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Crypto gaming brings new opportunities to many globally. It is notable that the Bitcoin Lightning Network seems to be hailed as a game changer in this evolution of the gaming industry. Blockchain based games have brought the concept of Play-to-Earn (P2E) which allowed several gamers to make passive gains while doing what they admire to do. It is notable that these games are most often based on digital assets or Non-Fungible Tokens (NFTs) which the players can collect, buy, and sell. Following the craze, many believe that crypto gaming is the future.
Why does the crypto gaming industry soar?
These days, kids are hanging out in the metaverses to engage with their friends, listen to music, or play impressive games. These metaverses have become a much more profitable model for game developers, as it keeps their users engaged and always upgrades to compete with their friends. Indeed, our generation is moving towards a world where social signaling occurs among younger generations in the Metaverse through in-game avatars. Notably, GameFi has disrupted the model of the traditional gaming industry.
Earn Satoshis for playing online games
The potential technology allows the gaming industry to organically form itself. As the technology is open to all and permissionless it allows users to earn. According to some data, players from the Philippines are earning several times their usual salary by only playing games on Axie Infinity. Since the past year, the Bitcoin industry witnessed the entry of several crypto gaming platforms.
Lightning Network adoption would surge CHT growth
In the current time, there are several firms that have ignored that allows the users to bet with sats and receive their rewards quickly. As many of the platforms are stepping in the crypto gaming industry the hash power of BTC has declined massively. Hence, Bitcoin Lightning Network emerged to solve the issues and boost the transaction speed while reducing the.
Following the adoption pace of the sidechain, Paolo Ardoino, the CTO at Bitfinex highlighted that the mobile gaming ecosystem which is easier to access and may be to master has been growing exponentially with the adoption of the sidechain. It is significant that the sidechain has been playing a significant role.
Furthermore, Paolo explained that as more and more users are willing to earn their first satoshi using these platforms, he believes that the network could play a pivotal role in crypto gaming adoption. Indeed, the sidechain makes the platform more secure with almost instantaneous transactions and near no fees. Ultimately, the Lightning Network will prove itself to be a major force in propelling the next generation of gaming innovation.
