devices are allowing crypto currencies as their purchases. That's how they are actually evolving the network into the crypto currencies. The gaming sector is actually quite spread all over the world. That's why maybe they did the right thing to combine the crypto as their purchasing medium. Soon all the apps will also use the idea. 

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I don’t know who has cryptocurrency mixing for electronic games. But it is a good idea, and I liked the tastier from the users, and the tad started from the developers by imitating the idea and merging it with their applications to attract new users. I've never relied on her because she's just wasting time, even though she's lazy I do not mean to insult anyone


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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    • We Unchain Real-World Assets Onchain Empowering Investors with Real-World Assets & Real Yield TVVIN is an accessible ecosystem that empowers investors in the Real-World Asset (RWA) Market. Through our omni-chain Platform, investors gain transparency and trust when investing into diverse assets starting with gold, silver, platinum and palladium and thereafter expanding into other asset classes. The TVVIN Platform offers access to tokenised assets in unit sizes that are affordable and made available to anyone, anywhere, democratising accessibility and providing easily tradable and liquid positions, that are instantly settled and securely recorded on-chain.  TVVIN has developed a unique model whereby digital RWA Yield Vaults offer new financial passive income potential that's able to provide advanced ways investors monetise their static assets.  The TVVIN Platform enables a more stable and secure option for market participants seeking stability, while enjoying growth opportunity simultaneously. Own Real-World Assets & Earn Real Yield TVVIN’s RWA Yield Vaults allow holders to digitally vault their RWA tokens, such as gold, for a specified period and earn yield. In order to vault RWA tokens, a corresponding and required amount of TVVIN's utility token, $TVVIX must also be vaulted. Upon withdrawal of the RWA tokens from the vault, this corresponding amount of $TVVIX will also be released, along with a yield paid in $TVVIX which can, if wanted, be exchanged into more RWA tokens. The yield is generated from putting the underlying assets to work using low risk financial instruments.  Legacy Meets Liquidity TVVIN introduces TVVIN Gold ($VVG) as its inaugural RWA-backed token. The gold is investor-grade, LBMA-Certified, and securely vaulted in the highly desirable Channel Islands jurisdiction in the vaults of our financially regulated and audited precious metal partner. TVVIN also has access to other precious metals such as silver, platinum, and palladium, which will be tokenised in quick succession after launching our gold token. Other asset classes will follow, and $TVVIX token holders will have a unique opportunity to both propose and vote on onboarding new tokenisation projects through the TVVIN DAO. By integrating desired assets and creating a digital twin of these on the blockchain, TVVIN establishes a transparent and efficient environment for trading and investing in RWAs. ROADMAP TOKENOMICS The TVVIN utility token, $TVVIX, is a deflationary token that both enables the RWA Yield Vault Functionality and allow for governance participation, mainly in proposing and voting on new tokenisation projects. Part of all Platform transaction fees are used to buy $TVVIX off the market, where it is burnt, contributing to the deflationary aspect of our token design. TOKEN UTILITY Functionality of $TVVIX Leverage TVVIX tokens give access to our vaults, where holders can deposit and farm their RWA tokens for yield. The $TVVIX requirement corresponds to deposit size. As demand for RWAs rise, so does demand for TVVIX. As we further develop the platform, further planned functionality will be announced. Governance TVVIX token holders have decision making power, proposing and voting on changes to the TVVIN platform as well as funding initiatives for community projects and further RWA-backed tokenisations.  Staking Holders can stake their TVVIX tokens, contributing to network growth and earn rewards, increasing their token holding. GOVERNANCE Power to the People TVVIX token holders will have the ability to propose changes, and vote on governance proposals related to the development and direction of the platform. This includes decisions on network upgrades, changes to the tokenomics and fees, and the addition of new RWA tokens. $TVVIX token holders who participate in governance proposals will be rewarded with $TVVIX tokens. The exact amount of rewards will depend on the number of tokens staked by the user and the outcome of the governance proposal. By empowering our community to participate in the decision making process, TVVIN creates a more democratic and inclusive ecosystem that serves the needs and interests of all TVVIN stakeholders. We believe that a community driven approach is instrumental in achieving our vision of democratising access to real-world assets and disrupting traditional financial markets for the better. HOW CAN I GET $TVVIX? Private & Public Sale There are two current ways to get hold of $TVVIX. We are currently conducting a Private Sale and we will also have a Public Sale in early Q3 together with launchpads.  TOKEN SALE https://docs.tvvin.com/tvvix-token/how-can-i-get-usdtvvix/token-sale For more information about TVVIN, please visit:  • Website: http://tvvin.com/  • Telegram: https://t.me/TVVIN_RWA  • Twitter: https://x.com/TVVIN_RWA  • Discord: https://discord.com/invite/VxerJqkkZ4  
