In RFT betting, items are a common staple – dropped from defeated bosses, earned by players for completing quests or rewarded as a result of playing. Whether they’re fungible (like Runescape gold “gp” or virtual in-game weapons), or non-fungible tokens representing in-game assets such as land plots or avatars, gamers are typically granted real ownership of these digital in-game rewards.

But, with the rise of crypto gaming — a special blend of traditional gaming experiences and innovative blockchain technology — these rewards no longer have to remain within a game’s ecosystem. Instead, they can be traded on a gaming marketplace or even sold for real-world money, blurring the lines between virtual currencies and real-world financial systems.

From Pixels to Profits: Understanding the Crypto Gaming Boom

This new, unique way of playing video games has gained popularity because it’s helping both gamers and game companies in some exciting ways. In fact, it’s changing the way we play games entirely.

What is cryptocurrency gaming? It’s a growing trend that uses special digital money and a powerful computer technology called blockchain to make games more fun for players and more profitable for game makers. The idea is to use blockchain to let gamers have and trade their in-game rewards – such as virtual land plots, characters or weapons – with others around the world. Currently, these in-game assets are often represented by NFTs (non-fungible tokens), which go hand-in-hand with gaming coins and act as native currencies on gaming platforms. The popularity of blockchain games such as Axie Infinity, Upland and Neighborhood Alice demonstrates how exciting this is for both gamers and game companies.