In the past few years, gaming has changed from being a solitary pursuit for expending some energy and a means to escape from real life to a lucrative business that could be leveraged across streaming sites and in multiplayer games to bring in some serious money. While first thought of as a fluke, companies are now focusing on making gaming pay.
Founded in 2015, California-based company HashCash Consultants, who specialize in blockchain technology, have developed The Gaming Exchange, a platform that will harness the excitement and profitability of gaming. The company has partnered with game developers to integrate blockchain technology into the platform in order to tokenize the game and provide a cash source for those who excel at it. This represents another example of the boom in utility tokens and their scope as a revenue source.
The Gateway of Live Streaming
This wouldn’t have been possible without the growth of live streaming changing how we view gaming. Live streaming has seen a huge boom over the past few years, as it allows players who are skilled in a certain type of game to show off these skills and sometimes turn them into money.
Twitch, the gaming platform launched in 2011 that boasts 45 million users per month, has turned multiplayer game tournaments into spectacles that garner a huge amount of players attempting to earn revenue through the affiliate program, as well as dozens of spectators, which raise the profile of the game.
Live streaming allows niche subjects to be broadcasted to a large audience, as shown by the 2017 World Pokémon Championships, which was live streamed despite being an invitation only event. As Betway shows, live roulette allows players to interact with real human dealers and a live roulette wheel gives a more immersive online casino experience.
The music industry has utilized live streaming to bring the world a Slash concert back in 2017 live streamed in VR from the Greater Los Angeles Zoo. Of course, as Chinese live streamer Yu Huabing – or Yewudao – has shown through his 3.5 million fans on Chinese live streaming site YY and the £100,000 he makes each month, you could even just live stream your actual life. Live streaming shows that there is a large enough audience to reach, and video gaming is one of the more tangible aspects of the technology’s uses.
The Rise of Cryptocurrency
The innovation of HashCash merges the profitability aspect of live streaming with the rise in tokenization and the value placed on cryptocurrency. The underlying blockchain aspect of cryptocurrency has already shown how it could change the music industry, with British singer Imogen Heap’s foray into blockchain when she launched her single on the Ethereum-backed Ujo platform in 2015. This then turned into the Mycelia project, which Heap hopes will use blockchain as a way of ensuring fairer payment to artists and traceability to their music, fixing some issues within the music industry.
The growing need for more cryptocurrency exchanges, as shown by Coinbase developing an Over-the-Counter exchange as a result of demand, shows that cryptocurrency is becoming a viable option for financial transactions. Cryptocurrency even aims at disrupting the current and established business practices, such as the SWIFT payments used in cross-border transactions, which would probably be replaced by the faster, cheaper, and safer Ripple-based blockchain cryptocurrency features.
The general consensus on Bitcoin and the growing ability to use it as a payment option means that HashCash offering tokens for gamers is a practical way of earning money. The idea has been used in pedometer app Sweatcoin, which offers tokens for steps made throughout the day, which can then be redeemed of prizes in the store, such as an iPhone, money towards a holiday, or cash. Utilizing blockchain to make gaming pay shows an innovative way to further improve the growing industry.
Once scoffed at, gamers are now finding more and more ways to make a sizeable income from doing what they love. The live streaming industry is set to grow from $30.29 billion in 2016 to more than $70 billion by 2021, which is made possible by companies like HashCash Consultants offering ways in which live streaming games can make a difference.
The rise of Twitch and the social community built off the back of it not only allows players to turn their previously ‘useless’ skills into a career, but galvanizes the future of entertainment and what people enjoy doing. Add to this the rise in cryptocurrency and the future looks bright for HashCash and the tokenization element it brings to gaming.
To know more, click here!
76230|CoinAll Launches a 10000 USDT New-User Campaign to Expand Community
CoinAll has today announced the launch of a new user campaign which will last a month and features a 10,000 USDT bonus pool. Users who complete the two-task mission will have a chance to share in the bonus. The campaign comprises two tasks. In task one, new users have to register on CoinAll and pass KYC1 verification.
In the second task, new users need to deposit CoinAll-listed cryptocurrencies into their accounts. Upon completion of the two tasks, they will get the bonus. The campaign is open to all digital asset traders from around the world.
