Streaming Meets Crypto: How Gamers Are Earning Tokens for Every Viewer

In recent years, GameFi and Blockchain started carving out their own niches, each growing fast. Even though both have pushed forward independently, their paths now crossing seems poised to shake up online streaming in ways one might not have fully expected.

This union isn't merely a simple tech mashup – it points, in many respects, to a deep and almost seismic shift in how people understand and engage with digital entertainment.

The Concept of Game Finance (GameFi)

GameFi, which is also known as Game Finance, got its start when Andre Cronje, the Yearn Finance founder, first tossed it around to describe DeFi projects, which had a game-like twist. These days, the term has stretched out to cover the whole financial side of blockchain gaming.

Blockchain-based poker platforms allow players to wager and win cryptocurrencies, ensuring fast, secure, and transparent transactions. Unlike traditional poker sites, these platforms often feature decentralized gameplay, provably fair mechanics, and lower fees.

By choosing to play crypto poker, gamers can enjoy a unique blend of competitive strategy and digital asset accumulation, making every hand an opportunity to earn tokens. Digital assets can be gained for participating in gameplay, completing tasks, or achieving in-game milestones.

The core idea behind GameFi is to provide users with ways to receive token rewards and assets for their gaming achievements and skills. Whether you play crypto poker or play-to-earn (P2E) games, you can monetize your time and abilities.

Games provide many forms of rewards, including digital tokens and in-game assets, such as virtual land, avatars, weapons, and costumes. In many cases, these items turn out to be non-fungible tokens (NFTs) that run on the blockchain and can be traded on NFT marketplaces (OpenSea, Rarible, Magic Eden, Blue, Binance NFT).

The Connection Between GameFi and Streaming

GameFi and blockchain technologies teaming up spark a ton of promise for where online streaming might head. Their mix pops up in a bunch of different ways to build an entertainment scene that's more immersive, satisfying, and, decentralized.

GameFi kicks off with a quirky idea – users don't just play, they earn along the way. Instead of simply enjoying a game, you might snag digital goodies, such as NFTs or cryptocurrencies by just getting involved.

Lately, this twist has wandered over to live streaming too, meaning that watching is not as passive as it once was. In most cases, viewers now have a shot to earn rewards simply by engaging as the stream unfolds, not merely sitting back.

Imagine you're tuned into a live stream of your favorite game – and here is the fun part – you're not just a bystander. You might toss in a quick vote on a big in-game decision, throw out a strategy, or even snag a bit of control over part of the action, all while raking in digital tokens. This extra layer of participation really muddies the traditional lines between playing and watching. In most cases, it turns the experience into something more lively and dynamic for both the creators and their fans, making every session feel like an unplanned, spirited adventure.

Gamified Streaming Platforms

The future impact of gamified streaming will lead to a transformation in the content creation scene, with a shift towards highly interactive and personalized experiences becoming the new norm. Check out the top four streaming platforms that bring users a gamified experience with metaverse coins.

Theta Network

Theta Network is a blockchain-powered cloud for AI, entertainment, and media. The Theta blockchain is built on an open-source foundation so anyone can jump in and start building. Content creators get a shot at crafting decentralized applications that really speak to their own audience.

You might find everything from movies and TV to music, eSports, live streaming, and even distance learning – it is all mixed together in an organic way. Some video platforms, like Samsung VR, Cinedigm, Shout! Factory, and THETA.tv are already making it their home.

Decentraland

Decentraland is a 3D virtual world browser-based platform. Users may buy virtual plots of land in the platform as NFTs via the MANA cryptocurrency, which uses the Ethereum blockchain. Two types of tokens govern operations in Decentraland:

●     LAND – An NFT used to define the ownership of land parcels representing digital real estate;

●     MANA – A cryptocurrency that facilitates purchases of LAND, virtual goods, and services used in Decentraland.

The Decentraland team also has released a marketplace. There, you can easily handle LAND tokens – they're marked with a price in MANA. Owners also find it handy for swapping parcels or moving around all kinds of in-game goodies, like wearables and those one-off, standout names.

Twitch's Channel Points

Streamers now have a way to treat their community – with Channel Points, they can hand out subscriber-only extras. It is available to every partner and affiliate, meaning pretty much anyone in the streaming world can jump on board. The system comes with built-in rewards that you can tweak to match your vibe, letting you experiment a bit as you go.

Users can gain rewards when they watch the stream, follow the streamer, participate in raids, claim a bonus prize (chest that spawns on the bottom of the chat window at random intervals), be the first one to gift a sub, or cheer during the month, or grow a watch stream (keep coming back to streams).