What are blockchain-based games and how are the industries connected?
You’re not alone, wondering what the blockchain is and how all of this virtual mumbo jumbo is connected to gaming. Whether we like it or not, cryptocurrencies and the blockchain are already becoming a key part of casino games, online marketplaces, and online tournaments. In this article, we’ll try to explain what it all means and how it’s all connected.
What is a blockchain?
The blockchain is a sort of database that is shared between users, who all do their bit to help maintain it. Blockchains differ from your average database because they don’t work in the same kind of way – they reinvent the way we can process and store data. Blockchains store data together in, you might have guessed, blocks and are linked together and then verified to help ensure that the data entry is authentic. This ensures that no fraud can take place.
New data enters the blockchain in the form of a shiny new block. These blocks are then filled with data and then attached to the block that preceded it, forever then being linked to it. These blocks of data are chained together in the blockchain in a chronological order that is verifiable. You can test it to see whether it has been accessed and data cannot be stolen because its existence depends on the preceding and subsequent blocks.
In theory, the blockchain can store almost any kind of information, but most of us instantly connect the blockchain to crypto-currency. This connection is made by many because the primary purpose of the blockchain, at the moment at least, is to serve as a ledger that records all of the various cryptocurrency transactions. The blockchain was chosen because it cannot be controlled or abused by an individual. It is owned by all of those who contribute.
How are cryptocurrencies connecting to gaming?
Cryptocurrencies and the blockchain are inextricably linked, and so it would be very silly to ignore the growing significance of the blockchain and virtual coins in the current gaming scene. Gamers are now able to purchase microtransactions with their virtual coins, while many online gaming-related marketplaces accept payment via virtual coins, something that was almost unheard of just a few years ago. This change has happened so fast.
Online gamers can make use of cryptocurrencies when making online purchases, in-app purchases, as well as when making trades directly with other players. This method is preferred by many because it provides the user with enhanced anonymity without the need to disclose who you are or any information that could easily identify you. This peace of mind also means that you don’t need to worry about payments bouncing or not being processed.
Because cryptocurrencies are decentralized, they can be sent directly across borders without being exchanged. These payments, or transactions as they are increasingly known, are done almost instantly, a testament to how quickly blockchain technology has progressed in such a short period of time. It also means that players can purchase items wherever they are without worrying about exchange rates.
What is a blockchain based game?
Are you wondering what the next step will be for the gaming and virtual currency industries? Look no further than blockchain-based games. CryptoKitties was the first hugely popular video game that was able to make use of the blockchain but enjoyed a short life, not lasting for too long after being launched back in 2017. You thought that this popular release would have heralded a blockchain game gold rush, but that wasn’t the case, not for a while at least.
These blockchain-based video games include a mixture of different elements but are all based on existing blockchain technology. These elements are often centered around the buying, selling, and trading of NFTs, and this allows players to interact with other players and exchange these tokens. The rise of NFTs in the latter stages of 2021 meant that these games enjoyed a second wind, a second wind that looks set to last longer than the first.
While these new games are seen by many as a new way of gaming, they do have their fair share of critics. Phil Spencer, one of Xbox’s top guys, said that he sees these blockchain-based games as being more exploitative than entertaining. He might have a point, too, with others pointing out that games focused on trading virtual items without any clear narrative are more of a fad because they have no real basis. Whether that is true remains to be seen.
After Crossing 100,000 Active Users, Hypeloot.com Announces The Launch of Its Utility Token $HPLT
Hypeloot was established in 2022 and has processed over 50 million bets for over 100.000 Users worldwide, being one of the fastest growing Cryptocurrency casinos, releasing new game modes almost every week and a recent surge in growth which is likely to accelerate.
Hypeloot Originals cross 50 million bets mark
With new game mode additions, the number of daily bets and also bets placed per user is increasing by the day. Hypeloot adds some of the most popular Casino games but is also not afraid to add an innovative touch to the platform by developing new games that are gaining a lot of popularity, for example, the Plinko game with a 100.000X multiplier, making it the first-ever Plinko game with this high of a multiplier which is not only something innovative for the Gambling industry but also a great marketing tool as users always try to chase high multipliers.
Hypeloot .com profit share with $HPLT holders
All $HPLT holders will indirectly profit from the rampant Hypeloot .com growth and its already increasing profitability via daily buyback & burn events. Hypeloot profits will automatically go towards purchasing $HPLT tokens on the open market and burning them right after – on a daily basis!
