Video game Dungeon Defenders II plans to utilize blockchain rewards system
Digital tokens are created on a blockchain platform within the game based on a comparison of skill levels.
Video game developer Trendy Entertainment has partnered with crypto rewards company Signal Zero to incorporate a skills-based blockchain rewards system in third-person strategy game Dungeon Defenders II.
The blockchain rewards protocol that will be integrated is known as Loot and digital assets are generated based on player proficiency. Tokens are spawned on the blockchain using a comparison of player performance.
Loot effectively opens up a new entry point to the crypto economy for the entire gaming industry, allowing game publishers and developers to share wealth with players without sacrificing any existing revenue generation.
Signal Zero explains the Loot crypto rewards system
Dungeon Defenders II will be the first “major game” to integrate Loot’s patent-pending mathematical rewards algorithm, according to a Signal Zero press release. The Loot protocol is still in development and is scheduled to be released in early 2019. The second installment of Dungeon Defenders was released in mid-2017.
Signal Zero anticipates that the Loot rewards system will allow players to earn tokens in one game and redeem those same tokens in other games or use them to make independent purchases or trades with other players.
The role-playing game blends elements of action, adventure, leveling, loot collection and battle. Dungeon Defenders II builds upon the previous version of the game by adding new combat and progression features and supporting single-player and four-person online cooperative multiplayer modes. The franchise, which began with the release of Dungeon Defenders way back in 2011, boasts almost 8 million downloads to date.
Dungeon Defenders II is free to download and is available on Xbox Live, Playstation Network and Steam.
Japanese tech giant GMO Internet has developed a new component within its gaming app that allows players to earn cryptocurrency. CryptoChips will enable players to be remunerated for achieving particular rankings, completing missions and acquiring items in the real-time battle game “Whimsical War”, launching August 2018.
In February this year, Atari, an early architect of arcade games and video game consoles, developed its own cryptocurrency, supported by a decentralized blockchain crypto-platform, for accessing digital entertainment.
Global Blockchain, an investment company involved in the distributed ledger space, has been tasked with developing a cryptocurrency wallet which will hold Vice Industry Tokens (VIT) for Playboy TV subscribers.
You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of the alternative coins on the market.
- Ethereum weekly price analysis 16 August: ether down but there’s a push for recovery
- Cybercriminals steal millions using fake ICOs to lure crypto victims: Kaspersky
- Venezuela to use petro as accounting unit
- XRP users are hunting an elusive bearwhale
- How Cardano’s latest update makes it easier to fairly valuate ADA