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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.

Beyond The Void:

The multiplayer game debuts in November’s ‘Money2020’ and CoinAgenda industry events in Las Vegas. ‘Beyond The Void’ is launching a token crowd sale in partnership with decentralized conglomerate OpenLedger and crowdfunding group. The game aims to combine a blockchain based Initial Coin Offering with a blockchain token economy.

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.

The world economy is undergoing a massive shift owing to the development and applications of disruptive technologies. While these technologies are facing heavy skepticism, some are optimistic about their impact. United States has been doing fine in the aftermath of 2008’s great recession. But most parts of the world are still feeling the sting of the event. To recover from the same, the Central banks are employing monetary policies that might be not desirable. One such policy is negative interest rates. While such policy might set a dangerous precedent for global economy, it gives an opportunity for alternatives to thrive. Negative interest rate might fuel the growth of cryptographically backed open blockchain assets.

Problems with Negative Interest Rates:

Sweden, Japan and Switzerland are among the countries that are currently imposing negative interest rates. Negative interest rates essentially mean charging users to store money in the bank. This is to stimulate borrowing which would help a suffering economy. This becomes reason for central bank to print more money known as ‘Quantitative Easing’.

This policy would clearly push people to look for alternatives which can be a service that reflects growth rather than contraction. Holding cash would be more lucrative for people in a negative interest rate environment. But this would be difficult due to security and storage issues. This is where Bitcoin and Blockchain can be a savior.

Role of Bitcoin and Blockchain:

Bitcoin and Blockchain are still in the growing stages and looked up to as much sorted alternatives. Their ability to store money and the probable increase in its value owing to its adoption is what makes them great alternatives for the existing system. For this to be effectively formulated, entrepreneurs must be educated about the importance of Bitcoin and open blockchain. This means promoting it as an engine of economic growth and financial inclusion.

Transparency, combined with tools such as programmable agreements, ranks among the most exciting characteristics of open blockchain assets. As such, these assets are expected to be considered highly impactful to the future of the global economy. With further work, existing long term problems like negative interest rates might be mitigated and economy can be reconstructed around these assets.

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The confluence of Blockchain and MOBA gaming – ‘Beyond The Void’