Connect with us


Cryptocurrency or Non Fungible Tokens: The future for gaming industry



There has been a lot of exciting announcements around the cryptocurrency gaming industry. Sales of Non Fungible tokens has been really crazy.

There has been a lot of exciting announcements around the cryptocurrency gaming industry in particular over the last year. Some of these big announcements have been from big players that have been getting involved in the crypto gaming industry.


Non Fungible Tokens

Non Fungible Tokens are collector’s items, unique playing cards, pokemon, crypto kitties and of these different things. In order for Non Fungible Tokens to exist, we need to have the right tokens that will allow the existence of these unique assets. ERC-721, ERC-1155 and ERC-998 token standards allowed for things like the owning of unique assets, lowering gas cost etc. which are very important when it comes to actually have a game that you can play that lets people easily swap or interact with these unique game items and that’s just on Ethereum. But Ethereum is not the only big blockchain working on the gaming industry.

As Non Fungible tokens are rising, we obviously need some exchange to trade these tokens. Thus, welcoming NFT or Non Fungible Token marketplaces. CryptoKitties is one of the big initial use cases of Non Fungible Tokens but we have seen the marketplaces for Non Fungible Tokens increasing. We have OpenSea and RareBits which came on earlier in the year allowing users to very easily sell their game assets directly outside of the game’s internal environment.


Sale of Non Fungible Tokens

Sales of Non Fungible tokens over the last year has been really crazy. We had a GodsUnchained card which was sold for $60,000, we have a crypto kitty which was sold for $170,000 and we have a virtual real estate selling on Decentraland for $200,000. All these events show that there is money interested in these virtual assets and in playing these virtual games there are a lot of people that are interested in having that experience. In terms of experiences, we are seeing more second layer applications being built by third-party developers to help expand these ecosystems.


User Experience

An important part of this developing ecosystem is, of course, the user experience. It’s going to be hard for us to ever attract people to come from their very easy user experience game to a blockchain game unless the experience is good. Metamask is quite awesome and has been an industry standard for quite a while but the still the user-friendliness is not totally there. We have been seeing more efforts to make the overall experience of interacting with blockchains and blockchain based Dapps more user-friendly. For example, Opera has now integrated an Ethereum wallet that will be a really important step. Now we need to see Firefox, Google Chrome, and others actually integrate wallets into the browser to make it easier to interact with blockchains on the internet. Opera was the first mover in terms of actually offering an integrated blockchain experience into their browser, others will certainly follow.


Ethereum’s scalability issue:

CryptoKitties interestingly proved a very important point about Ethereum that it has serious scalability issues.  The interesting thing to see is that other blockchains are moving in to fill in that space. We can see more and more people looking to develop their blockchain based games over on EOS. Tron is putting on the table $100 million for a development fund specifically focused on getting people to build games on TRON which is a serious commitment to the gaming industry and if TRON can get some giant game built on it, it could be massive.



Cocos has just launched their testnet and it is one of the world’s biggest game engines. There are so many developers that are building their games on top of Cocos and to see them actually bringing in this blockchain implementation is very significant and will be a big boost to the overall cryptocurrency gaming space. This is a team that understands what it takes to build games, to bring games to life, what developers need and obviously how to integrate all of this with the blockchain.


The potential use case for cryptocurrency and gaming is very exciting. Imagine if we had a Fortnite or a World of Warcraft built using blockchain for people who are having to interact with blockchain all the time. This would be massive in terms of actually driving demand for cryptocurrencies even if just for fractional amounts of Gas it could be huge without a doubt.


Adoption: Courts in France adopt blockchain technology



The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.


The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.


The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.


According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.


According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

Continue Reading


HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea



HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.


HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.


According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.


HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

Continue Reading


World’s biggest Blockchain ETF on London Stock Exchange



The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.


World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.


The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.