    • Итак. Вы решили подключить на свой сайт платежку и столкнулись с вопросом: какие бывают платежные шлюзы?   Все платежные решения можно разделить на 4 категории. Первые 2 категории достаточно трудны в реализации и их использование может вызвать лишь дополнительные проблемы, но проигнорировать их мы не можем:   Собственная платежная система   Это, пожалуй, самое трудно в реализации решение. Без своей команды разработчиков, которые создадут и будут поддерживать платежную систему, не обойтись. При этом придется разобраться в огромном количестве тонкостей этой сферы. На выходе, попытка сэкономить на комиссии готовых решений обернется еще большими расходами и потерей времени. Подойдет, пожалуй, только для очень крупных компаний со своим штатом разработчиков.       Платежный шлюз от местного банка   Крупные компании, работающие в одном регионе могут смело подключать шлюзы от банков. Если же компания работает в нескольких регионах, такое решение будет не лучшим, так как для каждого региона придется подключать отдельный банк, а это накладно и с точки зрения разработки и с точки зрения времени, потраченного на сбор документов и открытие компаний в каждой стране присутствия.     А вот оставшиеся два варианта – это то, чем пользуются компании из разных стран и работающие в разных направлениях: от сервисов по приему СМС и продаже цифровых товаров, до крупных Gambling и Betting-компаний, которым нужно быстро и четко обрабатывать платежи из разных стран.     Внешний шлюз   Отличное решение для компаний, которые работают в нескольких регионах, либо по какой-то другой причине не могут, или не хотят подключать шлюз от банков. Именно это решение в последние годы использует большинство представителей мелкого, среднего и даже крупного бизнеса. Оно наиболее простое и подключить такое решение можно в считанные дни.       Встроенный по API шлюз   Второе по популярности решение. Оно смотрится максимально органично для покупателя, ведь все действия будут происходить в рамках одного сайта, без лишних редиректов. Но в данном решении продавцу придется самостоятельно разработать страницу для приема платежей, подключить обработку платежей через API платежного сервиса, а также позаботиться о сохранности платежных данных, если они будут собираться в рамках выбранного платежного метода.     Кстати, оба варианта доступны в процессинговом сервисе MoneyGate. Подробнее на сайте: Moneygate.biz
    • CryptoNews of the Week     – The Republican candidate for the upcoming US elections, Donald Trump, has declared his intention to become the "cryptocurrency president." Speaking in San Francisco, he presented himself as a defender of digital assets and criticized Democrats' attempts to regulate the industry. According to Reuters, Trump raised $12 million for his campaign at an event for venture capitalists from Silicon Valley, organized by Chamath Palihapitiya and David Sacks at Sacks' mansion in the Pacific Heights area. Media reports indicate that executives from the crypto exchange Coinbase, the founders of the Gemini trading platform, Cameron and Tyler Winklevoss, and other industry representatives were present at the event. Intercom CEO Eoghan McCabe shared on X about his participation: "I spoke with six people there. None identified as Republicans. All had voted for or donated to Democrats in the past. Now they support this guy [Trump] for his policies on war, immigration, cryptocurrency, and more. These elections are a referendum on these issues."   – The attitude towards cryptocurrencies will be a key difference between the candidates for the US presidency, Donald Trump and Joe Biden, though neither understands the topic. Billionaire Mark Cuban stated this: "Do you really think [Trump] understands anything about cryptography beyond making money from selling NFTs? Neither candidate understands. But I've often said that Biden will have to choose between [SEC Chairman] Gary Gensler and crypto voters, or it could cost him the White House."  Discussing the upcoming elections on X, ASI crypto-lawyer Preston Byrne noted that Trump's crypto policy is "actually very substantial and well thought out, while Biden's approach is insane and punitive."   – The "Intelligence Authorization Act for Fiscal Year 2025" was submitted to the US Senate on 3 June 2024. On 5 June, Senator Mark Warner's strategic amendment to this bill was published on the social network X, granting the US president new broad powers. This allows the president to "prohibit any transactions between any person under US jurisdiction and foreign intermediaries in digital asset transactions."  Financial lawyer Scott Johnsson criticized the law due to its wide scope. He sees it as an attempt to control digital assets under the guise of fighting terrorism, as the amendments added by Warner are borrowed from the Anti-Terrorism Financing Act.   – Late in the evening (CET) on 12 June, the FOMC (Federal Open Market Committee) of the US Federal Reserve will decide on the dollar interest rate. Historically, such decisions have always significantly impacted bitcoin's price. In this regard, ChatGPT-4o AI was tasked with forecasting BTC's price based on technical analysis and financial analysts' assumptions.  