Blockchain gaming platform PlayGame secures funding from TRON

PlayGame, Indonesia-based blockchain gaming platform announced today that TRON has injected an undisclosed amount into the company. TRON is …

PlayGame, Indonesia-based blockchain gaming platform announced today that TRON has injected an undisclosed amount into the company. TRON is a decentralised blockchain-based protocol that aims to build a worldwide free content entertainment system.

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TRON’s investment to PlayGame is said to be focussed on accelerating the company’s plan to launch Proof of Play and crypto payment gateway. Carrying the mission to introduce the blockchain-gaming, the funding will also be used to support expansion plans in South East Asia, Japan, Korea, China, and other key-growth markets and to simultaneously build partnership and alliances with strategic partners.

PlayGame was launched in June 2018 by Anton Soeharyo, who was the former CEO of Touchten Games, one of Indonesia’s leading game developer.

PlayGame seeks to overcome hurdles that game developers face regarding the lack of transparency, piracy issues, inefficient payment calculation, and distribution in the industry using a smart contract platform. It allows game publishers, developers, crypto-enthusiasts, and gaming communities around the world to monetise the use of cryptocurrencies without a single deduction to their revenue and make sure all activities and transactions are transparent.

Within a relatively short amount of time, PlayGame has managed to have over 67 per cent paid competition with an average of 272 PXG and two times more players competing in paid competition. The biggest PXG issued was 500,000 PXG, and a total of 59 per cent players on the platform do have PXG on their account.

Also Read: Blockchain-based information curation startup Band Protocol secures US$3M seed funding

Aside from backing PlayGame, TRON has also announced the launch of a US$100 million blockchain gaming fund to speed up the integration of cryptocurrencies with gaming in three year span. The fund will support the establishment of TRON Arcade to generate more ideas and transform them into actual games to empower developers.

Image Credit: PlayGame

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Rostec subsidiary partners with blockchain platform Vostok

National Center for Informatization, a subsidiary of Russian manufacturing conglomerate Rostec, has entered into a partnership with blockchain …

National Center for Informatization, a subsidiary of Russian manufacturing conglomerate Rostec, has entered into a partnership with blockchain platform Vostok, Cointelegraph reported referring to a report from Russian news agency Tass.

In December 2018, Blockchain startup Waves raised $120 million in a funding round to launch its private blockchain platform and system integrator, Vostok.

Under the agreement, Vostok will develop blockchain-based solutions for NC to implement in joint infrastructure projects.

“The partnership with Vostok will give the NCI the opportunity to develop competencies in the implementation of blockchain technologies at the municipal, regional and federal levels,” TASS said (as quoted by Cointelegraph).

In September 2018, Rostec signed an agreement with Vostok to develop a data management system based on blockchain technology. The companies planned to invest a combined $2 million in the project, which aimed to bring blockchain technology to Rostec’s operations, including standardizing, collecting and analyzing data about the manufactured products, which include both military and civilian goods.

In addition to Rostec, Vostec has also teamed up with Russian bank Sberbank, transport tech company Transmashholding, Russian development bank VEB.RF, and Kazakhstan telecom firm Transtelecom.

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China’s Search Giant Baidu Launches Blockchain Platform for Easy Dapp Development

Chinese internet giant Baidu has announced the launch of a blockchain platform for the easy development and deployment of decentralized …

Chinese internet giant Baidu has announced the launch of a blockchain platform for the easy development and deployment of decentralized applications.

The platform which is called Baidu Blockchain Engine (BBE) is described as an operating system that will allow developers to create applications in the same way that one does for smartphones. Baidu’s cloud division is responsible for the creation of the platform.

Built on a modular framework, the BBE offers 6 major features: trusted computing environment; cross-chain interactions; high performance, scalable storage and throughput; smart contract security auditing; and intelligent smart contracts.

The platform is also modular in nature, meaning it will offer smart contract and dapp templates for easy creation of dapps.

The Baidu blockchain engine BBE uses the pluggable blockchain framework to provide developers with a complete multi-chain, middle-tier and various contract templates, Dapp templates and other services to make the development of blockchain business systems faster. Simple, the announcement states.

