August 29, 2019 IBOMLLC Team

Why Cryptocurrency and Video Games Go Hand in Hand

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The global video gaming industry continues to enjoy impressive annual growth figures and it is tipped to be worth $300 billion by 2025. It has firmly established itself as the world’s most popular entertainment medium and it is extremely alluring for entrepreneurs from all walks of life.

It is therefore easy to see why cryptocurrency pioneers are keen to pile into the gaming sector, and they have a great chance of success. It is also an innovative industry, at the forefront of technological advancements, and gaming executives have been major players in initial coin offerings. Cryptocurrency and video games go hand-in-hand, and they have the potential to flourish in tandem in the years ahead.

Digital Coin Pioneers

Developers and publishers have been using their own digital currencies for in-game purchases since the early 2000s, so gamers are already blessed with an innate understanding of cryptocurrencies. It was a natural development from Sonic the Hedgehog gathering rings and Mario headbutting his way to securing coins.

Asian studios pioneered the in-game microtransaction model in the 2000s and Riot Games brought it into the mainstream in western culture with the launch of …read more

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