The gaming industry is very technology-intensive. Most of the functionalities rely on the optimal operation of various tech aspects of the game. Therefore, it is natural that blockchain could play an important role in the industry. In this light, HashCash is leveraging blockchain in the industry for the purpose of enhancing user engagement.
According to a recent press release, HashCash is joining forces with a leading gaming entity to facilitate monetisation of games. Normally, gaming platforms require fiat currency to make in–game purchases. Also, some platforms enable gamers to buy virtual currency to use for in-game transactions.
Integrating gaming platforms on a single blockchain platform
However, HashCash acknowledges that the relationship between fiat currency and virtual currency is one way. This is to say that one can only use real money to buy virtual money but not the other way around. Basically, this is the issue HashCash seeks to solve.
As per the news release, HashCash will develop a blockchain platform that will integrate gaming platforms. In particular, the platform allows game developers to create their own native asset or coin for use in in-game transactions.
HashCash acknowledges that such virtual currencies already exist. However, the point is to ensure interoperability of the existing platform. Therefore, the gaming platforms will integrate on a single HashCash platform and there, they will interact with other platforms.
HashCash leveraging blockchain to attract more users
According to another press release, HashCash announced the development of blockchain networks which would integrate gaming platforms. Gaming APIs would simply integrate into the networks to give them access to a native digital asset. With the digital asset, gamers can make transactions over the networks. Also, they can use the asset as a Play chip or trading on cryptocurrency exchanges. However, the token will just be a utility token, not a security.
If gaming platforms can integrate on the HashCash blockchain network, they can use this single cryptocurrency. Therefore, it will enable users to use a single wallet to make transactions across various gaming platforms. As a result, HashCash leveraging blockchain will bring more utility for gamers hence attracting more users.
