The world of eSports depends heavily on player vs player and multiplayer combats at different levels. What makes it even more exciting is to bet proportionately on these combats and reap rewards for ones skill points. While officially various multiplayer games have their own style of reward schemes for various wagers, there has always been a need for a single currency that unites the games on one platform. Venturing out on the same lines, The International eBoost Society has announced a new cryptocurrency for use in eSports field. The eBoost token will be used as an in-game cryptocurrency to facilitate wagering in player-to-player matches. Let’s deep dive into how the currency might be a literal game changer:
About the currency:
The International eBoost Society is responsible for the creation, maintenance and promotion of the eBoost software token. It was initially used by eSports site Mockit and began its public crowdfunding exclusively at Bittrex. A development team led by cryptocurrency developer Jim Blasko is creating the token. eBoost will be a non-mineable, proof-of-work token, with 100 million coins authorized, up to 20 million of which were scheduled to be sold in a crowdsale.
eBoost in Rocket League:
RLTracker.pro provides live tracking for Rocket League ratings with Steam, PlayStation 4 and Xbox. eBoost, the in-game blockchain token for the eSports market, announced that it will become the loyalty token for RLTracker.pro. They plan to complete integration with eBoost in early 2017, coinciding with the launch of their site update and redesign.
“As RLTracker.pro grows, we require a more secure and decentralized solution for our loyalty tokens to provide our users with the best possible experience and add real-world value to it. After researching our options, we discovered that eBoost will provide the strong technology and versatility to serve as a perfect replacement for our tracker points.” said Daniel Samer, CEO of Rocket League Tracker.
What the future of eSport holds:
eBoost allows competitive gamers to bet on their own personal matches in skill-based competitive games. It can be used in applications worldwide, including wagering on eSports where legal. There is a strong possibility that given its flexibility, it will be adopted as the official cryptocurrencies for many games to come in eSports area. With games like ‘Beyond The Void’ going for their own kind of cryptocurrency, an eSport cryptocurrency exchange is surely on the cards.
Las Vegas recently hosted CoinAgenda 2016. It is a conference for both the mainstream who are new to Bitcoin and Blockchain investments and experienced investors in digital and blockchain assets to come together. In this edition, Ron Boesing, CEO of OpenLedgerand Bitcoin exchange CCEDK revealed the future plans for OpenLedger. From a successful career in the music industry to a switch to digital asset based investments, Ron has been relentless. Let’s look into the key takeaways from the interview:
The major switch
Ron Boesing was in the music industry for about 25 years. The financial crisis of 2008-09 hit the music industry hard leading to the closure of Ron’s record company. After two years of contemplation, Ron went back to college to take a bachelors course in ‘Export Technology Management’. In late 2014, he actually came in contact with Bitcoin and an old friend proposed the idea of establishing an exchange. In collaboration, they launched the first Bitcoin exchange out of Denmark (CCEDK). During the course of his cryptocurrency ventures, Ron fondly recollects that the journey was a continuous learning curve.
Currently OpenLedger has completed a year slowly phasing out CCEDK as planned. The idea was to make OpenLedger the gateway for fiat and cryptocurrency making it a decentralized exchange.
Traditional IPO vs ICO
When asked about how these ICO’s would differ from traditional IPO’s, Ron made it very clear that in ICO’s, the investors have an easy exit option. This means apart from investing, there is an option to move the funds from one cryptocurrency to another as a backup contingency. Ron explained that unlike other ICOs this doesn’t require a crowdfunding investment. It rather revolves around only investing in ICO’s and gaining the privileges. With the facility to the move the funds around, Ron believes it would resemble a cryptocurrency index.
Talking about the token sale of the projects OpenLedger would be associated with, Ron gave preliminary information about the same:
Bitcoin is triggering the waves of a huge paradigm shift with massive changes across many industries. It is no longer news that Bitcoin is changing the payments market by offering a cheaper and faster means of paying for goods and services. Bitcoin also has huge potentials to change the global economic landscape. Now, Bitcoin is precipitating another wave on change in the world of gaming by introducing new gaming concepts. This article provides a synopsis into the emerging trends of blockchain gaming.
