Categories: CryptoNews

Project ORB Will Focus On Tradeable Blockchain-based In-game Items

A gaming platform running on blockchain technology sounds like a very novel concept. A joint operation between IndieSquare and Spells of Genesis creator EverdreamSoft has lead to the projection of Project ORB. This platform will go into public beta over the next few days, with an official launch following a few weeks from today.

Revolutionizing Gaming With The Blockchain

One of the drawbacks about games today is how one cannot transfer ownership of assets or in-game items. While it takes a lot of time and effort to complete games and upgrade characters, there is no tangible reward for doing so. Granted, the feeling is improving within the game is priceless, but there is a market out there waiting to be explored.

ORB wants to address this issue, by focusing on tokenized game items on the blockchain. ORBs – can be transferred and traded by players around the world, and they can even be imported into multiple games. With the blockchain, supply of each tradeable asset can be locked, and there will be limited quantities available of every item. Spells of Genesis has been demonstrating these capabilities for quite some time now.

The Book of Orbs will be the mobile application supporting this concept. The application will be made available on both iOS and Android during the beta launch. Through an optimized interface, users can keep track of their blockchain-based in-game assets. Moreover, there will be an integrated marketplace to facilitate the trading of ORBs.



Related Post

Two games will be supported during the initial stages. Spells of Genesis, which was to be expected, and the to-be-released Force of Will. Both games are trading card-style offerings, with tokenized in-game assets available through the blockchain. Items from either game will be cross-compatible, which should make for an exciting ecosystem.

Onboarding more games will be the critical challenge moving forward. It would make a lot of sense to many game developers to use blockchain technology. Not only will it give games a wider appeal, but it will also add another social layer to gaming in general, Even single-player games can benefit from this technology.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

15 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

16 hours ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

2 days ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

2 days ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

3 days ago

Exponent Finance Launches V2 To Expand Institutional Yield Markets On Solana

From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…

3 days ago