The platform is built on an Artificial Intelligence, big data and cloud computing technology stack, which Baidu hopes will help commercialize blockchain technology. The company will also allow businesses to use the platform as a Blockchain-as-a-Service platform, granting features as private chains and customizable applications to businesses that want to deploy the technology in their existing workflows.

Baidu has previously shown a lot of interest in blockchain technology, having released a whitepaper on its very own blockchain. Some applications have also been released. The white paper describes Baidu’s Super Chain, which supports parallel side chains.

The TRON project last year announced that it will be using Baidu’s cloud computing services to power its project, setting itself up to launch blockchain products on the Baidu Cloud.

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Wall Street Crypto Insider: Ethereum Futures Would Create Healthy Markets

Chippas he wrote that Ethereum futures on regulated markets would be consistent with the CFTC’s M.O. of facilitating “open, transparent, competitive, …

ErisX To CFTC: Ethereum Futures Would Be Positive

Last year, as the crypto market stumbled, ErisX, instantly deemed a potential competitor to Bakkt, was unveiled to the desperate Bitcoin community. Yet, since the American upstart first hit headlines, the company, who has strategic partnerships with Bitmain, ConsenSys, Digital Currency Group, Nasdaq, TD Ameritrade, among other groups, has released scant public information about its operations.

But, ErisX chief Thomas Chippas, a Wall Street legend that once on the C-suites/boards of Citadel, Citi, Barclays, and Deutsche Bank, recently filed a letter to the U.S. Commodity Futures Trading Commission (CFTC)outlining the importance of Ethereum-backed futures.

The legacy markets veteran simply stated that the introduction of a “regulated futures contract” on Ether would have a “positive impact” both on the asset’s ecosystem and the underlying market. Chippas added that thus, the CFTC “plays an important and vital role” in enabling investors, whether they hail from institutional or consumer backgrounds, to participate in the Ethereum ecosystem and market.

ErisX’s chief even hinted at the fact that it is only logical for the CFTC’s commissioners, who have overtly shown love for Bitcoin historically, to accept the listing of such a vehicle. Chippas he wrote that Ethereum futures on regulated markets would be consistent with the CFTC’s M.O. of facilitating “open, transparent, competitive, and financially sound derivative trading markets [and] to prohibit fraud, manipulation, and abusive practices in connection with derivatives and other products subject to the [Commodity Exchange Act] CEA.”

Team Bolstered Prior To Launch

Chippas’ recent comment, which accentuates that his upstart is prepping for launch, comes after ErisX has secured a number of notable hires. As reported by Ethereum World News in early-January, the company divulged that it had added two members to its board, Cris Conde of Accel, and Joseph Lubin, the founder of Consensys and one of the minds behind Ethereum. Conde replaces Cliff Lewis on ErisX’s board of advisors, while crypto veteran Lubin has pulled up a new seat.

In an official statement, Lubin remarked that from his perspective, ErisX is in a “unique position” in the broader market, with its company background, financier roster, and innovative products. The ConsenSys head, effectively the Ethereum development consortium’s de-facto chief executive, added that he’s pleased to provide his knowledge of “decentralized technologies and digital assets” to a “model that will further democratize access to digital assets.”

More recently, the company, which has offices in Chicago and New York, revealed that it would be bringing on Robert Thrash, Arnold Connell, and John Denza, who will take up executive and C-Suite positions at the group.

Thrash, Chief Operating Officer, joins the Bitcoin-friendly company from Barclays, where he headed the giant’s futures execution and clear platform facets. This new hire is evidently a step that ErisX is taking towards the eventual launch of cryptocurrency futures, pending approval from U.S. regulatory incumbents. Infrastructure head Connell hails from the Youtube TV team, along with other facets of the Google conglomerate. ErisX’s new executive of business developments, John Denza, comes straight from CBOE subsidiary, Bats Global Markets, where he was the director of U.S. sales of equities and derivatives.