What is blockchain gaming?
Blockchain gaming is a genre of gaming that involves the creation and use of items that you can trade on public blockchain systems. Blockchain gaming often involve the use of cryptocurrencies such as Bitcoin in the gaming economy. The main distinctive feature that sets blockchain gaming apart from other type of gaming trends is that the blockchain technology makes it easy for gamers to own their gaming economies.
If you are an avid gamer, you’ll have had the regular misfortune of hitting a large jackpot in a game when you complete a level, break through some barriers, or when you employ some ingenious problem-solving skills. However, it is practically impossible to convert your jackpot or wins into tangible real-life items. Hence, you success in gaming is often stuck in the game and you’ll only have bragging rights if have people who understand the game around you. Blockchain gaming allows gamers to access their wins and jackpot by using cryptocurrencies such as Bitcoin in the game economy or as a part of the game’s storyline.
Beyond The Void breaks out into blockchain gaming with Nexium
If you love playing real-time strategy RTS- Multiplayer Online Battle Arena (MOBA) games, you could start gearing up for some serious fun as Beyond The Void prepares to debut the first RTS-MOBA backed by blockchain technology. The game which will be launched the “Money2020” event in Las Vegas this week will combine a blockchain-based Initial Coin Offering (ICO) with a blockchain-token economy.
However, the currency of the game won’t be the already popular Bitcoin but a brand new cryptocurrency called Nexium. Beyond The Void is reportedly working with OpenLedger to launch the game as part of OpenLedger’s mission to propel the most interesting blockchain startups into the limelight. The new blockchain game is designed to reward both the developers and the gamer in what is being touted as the “next-generation gaming culture”.
More interesting is the fact that Beyond The Void blockchain technology wants to mine Nexium with games in the same way that people mine Bitcoin by solving hashes. Nexium will be burned over time in the game and the value of the Nexium will increase comparatively. More so, the value of Nexium has the potential to grow as the number of players in the game grows.
The beauty of cryptocurrencies and their underlying technology lie in the multitude of applications they offer. They can imbibe to any existing technology to give us a transformed output that might change the way we look at it completely. One such arena, which invites ledger based technology with open arms, would be gaming. The gaming industry has a huge market cap with Multiplayer Online Battle Arena leading from the front. This genre has heavy vested investments and features in eSports (video game competitions) with heavy prize money. With so much at stake, ‘Beyond The Void’, a new ‘free-to-play’ RTS-MOBA game can storm the gaming industry. This game kicks of with a token crowd sale with tokens as rewards for players. Let’s dive deep into the launch dynamics of the game:
The MOBA Market worth:
The net worth of MOBA market in 2016 was around $20 Billion with major market share concentrated in the east. League of Legends leads this market with a market share of whooping 66%. Next in line is DOTA 2 with market share of 14%. These games are more in control of the developers having quantized costs and trading facilities for items.
The vision behind the launch of this blockchain based game is to create a culture where the players own the ecosystem as much as the developers. The investors would benefit from this game in a unique fashion. These ICO tokens, named ‘Nexium’ will steadily burn over the time. The increasing scarcity of tokens increases their value. The game modifies itself such that as player base grows, so will the price of Nexium and blockchain assets.
Beyond The Void vs Traditional MOBA games:
The game is extremely competitive between players incite more growth in the growing e-sports space. It is free to play with major revenue streams being Nexium tokens, Ethereum blockchain assets, and player-owned economy. The game hopes to attract additional players with a player-driven economy. Players can own and trade buyable items in the game at will. Giving the players total control will create a whole new set of economic opportunities for players and the developers alike.
It would be interesting to note how this game would impact the MOBA industry and pave way for further Blockchain based games.
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