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NEM (XEM), a cryptocurrency project that builds a network designed for the best performing intelligent resources, has joined several other major blockchain platforms, turning to gaming as one of the main pillars of user acquisition.
Toward that end, NEM started to highlight the main platforms powered by XEM and the others focused on games, with the most recent Xarcade, a video game distribution and exchange platform for game and player publishers.
Many have wondered how blockchain technology will change the way we do things. Xarcade @xarcadeofficial shows us how to do it in games. More information about them on https://t.co/uZr42Csmsu. #Xarcade #NEM #Blockchain #NEMecosystem #NEMprojects pic.twitter.com/Jmkrj7J8cd
– NEM (@NEMofficial) 2 December 2018
Second The Xarcade website, the project is building a decentralized version of Vapor, Where games are created and uploaded to the NEM blockchain through the use of the Xarcade software development kit (SDK).
Similar to platforms like VeChain-powered Plair is Ultra, the Xarcade platform aims to reduce costs for both game developers and gamers by reducing commissions associated with centralized brokers, which typically require a 30% cut in all sales.
Xarcade is powered by a token (XAR) designed to be consumed and anchored to the euro. This stability is designed to provide publishers with a steady revenue stream: tokens will be easily convertible into XEM or BTC in public exchanges. XAR was initially distributed via a private sale and no public ICO will be conducted.
The first two games highlighted by Xarcade include Send them to hell, a mobile game published by Xhai Studios, e outbreak, to Tronarcade shooter and runner game published by Synthetic Games.
Other important blockchain projects have recently begun to focus on blockchain gaming applications, including waves (WAVES), which launched a fund of almost $ 2 million (1,000,000 WAVES) dedicated to building games on its network, e TRON (TRX), which announced his $ 100 million development fund last week.
XEM is currently down 2.4% on the day at $ 0.07768, giving the altcoin a market capitalization of $ 699.1 million and making it the fourteenth largest currency in the AltDex 100 Index (ALT100), a reference index for cryptocurrencies and large tokens.
Related: Pac-Man arrives on the NEM blockchain (XEM)
Similar: TRON (TRX) announces a $ 100 million blockchain gaming fund
Disclaimer: the author of this article has participations in cryptocurrency that may be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct due diligence before making investments.
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