New Blockchain to Get Development from Magic Cube for a Decentralized Gaming Protocol
Magic Cube To develop A Decentralized Gaming Protocol On The NEO Blockchain
Magic Cube is a protocol based on the NEO blockchain that intends to develop a decentralized gaming and entertainment ecosystem on NEO. So far, the platform has over 20 games which average a total of 150,000 players each every month.
Magic Cube is an established entity in the gaming world, as its parent company, Magic Cube LLC, is known for the production of several popular titles. Magic Cube intends to tokenize all virtual consumer goods such as games and multimedia content to create a new token economy.
Typically, game developers release their products through game publishers. However, these publishers do not provide the financial backing needed to sustain the further development of the games. As a result, the developers are usually forced to forfeit the majority of ownership rights to secure the funds necessary to upgrade the games. The Magic Cube protocol aims to eliminate the need for publishers during the game development cycle.
Essentially, the Magic Cube protocol will be the replacement for the game publishers. Game developers would release their games through Initial Game Offering (IGO) events based on the protocol, allowing them to retain full ownership rights over their intellectual property. Furthermore, gamers would use non-fungible tokens to purchase in-game items.
After the completion of the IGO and the onboarding of in-game utility tokens, the games will be made available on a marketplace alongside other games. Users, especially early adopters, can earn rewards for supporting, marketing or improving the games. Regarding this, Rudy Rong, the CEO of Magic Cube, said that the company believes in the revolutionary potential of blockchain technology and will continue working hard on that front. Rudy added that the company will leverage its experience in the gaming industry to extend their services to other locations beyond China, with more emphasis being placed on the American market.