EOS VC: major investments in the world of gaming
EOS VC: major investments in the world of gaming
Blockchain

EOS VC: major investments in the world of gaming

By Amelia Tomasicchio - 27 Nov 2019

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EOS VC, the investment branch of Block.one, has decided to focus on the world of gaming with Biscuit, a company that in the past has developed games such as EOS Knights, the first mobile dApp based on this blockchain.

Mike Alexander, CEO of EOS VC, explained:

“Our direct investment in Biscuit extends our strategic focus of working with some of the smartest minds in the gaming blockchain sector. Biscuit has taken the powerful qualities of blockchain’s smart contract and combined it with the traditional Role Playing Game elements to produce one of the best-loved gaming apps on the market”. 

According to the press release, EOS Knights, previously based on TRON, decided to migrate its game to EOSIO because of the speed of this blockchain. Jay Lee, founder of Biscuit, commented:

“Block.one has closely supported us in the successful development and operation of EOS Knights from the very start. This new investment from Block.one’s venture arm EOS VC confirms our strong continuing partnership and underscores our belief that gaming dApps like EOS Knights are catalysts for the mainstream adoption of blockchain technology”.

However, in reality, in recent times the blockchain doesn’t seem so fast considering the problems related to network congestion.

EOS VC: why focus on gaming?

As has often been said, the video game sector is among the most flourishing in recent years: its annual growth is around 10% and the total value of this market is around 152 billion dollars.

Blockchain and cryptocurrencies could be used to tokenise the credits within the games, similar to what happens with Fortnite coins in the “traditional” world.

Moreover, according to many experts, gaming is the sector that will encourage the mass adoption of the blockchain even without players noticing it.

 

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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