Investing and using crypto is becoming more and more popular. Not least among all those who love esports, which is not so strange. Like crypto, esports is a phenomenon that has completely exploded in recent years. Today, even the biggest newspapers report on esports . Two phenomena that are both significant for the times we live in today.
How is it then that crypto has become so big among esports fans? There are many answers to that question and that is exactly what we are going to answer in this article. To understand, you first of all also need to know what crypto is and how to buy it.
How to buy crypto?
Just a few years ago, buying crypto was quite complicated, especially for those who were not very familiar with the technology behind it. Today, it’s all the easier and more or less anyone can go in and buy any of all cryptocurrencies. The easiest way to do this is via some type of external platform, such as Binance.
If you feel that you want to know more about Binance before you go in and try trading with crypto, you can check out this binance review . There you not only get to know what it is, but you also get to know how the site works and how it compares to other similar trading platforms.
What cryptocurrencies are there?
Today, there are plenty of different cryptocurrencies, some of which are more serious than others. The most famous cryptocurrency of them all is, of course, Bitcoin. It was Bitcoin that more or less built the entire crypto world we live in today. Today, it has gone so far that some countries have even introduced bitcoin as an official currency . It is something that would have been unthinkable just a few years ago.
Then, of course, the remaining range is large. Second on the list of most popular cryptocurrencies we find Ethereum, which also had a leading role in its development. Then, as I said, the list can be made long – Tether, XRP, Dogecoin and so on. Dogecoin is the currency that stands out the most among these as it started as an internet joke. Since its inception, however, it has grown into one of the largest cryptocurrencies in the world.
How come esports fans are more interested than other groups?
It’s hard to answer why esports fans would be more interested in crypto, but one contributing factor is that they have very similar demographics. Those who were early adopters of crypto were generally those who were and are very interested in computers and technology. Exactly the same applies to esports and gaming as a whole. Both phenomena are most popular among young men and it is therefore not surprising that there is some overlap. The fact that both groups are also apparently willing to jump on new phenomena is also reasonably a factor.
Crypto can be used to purchase in-game items
There are also purely practical uses for cryptocurrencies in esports and gaming. With the rapid development, some companies have chosen to jump on the bandwagon and now offer crypto as an alternative when buying items in-game. Sure, the big players like Valve and Riot Games haven’t yet. You mainly find it among the slightly less established players, but it is not unreasonable to believe that even the giants of the industry will hang on.
NFTs can be more involved in the gaming world
NFTs are also a phenomenon that is based on the same technology as cryptocurrencies and which can also be used in the gaming world. In theory, you can use NFTs in-game or as profile pictures on gaming platforms. It is thus one of the few places where you can actually get use for your valuable NFTs.