Blockchain Applications Bring More Value To Gamers, Leading The Evolution Of The Multi-Billion…

Blockchain Applications Bring More Value To Gamers, Leading The Evolution Of The Multi-Billion Dollar Gaming Market.

The gaming market is growing at a fast pace. With more than 2.2 billion active gamers in the world, the UK gaming sector generates £3.864bn, making it larger than music and video combined. Revenue from digital gaming, accounts for 87% of the UK market. Globally the industry generated $135bn in 2018.

The market is indeed so attractive that even the ‘big tech’ companies are moving into it. Earlier this week, Apple was said to be investing more than $500 million for its Arcade service, which will let users play exclusive gaming titles across their Apple devices ad-free and offline.

Google is also reportedly entering gaming. In March, the tech giant released a note about Stadia, its new platform that aims to deliver instant access to games on gadgets like laptops, tablets and mobile devices.

Gaming can provide one of the first playgrounds for experimenting with new technology, and the emergence of technologies such as blockchain, machine learning and virtual reality are changing the landscape of gaming as they become integrated into those platforms. The addition of these technologies is making the gaming experience a lot more sophisticated, fun and ever lucrative for users.

Gaming Integrating Blockchain

Technology pioneer OBC debuts in gaming space; Q&A with CEO Clem Chambers:

Blockchain is a mechanism to open the gaming market up further and take in-game values into the real world and vice versa.”

Earlier today, pioneering tech company Online Blockchain (OBC) announced its brand new blockchain-based gaming product FreeLoadr. FreeLoadr is a multi-platform application which allows gamers access to PC games for free in exchange for running the FreeLoadr application on their personal computer. The user donates “hash power” to earn points, which they can redeem for products on the FreeLoadr store’s selection of 2,500 titles.

OBC has been acting at the forefront of technology for decades. Previously known as On-Line plc, the company gained prominence during the dotcom boom. In 2017, the word ‘blockchain’ was added to signal its move into the fast growing blockchain industry. With the opportunity growing within the gaming sector, OBC is using the versatility of blockchain and developing applications with high user-case value and tailored for the needs of gamers. OBC also identifies and invests in strong projects in the space such as US-based gaming company Encryptid. OBC invested US$100,000 in cash in exchange for a 35% interest in the company.

Since then, OBC has developed multiple projects at a global level, envisioning widespread adoption of cryptocurrencies and exploring early stage opportunities for blockchain applications.

Cassiopeia Services talked to OBC CEO Clem Chambers about FreeLoadr, blockchain in gaming and opportunities in the industry. Chambers is a well-known figure (Maverick Genius) in the City of London, having made a sizeable fortune in the dot.com boom.

How was FreeLoadr inspired? What makes it special and different from other gaming applications available?

CC: “We’re constantly coming up with great ideas as a group and FreeLoadr was a favourite as it was such an accessible project, in the mainstream and in the heartland of the digital natives that love Crypto.”

What market demands in gaming can blockchain applications meet?

CC: “The potential is endless. Crypto opens up vast horizons for computer games because it allows for a real financial system to underpin the giant environments that are played in by millions of people.”

Nowadays, mobile gaming takes the biggest share in the gaming market. Why is mobile taking over consoles and PCs? In terms of blockchain applications for different platforms, is there any difference between them?

CC: “Mobiles are ever present and that’s spawned a whole new way of delivering and monetising computer gaming. Blockchain is a mechanism to open that market up further and take in-game values into the real world and vice versa.”

What are non-fungible assets and what advantages does it bring to gamers? Can it be monetised in the blockchain?

CC: “Most games have virtual goods that cost money but it is hard or often impossible to sell them on second hand. Micro transactions are already big new in computer games and blockchain will extent that environment much further not just by making non-fungible virtual game items fungible but by providing a platform for made-for crypto games, a tremendous example of this is the game by Encrypted we have invested in.”

Any more gaming projects for OBC in the future?

