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Algorand enters the gaming world
Algorand enters the gaming world
Gaming

Algorand enters the gaming world

By Alfredo de Candia - 30 Apr 2020

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Algorand announced that its blockchain was chosen by RHOVIT, a company that operates in the gaming industry and allows creators to monetize content with cryptocurrencies.

Specifically, the platform uses the native Rbit token as a payment method for the various creators who can then sell their products and games within the platform.

The token was created using NEM’s blockchain, but it seems to have turned out to be inefficient and so the team decided to switch to Algorand so that their users can also passively receive returns with the interaction of the various products, as Rhovit CEO Matt McCullough said:

“We are on a mission to scale RHOVIT as quickly as possible. Right now the world is facing economic hardship but one of the few bright spots has been content streaming. We offer a solution for viewers to make passive income while enjoying content and Algorand will help us deliver on that promise now and in the future.”

In addition, thanks to Algorand’s support, a gaming extension called Rhoam will be created. This way ALGO enters a very profitable sector in which an increasing number of projects and developers are entering.

Algorand’s team is excited to provide the technology needed to scale the project, explained Algorand’s COO, W. Sean Ford:

“At Algorand, we provide technology that is scalable, secure, and decentralized to organizations building out inclusive and new economic models in their industries. We are excited that RHOVIT is taking a new approach to gaming and leveraging Algorand to scale its business.”

Algorand has recently been chosen also in Italy to bring art on the blockchain with the Italian Wonders project that created NFT (Non Fungible Asset) tokens linked to various works of art and monuments of the Bel Paese, demonstrating that also in the art sector there is a lot of ferment and Algorand is suitable to tokenize assets and services.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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