Cryptocurrency is rapidly becoming a more ingrained part of the online gaming world and it's proving to be popular with players. The technology's appeal lies in not only offering a secure payment method for deposits and withdrawals, but also providing gamers with greater financial rewards for their efforts. American finance publication Forbes recently reported that the global gaming token market was worth more than $12.8 billion before the end of 2022, with some tokens offering the opportunity to achieve real-world value when converted to Bitcoin and other virtual currencies.

Most notably, ApeCoin (APE) is one of the most valuable gaming tokens and has a market capitalization value of roughly $2.23 billion. It is strongly connected to the Bored Ape Yacht Club, a collection of Non Fungible Tokens (NFT) built on Ethereum blockchain technology. A number of US-based game developers are now incorporating ApeCoin in their games, such as the highly popular mobile game Benji Bananas. Blockchain technology is also increasingly forming part of other AAA games developers' models, providing an extra layer of security and anonymity for finance transactions.

Despite the growing currency in crypto gaming, the more traditional form of online gambling is still a popular form of entertainment, particularly in the US. According to americangaming.org, a total of 26% of gaming revenue in January 2023 came from iGaming operations. Furthermore, legaluspokersites.com reported that digital currencies are now the preferred payment method for many regular and novice poker players.

From digital gaming to sports betting and online casinos, cryptocurrencies are making their mark. It's no wonder then that crypto gaming continues to be a thing, with more players being drawn to the idea of profiting from their gaming skills and enthusiasm. With the opportunities crypto gaming presents, it's certain to be an integral part of the online gaming world for years to come.



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