How ICOs can take gaming to the next level
Blockchain technology is revolutionizing gaming. More and more companies are adopting this relatively new tech, due to the well-known benefits it brings in terms of security, fairness of games and financial as well as in-game transactions. On the other hand, there are still several recognized brands who are yet to incorporate blockchain into their service, high profile names like Lucky Creek and PartyCasino are prime examples. In spite of this, we have highlighted some ICOs that can take the gaming industry to the next level.
BitGuild was found in 2017 by Jared Psigoda. It is an ICO that has been built by gamers for gamers. Its blockchain systems offers a safe and cheap way of trading currency. It provides an efficient platform for developers and gamers. Using blockchain technology, players and developers can experience full ownership of in-game assets, which means that players will be able to do cross-game trading of items which each other. Right off the bat, BitGuild aims to provide a more efficient platform for both gamers and developers.
ALAX was co-founded by Matej Michalko, who has nearly ten years of experience in cryptocurrency and blockchain, and also by Kalvin Feng, CEO of Dragonfly. Dragonfly is a mobile game distributor, so this benefits the developers and the gamers. ALAX uses DECENT’s blockchain technology to deliver transparent tractions and easy payments to improve mobile gaming. ALAX focuses on helping new markets in the mobile gaming industry using the blockchain platform. The aim is to bring games to everyone, especially those consumers in emerging markets who may not have the latest smartphones.
DreamTeam is an e-Sport & gaming recruitment and management network. It looks to improve the eSports gaming industry, which currently isn’t completely secure. Fraud is common and teams have issues with non-payments. By using a blockchain system for e-sports and gaming, DreamTeam has established itself in the industry. Alexander Kokhanovskyy is one of the co-founders of DreamTeam, who has nearly 20 years of experience in the eSports industry. The other founder is Vlad Panchenko, who also owns Dmarket. They look to implement their first prize money pay out before mid 2019.
JOY Token ERC
Joy Token ERC is run by Andrew MacDonald and Mike Leys. MacDonald has 20 years of experience in retail and online gaming, and Mike has nearly 40 years of professional experience with 30 years working in the marketing sector. JoyToken looks to solve the main issues that online gambling has with blockchain systems: trust between gamers and casinos, high cost, and high-risk launches.
By using the blockchain system, it will be easier to create trust through smart contracts. When a game ends, the smart contract can access a user’s wallet and credit winnings. Users and gamers will be able to trust that they are provided with a game which is fair and free from cheating. Developers will be able to make money in real time. Plus, when a game has been released, there won’t be regulation compliance or licenses needed, and the game will be legal to play all over the world.
So there you have it, four ICOs who are looking to revolutionize the gaming industry. These entities look to address concerns traditionally associated with the crypto world and in so doing will inevitably make the technology more mainstream.