CC:We have invested in a tremendously exciting developer called Encryptd and the product is taking shape. They have deep crypto expertise and their game could be a smash. distributed Crypto games will light up the gaming market at some point, it’s just a case of when. We want to be part of that.”

Different kinds of fraud, cheating, and other attacks have become a big deal in the $135 billion game market, while research showed that one in five gamers fall victim to fraud while playing. How can blockchain help with preventing and countering gaming fraud?

CC: “Blockchain can and will help but there is no magic bullet for that. Never was, never will be. The best solution is solid game management, something deeply rooted in our heritage in the games business.”

In the case of FreeLoadr, users can enjoy free access to games in exchange for ‘hash power’. How does OBC use this ‘hash power’ to mine selected cryptocurrency? What is the cryptocurrency? Why is this a profitable exchange for OBC?

CC: “We farm the hash power out to mining pools. We receive Bitcoin and other coins from the pools, take our margin and use the rest to buy games for the user. It’s a very simple clean model.”

China is the country with the highest gaming revenues ̶ $34,400M ̶ showing the opportunity in this market. OBC will be launching FreeLoadr in the UK and in North America soon, but are there any plans to bring it to Asia and other parts of the world?

CC: “In one word, Yes. Asia is very interesting and exciting and we’re looking at that market.”

Blockchain and gaming is already a very potent combination, so do you think integrating cloud services with FreeLoadr’s model would help it expand in the future? Considering not all people have a lot of GPU power on their laptops, would it better to have an ecosystem of blockchain-gaming and cloud services?

CC: “This is a possibility, but I think we’re thinking about other verticals as the biggest opportunities. You could charge you Costa Coffee card with Freeloadr, for instance.”

Are there any plans to launch a FreeLoadr coin? Considering your plans to venture into the gaming console systems such as Playstation and Xbox, if people get the opportunity to have one unique coin for all their gaming purchases, it might help promote widespread adoption of FreeLoadr ̶ what are your views on this?

CC: “We will have a Freeloadr that buts console games, that will be a product for this autumn. The lesson we have learned over the years is to focus hard, stay under the radar, keep your risk surface low and embrace talent. Blockchain is a continent of opportunity and the key to success is to find a sweat spot and build your city there. Can you tell I got Civilization IV with Freeloadr points?”

Follow Freeloader on twitter @FreeLoadr_App

Ulticoin: The cryptocurrency gamers have been waiting for

The multi-billion dollar gaming market is about to witness a brand new project leveraging on blockchain technology to give players the chance of cashing in ‘real money’ from their gaming tokens.

The gaming industry helped drive the internet, certainly in the social media age where social gaming and microtransactions have become a flourishing industry in their own right. Now, the industry could be helping to spur the growth of blockchain technology and increase adoption of cryptocurrencies.

Numbers indicate there are more than 25,000 e-gaming platforms worldwide, generating altogether between USD$20 to 40 billion in revenue. Online gaming is expected to grow by over 11% a year until 2020. This impressive growth is mostly down to new technologies enhancing current gaming experiences and creating niches in the market.

In 2017 alone, the gaming industry generated $108.4 billion in revenue. The good sentiment is also felt on the investment side in an increasing interest in blockchain appliances from gaming companies. Over the last few years, there have been more than 50 ICOs for gaming-focused projects, the top 10 fundraisers reaching over $323 million alone.

Among many features, the introduction of blockchain technology in games offers more security to players, can increase number and variety of elements and allows more sophisticated features.

The integration of blockchain into gaming is seen as a positive move within the crypto space. Gamers are known to be early adopters of new technologies and their familiarity with tokens and virtual currencies can help drive adoption of cryptocurrencies wider.

ULTI Coin: Exchange gaming tokens for real currencies

Aiming to reach the core of the popular and expanding gaming industry, blockchain developers decided to create ULTICoin.

The coin started to be designed in 2017 by a team of experts in gaming — and gamers themselves — who understand the market very well spotted the opportunity of deploying crypto technology to unlock the billions of dollars that are locked inside video games features and different realities.

