Connect with us

zephyrnet

How the Gaming Industry Can Benefit from Blockchain Technology

Avatar

Published

on

Blockchain-friendly games

Have you ever spent an hour or two watching
someone playing a video-game? Basically, this question has two possible
answers:

“Yes, of course, who hasn’t?” if you are
less than 35 years old, or;

“What? People actually do that?” if you are older than 35. Certainly, some exceptions may apply to this rule, but this introduction serves to say that eSports are a fairly new industry and its growth has been remarkable. It is common to have sports channels all over the world broadcast live gaming competitions from franchises like EA Sports FIFA and Counter-Strike as well as League of Legends and others…

According to the World Economic Forum, between 2019 and 2020 this industry will reach the 1 billion dollar revenue mark and we know it will not stop there.

Knowing this and knowing that all gamers
are tech-savvy, it is not difficult to imagine the integration of blockchain
technology
in the gaming industry and this is what we will cover next.

Currently, there is not yet a killer use case for blockchain in this industry. Much has been researched and tested but the main barrier of the blockchain technology also impacts the gaming industry: scalability. The first popular blockchain game was CryptoKitties, which was built on the Ethereum blockchain and saw one of its collectables sold for around $117.000. The hype around the game clogged up the network and put a question mark on such games.

In-game Purchases

Besides this, there are several partnerships trying to incorporate existing blockchains and their respective tokens into the gaming industry by allowing a fast and reliable transaction for in-game purchases and also by creating funds to provide developers and gaming experts with advice, funds, and access to partnerships to develop blockchain-friendly games.

Potential for Improvements

When we try to understand where the integration of blockchain in gaming can go, there is one aspect that pops up consistently: account ownership. In games where the characters improve through “equipment” that player use during gameplay, the accounts are gaining real value. With this, the probabilities of fraudulent hackers gaining interest in such games also increase. It is then fundamental to have a way to prove ownership of such accounts. This, in turn, makes them as secure as possible for players. If you are thinking that it can be achieved through blockchain, you are correct. It is still not implemented in the major games where the in-game purchases reach impressive values, but it is definitely the next step.

In addition to its potential to help improve account ownership control, blockchain could also allow companies to track down all the items that were sold, ever since their creation and with this create a reliable and immutable ledger of all the game collectables that would further improve its credibility and value.

Finally, we might see soon the more financial side of blockchain apply to tournament prizes and awards. In such a global sport as eGames, not everyone wants to be paid in dollars or euros. Furthermore, cryptocurrencies might constitute an escape route for this issue.

Wrap Up

It is clear that eSports are going to achieve an honourable reputation. This includes improvements in both the business volume and the number of players in the eSports landscape. Blockchain integration in a popular game might arrive one day. But for now, it is important that more games develop natively onto the blockchain. This ensures that functionality and effectiveness actually pay off for the big producers to start investing in such integration. Once they do, the rest will be an easy and smooth way for a fastest, safer and smarter gaming industry.

Source: https://www.blockchaineventslist.com/how-the-gaming-industry-can-benefit-from-blockchain-technology/

zephyrnet

Coinbase Custody selected by 21Shares for Bitcoin ETP

Avatar

Published

on

Coinbase

Today we’re proud to announce that 21Shares AG has chosen Coinbase Custody to store its digital assets for its Bitcoin ETP. 21Shares AG is listing its 21Shares Bitcoin ETP (ISIN: CH0454664001 — WKN A2T64E) on the Deutsche Börse’s Xetra electronic venue on Thursday July 2nd 2020. Coinbase Custody will serve as custodian for the underlying assets of their Bitcoin ETP.

21Shares selected Coinbase Custody after reviewing our institutional-grade offline storage solution, which includes world-class security, regulatory compliance and insurance coverage. Coinbase is committed to serving a wide spectrum of institutional clients and we are excited to be the chosen custodian for the 21Shares Bitcoin ETP, Europe’s first physically-backed bitcoin ETP.

Hany Rashwan, CEO at 21Shares AG, says, “21Shares is delighted to bring this historic product to Europe. We are honored to give investors access to the best performing asset class of the last decade and we believe the next ten years as well, through our simple, transparent, and regulated crypto ETP product suite.”

Coinbase Custody is the world’s largest and most trusted crypto custodian. To learn more about Coinbase Custody click here.

Source: https://blog.coinbase.com/coinbase-custody-selected-by-21shares-for-bitcoin-etp-a1b5dd380694?source=rss—-c114225aeaf7—4

Continue Reading

zephyrnet

Compound (COMP) is now available on Coinbase Earn

Avatar

Published

on

Coinbase

Earn COMP while learning how to borrow crypto and earn interest with Compound

Coinbase’s mission is to create an open financial system, where anyone in the world can participate on equal terms from their computer or smartphone. To bring this vision to life, we’ll need to make blockchain technology more accessible, both in the sense of making cryptocurrencies easier to obtain and easier to understand.

Coinbase Earn is a trusted source where customers all around the world can educate themselves about new developments in crypto and earn assets as rewards. Starting today, Coinbase customers can start earning Compound (COMP) by watching lessons and completing quizzes about the Compound protocol and its governance token COMP.

Compound (COMP) is an Ethereum token that governs the autonomous Compound protocol. The protocol allows anyone to borrow and lend Ethereum tokens through a decentralized market. Lenders earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.

The ability to earn crypto assets has become an increasingly important function in the crypto ecosystem — alongside buying, staking, voting, and mining — especially when paired with education.

