EON Blockchain Protocol, Network & Crypto Alpaca Game Secures $5 Million In Funding
The EON Foundation has been at the forefront of the minds of gaming-concerned cryptocurrency fans for quite some time now. The company has done significant work to popularize the concept of gaming on the blockchain, and a few of their most recent efforts have created quite the stir in an already-excited community of crypto gaming.
Most recently, the company released a statement regarding their interest in the creation of the EON Protocol. The EON protocol is meant to help to match developers with players who might be interested in trying their game.
The protocol would be the latest in a series of developments essential to the effective functionality of the EON Network, a decentralized gaming network and platform being rolled out by the company.
The company concluded a massive fundraising campaign by winning $5 million in funding by a variety of sources. Almost surprisingly, the foundation did not raise money using the most popular method for blockchain startups, Initial Coin Offerings. Instead, the company gained access to key capital through three main venture capitalist sources: Cherubic Ventures, Feng Li, and Wei Guo.
All three investors have a history of successful speculation within the cryptocurrency community. The most prominent and successful example among this group of excited partners is Feng Li. Li is best known for his early investment in Coinbase and Ripple, two of the most successful companies yet to come from blockchain technology. The involvement of this trio, consequently, is a significant win for the EON Foundation in their path to creating a revolutionary new platform.
The EON Network
The EON Protocol is an essential component of the EON Network which the company has been working on for quite some time. It is supposed to be publicly-accessible, and comprised of smart contracts that link together both developers and gamers.
Additionally, the system can be used to up the ease with which developers are able to launch their own games on the ever-growing blockchains. The blockchains upon which games can be released will also expand periodically, according to the company.
A case study of the current progress of the company’s unique network in action is Crypto Alpaca, a smash-hit game which has already garnered 200,000 unique registrations. The game allows its players to breed alpacas together and accepts both Ether and EON tokens for purchases in-game.
Additionally, the network has seen the production of ARCat, another pet simulation game which uses augmented reality and accepts exclusively EON tokens.
The company is excited about the future of these games, its investment partners repeatedly outlining their interest in the development of new blockchain games for a hungry market using the EON Network’s innovations.
The EON Foundation is not alone in their work to create a new generation of games on the blockchain. Its investment partners, as well as an advising team including partners at Zynga gaming, Facebook, and the USC GamePipe Lab, are working closely with the company’s heads to further develop the technology.
Moving forward, consumers should expect more work to be put into the development of the EON Protocol, as well as progress to be made regarding its integration into the existing technical framework already being created by the EON Foundation.