Katherine Deng, General Manager of CoinAll stated,
“Community is the foundation of CoinAll. We hope to make it larger and stronger. Together with our users, we endeavor to make the industry better in the near future.”
CoinAll is a community-driven exchange, which means the users of the CoinAll community have the power to influence the development of the exchange. CoinAll also launches various promotions for the community as well.
For example, the blockchain quiz show “Who Wants to Be a COINALL-inaire” hosted in March, featured the industry’s first “decentralized question bank” and attracted hundreds of thousands of participants. By answering 10 questions correctly, users could take home hundreds of USDT in prizes. While enjoying the fun and bonuses, users also broadened their knowledge about blockchain technology.
By offering a variety of campaigns, CoinAll has rapidly established a community of tens of thousands of members.
Besides community development, CoinAll also spares no effort in offering high-quality blockchain projects to traders.
For example, COSM, which will be supported by Samsung’s latest flagship smartphone and is the first dApp partner of Samsung, was one of the very first offerings by the exchange. CoinAll has also listed other well-received projects such as BTT, ZIL, ONT, and Grin.
As an fast-emerging exchange, CoinAll was recognized as the first strategic partner of OKEx, the top-class exchange in the world. CoinAll is showing great ambition, pledging to become top-20 exchange in the world within 1 year with the help of OKEx.
“We feel grateful to our users,” said Katherine Deng. “And we want to give back to our community and make it larger and stronger. This time, our new campaign also reflects our great determination that CoinAll will continuously offer projects of high quality and good trading experience to global users.”
For more information about the promotion, please visit the link.
Related Links available on this link.
76220|HYBSE Lesotho [PTY] Ltd. launches new Stock Exchange!
Lesotho, South Africa, March 20 2019 – HYBSE Lesotho [PTY] Ltd. HYBSE has launched its exchange today, which allows traders to exchange and trade all financial instruments on a distributed ledger technology [DLT].
DLT assists in reducing inefficiencies and improve the speed of doing business by providing a single, shared version of events and implementation of standard business functions. The distributed ledger technology [DLT] and HYBSE technologies consolidate brokers, clearing houses, custodian escrows and settlements into one complete package.
HYBSE assumes the role of central equity exchange and functions as a central counter-party, through which financial transactions between different parties are handled and cleared on a global scale.
Day to day traders can now trade bluechip shares from all over the world on one platform. There are currently 17 companies being processed to trade on HYBSE, some of these include:
- Ð.Daimler Mercedes Benz
- Ð.SAP SE
- Ð.ABB STK N
- Ð.Amazon COM STK
- Ð.Apple Inc.
- Ð.Alphabet (Google)
- Ð.Investec Ltd.
- Ð.Old Mutual Ltd.
- Ð.Standard Bank Group
A selection of these companies will be open to trade going forward from today.
HYBSE is an online digital equity exchange, clearing, settlement, custodian and money market platform, using Digital ledger echnologies [DLT]. The HYBSE has a licence from The Kingdom of Lesotho and offers small and medium enterprises [SME’s], as well as the general market to seek and access global capital.
The HYBSE is a borderless, user-friendly platform were equity securities such as shares, and other currencies are traded 24 hours a day throughout the year
For more information, visit our official website!
Follow on Twitter
World Wire is based on standards developed by SWIFT, says IBM’s Head of Blockchain Solutions
Ripple partner SBI Holdings announces foray into mining space; will compete with giants Nvidia and Bitmain
Tron-based USDT: Huobi Global, OKEx and Gate.io announce support for new TRC-20-based Tether
Ethereum [ETH/USD] Price Analysis: Coin bids adieu to bull market as bears take over
DigiByte [DGB] soars by 9.7% as online movement for Coinbase addition gains momentum
Flash hike: Qtum skyrockets by over 36% in 1-hour after Apple Pay & Samsung Pay announcement
Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits
Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino
Bitcoin Cash [BCH] Price Analysis: Bears return as market correction precipitates decline
Bitcoin [BTC]: Dubai gets its first ATM; users can acquire BTC using any fiat currency
CFTC Commissioner: Regulated cryptocurrency market could attract institutional investors
Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner
Binance is going country-hunting in search of their ‘regulatory paradise,’ says report