Video gaming is a US$100 billion industry and likely to be one of the first major industries to see significant integration of blockchain technologies. As such, there are dozens of coins and teams working every day as they strive to contribute to this adoption. Here are five of the most promising or significant projects focused on video games. 5. CryptoKitties The latest craze in the cryptocurrency community is Ethereum gaming, a smart contract-driven approach to providing social gaming directly on the Ethereum blockchain. CryptoKitties kicked off the trend, as it gained the attention of everyone following headlines about the DApp clogging the network duePowered by WPeMatico
From fintech to the internet of things, startups and entrepreneurs are all working on projects in which blockchain can fit into existing industries. With an endless number of possibilities, blockchain technology can revolutionize the gaming industry. An over $100 billion industry, the digital nature of video games makes it the perfect use case for blockchain implementation. Let’s take BitGuild for example, having raised more than $20 million in under six (6) hours via its ICO, also launched a successful pre-sale campaign, raising funds from high-tier supporters like Justin Sin, founder of blockchain-base, open-source protocol, TRON. BitGuild is a decentralized platform
There have already been a number of major announcements made by gaming cryptocurrencies in what is shaping up to be a pivotal year for game coins as a whole. This trend has accelerated recently, as EnjinCoin (ENJ) has made a major announcement regarding its future developments. On January 28, EnjinCoin announced its upcoming game channels technology branded as “Efinity”. Efinity represents a gamified lightning network-esque network with speeds and costs capable of handling millions of micro-transactions of items and tokens between players and game servers. Through these game channels, players and developers will be able to communicate, escrow, and transact complex in-game items and sets of
Since December, video game-related currencies across the board have exploded in price and volume. Video games represent an industry prime for blockchain integration, and initial penetration is poised to take place as early as this year. Gaming cryptocurrencies are growing on an industry-wide scale to new all-time highs every day. EnjinCoin (ENJ) has grown from under US$0.03 to over US$0.30. GameCredits (GAME) and its sister coin, MobileGO (MGO) have both more than tripled during this time frame, with GameCredits setting a new all-time high above US$6.00. Unikoin Gold (UKG) appreciated from under US$0.20 to an all-time high above US$2.00. Although of questionable
In recent weeks, many coins have seen absolute explosions in value. The top 10 and top 50 market caps have been penetrated by a number of new contenders, some ascending from well below the top 100. With many developments poised to release this month or this quarter, investors are wildly bullish on an array of cryptocurrencies. Among these projects is EnjinCoin (ENJ), whose mobile wallet is slated to release as soon as tomorrow. The wallet is rumored to boast the greatest security of any Ethereum mobile wallet. The ENJ mobile wallet will also feature native support for all 600+ ERC20