The Hypeloot $HPLT Token
The $HPLT Presale will start the 1st of February at 15:00 UTC directly on presale.Hypeloot .com, the presale is split into different stages in which the first investors get the cheapest possible price and are also eligible for the Hype NFTs which will be tradable right on token launch. 40% Of the total supply will go towards Presale contributors, rest is split between liquidity, marketing, team, airdrops and more. All Team tokens will be locked and vested on a transparent level.
Fueling The Hypeloot Ecosystem
Hypeloot is one of the only Crypto casinos offering Fiat payment gateways and all major payment providers making it easy for every user. On top of that, Hypeloot also currently offers all major Cryptocurrencies for deposits and withdrawals. All Games are 100% provably fair with an open and transparent guide on how to check each roll, the EOS and Chainlink Blockchain hashes are being used to generate 100% randomness.
Hype NFTs are the official NFTs of Hypeloot .com ($HPLT), it will initially only be available to presale contributors, on launch, these NFTs can then be traded, bought, sold and used on Hypeloot .com for free bets, staking pools, increased rakeback and much more. These NFTs are strictly limited and will not be minted more than the given supply.
Hypeloot .com Numbers and Outlook
Hypeloot has generated over $1 Million in revenue in 2023, given that regular slot and live casino games will be added soon, it is expected to have a significant surge in the coming weeks as this is anticipated by a lot of current users, this new addition also open the door to a lot of new user acquisition as well as higher profit per user given all the new game modes.
HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader
Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.
Focused Expansion for a Diverse Audience
The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.
Enhanced Digital Presence and Accessibility
Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.
Unwavering Commitment to Quality and Insight
HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.
Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”
For more information, please visit HIPTHER.com
Empowering Women in Web3: Polish Blockchain Association’s Exciting Initiative
Hipther proudly announces the commendable initiative by the Polish Blockchain Association: the “Top Women of Web3, Central and Eastern Europe edition.” This groundbreaking effort aims to spotlight and celebrate the outstanding contributions of women shaping the Web3 landscape in Poland and the broader Central and Eastern European region.
Diversity as a Driving Force
Recognizing the transformative power of diversity, the Polish Blockchain Association acknowledges the invaluable impact women are making in the Web3 and blockchain industry. Despite these significant contributions, women remain underrepresented in the public sphere of the industry, particularly at conferences, webinars, and other events. The initiative seeks to address this imbalance and bring more visibility to the achievements of female colleagues in the region.
Nominate Outstanding Women
If you share this commitment to fostering diversity and inclusivity, we invite you to participate in this empowering initiative. Nominate outstanding women who have had a direct impact on the Web3 space over the past year. Whether it’s yourself or a colleague, we want to hear about the remarkable women shaping the industry in Central and Eastern Europe!
To nominate, simply visit the nomination page. The deadline for submissions is December 31, 2023, and the winners will be announced in January 2024.
Recognition and Rewards
The Polish Blockchain Association will select 20 outstanding profiles from the nominations, and the winners will be featured in a special report. This report will not only be published by the association but, subject to consent, will also be made available to conference and event organizers. This initiative aims to increase the visibility of women in core industry events as speakers and contributors. Additionally, winners will receive free tickets or discounts to attend the next year’s Tech of Tomorrow Conference, organized by the Polish Blockchain Association on September 19-20, 2024.
Inspire the Next Generation
By showcasing the diverse talent in the Web3 space, we aspire to inspire the next generation of leaders. Join the Polish Blockchain Association in supporting and recognizing the women who are driving innovation and excellence in the blockchain and Web3 industry.
Hipther is proud to stand alongside our Strategic Partners, the Polish Blockchain Association, in communicating this impactful initiative. Let’s work together to create a more inclusive future for the world of technology!
The Polish Blockchain Association is a non-profit organization fostering knowledge and experience exchange in the area of blockchain technology. Their mission is to connect experts, developers, enterprises and tech enthusiasts, and serve as a collaboration-enabling platform for the whole Polish and global blockchain community. Under the scope of this mission, they have joined forces with Hipther as Strategic Partners for the most impactful GameTech in-person gathering in CEE, the Prague Gaming & TECH Summit.
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