Other

13/03/19 12:07 UTC-4

Ripple cryptocurrency company plans to integrate blockchain technology into video games

Ripple cryptocurrency company plans to integrate blockchain technology into video games
Ripple introduces blockchain technology into video games

Ripple cryptocurrency company plans to integrate blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology into video games and remake the gaming industry, creating a new way to create in-game tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platforms for digital goods, – announced in his Twitter Ethan Beard, senior director of development at Ripple Xpring.

Part of the Ripple plan for integrating blockchain technology into the gameplay is a developer fund that raised $ 100 million and will be overseen by Forte, a San Francisco-based company founded by gaming executives.

Interesting in the section: xRapid payment system. Cryptocurrencies and banking

Ethan Beard said that video games have long been introducing new technologies – from PCs to mobile devices.

"Now the blockchain will help game designers who have had difficulty creating projects."

Beard points out that gamers will be able to buy accounts of 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.

"By integrating the blockchain technology into their platforms, game manufacturers could bring such transactions into the game."

 

Development Fund

The $ 100 million development fund will enable Ripple to expand its blockchain services beyond the core business of financial messaging software.

Interesting in the section: Crowdfunding as a way to invest in cryptocurrency or present your own project

Beard adds that Xpring Ripple will distribute grants to game developers in the form of XRP, although he expects most recipients are likely to convert them into US dollars.

Forte and Ripple explained that they target game developers with more than 50,000 daily active users.

Ripple together with Forte are introducing blockchain technology into video games. The goal is to introduce Interledger, Codius and XRP into the platform architecture to maximize inter-operator collaboration, security and liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
.

Thanks to this technical base, combined with other core technologies, tools and easy-to-use services, Forte creates one of the most interesting platforms that will allow developers to reach an audience of a wide range of consumers.

Forte is also heavily focused on great gameplay, new user behavior patterns and provides the best experience for developers and players.

"We believe that Forte is the right team to solve these problems and, ultimately, for the mass adoption of crypto-games."

Editor: Godfrid Brower

See also: "IBM together with Shuttle Holdings launches a cryptographic service"

#cryptocurrency #Ripple #blockchain #videogames

Comments

Similar

20/03/19 10:41 UTC-4

155 patents: Craig Wright continues to shock the crypto-community

Two news stories about the comic character Craig Wright appeared on the network, who have claimed to be the creator of Bitcoin for several years already. This week, Wright filed several patent applications, including smart-contracts and several cryptocurrencies. After his "patent trolling" was ridiculed on the net, Craig Wright deleted his Twitter account.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other