NEM (XEM) Blockchain Welcomes New Video Game Xarcade to Its Crypto Platform
NEM is a crypto project that wants to create a network for smart assets. It is now targeting the gaming world like many other major blockchain projects as key to its future. NEM is currently working on major XEM-powered platforms and DApps that focus on gaming. The most recent is Xarcade. It is a video game platform for both the publishers and gamers.
According to the Xarcade site, the project will build a decentralized Steam version. Games can then be built and uploaded to NEM via the Xarcade SDK. It works in much the same ways as platforms such as Plair and Ultra, which are powered by VeChain. This platform will reduce costs for the developers and the gamers. It is will be possible since fees that come about due to centralization and middlemen will be eliminated. It is especially so for middlemen who take up about 30% of the sales.
The Xarcade platform is powered by the XAR tokens. These tokens are designed to be consumed and they are pegged to euros. The stability offers publishers a steady stream of revenue. It will also make it easy to convert the tokens to BTC or XEM in public exchanges. XAR tokens were first distributed via private sale. There was never a public ICO for the tokens.
One of the pairs of games on Xarcade is Send ‘em to Hell, created by Xhai Studios, which is a mobile game. The other one is Outbreak, which was inspired by Tron. It is an arcade shooter and runner game and was created by Synthetic Games.
Many have wondered how blockchain technology will change the way we do things. Xarcade @xarcadeofficial shows us how to do it in gaming. Know more about them at https://t.co/uZr42Csmsu. #Xarcade #NEM #Blockchain #NEMecosystem #NEMprojects pic.twitter.com/Jmkrj7J8cd
— NEM (@NEMofficial) December 2, 2018
Blockchain and Gaming
In the blockchain world, there has been a general shift toward gaming. The projects focusing on gaming include WAVES, which launched a fund of about $2 million. This fund will be used for the creation of games on the network. The other one is TRON (TRX), which recently announced that it had created a development fund worth $100 million a while back.
The XEM token recently lost about 2.4% in value, which brought its price to $0.07768. This gives it a market cap of about $699.1 million. It is thus the 14th biggest crypto coin on the ALT100 index.
The TRON Fund
A few days ago, TRON revealed that they were creating a fund worth $100 million. This would be used for game development. The initiative has been called the TRON Arcade. It will offer developers funds, technical skills, and the support they need. Besides that, they will have access to the TRON partnership network.
This cost-effective gaming distribution platform is powered by NEM. It wants to change the gaming world by making it free to use their platform. Right now, gamers have to pay about 30% of their revenue to major platforms like Apple and Google. The platform will allow gamers and publishers to freely interact and exchange ideas. As a result, it will lead to better games and feedback for the games and publishers respectively.