The Complete Guide to Crypto Games


If you enjoy gaming, then you can’t have missed all the discussion about crypto games. These new entrants in the gaming world allow players to not only enjoy the challenges of the game, but also offer the opportunity to earn money at the same time.

But, as with any new entrant to the tech world, crypto games comes with a whole number of abbreviations and new jargon. So, to help you get your bearings, we’ve put together this guide to give you all the information you need to get started.

What is the blockchain?

The blockchain is an incorruptible digital ledger of transactions organized in batches of data called “blocks.” These blocks are entwined with cryptography to ensure the security and integrity of the network.

Blockchain technology has many applications outside of cryptocurrencies, including supply chain management, banking, voting systems, stock trading/investing, asset transfer/creation/remittance, insurance claims processing and forecasting models, business automation through smart contracts, and decentralized computing.

What are cryptocurrencies?

A cryptocurrency (or cryptocurrency) is a virtual or digital currency. It works as a medium of exchange using cryptography to secure transactions and control the creation of new units.

What is a cryptocurrency exchange?

An exchange allows the conversion or trading of one cryptocurrency for another or for fiat currency (USD, Euro, etc.). In order to buy or trade cryptocurrencies, you will need to set up an account with an exchange.

What is a cryptocurrency wallet?

A cryptocurrency wallet stores the public and private keys that can be used to receive or spend cryptocurrency. Public keys act as a currency address. A private key is similar to an ATM PIN code; It should never be given away to anyone, including cryptocurrency exchanges like Coinbase.

Some of the wallets available include hardware wallets; desktop/mobile wallets; web wallets; Paper Wallets and Brainwallets (also known as memorized secret).

What is DAPP?

DAPPs are decentralized applications that run on open source software. The main difference between a DAPP and an app is that no centralized server hosts the DAPP, which makes it more secure than traditional apps.

Blockchain games vs. Traditional Online Games

A blockchain game is a video game that incorporates an element of blockchain technology into its gaming platform. For example, there are games like CryptoKitties, which feature digital pets stored on the Ethereum blockchain. Blockchain gaming generally falls into two categories: Casinos and Gambling; and non-casino games.

Blockchain game mechanics

On June 4, 2018, Enjin Coin launched the first decentralized virtual goods marketplace for blockchain gamers. The Enjin Smart Wallet is currently available on Android and iOS. Supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), all ERC-20 tokens and ERC721 collectibles (Enjin has its own ENJ token).

The Enjin CMS now allows game developers to programmatically create unique, ownerless items on demand using smart contracts, which are then stored in an off-chain database for fast build time. Developers can also define custom events that instantly transfer items between players without the need for an administrator to execute the transaction. This, in turn, makes the game more fun and unpredictable.

Types of Blockchain Games

A blockchain game (previously known as a crypto game) is a video game that incorporates an element of blockchain technology into its gaming platform. For example, there are games like CryptoKitties, which feature digital pets stored on the Ethereum blockchain. Blockchain gaming generally falls into two categories: non-casino gaming and casino and gambling.

non-casino games

Blockchain games can be separated into non-casino games and casino/gambling games. Non-casino games include Etheroll, Ethermon, CryptoCities, Chibi Fighters, Godzillionaire, Etherbots, and Blockchain Cuties. Many of these games use a single token or currency that is required to play.

cryptokittens

CryptoKitties is an online game that launched on Thanksgiving Day 2017 and has become one of the most successful blockchain games in the world. The objective of this game is to collect, breed and sell virtual cats.

Each cat has a unique set of attributes (or “attributes”), which makes each cat rare or common. There are four billion possible combinations, so there’s no question why users would want to collect these kitties.

The CryptoKitty trading market has been booming in recent months, with some trading for over $100,000! If you’re wondering how much money a digital kitten could be worth, take a look at the third highest seller on the market: Genesis. This cat sold for 246 ETH (or $110,000), which is about double what most new cars cost these days!

CryptoCities

CryptoCities is a dapp game where users can buy virtual land on a decentralized platform. Owners then have the option to place different types of buildings on their property that will generate income based on certain factors, including time, level, and location. For example, you could buy a piece of land in Paris and place an Eiffel Tower there, which would pay dividends every hour/day/week based on your level and location.

Over 100 different types of buildings were available at launch, with more being added regularly. Buildings can be upgraded to maximize profits, and some also earn dividends.

millionaire

Godzillionaire is an idle clicker game similar to Cookie Clicker, Cluckles, and Adventure Capitalist games. This dapp game revolves around buying and selling properties to generate “GOD” energy that powers godly abilities. Players initially receive $0 cash and must purchase their first property using bitcoin or Ethereum.

From there, players can place factories on their properties that will generate profits over time, based on their level. Players then use this profit to buy more expensive properties with even greater potential to generate GOD energy. The ultimate goal of any Godzillionaire player is to get rich by becoming a real estate tycoon!

etherbots

Etherbots is a battle game where users can collect, build, and battle robots. Each robot features its own set of attack/defense attributes that make them rare or common. Users can buy individual bots using Ether (ETH) or testnet ETH (TETH).

weak hands test

Proof Of Weak Hands (PoWH3D) is a unique dapp that combines blockchain technology with gambling style mechanics like Buy the Pot and Dice rolls. This particular Ethereum dapp was inspired by Counterparty’s PoWH3D version, which eventually led to an increase in the price of XCP coins after its launch. Once you visit the website, you’ll notice that it looks like something from the early 2000s, along with some religious overtones. However, don’t be put off by the looks of the website because the dapp works flawlessly and is quite exciting once you get started.

This particular dapp revolves around users buying shares of a pot, which will start to grow as more people participate. Once enough money has been invested in the pot, new Ether tokens will be distributed to everyone who bought shares proportional to their percentage ownership of said pot. This process will be repeated infinitely until no more new investors wish to participate.

The first person to buy into the pot is guaranteed a 3% return on their investment! While this may not sound like much, it’s certainly better than what most banks offer these days (and at a much lower risk).

The best part about this dapp is that you can make money no matter how the price of Ether goes! If the value increases over time, you will earn dividends on your shares. If the value decreases over time, your shares will be worth more in terms of ETH.

Casino games and gambling

online gambling

These types of games are typically monetized by creating a non-game virtual currency called tokens/coins, which can be used to wager on outcomes such as dice rolls, card draws, or lotteries. This section will cover seven types of blockchain casinos and gaming activities: Blackjack; Roulette; Slot machines; poker/roulette; Market Predictions; Distributed Casino Games and Lotteries.

Some of these casino/gambling activities include Etheroll, Virtual Online Sports (VOS), Etherbots, Blockchain Cuties, Fomo3D, CryptoKitties, and Gods Unchained.

These games have gained a significant amount of popularity in recent months due to the ability for anyone with an internet connection to participate. Many of these games can be played from anywhere in the world and do not require any special hardware, making them more accessible than traditional online casino games such as poker or blackjack.

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