ULTI Coin is the first-of-its-kind allowing players to get ‘real’ money’ from their games. ULTI Coin is new cryptocurrency that implements and manages in-game virtual currencies. Purpose of ULTICoin is exchanging in-game currencies for ULTI Tokens, which allows gamers to become users of ULTICoin, and exchange ULTI Tokens for FIAT currencies or any other in-game currency.

“Our aim is to partner with as many gaming companies as possible. In any game, you gather tokens which now with ULTI coin can be exchanged for real money,” said Nadja Jovovic, a consultant at ULTCoin.

“Our project is built on Ethereum blockchain, which means users get the speed, safety and transparency from Ethereum network,” said Sergej Belavin, senior consultant at ULTI Coin.

ULTI will soon be listed on different crypto exchanges around the world which will allow gamers to trade their gaming coins to other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and eventually fiat values.

Ulticoin: The cryptocurrency gamers have been waiting for

The multi-billion dollar gaming market is about to witness a brand new project leveraging on blockchain technology to give players the chance of cashing in ‘real money’ from their gaming tokens.

The gaming industry helped drive the internet, certainly in the social media age where social gaming and microtransactions have become a flourishing industry in their own right. Now, the industry could be helping to spur the growth of blockchain technology and increase adoption of cryptocurrencies.

Numbers indicate there are more than 25,000 e-gaming platforms worldwide, generating altogether between USD$20 to 40 billion in revenue. Online gaming is expected to grow by over 11% a year until 2020. This impressive growth is mostly down to new technologies enhancing current gaming experiences and creating niches in the market.

In 2017 alone, the gaming industry generated $108.4 billion in revenue. The good sentiment is also felt on the investment side in an increasing interest in blockchain appliances from gaming companies. Over the last few years, there have been more than 50 ICOs for gaming-focused projects, the top 10 fundraisers reaching over $323 million alone.

Among many features, the introduction of blockchain technology in games offers more security to players, can increase number and variety of elements and allows more sophisticated features.

The integration of blockchain into gaming is seen as a positive move within the crypto space. Gamers are known to be early adopters of new technologies and their familiarity with tokens and virtual currencies can help drive adoption of cryptocurrencies wider.

ULTI Coin: Exchange gaming tokens for real currencies

Aiming to reach the core of the popular and expanding gaming industry, blockchain developers decided to create ULTICoin.

The coin started to be designed in 2017 by a team of experts in gaming — and gamers themselves — who understanding the market very well spotted the opportunity of deploying crypto technology to unlock the billions of dollars that are locked inside video games features and different realities.

ULTI Coin is the first-of-its-kind allowing players to get ‘real’ money’ from their games. ULTI Coin is new cryptocurrency that implements and manages in-game virtual currencies. Purpose of ULTICoin is exchanging in-game currencies for ULTI Tokens, which allows gamers to become users of ULTICoin, and exchange ULTI Tokens for at currencies or any other in-game currency.

“Our aim is to partner with as many gaming companies as possible. In any game, you gather tokens which now with ULTI coin can be exchanged for real money,” said Nadja Jovovic, consultant at ULTCoin.

“Our project is built on Ethereum blockchain, which means users get the speed, safety and transparency from Ethereum network,” said Sergej Belavin, senior consultant at ULTI Coin

ULTI will soon be listed on different crypto exchanges around the world which will allow gamers to trade their gaming coins to other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and eventually fiat values.

The team behind the idea and development of ULTI Coin have long experience in the gaming industry, offering expert insight and understanding of what it takes to make ULTI successful in the market. Sinisa Milic, CEO and Petar Bozic, Co-Founder, have combined knowlegde of engineerging business and share a passion for exploring the possibilities of decentralised technologies.

Stefania Barbaglio, Cassiopeia Director and Blockchain PR Strategist and Advisor to ULTICoin, commented: “There are 25,000 e-gaming platforms worldwide, which generate USD$20 to 40 billion in revenue, a figure set to continue growing . ULTICoin is the first ‘real money’ token in gaming, a new cryptocurrency that manages in-game virtual currencies, enabling gamers to unlock the billions of dollars inside video game features.”

