Gaming Industry Evolves With First HTML5 Blockchain Platform

 In Exchanges

Egret Technology became a prominent player in the HTML5 gaming market in 2014 and has managed to create an entire development kit ever since, integrating a community of more than two hundred thousand developers. According to official data, Egret’s products are used on one billion devices. The company also has the largest HTML5 gaming platform with more than 65,000 games and 40 million monthly active users.

Recently Egret became a strategic partner of the Egretia project, targeted at making blockchain a solution to boost the further growth of the HTML5 gaming industry.

Egretia is devoted to creating the world’s first complete HTML5 blockchain engine and development kit. The platform will use its own Egreten token for transactions. Other core elements of the Egretia ecosystem include a distributed communications and storage platform, a global distribution platform, virtual goods trading platform, and an advertising platform. Egretia will also establish an incubator to support game development teams and individuals.

Egretia Public Chain

Egretia has created its own public chain to implement into Egret’s existing development suite.

The Egretia platform utilizes the Delegated Proof of Stake (DPoS) consensus mechanism to optimize HTML5 game performance. DPoS helps achieve higher processing power. Moreover, Egretia allows for the dynamic adjustment of parameters like block size, output speed, and handling fees through the consensus voting method.

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Egretia offers a software development kit (SDK) with engine and tools, which will allow HTML5 games to “easily” access the blockchain. With the help of Know Your Customer (KYC) certification, users’ key information will be stored in the blockchain. It also provides data storage, data communication, and authentication services, gives access to the digital wallet, and allows creating a smart contract.

The Egretia blockchain uses the Egreten token for all transactions and payments.

Egreten Token

The Egreten token has different functions. It is intended for buying in-game items and for paying for content by users. They also get Egreten as a reward through participating in crowdfunding of games on Egretia.

Developers can use tokens to promote their products. Alternatively, distributors can receive Egreten through content distribution and advertising.

To store Egreten tokens, Egretia claims it will introduce a digital wallet on each user’s unique token passport. There will be PC, mobile, and browser versions of the wallet introduced.

Virtual Goods Trading Platform

HTML5 games connect the in-game virtual goods to the trading platform via the Egretia SDK. Using the platform players can sell virtual goods of a certain game in exchange for Egreten, as well as buy items. For blockchain traceability, traders can view historical transaction records of virtual goods at any time.

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Decentralized Advertising Platform

As an Egretia representative says, their platform gives “broad” opportunities for advertising after KYC principles.

Developers may launch promotion campaigns on the Egretia platform, paying with Egreten. They may also integrate advertisements in their content through Egretia SDK to gain additional Egreten. In turn, developers use tokens to promote their apps among users.

Players earn Egreten tokens by forwarding ads.

Game Global Distribution Platform

Egretia brings blockchain to the broad Egret game platform with more than 40 million monthly active users. Each player gets a unique ID by KYC when playing all the games on the platform. Users get a certain amount of Egreten tokens depending on the duration of play and level of experience. Game developers get Egreten by operating games.

To attract new players, developers can independently release tasks encouraging players to spread games and receive Egreten tokens as a reward for completing goals.

Communications and Storage Cloud Platform

Egretia makes an HTML5 service powered by blockchain technology to provide the decentralized server-side, distributed communication and storage. Using SDK, developers can simply access Egretia communication services to set up online multiplayer, data storage, and back-end game logic customization.

Egretia states it will cooperate with more third-party public chains to offer developers more comprehensive communications and storage services. Due to blockchain specifics, more content leads to a wider distribution of server nodes.

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The post Gaming Industry Evolves With First HTML5 Blockchain Platform appeared first on Bitcoinist.com.

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