Crypto and gaming have a natural affinity. Both were born as rebellious outsiders from the computer revolution. Both are controversial and have fierce opponents. More from SportsWeek:
to get it banned. But, with time, crypto will trace the same trajectory from hated outsider to mainstream staple. It will get more mature, faster, safer, smarter.
Today, most of the money that powers million-dollar prizes comes from crowdsourcing or small subscription fees that raise money to drive the tournaments. Crypto will make it easier to raise that money, with localized tokens generated by the games themselves or by large pools of games.
It would be nearly impossible to do this with fiat money. Bank accounts and money transfer systems can't take constant micro-payments or hold magical items without getting frozen in seconds as anti-money laundering algos and checks kick in. Money just didn't move that fast in the old world and the system can't handle the load. It's like trying to stick mag-level bullet trains on old steam engine railroads. It simply won't work.
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