With both communities consisting of deeply passionate and talented computer nerds at their very core, the worlds of gaming and crypto are destined to align. With the games industry a multi-billion dollar industry it’s inevitable we’ll see more blockchain integrations in the months and years ahead.
It's not just the playing of games that is such a booming business, the broadcast of ‘games as a sport’ is a huge up-and-coming industry with industry leaders Twitch.tv racking up over 700 billion minutes watched this year alone.
The geeks and nerds of yesteryear are the digital jocks of today with massive tournaments hosted year-round celebrating the talent and skills of the most dedicated gamers. With massive cash prizes on offer for winners of hyper-competitive gaming tournaments including League of Legends, Fortnight, Starcraft, Super Smash Bros, DoTA, and many more it makes perfect sense to the cryptocurrency industry to try and find a slice of the pie both on the game development side, but also in the more specialist Esports scene.
“Crypto and gaming have a natural affinity. Both were both born as rebellious outsiders from the computer revolution. Both are controversial and have fierce opponents.” Says Ai Infrastructure Alliance director Dan Jeffries. “It’s already happening!”
And he's not wrong, the rapidly evolving metaverse space is a clear example of how crypto and gaming crossover so seamlessly. With virtual worlds and virtual environments growing ever more in demand the idea of being able to own property in a digital form as part of your end game identity is becoming commonplace amongst gamers deeply integrated into the crypto scene. More gamers are asking for ownership over their in-game items in a more real and tangible way and the blockchain is delivering.
That's where esports come in, as well as the owner of holding a physical trophy having an immutable permanent representation of their victory on the blockchain immortalizes top ESport athletes’ achievements.
there was also the opportunity for fans to own a piece of the legacy of their favourite competitor with the possibility of commemorative digital merchandise similar to how we might have viewed baseball cards back in the day. Admittedly, a baseball card is fundamentally worthless as it's just a piece of paper, but to the right collector, the value can become astronomical with a 1952 Topps Mickey Mantle card selling for $5.2 million in 2021. It's not farfetched to think that esports stars of the modern day might one day have digital assets of their own with a thriving collector’s scene.