Video games are considered to be one of the most popular and entertaining ways to mine and exchange digital currencies. If you’re not convinced, take the World of Warcraft as an example. Known as one of Activision Blizzard’s most played MMORPG, WoW is considered to be a high-grossing game despite being released last 2004.

Digital Gold Economy Feature

The game is well-loved not only because of its great concept and fun gameplay but also because of its option to trade in its featured digital gold economy. The concept got so big that not only does WOW follow it but other gaming companies as well. Bitmex Autotrader help moved the momentum of the currency within the gaming scene, leading to some heavyweights in the industry joining the ride. In fact, Steve Bannon, the former chief strategist of the White House, was once a board member of a legitimate trading market for MMO currencies. Together with Brock Pierce, the elected director of the Bitcoin Foundation last 2014, he ran the Internet Gaming Entertainment. Today, Pierce is now the chairman of its board and is deemed to be one of the most successful and richest people in Crypto Trading as reported by Forbes. 

Gaming industries that accept digital currencies are so lucrative. WoW, at its peak with over 10 million active members per month starting from 2007-2012, even tasked Chinese prisoners to mine. The collected gold was then traded in various platforms like Bitmex Trading and black markets such as IGE despite violating the game’s terms and conditions.

Introducing WoW Tokens

Luckily, Blizzard took this as a sign to stabilize digital trading. They introduced their players to the WoW Tokens where they can trade virtual gold for real money.    

While WoW Tokens are not the same are cryptocurrency on a technical level, these tokens can be easily misinterpreted, especially to average users. They have the same look and are spent in the same manner. Hence, other gaming companies wanted to integrate cryptocurrencies and blockchain technology into their systems. In fact, one game called AllMine has an actual mining program despite having an in-game currency. 

Mirrored Games

Allmine, as mentioned above, is not yet released. However, you can see in its teaser trailer that it’s just a mirror image of the game Candy Crush. While this is true, it’s not uncommon for game developers to create games with the same concepts.

Perhaps, to innovate these games and set them apart from each other, developers welcome the idea of incorporating cryptocurrencies in in-game currencies. While there is a likelihood that a game becomes a hit because it allows trading and mining cryptocurrencies, the chances are still slim.

It may have the same concept as the WoW Tokens, but it’s already proven that the gaming industry is a competitive and brutal arena. It may work out for some games, but surely, adding crypto into a game’s system is not enough unless novel ideas are added in.

Fortunately, this will allow game developers to think outside the box and rethink their ways on how to handle in-game currencies. For now, let’s brace ourselves to be deluged by a lot of game developers hoping to incorporate cryptocurrencies into games and make it into a trend.