HashCash Consultants Rolls Out Crypto Exchange And Tokenization For Gaming Industry

HashCash Consultants Rolls Out Crypto Exchange And Tokenization For Gaming Industry With Unnamed Video Game Developer In Australia

HashCash Consultants is a blockchain company that consumers will most likely hear about a lot more in the gaming industry. Through a partnership with a video game company in Australia, which has yet to be named, the company will be releasing a white label crypto exchange. For the gaming opportunity, the company is also providing tokenization services.

“White label” solutions are simply solutions that have already been created and are available for purchase and rebranding by a client to work within their own business model. In a press release, the only details offered about the Australia company is that it is a “prominent Australian video games developer.” At this time, CoinTelegraph has requested a comment from HashCash but has not received a response.

Two years ago, in 2017, over $150 million was raised towards HashCash’s efforts to develop on their solutions, using an early-stage venture funding event. The solutions include work within initial coin offerings (ICOs), crypto exchange development support, and the payment processing technology used by cryptocurrency.

In the press release, the company explains the ways that the gaming sector stands to gain from a tokenized blockchain model. Companies will be able to make it possible for ecosystems to be monetized, and additional decentralized micropayment channels can be opened between viewers, streamers, and the producers of the content.

There are multiple major gaming firms that seem to gravitate towards blockchain technology in recent years, hoping to improve their online communities, content distribution, and sometimes products. Atari, which is one of the most notable gaming companies since the invention of Tetris, collaborated with Animoca Brands for a license agreement that makes it possible to create blockchain versions of classic games.

Epic Games, the creator of Fortnite, followed suit in November, after accepting Monero as payments accidentally for their merchandise store. On the mishap, CEO Tim Sweeney said,

“Many of us at Epic are big fans of the decentralized computing tech underlying cryptocurrency, however, a lot more work is needed on volatility and fraud-proofing before bringing it to such a broad audience that includes younger gamers.”