Island Broadcast Media launches NFT virtual ownership project with Crypto-Pills Gaming Company
Island Broadcast Media has agreed a partnership with The Crypto-Pills Gaming Company for an industry-first creative project which will facilitate digital ownership of virtual horses or greyhounds through Blockchain Addressable Surfaces.
Gamers will now seamlessly be able to buy a digital stake in a horse or greyhound as an individual or as part of a community.
Digital owners can follow their asset’s performance and gain returns on their investment as they race at virtual replica tracks across Europe and the USA. After a predefined time period the asset will be retired and then minted into an NFT which is validated with Blockchain technology.
This NFT project has its origins in the Virtual Gaming world where early adopter Dave Mousley provided the catalyst for the vast growth of the vertical through his Red Vision business. The company was later acquired by Inspired Gaming which is now the global leader in virtual sports.
Backed by a stable of industry pioneers, including Mousley, Heath Samples, Graham Martin and Jonathan Mills, Island Broadcast Media is democratising horse and greyhound ownership using state-of-the-art technologies.
Dave Mousley, co-founder of Island Broadcast Media said: “Sometimes the combination of two streams of development combine to create something really exciting, and this NFT project promises to bring a new dimension to player engagement. We have also launched a range of fixed odds, betting and gaming products which we are now beginning to introduce to the market. The incorporation of unique NFTs inside the Virtual Sports world creates an exciting crossover between the Blockchain and Virtual sports.”
“When we saw what Crypto-Pills was developing, we immediately realised the synergies and were delighted to announce a formal alliance between the companies to develop and deliver the combined technologies within our virtual racing and gaming products”, said Heath Samples , Chief Executive of Island Broadcast Media.
Gaming and betting pioneer Graham Martin, a main board director of both companies and who has been instrumental in connecting the technical and creative teams to achieve this, stated: “As the founder of The Crypto-Pill Gaming Company Limited I am delighted to have created this innovative new venture, combining collective expertise in the gaming industry with the creativity of a true digital art pioneer, as the future of gaming is being shaped by blockchain technology, so we are all excited to be at the forefront of this transformation.”
IPO Bound Yudiz Solutions gets DRHP nod, set to invest approx. 80 Million INR to launch world class gaming studio and multi-gaming platform
IPO bound Yudiz Solutions Ltd, a blockchain, AI, and gaming focussed enterprise technology company has received an NSE approval for an SME IPO. With this approval, the company is set to invest approx 80 Million INR to set up a gaming studio and a multi-gaming platform. The game studio will aim to produce over 40 games in a year.
Yudiz Solutions, which is already known to develop apps, will now be the first game developers to be publicly listed and have its own publishing platform.
The new Yudiz game studio will focus on creating high-quality games for multiple platforms. These games will leverage Yudiz’s cutting edge technology solutions and in-house expertise to design and develop the games. They will also develop games for other publishers and will also allow other developers to publish games on their new publishing platform. This will be the only gaming company to develop and publish their own and others games as well.
Bharat Patel, Chairman & Director, says “The new business ventures will enable sectoral growth, provide us with the necessary resources to drive innovation, expand our game portfolio, elevate the gaming experience and develop gamer communities. It will also enable us to forge strategic partnerships, attract top talent, and cement our position as strong contenders in the space”
With an EBITDA of 21.77% for FY 22-23, and a CAGR of 42.34% for the past three years, Yudiz also has a PAT of INR 2.75 CR in FY 22-23. With the recently approved DRHP the company will offload a public issue consisting of a fresh 27,17,600 equity shares.
Headquartered in Ahmedabad and is recognized as a global IT services providing solutions in AI/ML, AR/VR, IoT, as well as Blockchain, mobile app and web development across North America, Europe and Asia region. Yudiz is set to disrupt the market with their innovative solutions and products. MPL, Zydus, RR Kabel, IRM Energy, SportsBuzz are some of their clients.
Blockchain Technology: A Game Changer for Online Gaming?
The world of online gaming is in a state of constant evolution, with emerging technologies playing a significant role in shaping the future of the industry. One such technology is blockchain. Known primarily as the backbone of cryptocurrencies like Bitcoin, blockchain’s potential extends far beyond digital currencies. Its potential in the realm of online gaming is particularly intriguing and stands to dramatically reshape the industry.
Understanding Blockchain and its Relevance to Online Gaming
Blockchain technology is a decentralized digital ledger that records transactions across multiple computers. This decentralization ensures the data’s security and transparency. For the online gaming sector, blockchain’s promise lies in its ability to offer a higher degree of fairness and transparency — a crucial aspect for games such as online slots, where players need to trust the system’s impartiality.
Instilling Trust and Enhancing Fairness
In traditional online gaming platforms, players used to place their trust in gaming operators, believing that the system was fair. The introduction of blockchain disrupted this model by allowing the game mechanics to be audited and verified by the players themselves. This level of transparency is possible because the blockchain is a public ledger, where all transactions and changes are recorded and accessible to anyone. Through this, the players can verify the fairness of in-game purchases, loot drops, and even the randomness of outcomes in games, directly reducing the potential for unjust practices. Moreover, the use of blockchain technology also provides enhanced security, reducing the risk of fraud and hacking that can be rampant in traditional online gaming platforms.
