Cryptocurrency is slowly realizing its initial goal of becoming the new standard of finance in the world. Bitcoin achieved a new all-time high after becoming a legal tender in El Salvador and new ways to sustain it were proposed. Ethereum also reached a new ceiling thanks to the surge of users who were excited to join the NFT trading economy. All altcoins gained new ways to be used and gained so exchanges are seeing a lot of volumes, even for cheap ones like Dogecoin (DOGE).
If you are one of the new crypto investors that joined the crypto ecosystem, then here are some fun ways to use cryptocurrencies. All of them let you stake assets either as payment for gas or for bets then win them back if you played smart. Try them as an alternative means to earn crypto on top of trading and mining or passive rewards as an investor.
Online casino gaming
Casinos can now be played on any device as long as it has a browser that supports HTML5 such as Google Chrome, Mozilla Firefox, or Opera Mini. Default browsers for Android and iOS also work. Online casinos are platforms where you can play games like slots, baccarat, blackjack, or poker.
Most online casinos today support cryptocurrencies along with major fiat currencies so players have many options. You can win thousands of BTC in every spin so you can be an instant millionaire with one lucky bet. If BTC is too valuable to wager, then you can play at Bitcasino with Dogecoin now. It’s easy to buy and sell thanks to its growing popularity at exchanges.
NFT collecting and trading
The Ethereum network also comes with an exciting trend this year. Users began minting and trading artworks as non-fungible tokens (NFTs). Many of them are randomly generated profile pictures with unique traits that determine their value. Users on the network bid for the artwork and the highest bidder wins its code.
CryptoPunk is one of the most popular types in the market. It’s a collection of 8-bit style profile pictures of people with unique traits. They can have different skin colours, accessories, hairstyles, and facial hairs. Bored Ape Yacht Club has the same concept but the art style is more similar to ink-painted comics. They can have wilder concepts thanks to having a wider random selection of facial expressions and skin textures.
Artists also joined the NFT trading economy by minting digital copies of their creations then auctioning them at the Ethereum network. You can find famous illustrators, 3D modellers, and photographers with high statuses in the entertainment industry.
Aside from casino games, there are also many games that you can play to earn cryptocurrencies using NFT as game assets. Axie Infinity is one of the most popular examples of this which garnered millions of players around the world. Even more, people continue to join even as the initial investment to make their first-team more expensive.
Blockchain-based games let players earn cryptocurrencies by completing tasks. Some games reward ETH while others can give BTC and DOGE. Other games reward unique ERC-20 tokens that work as a resource or gas token for the specific video game. Axie Infinity’s ‘love potion’ is a great example of an earnable cryptocurrency that can be bought and sold at an exchange.
Some of these game assets are NFTs that you can sell at the game’s exclusive economy or through Ethereum’s vast ecosystem. Axie Infinity’s pet creatures called ‘Axies’ are also examples of this as they can be traded so other players can add them to their team. They also share a property with CryptoPunk where players can generate new unique copies to either sell or collect. For Axies, two of them can breed using a love potion and give birth to a new one with traits inherited from the parents.
Sports and esports betting
The last example is betting on sports and esports tournaments. You can cheer on your favourite team or speculate the outcome of the most awaited competitions around the world. Place your stakes at online bookmakers to win back BTC or ETH. If you want to stake using cheaper crypto for esports betting, then you can play at Bitcasino with Dogecoin now. These betting sites also provide news about the tournaments and athletes so you can stay updated with current events.