Titan Flight Studios, a video game company, is adopting Blockchain technology to power its new game, ReBounce. Titan is employing the Blockchain platform developed by Enjin (ENJ) for this game which has been set for launch on Apple store. The US-based company said that their partnership would help to bridge the gap between Blockchain and gaming.
Blockchain, Enhancing Gaming Experience for Players
Jon Werthen, Titan Flight’s CEO noted that this development would enhance the mobile gaming experience for players. In his opinion, players deserve to be rewarded with tokens that have real-life value, and that is what they are doing. The company is recognizing and rewarding their efforts for defeating opponents, overcoming levels, and reaching high scores.
Titan Reward Tokens are Transferrable to Cryptocurrency Exchanges
The new arcade game uses ERC-1115 tokens to reward players for their achievements. These tokens can be used to purchase in-game items, and they are fungible. This means that they can be transferred between players and used outside the game. The reason is, Titan is also using Enjin’s ERC-20 adapter to make its tokens compatible with ERC-20 wallets.
Most wallets for storing cryptocurrencies on the Ethereum Blockchain support the ERC-20 format, and the same is the case with wallets on crypto exchanges. Therefore, a player that has acquired the ERC-115 tokens can trade them for other cryptocurrencies on exchanges. But first, they will have to transfer it from the platform to their wallets.
Fungible Vs. Non-fungible Tokens in Video Games
In comparison with other games, Rebounce is one of the first games to allow earnings to be transferred out of the system. This is because some Blockchain-based games use non-fungible tokens. As a result, they can only be used to trade items within the game and not sent externally.
In November this year, the first PlayStation game that is based on Blockchain-platform was launched. This is a role-playing game that is set for release in the first quarter of 2019. Unlike Rebounce, Play Hunter uses non-fungible tokens, and as such, their trade will be limited in the game.
More Industries are Adopting Blockchain Technology
The gaming industry as with several others out there is adopting Blockchain technology to aid in their processes. Each industry has an objective of improving their products or services with the use of these modern technologies. Accordingly, you’ll find their widespread application in the automotive, health, education, telecommunication and even the oil industry.