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Online gaming and the crypto industry offer numerous parallels. Blockchain-based gaming has shown steady growth over the past few years. This appears to be a trend that will extend into the future. Various partnerships have gone a long way towards fueling this growth. This is especially true when the synergies of each mesh with strategic goals. It involved a partnership between Splinterlands and Game Credits.
Splinterlands has gained notoriety as a collectible card game powered by the HIVE blockchain. The game is designed to let players battle, trade and win against other players globally. Game transactions are fast and free.
Players can also win a limited quantity of digital assets. These assets can be sold and bought. They can also be traded or even rented out through a secondary market.
Game Credits was launched in 2014, This was one of the first crypto coins that focused its energy on the online gaming sector. Its business model is built on the idea of merging the gaming world with blockchain technology.
Changing directions a bit this year, Game Credits merged with NOVATOKEN in April. The latter formed the NOVA Blitz as a real time collectible card game. One of the attributes of this game is actual ownership of collected assets. They could still be sold, bought and traded. This also highlighted the idea of renting digital assets.
Game developers could add the option of in-game modernization. The idea of adding real prize pools and payouts for eSport tournaments were also part of the plan.
The new collaboration between Splinterlands and Game Credits is more of a merger of the two communities. This will promote future growth for each. It can also open the door to new opportunities. Many initiatives will be focused on increasing the use of blockchain technology in the gaming world.
Work on the Game Credits platform continues as part of the development phase. One initial accomplishment is staking GAME Credits. This is done via the Ethereum blockchain. The next initiative involves the interaction between in-game accounts. This would allow users to link to an Ethereum account to manage tokens. As of now, staking is the only function that has been enabled.
Staking involves the use of a wallet. Any wallet with ERC20 support can be used for GAME Credits. These credits are available through any number of exchanges. These should be considered utility tokens only. They would be used as intended as opposed to value speculation.
Every week, users have the ability to earn GAME Credits as rewards. There are 100,000 GAME Credits available every week.
Splinterlands role in this project is to provide a better understanding of blockchain-based assets in the gaming world. This mainly pertains to their possible value.