TL;DR
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There’s this theory that crypto will eventually decouple from the traditional financial system.
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Everyone (ourselves included) has always assumed that Bitcoin would be the first to decouple…but blockchain gaming beat it to the punch!
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Blockchain gaming has made up a large portion of all on-chain transactions for a while now.
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The value/trading volume of these gaming related NFTs/tokens have very little to do with the traditional financial system, and everything to do with how fun the game is to play.
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The more fun the game → the more users play it → the more NFTs/tokens they earn/trade along the way.
Full Story
Need to cool off after that last article? We’ve got you…
There’s this theory that crypto will eventually decouple from the traditional financial system.
Meaning, if the broader financial markets are in a downtrend – like they are now – crypto won’t necessarily follow.
Or better yet, crypto will follow/create its own destiny (aaaw!).
Everyone (ourselves included) has always assumed that Bitcoin would be the first to decouple…
But blockchain gaming beat it to the punch!
Blockchain gaming has made up a large portion of all on-chain transactions for a while now.
But the value/trading volume of these gaming related NFTs/tokens have very little to do with the traditional financial system, and everything to do with how fun the game is to play.
The more fun the game → the more users play it → the more NFTs/tokens they earn/trade along the way.
(Whether we’re in a bull market or bear market – gamers are going to game).
But wait…
How does that work? Aren’t ‘blockchain’ and ‘crypto’ the same thing?
Not exactly. Think of crypto like money in the banking system, and blockchain like the computer code that allows money to be moved/spent.
Computer code (blockchain tech) can be used to support monetary systems, sure – but it can also be used to build all sorts of apps, games, and services that have nothing to do with finance.
Whereas money (cryptocurrencies) will almost always act as a medium of exchange / financial instrument in some way, shape, or form.
That said: a win for blockchain is also a win for crypto.
We love to see it!
