Digital assets, more commonly known as cryptocurrency, are completely revolutionizing the financial landscape, and here in the US, their popularity grows every day. Not only is crypto being utilized by the government, following President Trump’s promise to make America the ‘crypto capital of the planet,’ but its uses are also being discovered by regular residents, too. It is estimated that around 28% of American adults own cryptocurrency, or have done so in the past, and many more have expressed their intentions to invest in the future.
Cryptocurrency is an effective payment method and an investment asset for a variety of reasons. Due to its use of the blockchain, it is often more secure than other payment options, and its volatility means that investing in crypto can lead to extensive profit for the individual. However, in this article, we’ll be exploring an aspect of crypto that is often forgotten, but is still vitally important for countless people across the globe: how it can be used for fun.
What is Crypto?
Cryptocurrencies are forms of currency that exist entirely digitally. They are decentralized, which means they do not rely on the interference of third parties, such as banks, in order to be sent and received. Instead, transactions are encrypted and pass through a public ledger called the blockchain. There are multiple different forms of crypto, from the most popular, such as Bitcoin and Ethereum, to those made for fun, such as the famous meme coins Doge coin and Pepe. Apart from Stablecoins, which are digital assets tethered to the value of another currency, crypto coins can be highly volatile, meaning they have the tendency to rise or fall exponentially over time, making them an appealing option to investors.
Crypto Casinos
One of the most prominent ways crypto has changed the game when it comes to leisure and play is through its integration into the online casino scene. Cryptocurrency and casino gaming go hand in hand, and the benefits of digital asset integration into these platforms are clear to see.
Firstly, due to its decentralized nature, transitions made using cryptocurrency are often much quicker than those made with other payment methods. In casino gaming, this means that gamblers get to experience instant withdrawals when it comes to claiming their winnings. Also, crypto’s anonymity can greatly improve an individual’s casino experience. In a world where hacking and data leaks are on the rise, many gamblers are cautious when it comes to sharing their personal and payment information with websites, even if everything appears legit. However, the integration of crypto into the casino world has allowed for the appearance of no KYC casinos. These are casino gaming platforms that do not take any personal information from their users, allowing gamblers to play securely and anonymously. Additionally, since crypto is the payment method being used, gamblers can withdraw their winnings without having to part with sensitive payment information. On top of this, many of these casinos also offer impressive bonuses and rewards to their users, making choosing them over more traditional casino gaming platforms an easy decision.
Meme Coins
As mentioned, meme coins are crypto coins that are created and distributed with one goal in mind: fun. Meme coins are created to follow online trends or to capitalize on internet humor. Unlike big crypto coins such as Bitcoin, those investing in memecoins tend to be less interested in growing wealth from trades and are instead drawn to the sense of community that meme coins have fostered. In fact, many meme coin fans say it is the community that is the most important thing to them about the coin, and the fun that all its fans have. In a way, meme coins show crypto’s ability to do something no other payment method has managed, and that is to be light-hearted. Meme coins bring people together and thrive when used for small trades.
Play-to-Earn Games
Crypto play-to-earn games do exactly what they say on the tin. They allow users to play online games and earn real, valuable cryptocurrency for doing so. This in itself has completely revolutionized how we approach fun and our leisure. Often hobbies are activities done outside of work that generate no income for us but are pursued because they are fun or relaxing. Crypto play-to-earn games, on the other hand, not only present players with games to engage in during their leisure time but enable them to earn money from doing so. Some individuals have even made playing crypto play-to-earn games their full-time job and make more than a living wage from doing so. There are countless different crypto play-to-earn games out there, spanning all genres of video gaming, but some of the most popular are Axie Infinity, the Sandbox, and Crypto Kitties.
Conclusion
Cryptocurrency has immense value in modern society, and that value is only expected to grow. Many people have begun to see crypto as the future of finance itself. There are, of course, countless practical and serious benefits that come with crypto, but it’s also important to take into account the effect it is having on how we spend our free time and how we have fun. Crypto really is changing the game when it comes to recreational activity and engagement, and for good reason, too. If the future of finance is crypto, so too, it seems, is the future of fun.