Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats
June 6th 2022
Play-to-earn games provide a novel means to make money as a gamer. Players across the globe who are interested in earning cryptocurrency can connect to their games of choice from their devices and earn money playing or from the sale of in-game NFTs. Today, there’s a multitude of games that are utilizing cryptocurrencies as a mode of in-game payment. Some of these games have created their own tokens, while others focus primarily on non-fungible tokens (NFTs). However, a growing number of games are being built with Lightning Network integration to enable gamers to receive BTC as a reward for playing.
The gaming industry is growing at a staggering rate. A report by InvestGame showed that in the first half of 2021, public offerings in gaming went up from USD 4.9bn in 2020 to USD 17.1bn in 2021. Private investments more than tripled. Interestingly, the gaming industry is also considered one of the frontiers of mass blockchain adoption, prompting more companies to invest in it. While blockchain games (predominantly operating on Ethereum (ETH)) are finding their niche of crypto-savvy gamers, the growth of play-to-earn bitcoin games is attracting the attention of Bitcoiners.
What’s more, adding the Lightning Network as a payment layer to play-to-earn games makes sense for a global audience. While the average individual in emerging markets nations can’t afford Ethereum’s high gas fees, bitcoin micropayments on LN are near-instant and come with effectively no cost. As a result, more and more Bitcoin gaming companies are emerging to add borderless micropayments.Back to blogs