Ulticoin: The cryptocurrency gamers have been waiting for

The multi-billion dollar gaming market is about to witness a brand new project leveraging on blockchain technology to give players the chance of cashing in ‘real money’ from their gaming tokens.

The gaming industry helped drive the internet, certainly in the social media age where social gaming and microtransactions have become a flourishing industry in their own right. Now, the industry could be helping to spur the growth of blockchain technology and increase adoption of cryptocurrencies.

Numbers indicate there are more than 25,000 e-gaming platforms worldwide, generating altogether between USD$20 to 40 billion in revenue. Online gaming is expected to grow by over 11% a year until 2020. This impressive growth is mostly down to new technologies enhancing current gaming experiences and creating niches in the market.

In 2017 alone, the gaming industry generated $108.4 billion in revenue. The good sentiment is also felt on the investment side in an increasing interest in blockchain appliances from gaming companies. Over the last few years, there have been more than 50 ICOs for gaming-focused projects, the top 10 fundraisers reaching over $323 million alone.

Among many features, the introduction of blockchain technology in games offers more security to players, can increase number and variety of elements and allows more sophisticated features.

The integration of blockchain into gaming is seen as a positive move within the crypto space. Gamers are known to be early adopters of new technologies and their familiarity with tokens and virtual currencies can help drive adoption of cryptocurrencies wider.

ULTI Coin: Exchange gaming tokens for real currencies

Aiming to reach the core of the popular and expanding gaming industry, blockchain developers decided to create ULTICoin.

The coin started to be designed in 2017 by a team of experts in gaming — and gamers themselves — who understanding the market very well spotted the opportunity of deploying crypto technology to unlock the billions of dollars that are locked inside video games features and different realities.

ULTI Coin is the first-of-its-kind allowing players to get ‘real’ money’ from their games. ULTI Coin is new cryptocurrency that implements and manages in-game virtual currencies. Purpose of ULTICoin is exchanging in-game currencies for ULTI Tokens, which allows gamers to become users of ULTICoin, and exchange ULTI Tokens for at currencies or any other in-game currency.

“Our aim is to partner with as many gaming companies as possible. In any game, you gather tokens which now with ULTI coin can be exchanged for real money,” said Nadja Jovovic, consultant at ULTCoin.

“Our project is built on Ethereum blockchain, which means users get the speed, safety and transparency from Ethereum network,” said Sergej Belavin, senior consultant at ULTI Coin

ULTI will soon be listed on different crypto exchanges around the world which will allow gamers to trade their gaming coins to other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and eventually fiat values.

The team behind the idea and development of ULTI Coin have long experience in the gaming industry, offering expert insight and understanding of what it takes to make ULTI successful in the market. Sinisa Milic, CEO and Petar Bozic, Co-Founder, have combined knowlegde of engineerging business and share a passion for exploring the possibilities of decentralised technologies.

Stefania Barbaglio, Cassiopeia Director and Blockchain PR Strategist and Advisor to ULTICoin, commented: “There are 25,000 e-gaming platforms worldwide, which generate USD$20 to 40 billion in revenue, a figure set to continue growing . ULTICoin is the first ‘real money’ token in gaming, a new cryptocurrency that manages in-game virtual currencies, enabling gamers to unlock the billions of dollars inside video game features.”

Gaming market is bigger than Hollywood, says Internet pioneer Bill Louden

In an exclusive interview for the FinancialFox TV Show, Bill Louden, internet pioneer and Non-Exec Director at London-listed Online Blockchain plc (OBC), commented about the company’s latest move into crypto gaming and ensures the future is bright for those in investing and working in this sector.

“It is a hundred billion-dollar industry, bigger than Hollywood; there’s huge scope for growth” that’s how Bill Louden defines the gaming market. Bill is a tech pioneer, having witnessed and been part of the advent of the internet, now bringing his expertise and knowledge to progress Online Blockchain (OBC).

Online Blockchain plc evolved from On-Line plc, one of the first tech companies to gain ground during the dot com boom — now exploring the opportunities arising from the blockchain revolution.

