TL;DR
-
There is a theory that crypto will eventually decouple from the traditional financial system.
-
Everyone (including us) has always assumed that Bitcoin would be the first to untie…but blockchain gaming was faster than ever!
-
Blockchain gaming has been a major part of all on-chain transactions for some time now.
-
The value/trading volume of these game-related NFTs/tokens has little to do with the traditional financial system, and everything to do with how much 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.
Full story
Cooling down after that last article? We got you…
There is a theory that crypto will eventually decouple from the traditional financial system.
This means that if the broader financial markets are in a downward trend – as they are now – crypto will not necessarily follow suit.
Or better yet, crypto will follow/create its own destiny (aaaw!).
Everyone (including us) has always assumed Bitcoin would be the first to decouple…
But blockchain gaming beat it to the punch!
Blockchain gaming has been a major part of all on-chain transactions for some time 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 much 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 as money in the banking system, and blockchain as the computer code that allows money to be moved/spent.
Computer code (blockchain technology) can of course be used to support monetary systems, but it can also be used to build all kinds of apps, games and services that have nothing to do with finance.
While money (cryptocurrencies) will almost always act as a medium of exchange / financial instrument in some way.
That said, a win for blockchain is also a win for crypto.
We’d love to see it!