In a comment regarding the new ErisX staffers, Chippas remarked that the three bigwigs’ move onto ‘Satoshi Street’ only accentuates the opportunity that crypto & blockchain pose. But, will these new staffers help ErisX launch successfully?

Photo by Rohit Tandon on Unsplash
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Craig Wright Tells CFTC He is Satoshi Nakamoto (And Attacks Ethereum)

On Aug 16, 2018, a hard fork of Bitcoin Cash (BCH) was suggested. Theoretically, the new blockchain would integrate the original philosophy and …

On Feb 15, 2019, Craig Wright submitted a comment to the United States Commodity Futures Trading Commission (CFTC). He testified that he is Satoshi Nakamoto and seemed to attack Ethereum.

After the Bitcoin (BTC) whitepaper was published by the pseudonymous Nakamoto in late 2008, there has been great speculation about who the author really is. Wright was selected as a possible candidate in an article published by Andy Greenberg and Gwern Branwen on Dec 8, 2015, for Wired. On the same day, Sam Biddle and Andy Crush claimed the same in a separate article published on Gizmodo.

Only three days later, Greenberg wrote a follow-up piece in which he stated that Wright may be a hoaxer.

So Dr. Craig Wright is willing to testify under oath that he is Satoshi Nakamoto and the founder of Bitcoin. pic.twitter.com/WsqHhXnQzl

— Ran NeuNer (@cryptomanran) February 17, 2019

satoshi nakamoto

Wright’s Early Claims

On May 2, 2016, Wright publicly claimed that he was Nakamoto. In his words, he stated:

Some people will believe; some people won’t. And to tell you the truth I don’t really care.

Since that time, his words have proven to be true. There has been much speculation as to whether or not Wright really is who he claims to be. All the evidence that does exist is inconclusive.

Wright stated that he did not initially disclose his identity because he “just wanted to be left alone.” It was his right, he alleged, to remain anonymous if he so chose.

On May 2, 2016, Craig Wright publicly alleged that he was Satoshi Nakamoto, the creator of Bitcoin. After years of controversy, including the Bitcoin Cash Civil War, Wright has now testified before the CFTC that he really is Nakamoto. Click To Tweet

bitcoin sv

Wright and Bitcoin SV

On Aug 16, 2018, a hard fork of Bitcoin Cash (BCH) was suggested. Theoretically, the new blockchain would integrate the original philosophy and protocol of Bitcoin (BTC). The soon-to-be forked coin was initially called Bitcoin Cash Satoshi’s Vision (SV) because Wright, claiming to be Satoshi, supported this fork as a return to the original vision of Bitcoin.

The announced fork was not accepted by everyone in the BCH community. Roger Ver and others suggested Bitcoin Cash Adjustable Blocksize Cap (ABC) as a distinct hard fork to compete with SV four days later. ABC included some changes to the BCH protocol, but they were much less significant than those which SV proposed.

On Nov 15, 2018, BCH hard forked. Today, ABC appears to have defeated SV. While Bitcoin SV (BSV) is listed on CoinMarketCap.com as well as various exchanges and wallets, ABC is widely considered the real BCH. At the time of writing, BCH was ranked with the sixth highest market capitalization of any cryptoasset while BSV came in at eleventh.

bitcoin cash vs bitcoin sv
Image courtesy of CoinMarketCap.

Wright’s Current Stance

Despite criticism and condemnation, Wright continues claiming that he Nakamoto. In the comment sent to the US CFTC, Wright states that Bitcoin marks the completion of an AusIndustry project he began. He states that the project is registered with the Australian Department of Innovation as BlackNet.

Furthermore, he states that he is making this announcement because of the false information about BTC which has been spread about the currency. He singles Ethereum (ETH) out as a “derivative system” of Bitcoin. His decision to become more public, he claims, is because of misunderstandings about how blockchains function and the scams which have emerged because of it.

Do you think Craig Wright is really Satoshi Nakamoto? If not, what is his endgame? Let us know your thoughts in the comments below!


Images courtesy of Shutterstock, CoinMarketCap, Twitter.

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