Lootboy and Signum reframe gaming industry through sustainable blockchain
Germany’s largest gaming start-up and the world’s first green blockchain Signum join hands to push the gaming industry towards more sustainable practices. Lootboy, a leading European gaming platform with over 10 million users, launches the world’s first green crypto coin Signa as a payment option.
New Partnership LootBoy & Signum
In a one-of-a-kind partnership, Lootboy and Signum are collaborating to enable a crypto payment system using the most sustainable blockchain and its green crypto coin Signa. A system of payments, incentives, and loyalty programmes using Signa will be rolled-out to a community of over 10 million gamers and users worldwide.
Until now, the gaming industry has yet to step on a path to reduce its carbon footprint. Recent figures show that gaming produces large amounts of waste, ranging from plastic casings of consoles to mined-metal circuit boards. Adding to this, the next generation games have huge power requirements and produce vast amounts of additional e-waste. In the US alone gaming platforms represent 34 terawatt-hours of energy consumption per year, equivalent to carbon dioxide emissions of over 5 million cars. Adding common blockchain technology and cryptocurrencies to the industry would only multiply the problem. Lootboy, keen to step into the crypto space, but aware of the environmental costs attached to it, decided to turn a corner.
“As an innovator in the gaming industry, Lootboy wants to do more in the space of crypto and blockchain, while moving away from energy-hungry technologies,” says André Kuschel, CEO of Lootboy. “Choosing Signum is the right way to go. Signum offers the same value as some of the bigger crypto players without the energy bill and the environmental nightmares attached to it.”
Barely three years old but with more than 10 million registered users, Lootboy is already one of the fastest growing European start-ups in the space of e-commerce and gaming. As they prepare to scale up globally, Lootboy was looking for a powerful but green solution for a crypto-enabled payment service.
The partnership between Lootboy and Signum, seemed the most natural thing to do. As a cutting-edge blockchain that powers the native cryptocoin Signa, Signum’s innovative blockchain has an energy consumption that is only 0.002% or less of bitcoin, while not producing any additional e-waste. Signum will handle future crypto payments for Lootboy using Signa as its native digital currency.
“Signum is a true pioneer in terms of combining innovative blockchain solutions at minimum environmental costs. One of the options is a payment solution that can be adapted by anyone with little effort. Looking at the market today, we can say that there is no other blockchain out there, that can do this better than Signum. And it took us only a few days to get everything up and running.” says André Kuschel. As many gamers come from a generation that may end up paying the bill for climate disasters, Lootboy is certain their users will recognize that working with Signum is a step in the right direction.
According to Benjamin Schroeter, Chairman of the Signum Network Association, Lootboy made the right choice to partner with Signum: “Sustainability is important to most, but especially to the younger generation. Embracing sustainability as a core principle creates a lot of value for stakeholders. Although Signum is only beginning to raise public awareness, many experts believe Signa to be the most undervalued coin today. The partnership with Lootboy is a big step towards getting that attention and awareness both Signum and Signa deserve.”
Lootboy will roll out its Signa payment system in a step-by-step process. As André explains, “we are tackling this strategically and are deliberately introducing this process slowly to more and more users. We also plan to use Signa to encourage loyalty and drive participation.” Lootboy will use Signum to develop a framework of payments, incentivization, and loyalty programs in the most sustainable way — and plans to open this solution to other players in the gaming industry later on.
The partnership between Signum and Lootboy is one of a kind for the gaming industry. It will hopefully reframe the industry and encourage more players to rethink how blockchains can be used in a sustainable way.
Signum is the world’s first truly sustainable blockchain, featuring world-class applications on a sustainable leading-edge blockchain architecture. Signum powers its native cryptocurrency Signa (SIGNA) at a minor fraction of energy and no additional e-waste, compared to other cryptocurrencies. Signum empowers users and developers around the world with innovative blockchain solutions for everyday life.
SNA is a Swiss Not-for-Profit Organization (founded in 2021) to provide a solid foundation for Signum to grow and fulfil its vision of a sustainable and innovative blockchain.
Find out more at https://signum.network/ or join Signum’s channels below.
Get Signa: https://signum.network/exchanges.html
Disclaimer: This is a paid post and should not be treated as news/advice.