The gaming industry has been experiencing major shifts for a decade now. First came broadband internet, then the rise of Steam. Before long, these developments quickly gave way to the biggest gaming disruption of the last decade: digital gaming. Today, digital gaming accounts for 87 percent of the industry’s $108.9 billion annual revenue, a true disruptor. But as we all know, new technology never stays “new” for long. The gaming industry is now on the verge of yet another wave of disruption built on blockchain and cryptocurrency.
Gamers have typically been some of the most eager consumers to embrace cryptocurrency. From esports and betting to the digital goods marketplace, Blockchain’s decentralized system is being used to solve core problems and transform the business of video games.
The Tap Project is excited to announce that they will be partnering with award winning international developers, Juego Studios. This partnership will introduce an exclusive mobile game that will pave the way for converting in-game currency to cryptocurrency through the Tap Platform. This also allows for the completion of the Tap Platform SDK plugin for Unity and Unreal Engine SDK plugin.
Juego Studios is a leading technology game development studio focusing on game development, art and design, AR/VR, IOT and more. Their partnerships include, Disney, 20th Century Fox, Warner Brothers, Artix Entertainment, with games such as VOW, Adventure Quest, Hobbit Battle of the five armies, Hello Kitty Orchard just to name a few and now the Tap Project.
Tap Project applies a utility token (Tap Coin), which allows gamers the option to harness their time and convert in-game earned and premium currencies to Tap Coins that can traverse multiple platforms and games. The Tap Project’s ecosystem is made up of Game Developers, Gamers, Cryptocurrency enthusiasts, and the Tap Project Network. The core relationship in the ecosystem exists between TTT and Game Developers. By forming collaborative partnerships with Game Developers, blockchain-based monetization can be created.
Digital tokens in the gaming industry aren’t a new thing. However, The Tap Project adds a layer of innovation to the concept that sets them apart from the crowd. This difference is due to the fact that it provides gamers with the opportunity to monetize their gaming. In-game earnings will no longer have to be only useful within the game itself as they can now be exchanged, imported and exported to the blockchain and converted into Tap coins (an ERC20 Token) on the Tap Platform, which is currently available in its alpha development phase. Users will also be able to transfer Tap coins across games making it easier to obtain enhanced capabilities in different titles.
Furthermore, this partnership is great deal for the Tap Project, as it will open up the door for wonderful possibilities to integrate the tap coin into games and is a great step forward in disrupting the gaming industry utilizing blockchain technology.
The allure of being able to turn hours playing games into money is surely one that has the potential to resonate with a considerable percentage of that 2 billion strong gaming community and the Tap Project is excited in collaborating with Juego studios in accomplishing this.
For more information, kindly visit: http://www.tapproject.net.
Learn more about the Tap Project, Read the whitepaper – https://www.tapproject.net/material/tap-project-whitepaper-1-4.pdf