BigchainDB and Ares Tech to Roll-out a Blockchain Social Gaming Network
Ares Tech is among the few blockchain networks formed with the intention of creating a social online gaming network. Its operations are decentralized and the digital public ledger accessible to all creators and players on the online platform, while providing a wide range of options for all users.
On the other hand, BigchainDB is a tech company that was formed in 2014 in Berlin. It allows creators and other firms to employ proof of chain concepts and make use of applications and platforms on a block-chain database. Unlike most blockchain-related firms, BigchainDB starts off with a well-integrated platform, then employs all other blockchain characteristics which make the technology suitable for any industry. This means that BigchainDB has the advantage of partnering with firms in energy, technology, fin-tech and now gaming among others.
The blockchain gaming partnership between Ares Tech and BigchainDB does not come as a shocker. In the past, blockchain technology and gaming would present themselves as opposite sides of the same coin with regard to their specific demographic targets. This is because not many creators and gamers had embraced the blockchain technology. However, spearhead by CryptoKitty, gaming industries began adopting the blockchain technology which has now become a fast moving industry. This partnership creates room for innovation technology and potential for growth for both companies.
Having gamers and creators adopting the new blockchain gaming technology has already created room for development of new ways of making money. Say for example, the partnership between Ares Tech and BigchainDB will reduce Ares Tech game-development fees as the fees become negligible through use of digital currency which is applicable on blockchain.
Consequently, the union between the two digital companies increases the prospects of success for both companies by creation and use of virtual assets. Just as observed in CryptoKitty, virtual assets can easily be the stepping stone triumph in the blockchain gaming industry. The assets which are the underlying prototype to be employed by Ares Tech and BigchainDB are divisible assets which include weapons, accessories, costumes, rewards, currency and other relevant tools required by players to enhance their experience. Having block chain as the underlying technology, there is a high probability that these assets will have an increased actual value in economic terms and lead to the companies’ success.
“The potential of blockchain industry within the gaming industry is undeniable. We're proud to announce our collaboration with Ares Tech to build a prototype for a blockchain based gaming platform” ~ Source; LinkedIn BigchainDB