July 02, 2018By Nathan Bentley
“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.”This time round, we are going to see exactly how similar the cryptocurrency and gaming communities really are. Firstly, these two cultures are drawn by reward. Games are played in the same way cryptocurrencies are purchased, in the pursuit of a reward. Like games, cryptos can be played by lone players, groups, teams and entire communities. Next up, skill. Playing video games requires a lot of skill, skill that is generally built upon research, practice and perseverance. Likewise, cryptocurrency investment too does require a specific skill set, a skill set that can only be developed through research and practice. Therefore as a community, the pair are built upon passion and education, in essence at least. I also think fan culture plays a big part in how these two communities are similar. In the same way you can buy Call of Duty t-shirts, you can purchase Bitcoin ones too. Moreover, both the gaming and crypto communities have representative figures, celebrities who are often seen as fonts of wisdom, the sorts that post vlogs on YouTube for example. Lastly, each community is built upon the culture of the internet and therefore, they could never really be that far removed from each other. The internet on the whole was built to allow free communication, this has grown to allow for sub-cultural construction and therefore any cultures within ‘the internet culture’ are inherently related by their nature. As we have touched upon celebrity and fandom in this article, tomorrow, we are going to explore some examples of how celebrity has influenced the cryptocurrency and gaming worlds. After this, we will explore the blockchain and the technology driving this and look at how culturally, the blockchain could be the next big thing for the gaming revolution.