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Gaming Platforms on the Blockchain: Here’s Three to Watch – Playkey (PKT), Enjin (ENJ), Chimaera (CHI)

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Blockchain

Gamers have always taken advantage of and contributed to, the technological advancements of the digital age. Necessity is the mother of invention, after all, and the games available to the public today require consistent breakthroughs in internet speeds and computing power to run as designed. But stunning graphics and lightning-fast response times aren’t the only technological areas gaming developers have championed. Having years ago created in-game markets for the trading of digital assets, the first virtual-currencies were not found on an exchange, but rather in a game. Today, a growing number of developers are ready to revolutionize the meaning of decentralization with a series of gaming platforms and their associated crypto-tokens.

Yes, the gaming community adapts quickly to new technology in the pursuit of their favorite hobby. And the blockchain is no different to them in this regard. But as investors look out onto the virtual landscape in search of a secure place to park their Ethereum (ETH), what exciting developments in the gaming industry are available for them to choose from? Three gaming platforms to watch are listed below, each representing unique niches in the expanding altcoin universe.

Enjin (ENJ)
The Enjin Network and associated Enjin Coin (ENJ) take the trading of virtual assets to a whole new level. With a customizable ERC-20 token (that can be spent in-game as well as traded on your favorite exchange), the Enjin Coin (ENJ) platform allows game developers to create their own token using Enjin Coin (ENJ) as a parent currency. Users of the Enjin platform can take real ownership of their virtual assets this way, trading items across games in the world’s largest gaming-website platform available.

Boasting 250,000 gaming communities and nineteen million users, millions of dollars (USD) of virtual goods are traded on the platform each month. And with the world’s most secure digital wallet available, supporting Bitcoin (BTC), Ethereum (ETH), Enjin Coin (ENJ) and all ERC-20 tokens, Enjin (ENJ) stands ready for mass adoption by an eager public.

Enjin Coin (ENJ) is available on Binance, KuCoin, and a number of other popular exchanges.

Playkey (PKT)
Playkey owns gaming in the cloud. And if you believe what they’re saying in the chatrooms and gaming forums online, cloud gaming is the future. Playkey offers a solution to a massive problem in the gaming industry; Namely, eighty-one percent of gamers lack the computer resources necessary to play the newest PC games. Cloud gaming allows players to rent servers capable of handling the computing demands of these new games for considerably less than the cost of upgrading computer hardware.

Playkey Token (PKT) is used for all of the transactions that occur between gamers and miners on the platform. As more people play, the demand for Playkey Token (PKT) will rise, giving investors a great reason to hold the token over the long term.

If you missed November’s token sale, you can find Playkey Token on a few exchanges including Idex and EtherDelta.

Chimaera (CHI)
Finally, on this short list of gaming platforms to watch, is Chimaera (CHI). Chimaera has a key advantage to its platform of massive multi-player decentralized games: experience. The developers of Chimaera started with a proof of concept called Huntercoin. The Huntercoin experiment, deployed in 2013, created the worlds first game built entirely on the blockchain. The Chimaera platform builds upon the know-how gained from the Huntercoin experiment and plans to offer a wealth of tools for developers bringing their games to the platform.

The Chimaera (CHI) platform also promises the scalability necessary for massive game worlds and virtual inventories. Boasting of breakthroughs in their off-chain scaling, in what they refer to as Game Channels and Ephemeral Timestamps, developers utilizing the Chimaera blockchain are free to think big when creating their online fantasy-worlds.

The Chimaera token’s (CHI) pre-sale date is yet to be determined.

Gaming on the Blockchain
The gaming industry represents a growing market keen on the technological advancement of blockchain technology. From the creation of ERC-20 tokens based on a parent currency to cloud-based computing for overtaxed consumers to the achievement of scalability for massive multiplayer game-worlds, the solutions gamers find to common technological barriers will redefine the blockchain to a warming public, ready to take their first steps into the altcoin universe. And as investors ready themselves for increased public participation in the market, those wanting to stay in-tune with public demand would be wise to consider the gaming tokens listed here. Playkey (PKT), Enjin (ENJ) and Chimaera (CHI) represent gaming on the blockchain.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of JD Hancock via Flickr

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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly

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The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Partnership Between Bridge Mutual & AllianceBlock Announced

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Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

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