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Blockchain-powered gaming startup Unitopia has received $5 million in funding to develop a blockchain equivalent of video gaming platform Steam. Blockchain-powered gaming platform Unitopia has received $5 million in funding from a group of investment and financial services companies, local media outlet BiShiJie.com reported on April 22. Unitopia — a blockchain research lab of Chinese video game developer Electronic Soul — has reportedly received a strategic investment from Shuimu Fenghua Fund, Link Hui Capital, Jun Joint Venture, Digital Chain Capital and Super Brain Fund in the amount of $5 million. The company will purportedly use the funds to boost research and development of blockchain-based games, as well as facilitate the growth of the industry. Specifically, Unitopia aims to create a blockchain-based equivalent of digital distribution platform Steam, on which users can purchase and play video games. Unitopia claims that all games on its platform are decentralized, with the game..
AltDex has launched a benchmark index designed to track tokens of blockchain-based projects related to video games. Cryptocurrency indices provider AltDex has launched a cryptocurrency index of gaming-related tokens. The company announced the development in a blog post on April 4. AltDex has developed a benchmark index for the blockchain gaming category dubbed AltDex Gaming Index. The index is designed to track cryptocurrencies and tokens of blockchain-based projects related to video games, esports, and other analogous decentralized applications. Per the post, AltDex’ index is applied in respect of 13 coins, including Theta Token (THETA), Enjin Coin (ENJ) , WAX (WAX), Decentraland (MANA) , Kin (KIN) , Loom Network (LOOM), MobileGO (MGO), DMarket (DMT), Refereum (RFR), GameCredits (GAME) , Unikoin Gold (UKG), Plair (PLA) , and BitGuild (PLAT) . In March, Ethereum-based digital asset tokenization startup Enjin revealed it will launch a Software Development Kit (SDK) for game developmen..
Blockchain startup Animoca Brands revealed it has signed a global licensing agreement with Formula 1® to publish a blockchain game. Blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the world-renowned racing series. The news was revealed in a press release from Animoca published on March 26. Formula 1® — which reportedly draws ~1.6 billion television viewers across over 180 territories and engages 506 million fans worldwide — has reportedly signed a licensing agreement that will allow Animoca to publish a blockchain game “F1® Delta Time,” based on non-fungible tokens (NFTs). The forthcoming blockchain game F1® Delta Time — the first phase of launch being set for May 10 — will reportedly have a collectible component based on NFTs, as well as a racing component that utilizes those NFTs. The press release highlights the significant brand power of Formula 1® and the new licensing agreement’s potenti..
Ripple’s project Xpring and blockchain platform Forte have formed a fund to bolster the mass adoption of blockchain technology in the game industry. Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have jointly established a $100 million fund to support game developers. The news was announced in a press release published on March 12. The initiative is designed to bolster the mass adoption of blockchain technology in the game industry through the increase of engagement and monetization with players. Forte is reportedly targeting game developers running live games economies with more than 50,000 daily active users and an interest in blockchain deployment. Brett Seyler, Chief Platform Officer at Forte said: "Blockchain technologies' key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit ..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. 888 Tron platform has launched on the Tron Network during December 2018. It promises to revolutionize the gaming industry with a new concept of revenue share model. 888 Tron provides its first users with a unique opportunity to not only play games and win, but also to become co-owners of a very profitable business. The platform is public and seeks to change the traditional approach to managing business in the gaming sector. Essentially, by using the 888 Tron platform, users will be able to own 888 Tron tokens and will thereby be the owners of the platform. Tokens can only be obtained by those who play games using the pl..
Blockchain firm HashCash has announced a partnership with an undisclosed Australian video games developer to roll out its white label tokenization services for the gaming industry. Blockchain company HashCash Consultants has announced a partnership with an undisclosed Australian video games developer to roll out its white label crypto exchange and tokenization services for the gaming industry. The development was announced in a HashCash press release Feb. 4. HashCash is a blockchain firm focused on providing “white label” blockchain solutions for the gaming sector — i.e. pre-developed solutions that can be purchased and rebranded by their clients to facilitate the shift to a new blockchain-based business model. The firm announced in the press release that it is partnering with a “prominent Australian video games developer,” though did not reveal the name of the company. In 2017, HashCash raised $150 million in early stage venture funding to develop its solutions, which encompass initi..
Atari and startup Animoca Brands will launch blockchain versions of the popular mobile games “RollerCoaster Tycoon Touch” and “Goon Squad.” Major gaming company Atari has entered into a license agreement with blockchain startup Animoca Brands to make blockchain versions of two popular mobile games. The news was announced in a press release published Dec. 18. Atari — famous for being the developer of video games such as Tetris and Pac Man — says the rights agreement allows Animoca to produce and publish blockchain versions of Atari mobile games “RollerCoaster Tycoon Touch” and “Goon Squad” globally, excluding China, Hong Kong, Taiwan and Macau. RollerCoaster Tycoon Touch, the press release claims, has “19 million downloads” worldwide, and has reportedly seen a boost from new features that include a “Water Park” expansion, as well as a partnership with “Foodgod” Jonathan Cheban. The two firms have also reportedly entered into a memorandum of understanding (MoU) to explore mutual opportu..
Gaming hardware producer Razer has launched its redesigned native virtual currencies and a desktop SoftMiner. United States-based gaming hardware manufacturer Razer has redesigned its native virtual currencies and loyalty system and launched a desktop mining app, according to a blog post published on Dec. 12. Founded in 2005, Razer has become a leading gaming hardware and software manufacturer in the U.S., Europe, and China. The company’s software platform reportedly has more than 50 million users. In the first six months of 2018, Razer’s revenues were $274.2 million. Razer has redesigned its native reward system and virtual credits Razer zGold and Razer zSilver. Launched in 2017, the virtual currencies have subsequently gained over 5 million users, according to the post. From now on, the Razer zGold and Razer zSilver will be rebranded as Razer Gold and Razer Silver respectively. In regard to Razer Silver, gamers will be rewarded with the currency for every Razer Gold spent, wherein t..
TRON’s new gaming fund will inject $100 million into TRON-based projects over a three-year period. Decentralized internet protocol TRON announced its plans to launch a blockchain gaming fund dubbed TRON Arcade in a press release shared with Cointelegraph Nov. 29. TRON Arcade, which the company says is designed to “empower developers,” will see investment totalling a giant $100 million over the next three years. The move is another long-term commitment from TRON, which acquired file sharing giant BitTorrent earlier this year. According to TRON CEO Justin Sun, the Arcade will “play a crucial role” in the firm’s expanding popularity. “TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology,” he commented in the press release, continuing: “TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world...
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. In the video games industry, as with most business sectors, it is generally beneficial for a company to link up with a like-minded business to form a strategic partnership. This can increase a brand’s reach, foster innovation, streamline development and reduce operational costs. UK-based gaming platform TriForce Tokens was keen to break into the Latin American market, and its recent partnership with Busca Todo, a major force in the games market in Latin America, is key to this, and the partnership should bring significant benefits to both parties. What is TriForce Tokens? UK-based TriForce Tokens is a decentralized gaming platform that aims to bring players and developers closer together, using its unique new community that enables users to interact more easily. The team behind TriForce Tokens believ..
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