On Tuesday, cryptocurrency company Ripple, together with Forte, announced an ambitious project to integrate blockchain technology into video games and set up a $ 100 million fund to support developers and develop cryptogaming. The fund's advisors were renowned companies such as Andreesen Horowitz, Coinbase Ventures and Battery Ventures.
Ethan also believes that blockchain technology provides a non-erasable ledger across multiple computers and offers a verifiable way to track digital assets - say, a sword or even a character between different owners in a game.
This is important because secondary markets for online games, even those that are very popular, are clumsy or not entirely legal. Beard notes that people will buy accounts from other players on eBay for hundreds of dollars or go to third-party sites to buy in-game currency such as "gold" in World of Warcraft. And if you integrate blockchain into their platforms, game manufacturers can bring such transactions into the game.
According to Bird, Xpring Ripple will distribute grants to game developers in the form of XRP, although he acknowledged that most recipients are likely to convert them into US dollars, given that services such as AWS accept only fiat currency.
Regarding the distribution of grants, Brett says they are aimed at game developers with more than 50 000 DAU (active users per day).
I would like to add that today 1000 DAU is considered an unattainable goal for many crypto games. The average figure is 100. Apparently, Ripple expects that in the next year or two, the number of crypto gamers will grow hundreds of times. It looks like the dawn of cryptogaming is waiting for us soon ... What do you think? Share your opinion in the comments below or in our chat.
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