Since the launch of Coinbase Earn in 2018, we’ve announced nine different assets, including 0x, Basic Attention Token, Zcash, Stellar Lumens, EOS, Dai, Tezos, Orchid and now Compound. In less than a year, asset issuers offered over $100M in crypto to distribute to our customers, and we have launched Earn internationally. As we expand globally, millions of people are gaining access to a trusted, secure, and legal bridge to the crypto economy — even if they don’t have a credit card or bank account with which to buy crypto.

Check out all Coinbase Earn campaigns through our homepage or access them directly through the Coinbase mobile app.

You can sign up for a Coinbase account here and download the iOS or Android app to start earning crypto today.

Coinbase receives a servicing fee from the participating asset issuer. Consideration for Coinbase Earn is wholly independent of our digital asset framework for new listings. Click here for our Earn FAQ and terms.

Source: https://blog.coinbase.com/compound-comp-is-now-available-on-coinbase-earn-74cb88acbf78?source=rss—-c114225aeaf7—4

Continue Reading

zephyrnet

Compound (COMP) is now available on Coinbase

Avatar

Published

on

Coinbase

Starting today, Coinbase supports Compound (COMP) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store COMP. COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state.

Compound (COMP)
Compound (COMP) is an Ethereum token that governs the Compound protocol. The protocol allows anyone to supply or borrow Ethereum tokens through a decentralized market. Suppliers earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.

One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We published a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see COMP here), as well as a new section of the Coinbase website to answer common questions about crypto.

You can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store COMP today.

Coinbase owns COMP tokens as a result of a 2018 investment in Compound. Coinbase intends to maintain its investment in Compound for the foreseeable future and maintains internal policies that address the timing of permissible disposition of its digital assets, including COMP tokens.

Source: https://blog.coinbase.com/compound-comp-is-now-available-on-coinbase-de42a317790c?source=rss—-c114225aeaf7—4

Continue Reading
Blockchain3 hours ago

The Nebulas blockchain project releases plans for a massive DeFi ecosystem!

Blockchain4 hours ago

Bitcoin, Ethereum lose August’s first round to small-caps

AR/VR5 hours ago

‘Hitman III’ VR Clip Confirms PS Move Support, Reveals Impressive Level of Detail

AR/VR5 hours ago

Psychic VR Lab Opens Applications for NEWVIEW Awards 2020

Blockchain6 hours ago

Bitcoin Cash, Tron, Synthetix Price Analysis: 13 August

Publications6 hours ago

IEA sees lower oil demand in 2020, 2021 on upsurge of coronavirus cases and stalling mobility

Publications7 hours ago

Coronavirus live updates: China says chicken imported from Brazil tests positive for virus; relief talks at a standstill

Publications7 hours ago

What a touch-free airplane bathroom is going to look like

AR/VR7 hours ago

‘Vox Machinae’ Quietly Added New Mechs, Weapons, & Co-op in Updates, Studio Has “Ambitious plans” for the Future

Cannabis8 hours ago

Can comedy normalize cannabis use?

Blockchain8 hours ago

Gold’s Sharp Rebound After Rout Hints Bitcoin En Route to $12K

Publications8 hours ago

Pompeo says Trump’s executive orders are ‘broader’ than just TikTok and WeChat, hinting at more action

Blockchain8 hours ago

Down to the Wire: Yam Finance Saved at the Last Minute

Blockchain8 hours ago

Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

Blockchain9 hours ago

Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018

Blockchain10 hours ago

Tron’s BitTorrent Network Reaches 2 Billion Downloads

Publications10 hours ago

Stock futures edge lower after S&P 500 closes just under a record

Blockchain11 hours ago

CoinList Exchange Struggles, but NEAR Disaster Averted

Publications11 hours ago

3 charts show China is far from meeting its ‘phase one’ trade commitment to the U.S.

Blockchain11 hours ago

Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short

Publications13 hours ago

Latin America will see ‘record-breaking contraction’ as the coronavirus shatters their economies, Goldman says

Blockchain13 hours ago

Analyst Who Called Bitcoin’s Tuesday Low Expects a Move to $13,000

Publications14 hours ago

Depression-like collapse is sparking a wartime-type boom, market bull Jim Paulsen predicts

Publications14 hours ago

Kamala Harris blames Trump for severity of U.S. coronavirus outbreak: He failed to take it ‘seriously from the start’

Automotive14 hours ago

2021 Hyundai Elantra N Line picks up where Elantra Sport, GT N Line leave off

Cannabis15 hours ago

New Jersey Medical Cannabis Patients Can Now Use Telehealth

Publications15 hours ago

Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases

Blockchain15 hours ago

Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

AI15 hours ago

Amazon Textract now available in Asia Pacific (Mumbai) and EU (Frankfurt) Regions 

Publications15 hours ago

Walt Disney World actors to return to work after company offers coronavirus tests

Publications16 hours ago

Uber CEO says its service will probably shut down temporarily in California if it’s forced to classify drivers as employees

Blockchain16 hours ago

Litecoin, VeChain, Algorand Price Analysis: 12 August

Cannabis16 hours ago

Can Marijuana Really Cause A Person To Become Aggressive?

Publications17 hours ago

Stocks making the biggest moves after hours: Lyft, Cisco, Vroom & more

Automotive17 hours ago

Meet Tucson, a stray dog who became Prime Hyundai’s newest car consultant

Cannabis17 hours ago

Trump And GOP Already Attacking Kamala Harris Over Marijuana Record

Publications17 hours ago

Cisco falls on disappointing quarterly guidance as revenue continues to drop

Publications17 hours ago

Lyft may suspend service in California if court requires it to classify drivers as employees

Blockchain17 hours ago

Is Chainlink riding the DeFi bubble?

Cannabis17 hours ago

$61M Worth of Drugs Discovered in Shipping Containers Filled With Cacti, Limes

Trending