Blockchain’s promise for the gaming industry

Elder Scrolls Skyrim

Over the past decade, the gaming industry has gone through immense revolutions and transformations. The old model of paying once with cash and buying games of the shelf is slowly giving way to platforms such as Steam and app stores where you buy games online or pay as you play.

Games have now become full-fledged commerce platforms and markets, where players spend money to pay for services, access expansion packs and extra levels, or buy and exchange in-game assets and resources with other players. Continue reading

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What is an Initial Coin Offering (ICO)?

bitcoin cryptocurrency ico initial coin offering

Just as blockchain, the technology that underlies bitcoin and other cryptocurrencies, continues to show potential in transforming many industries, it is also showing its potential in the crowdfunding and investment domain.

Initial Coin Offering (ICO) has become a popular way to raise funds for projects that are based on blockchain and cryptocurrencies. An ICO is a cryptocoin crowdsale, where a blockchain-based project allows enthusiasts and supporters to invest in the project by purchasing part of its cryptocurrency tokens in advance. ICOs usually take place in the early phases of a project, and the raised funds are then used to pay development and launch expenses. Continue reading

What is blockchain?

blockchain-logo

Blockchain is a term you see fairly much when browsing tech—and non-tech—sites these days. It is widely known as the technology that constitutes the infrastructure of Bitcoin (what’s bitcoin BTW?), a mysterious cryptocurrency created by a mysterious scientist in 2009. Some even confuse it as a synonym for bitcoin. But the reality is that blockchain is a disruptive technology that has the potential to transform a wide variety of business processes. Continue reading