Video Game Virtual Currencies - The forerunner to bitcoin
As someone who has worked in the publishing side of free to play video games for over seven years, virtual currencies have been part and parcel of my job since about 2007. In this article, I hope to share some of the background of how virtual currencies came to be one of the key ways the games industry monetises itself, and if there's some applicable....
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Virtual currencies have been around in video games almost since the beginning, in the form of precious coins, gems, or other eye-catching tokens of value. They're earned by completing objectives, and used to buy things like weapons, armor, or other fun virtual assets. Now MMO (Massive Multiplayer Online) games like World of Warcraft or EVE have spawned virtual currency-based markets for virtual goods, and their increasing immersiveness with technologies like the Oculus makes one question how virtual these currencies really are. None of these were cryptocurrencies, however (there's a....
Amazon has announced the introduction of Stream+, an in-game virtual currency on its Twitch platform. In its early days, Bitcoin was considered as an in-game currency. Even though Bitcoin turned out to be much more than that, the in-game virtual currencies represent a huge market in their own right. The fact is now reiterated by Amazon with the launch of Stream+, a virtual currency for Twitch game streaming platform. The upcoming Stream+ virtual currency was announced at the recently held TwitchCon annual convention. According to Amazon Game Studios, the Stream+ virtual currency will debut....
There is no better way than using games to teach new stuff to kids. Try reading out Satoshi Nakamoto's paper on Bitcoin to a kid and see the reaction. It is not going to work, but still it is essential to teach today's kids about bitcoin and other digital currencies. Minecraft to the rescue! The most popular video game, Minecraft can now be used to teach children about digital currency. A Minecraft game server by the name PlayMC has included bitcoin into its game environment, especially for children. It is not new for Minecraft world to have their own in-game currencies. Some game servers....
Integrating Bitcoin into video games is not a new phenomenon, but what about an actual physical game that is themed around the currency? Bitcoin Empire is what you get, the first ever Bitcoin-themed card game has arrived on Kickstarter. Bitcoin Empire: The First Ever Bitcoin Card Game. Bitcoin has a past with games, most notably with video games, being....
GameCredits, a cryptographic payments platform for gamers and game developers is set to integrate digital currencies including its own altcoin called GMC in three video games, one of which was released on September 2. "GameCredits is the first free open source gaming currency made by gamers for gamers and game developers," explained the GameCredits team. The company believes that the integration of cryptocurrencies in video games could help increase digital currency adoption, and spur mainstream adoption for many alt-coins. "We at GameCredits are breaching this chasm and are baldly....