The gaming industry is going to receive an important influx of funds from the virtual currency world. A cryptocurrency specifically designed for the gaming world will become the first altcoin to be accepted in one of the most important gaming platforms all over the world.
MobileGO (MGO) will be supported by Xsolla, a company that helps content creators to launch and monetize titles. With this partnership, users will be able to sue this virtual currency and purchase more than 500 different titles available in the platform.
It is important to mention that according to the deal, developers will have the possibility to elect to have royalties from Xsolla. Those who decide to be elected for these royalties will receive MGO tokens in their wallets.
Alexandr AGapitov, founder and CEO of Xsolla said that Owners of MGO will be able to engage in peer-to-peer match play and other games and tournaments. As per Agapitov, MGO is the ‘Bitcoin’ of the gaming industry since it offers reliability and is one of the most trusted virtual currencies.
The games listed by Xsolla are currently available in more than 200 countries and territories. MGO will be operating in the platform alongside 700 different payment methods. With this new tokens, it is expected that developers will be benefited and boost their businesses. Now, it will not be necessary for them to wait for royalties to be paid in long periods of time. They will be able to receive their payments in just 60 hours.
MGO aims at becoming the universal virtual currency for 2.6 billion gamers around the world. In the future, the company aims at increasing levels of fairness in tournaments, and other events. In some eSports events, users did not receive their prize money, which is something very negative for the gaming industry.
At the same time, the firm is planning to remove gaming centralization, which is something that almost no game has implemented.
With this collaboration, Xsolla and MGO believe that it would allow the cryptocurrency world to have access to many interesting games from all over the world. Additionally, GMO has the potential to become the most adopted altcoin since it would be serving a market of 2.6 billion individuals.
At the moment, Xsolla works as a merchant for other gaming brands such as Ubisoft and Twitch. Furthermore, it is operating in the market since 2005.