I’m really looking forward to this. It feels like adding #game #crypto #BTC is a way to get some organic traffic to a twitter post. I realize any #hashtag can be added to any post whether it is relevant or not, but let’s stick to what I’m currently enjoying #game #crypto.
This is the first thing I saw after the crypto and games search. A classic example of finding the easiest way to incorporate cryptocurrency and a game. Play my game and earn my cryptocurrency. Let’s dig deeper.
The link first took me to a Facebook Group with more information about the game and the exchange Deex. After some examination Deex is going to allow the trading and purchasing of the crypto-coin that powers the game Lordmancer 2.
Deex appears to be another decentralized exchange with it’s own ICO. At today’s ethereum ETH rate of near $900 a coin they have raised $6.6 million before their launch.
Lordmancer 2 also conducted an ICO for it’s in-game crypto. The most info I can find on the site made it seem it was ether based, they raised at least $1mil for the game, and ICO price was 2960 LCs per one Ether with a 9.8 million supply.
Some info about the game Lordmancer 2.
It’s currently out on beta for Android.
Seems ambitious Final Fantasy Tactics with clan fighting.
Uses its own eth based currency called LC (Lord Coin).
Looks like it is being developed in Unity3d, just call it a hunch.
A bunch of white dudes are developing it (lots of pics of them on the site)
Here is how the currency will work. Really similar to the World of Warcraft auction house including the service % cut.
The description of the auction house system is interesting. There is a 20% transaction fee, 10% from the buyer and 10% from the seller. 50% of the fee goes to a wallet to fund development and support. The other 50% is destroyed. I’m not necessarily sure why they would want to destroy the currency when there is already a limited supply. They are suggesting it will create more demand for their coin on outside markets and force a bullish price. The theory here is scarcity. 9.8million coins is a lot.
It could work out fine. The game may suck and it is not heavily adopted which makes the price for their crypto and in-game items very low. However, if the game is kick ass and gets a lot of player retention it may cause items to be worth much more because the coin is worth more due to scarcity.
Let me know if you try the game and feel free to share what you think about their cryptocurrency play.
The world keeps turning and the internet is still in its infancy. Cryptocurrency is certainly a newcomer and if you think about it, bitcoin is just 10 years old.
People often think of bitcoin as this digital thing that people started collecting by utilizing their computers to mine and now it is this digital money. While true, the real breakthrough beyond bitcoin being worth money is the driving piece of bitcoin called the blockchain.
The blockchain is where things get interesting and may have a potential fit for gaming. Quick and simple explanation time. The blockchain is a public ledger. Think of a hotel anonymized registration list that allows you or anyone else to see everyone that has ever stayed in a room of the hotel and for how long. That list continues to grow as the hotel continues to be open and the history can never be changed.
Blockchain technology in gaming seems like a no-brainer to me that will take more years to develop and catch on.
Here are some simple ways I think that cryptocurrency and blockchain technology could be used in the world of gaming.
Virtual currency or items – love it or hate it, it would be easy to use the blockchain ledger to track who has what items or currency. It would allow very creative economies to be created in games. Imagine a game like World of Warcraft that had a limited number of items and currency. The items and currency could be traded between players. It would really make the tradesman elements of the game more powerful. Leathersmithing could create items that have rarity traits to them that can be traded.
Game key codes – Right now we know that Steam game codes are a powerful form of currency. They are generated by Steam and redeemed by Steam. The main issue comes when trying to trade or sell keys for games that you may have in duplicate. There is no way to tell if a key is redeemed or not until you try to redeem it. That causes lots of issues for people buying game codes from 3rd party people because scammers can claim they have a fresh code, collect the money, give the used or fake code, and hide on the internet. With blockchain technology every code ever generated would be anonymized within the blockchain. A code can be verified if it is fresh, used, or fake by checking the ledger.
I have other ideas that could work with blockchain technology and games, but I want to save them to potentially build.
What do you think? Do you have any ideas for using cryptocurrency and its tech in games?
The safest thing in the world is to form an opinion and never stray from it. It’s like a castle with the front door always locked. The only issue is the library is outside the castle filled with people of a lot of different experiences and opinions.
It’s easy to be judgmental. It’s harder to just look at something for what it is at that moment. A living movie being played out right in front of you. No director. No way to know what’s really going to happen. That’s what I crave. Trying to dissect the tidbits of information in front of me. Look for trends. Look for opportunity costs. Evaluate the risks. Notice adoption and pop.
Currently, blockchain technology has us all in a stir. It feels like 2010 mobile or 1997 internet to me. There is just an energy around people and the desire to push to know more. I relate it to something I understand reasonably. That is games.
Sure everyone it trying to use blockchain for ledgers. A way to trace a mortgage potentially stopping another housing lending recession. Understand that your stalk of celery came from a farm in Peru by Truck 4PERU32Q then Train can K89KHN2, followed by another truck, and another, then your nearest grocer all with silly numbers we will now understand because they will have a context that matter to us as end consumers. Just as important as the consume by date on a gallon of milk.
Games and related services have a lot more opportunities with the blockchain because they start off digital with a business to consumer relationship. Hopefully, I stick with this blog long enough to see if the crud I say has any merit.
Does anything I say have merit? Depends on what you think of me. It’s all just opinions with the facts.