Modern Economic Nonsense — Gaming culture and crypto

xuanling11
Coinmonks
Published in
5 min readJul 11, 2022

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For many years now, the gaming industry has been on a mission to reach as many people as possible. To do so, they have innovated their way of connecting with their audience. One such innovation was the introduction of virtual reality (VR) and its subsequent use in gaming. VR made games immersive and gave them a much-needed edge by allowing players to experience things from different perspectives. This led to new business models like arcades and console gaming which were cheaper and more accessible than before. But that’s not all that gaming has brought us; it has also brought us cryptocurrencies. Virtual reality is one of the many innovations that crypto has brought about, and it comes in all shapes and sizes. Financial services have been operating using fiat currencies for a very long time now — from banks to credit card companies to even the government! In other words, most of the day-to-day services are run using fiat money instead of digital currencies like Bitcoin or Ethereum. Thanks to cryptocurrencies like Bitcoin and its blockchain technology, there’s no more prolonged need for that. With this piece of writing, we are going to discuss how virtual reality is being used in gaming today, where some of the biggest gaming companies stand when it comes to integrating crypto into their business models and why virtual reality will be an important catalyst in helping gamers…

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