AI and software innovations in the worlds of gaming and cryptocurrencies

In the past two years, AI has exploded into the mainstream through the rise of ChatGPT and a wide range of other innovative applications that have demonstrated their true power to the general public. Simultaneously, software developments such as progressive web apps, low code development and FinOps also promise to take the technology we use every day to another level.

But how do these innovations impact industries already at the forefront of technological development, such as cryptocurrency and gaming? To what extent are these industries utilizing these new possibilities to improve their systems for new and experienced users? Let’s take a look!

The integration of artificial intelligence 

Artificial intelligence promises to be a game-changer in many sectors of the economy, so it should be no surprise that a tech-focused industry like cryptocurrency has embraced some major AI technologies. In crypto, AI is already being used to analyze and optimize smart contracts and create smoother identity verification processes. There are also plenty of AI trading bots now in operation that can automate trades based on predefined parameters and recommend investments based on individual risk tolerance and goals, which is perfect for users who don’t want to get carried away by their emotions.

These features are useful not only for experienced users, who can look to develop an ever more sophisticated approach to investment in crypto, but also newcomers to the game, who can receive guidance on the best way to use their money safely and effectively. Perhaps unsurprisingly, given crypto’s intrinsic connection to innovative technology, the assets themselves have also incorporated artificial intelligence, with AI cryptocurrencies such as NEAR Protocol and Bittensor — created with blockchain technology — reaching a market cap of more than $27bn.

A boost to the gaming industry 

It is a similar story in the gaming industry, where AI is helping to increase interactivity in numerous ways. For some time now, game developers have been exploiting the potential of AI to create more lifelike non-player characters (NPCs), while it is also increasingly used to create large digital environments, handle complex data and simulate realistic environmental effects.

Naturally, software innovation is also influential. For instance, progressive web apps (PWAs) can help to provide gamers with a more personalized experience. Again, this is not only beneficial for new users, who can receive guidance on gameplay, but also players who know the game inside out and are more likely to be looking for new experiences or bonus features.

This ability to tailor the game to the individual is increasingly important in both conventional gaming and other areas such as fitness apps, educational games and casino play. In the latter, it has become commonplace to not only offer incentives to newcomers, but also to provide existing player bonuses in order to reward loyal users.

Evolving times

Software innovation is crucial in the world of cryptocurrency too. While innovations such as NFTs and other digital assets have been part of the landscape for a while, numerous other innovations are also helping crypto to advance as an industry. Security is improving all the time thanks to a combination of greater awareness and software innovations such as multi-signature wallets and biometric authentication.

Similarly, the infrastructure around cryptocurrency, which is crucial to its continued evolution, has been becoming increasingly robust, while trends such as progressive web applications and low code development also make it easier for new players to enter the market and for everyone to achieve a higher level of customization.

These developments are part of a wider trend towards increasing personalization in both financial investments and gameplay that we can expect to continue into the future. Although we cannot ever fully predict the future; we can certainly expect it to be a healthy one for both gaming and crypto given their continued commitment to and use of the very best innovative technologies.