Two weeks ago, OBC announced it bought a 35% stake in the fast-growing US-based crypto development team Encryptid Gaming Inc. Encryptid is exploring the multiple elements of Ethereum blockchain and applying them to games to spice up the gaming experience.

Indeed, the market show favour for this investment: according to research from New Zoo, the global games market is set to reach $137.9 Billion in 2018 — an increase of 13% from 2017’s figures. Mobile gaming represents more than half of the entire market in 2018, following a decade of double-digit growth since the emergence of smartphones. Consumer spending on games is also expected to grow to $180.1 billion by 2021.

As it is characteristic of this disruptive technology, blockchain will enable a new generation of games to be more flexible, stimulating and, of course, profitable. “Gamers are comfortable with adopting cryptocurrencies and blockchain in practice”, says Bill, as they are already used to using digital currencies.

Like Bill Louden, OBC CEO Clem Chambers has long experience in tech innovation as well as games. “I have worked in and been at the forefront of the gaming world since the early 90s and seen many developments. The advent of blockchain technology opens up a new adventure and a multitude of possibilities. I am looking forward to this blockchain-enabled gaming future,” said Chambers in light of OBC investment in crypto gaming.

Encryptid employs Steam platform for its developments. Steam is a dominant digital platform in gaming and the largest digital distribution platform for PC gaming estimated to have 75% of the market space. By early 2018, the service had over 150 million registered accounts and is available in 26 languages.

The implementation of blockchain into gaming enhances user experience at many levels. Because of its decentralised nature, players can take companions and items to different worlds within the gaming universe, increasing participation, engagement and dynamics.

Kyle Stratis of Encryptid Gaming Inc. said that blockchain opens up opportunities and new experiences for gamers and that OBC is the right partner for it: “Not only are we building a universe, but we will be transforming gaming by leveraging the exciting possibilities of blockchain technology.”

Watch interview with Bill Louden here

Blockchain enters the gaming market, sparking a new generation of gaming experiences

In addition to Blockchain’s already long list of possible uses, the revolutionary technology is now entering one of the most promising sectors within the tech industry: the gaming market.

Gaming has long passed the point of being a simple part of the entertainment market. It has now become an industry in its own right, a very successful one at that, which has shown steady growth for years.

According to New Zoo, the global games market is set to reach $137.9 Billion in 2018, resulting in an increase of 13% from 2017’s figures. Mobile gaming represents more than half of the entire market, following a decade of double-digit growth since the emergence of smartphones. Consumer spending on games is also expected to grow to $180.1 billion by 2021.

Much like the disruption it is causing in many other industries, blockchain will enable a new generation of games to be more flexible, stimulating and, of course, profitable. There has been increasing interest in blockchain appliances from gaming companies. Over the last few years, there have been more than 50 ICOs for gaming-focused projects, the top 10 fundraisers reaching over $323 million alone.

The introduction of blockchain technology enhances the user experience, adding to the existing gaming dynamics and genres. For example, by applying blockchain, users are able to take companions and different items to each world within their gaming universe.

Online Blockchain plc (LSE:OBBC), a UKleading blockchain company, has joined this trend by acquiring a 35% stake in the fast-growing USA-based crypto development team Encryptid Gaming Inc. Encryptid is exploring the multiple elements of Ethereum blockchain and applying them to games to spice up the gaming experience.

Online Blockchain plc evolved from On-Line plc, one the first tech companies to gain ground during the dotcom boom. OBC CEO Clem Chambers is a veteran in the gaming world: “I have worked in and been at the forefront of the gaming world since the early 90s and seen many developments. The advent of blockchain technology opens up a new adventure and a multitude of possibilities. I am looking forward to this blockchain-enabled gaming future,” said Chambers on a company statement (link)

Kyle Stratis of Encryptid Gaming Inc said that blockchain opens up opportunities and new experiences for gamers: “Not only are we building a universe, but we will be transforming gaming by leveraging the exciting possibilities of blockchain technology.”