According to the AI, bitcoin will trade in the $68,000-73,000 range. However, a rate cut or hints of an upcoming reduction could push BTC beyond this range. In this unlikely economic scenario, ChatGPT-4o predicts the leading cryptocurrency will trade between $73,000 and $75,000 or higher.   – Over the past few days, the crypto market leader has lost nearly 10% in value. Many experts believe this is due to investors' concerns that US inflation will remain high for a long time. Under such conditions, a quick easing of the Federal Reserve's monetary policy is unlikely. Enthusiasm was also dampened by the fact that spot bitcoin ETFs broke a 19-day streak of investment inflows. On 11 June alone, industry funds lost nearly $65 million. MN Capital founder and analyst Michaël van de Poppe noted that investors are acting more cautiously ahead of the FOMC meeting on 12 June. He does not rule out that seller pressure will persist in the near term. Under such conditions, bitcoin could correct to $65,000. However, van de Poppe does not expect a deep price drop, as significant liquidity is concentrated around the $60,000 mark, indicating strong support, and positive dynamics could be supported by geopolitical instability.   – Traders note that "digital gold" has recently been trading within a narrow range of $66,000 to $72,000. One popular market participant considers the lower boundary an ideal entry point, while entry at the upper boundary carries high risk.  Despite recommended caution, over 70% of the crypto community participants in several surveys believe BTC is on the verge of continued growth. For example, a trader nicknamed Captain Faibik is confident that bitcoin is preparing to break out of the "expanding wedge" technical analysis pattern. Breaking above its upper boundary, in his opinion, will open the way for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer.  Community participants also point to the activity of large investors as a sign of BTC's growth potential. Whales, according to crypto industry representatives, are actively taking long positions in bitcoin. Cryptoquant CEO Ki Young Ju noted that the $69,000 level has become particularly attractive for large investors.   – By the end of 2024, the first cryptocurrency will be worth between $125,000 and $135,000, according to BitGo CEO Mike Belshe. He believes that one of the catalysts for bitcoin's growth will be the high level of US national debt. "Our macroeconomic climate continues to confirm the necessity of bitcoin. Without a doubt, the US national debt is out of control. […] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.  He also noted that the US dollar is losing its position as the world's reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a tool for manipulation. "Thus, the US national debt crisis is one thing, foreign policy and sanctions control is another. And BRICS is providing alternative payment systems. […] This is the story of why bitcoin exists," he concluded.   – The new Binance CEO Richard Teng, who succeeded Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the launch of spot BTC-ETFs traded on stock exchanges. This has strengthened trust in the asset, and retail traders and institutions no longer perceive it as risky. The Binance CEO also suggests that cryptocurrency legalization is possible if Donald Trump is elected president of the United States. Declaring himself a "crypto president," Trump stated in May that the US should lead the global crypto industry.   – The self-proclaimed first resident of Bitcoin City, American Corbin Keegan, left El Salvador without seeing his dream city begin to take shape. In November 2021, El Salvador's President Nayib Bukele announced plans to establish a crypto settlement. Upon hearing this news, Keegan left Chicago and headed to the South American country to become Bitcoin City's first resident. However, his patience eventually ran out, and he returned home.  The project's implementation was likely frozen due to a lack of funding. Bukele wanted to raise the necessary funds through the sale of "Volcano Bonds." These securities were planned for release in Q1 this year, but for various reasons, they did not see the light of day. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Cardano Node 9.0 будет запущен в июне и подготовит платформу к форку Chang   Cardano Node 9.0 будет запущен в июне. Это обновление подготовит платформу блокчейна к долгожданному форку Chang. Основатель Cardano Чарльз Хоскинсон сообщил об этом событии на X. Хоскинсон отметил, что хардфорк может произойти после того, как 70% операторов стейкингового пула (SPO) установят новый узел. Это приведет Cardano в эпоху Вольтера, ознаменовав состояние полной децентрализации — огромную веху для сети и всей индустрии блокчейнов. Хоскинсон назвал это самым значимым событием в истории Cardano.   Хоскинсон описал путь развития за последнее десятилетие, заявив, что создание Cardano было похоже на строительство нации. Он выразил гордость за сообщество и оптимизм на будущее. Хоскинсон считает, что Cardano дает надежду отрасли и всему миру, и призвал всех оказать значительное влияние в следующем десятилетии. Три дня назад основатель прокомментировал несоответствие между восприятием СМИ и реальным прогрессом Cardano. Он раскритиковал криптовалютные СМИ за непризнание достижений Cardano.
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