• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Rumble to Launch Bitcoin and Stablecoin Wallet in 2025

    Bitcoin ETF Inflows Surge to Record $40.62 Billion

    Bitcoin ETFs Achieve Record $40.62 Billion Inflows

    Metaplanet Issues $21.25M Bonds to Acquire Bitcoin

    Metaplanet Issues $25M Bonds for Bitcoin Acquisition

    Bitcoin Surges Past $100K Amid Market Instability

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    SEC Settles $50M Ripple Lawsuit

    SEC Reaches $50M Settlement with Ripple Over XRP Case

    World Liberty Financial Acquires 1,587 ETH for $3.5 Million

    Ripple Settles with SEC for $50 Million

    XRP Price Stalls Following SEC Settlement

    Fartcoin Team Reveals Leadership and Achieves Billion-Dollar Valuation

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Cryptocurrency Company Ripple Betting Big on Introducing Blockchain to Video Games

Hellen by Hellen
April 18, 2019
in Latest News
ripple

Ripple wants to integrate blockchain as a way for game developers to create new in-game marketplaces for digital goods. The plan is going down to the tune of $100 million (€88.93 million). And apart from improving the player experience itself, this huge investment will eventually allow companies, developers, and players to make money in-game.

“Now, blockchain will help game designers who’ve had a hard time facilitating an economy that can serve all types of players,” explained Ripple Xpring senior executive Ethan Beard. He is referring to the current open, third party-reliant marketplace for the world’s most popular games. Today, players go on eBay and other online market sites to spend hundreds to thousands of dollars buying game accounts, in-game items, and currency for popular games like PUBG, League of Legends, and World of Warcraft. Ripple’s $100-million plan to integrate blockchain into these popular video game platforms could eliminate the need for third-party sellers. “Game makers could bring such transactions inside the game.”

The development of this fund will be overseen by an initiative called Forte, a Silicon Valley-backed company that was founded by prominent gaming executives. Forte is reportedly advised by Coinbase Ventures, Battery Ventures, and Andreessen Horowitz. The growing interest of venture capitalist firms in the online gaming industry, particularly with its integration of blockchain and cryptocurrency, is a direct indication of just how big online gaming has become.

In fact, following the most recent cryptocurrency crash, U.Today reveals that the game CryptoKitties managed to retain their cryptocurrency value. During the height of the crypto bull market, the decentralised app (dApp), which is based on Ethereum, earned an extraordinary $100,000 (€88,930) for one digital cat. CryptoKitties is one of the earliest – and still thriving – attempts at leveraging blockchain tech for leisurely gaming. As Chief Platform Executive of Forte Brett Sayer explained: “CryptoKitties introduced what a blockchain could do. It showed the benefit of having a public record of transactions people could trust, and how an in-game economy is well suited to blockchain.”

Blockchain will be entering even larger markets as it integrates into the mainstream gaming industry. As each year passes the internet gaming industry grows, with a TuxSlots post listing the best selling online games of 2018. The site notes how League of Legends alone has over 100 million active players. Meanwhile, there are also 70 million active players for the Warcraft-based card game, Hearthstone. And for the first person shooter game Overwatch, there are over 35 million registered users across all platforms. This doesn’t even touch on the still burgeoning eSports tournaments across the world, which have already given away millions of dollars in cash prizes and other rewards.

In other words, there is no doubt that the integration of blockchain into online gaming is a good move for the entire industry’s future. Without the need for third party sellers, game developers and players will have a more direct and profitable way of exchanging in-game currencies and resources. In relation to this, there’s also the fact that Ripple has been moving around millions of dollars worth of the cryptocurrency XRP both this year and in the fourth quarter of 2018. All of these developments could be indicative of a much larger shift in how blockchain technologies will be developed for more industries this year compared to the last.

Tags: BlockchainCryptocurrencymediaRipplevideo games
Previous Post

New York-based Crypto Exchange—Gemini Set to Support SegWit

Next Post

U.S Government Likely to Increase its Spending on Blockchain Tech by 1000 Percent: IDC Report

Hellen

Hellen

Related Posts

World Liberty Financial Buys $3.5M Ethereum in Surprise Move

by Solomon M.
May 9, 2025

World Liberty Financial invests $3.5 million in Ethereum, sending signals of increased institutional interest amid market fluctuations.

XRP Price Stagnates Post $50M SEC Settlement

by Solomon M.
May 9, 2025

XRP's price remains flat despite Ripple's $50 million settlement with the SEC, influenced by Bitcoin's dominance.

Meta Targets Stablecoin for Crypto Comeback

by Solomon M.
May 9, 2025

Meta re-enters crypto with a stablecoin focus led by Zuckerberg, targeting small-dollar payments.

Meta Explores Stablecoin Strategy Under Mark Zuckerberg’s Leadership

by Solomon M.
May 9, 2025

Meta, led by Mark Zuckerberg, considers stablecoin strategy amid past crypto challenges.

Binance Leads April 2025 Crypto Exchange Market

by Solomon M.
May 9, 2025

Binance retains 38% market share in April 2025 despite a trading volume drop across centralized exchanges.

Binance Leads April 2025 Crypto Exchange Rankings

by Solomon M.
May 9, 2025

Binance retains top spot in April 2025 trading volume; Gate.io rises to second.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.