Game time? Microsoft adopts Ethereum blockchain for gaming royalties
Microsoft’s blockchain platform expands for royalties management, but how will this impact the gaming sector as a whole? Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft and Big Four firm Ernst & Young announced the expansion of Microsoft’s blockchain-based solution to extend to gaming rights and royalties management.Paul Brody, blockchain lead at EY, told Cointelegraph that Microsoft’s blockchain solution for this particular use....
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Blockchain Gaming is a series of reviews and previews of games that utilize blockchain technology. This installment covers Beyond the Void, a real-time strategy game with MOBA elements woven into it. Like previous installments, it places in-game assets on the blockchain, but using Ethereum, instead. Blockchain gaming is now in style, with yet another successful cryptocurrency ICO. Whereas Spells of Genesis uses the Bitcoin blockchain to secure its in-game assets, Beyond the Void has integrated with Ethereum, its Turing-complete cousin. In a partnership with its predecessor, BtV managed to....
As the NFT and Metaverse gaming space continues to make leaps and bounds in 2022, we are slowly witnessing the evolution of the gaming space – not only in terms of story, character and gameplay but also the underlying economies which form the financial foundations of a given project. One example of this is Wizardia. Wizardia is an upcoming play-to-earn fantasy Metaverse game where players take on the role of unique wizards represented by NFTs and battle each other in a bid to earn valuable resources and level up their NFT avatars. Wizardia is built atop the Solana (SOL) blockchain, a....
Following the Activision Blizzard acquisition announcement, Microsoft CEO and chairman Satya Nadella stated that gaming “will play a key role in the development of metaverse platforms.” Microsoft Crop. is acquiring gaming giant Activision Blizzard Inc. for $69 billion as part of a move to ramp up its gaming and Metaverse plans. Activision Blizzard is home to a long list of iconic gaming franchises such as Call of Duty, Overwatch, Candy Crush, World of Warcraft and Tony Hawk’s Pro-Skater. Following the deal, its games are set to be added to Microsoft Xbox’s Game Pass service that has 25....
Microsoft and Ernst & Young LLP announced plans to use a blockchain platform to allow Microsoft’s Xbox gaming partners, artists, and content creators to track and manage their payments and royalty contracts.
Last week music startup Revelator raised around $2.5 million by offering a new kind of tracking for music rights and for allowing royalties to be more efficiently distributed to the correct owners. At the heart of their proposed technology is the Blockchain which can be used to effectively record any kind of transaction or event. Similar to other companies, Revelator is finding applications for the Blockchain in other unrelated industries - in this case - music. The drastic efficiency and real-time updating of Blockchain allows Revelator to track the use of digital goods and distribute....