If you haven’t already seen, we have published a bunch of articles over the past week that discuss how similar the cryptocurrency and gaming industries really are. Within this, we have discussed various different notions and ideas, covering topics such as cryptocurrency as game play, addiction, the sociology of gaming and cryptocurrency and fandom/celebrity within gaming and cryptocurrency. This time, we are going to explore how the history of gaming technology may tell us some things about the future of blockchain technology on the whole.
“When you think about it, cryptocurrency investment takes hold a similar format to a video game. You begin with an alias, a new focus point (your private key for example) and then take action to achieve an objective in the quickest and most cost-effective way. Actions are traded for points (cryptocurrencies) but if you slip up or take too much of a risk, you’re likely to lose some of these points. Loose to many, you lose the game.
There’s more. We could get into patterns of addiction that come through cryptocurrency investment and compare that to addictive behaviour within gaming. Also, there’s the community aspect too. Fandom, celebrity and technology also play huge parts in cryptocurrencies.”
Since (and I hope we have now proven why this is the case) the cryptocurrency and gaming communities are so alike, we can use the history of gaming technology as a source of hype, to explore how blockchain technology may pan out and enter mainstream technology.
Historically, as gaming technology has improved, its target audience has grown too. When games consoles became more serious, the key target audience expanded from just children, to adults too. Moreover, as games consoles became more versatile, other users began to show an interest in them, for example, people who want to use games consoles for on-demand TV.
Likewise, I believe that this will happen with blockchain technology. As the technology becomes more adaptable and offers more solutions to more, ‘normal people’, then the technology will seep into the mainstream at an alarming rate.
Since the gaming and the crypto communities are so alike, in my eyes, it is likely that blockchain adoption will come through the gaming community, in some capacity at least.
Over this series of articles we have tried to compare the crypto and gaming communities on a level that will allow readers to understand just how similar they are. This industry is a serotonin driven utopia. Cryptocurrency is is a game, a game that we are all a part of.