Cryptocurrencies and the New Gaming Economy
The integration of blockchain technology in online gaming extends beyond fairness, opening the possibility of using cryptocurrencies for transactions. Cryptocurrencies, with their swift, secure, and low-cost transactions, could revolutionize how players purchase in-game items or credits. Furthermore, blockchain could facilitate true ownership of these digital assets, allowing players to trade them freely on blockchain marketplaces.
The Rising Popularity of Decentralized Gaming
Blockchain’s influence is already visible in the emergence of decentralized gaming — games built entirely on blockchain technology. These games allow players to have complete ownership of their in-game assets, which can be traded or sold independently of the game. This not only enhances the gaming experience but also opens up new economic opportunities for players.
Non-fungible Tokens (NFTs) and Gaming
The rise of non-fungible tokens (NFTs), a byproduct of blockchain technology, presents another exciting avenue within the gaming sector. NFTs are unique digital assets that can represent ownership of a particular item or piece of content. In online gaming, NFTs can be used to represent a piece of evidence for assets, such as: characters, equipment, or even virtual real estate.
Future Potential and Challenges
The adoption of blockchain in the online gaming industry is still in its infancy, but the potential is enormous. However, like any disruptive technology, blockchain isn’t without its challenges. Issues such as scalability, regulatory acceptance, and technical complexity need to be addressed for its widespread adoption.
Blockchain technology’s potential to create a more transparent, fair, and user-friendly online gaming experience is undeniable. As the industry continues to explore and embrace this technology, both players and gaming companies stand to reap significant benefits. Navigating the challenges and leveraging the opportunities, blockchain might indeed become a game-changer in online gaming’s evolutionary journey.
BetConstruct Introduces Revolutionary Game Built on Blockchain Technology
BetConstruct presents Alligator Validator – the first-ever game entirely based on blockchain technology.
Alligator Validator, the one-of-a-kind game where all transactions are made using blockchain technology, is promised to be among the biggest innovations in the current iGaming market. The game is an explosive combination of fresh and vivid graphics, cutting-edge game mechanics and brand-new payment systems built on blockchain technology.
The blockchain technology adds extra security and transparency to the game – not requiring any centralised third parties to control the flow of funds and being processed independently by the smart contracts.
It is also a perfect addition for all Bahamut validators, as it gives an opportunity to improve validators’ positions and earn block rewards for helping to secure the network. Validators play an important role in securing the network by showing activity and validating blocks using the PoSA consensus mechanism. Thus, validator-partners who enable the game on their platforms not only add a unique and thrilling game to their catalogue but also maximise their ROI.
BetConstruct believes the innovation will shape the future of the iGaming market and make crypto games more accessible to a larger audience. Thanks to its fresh and distinctive premise, Alligator Validator will breathe new life into the player experience and help partners earn huge rewards for helping secure the network.
Add the game to your catalogue, and don’t miss the chance to become one of the first to encounter the new reality of iGaming!
EveryMatrix awarded World Lottery Association security standard
Gaming in Spain: Post-conference mailer & webinar announcement
BF Games rolls out dice games with PepperMill Casino in Belgium
LIGHTNING BOX™ PREPARES FOR AN EPIC BATTLE IN STELLAR CASH™ DRAGON PALACE
Yggdrasil set for aquatic adventure in Boomerang’s Orca’s Wild Bonanza
Which casinos have the biggest market share in the US?
MGA Games releases the slot game Ice Queen for international markets
Belatra presents its Princess Suki slot
NuxGame Bolsters Payment Processing With CoinPayments Integration
Blocktrade Launches New Gamified Universe to Transform How Users Engage with Digital Assets
Hipther Introduces Rite NRG and Darek Hiliński
BETSSON GROUP AND BETSAFE NOMINATED FOR THE BALTIC AND SCANDINAVIAN GAMING AWARDS
PandaScore BetBuilder goes live with Ladbrokes Australia
Gaming Americas Weekly Roundup – May 1-7
London Blockchain Conference: Where iGaming Meets Blockchain Technology
EGT Romania’s Exciter IV Offers Fabulous Gaming Experience
Baltics7 days ago
Swintt enters Lithuanian market through 7Bet partnership
Gambling in the USA7 days ago
Gaming Americas Weekly Roundup – May 22-28
Latest News7 days ago
One week to go until Kambi’s Festival of Sportsbook
Interviews6 days ago
Exclusive Q&A with Paul Sampson, CEO of Lickd
Asia6 days ago
BMM Testlabs Attending G2E Asia Singapore
Central Europe6 days ago
PRAGMATIC PLAY STRENGTHENS AUSTRIAN PRESENCE WITH WIN2DAY PARTNERSHIP
eSports6 days ago
With new momentum into the second esport season: Ski Challenge plans Nations Cup
Latest News6 days ago
Checkd Dev Adds New Markets and Functionality to Betting Hub with App Upgrade