Although I love trading cryptocurrencies as much as anyone, I’m far more interested in analyzing the impact that blockchain technology can have on the business landscape. After all, blockchain’s potential was the main catalyst behind the surge in trading volume last year. While many industries will be forever changed through blockchain applications, the gaming industry will be the focus of this article.
The first thing my parents would think of upon hearing the word “gaming” is Nintendo. And while video games do make up a considerable percentage of gaming sales, the industry has grown far beyond that. Several years ago, ESPN aired an episode of E:60 that went inside the world of professional video game competitions. One team, Dota2, was on a quest for a piece of an $18.4 million tournament prize pool. Yes, $18.4 million for people who play games. Since then, the industry has grown beyond anyone’s wildest imagination. And one company, MobileGo, appears to be taking full advantage of that opportunity.
MobileGo’s MGO token is an Ethereum based ERC223 token that was developed to usher in a new era in the world of internet gaming. The company’s main goal is to turn MGO into the world’s leading currency for the more than 2.6 billion gamers that currently exist. It is expected that mass adoption will occur as game developers continue to grow their businesses.
One step in the right direction is the recent announcement that Xsolla began accepting MGO for its PC and mobile games partners. Although developers are creative souls at heart, one of the main motivations to develop groundbreaking games are the royalty payments that come with it. With this move, developers will be able to participate in the future crypto boom by accepting royalty payments in cryptocurrency, MGO.
In an effort to make the end goal of mass adoption more likely, MobileGo has also pursued major exchange listings. Those listings include GateCoin, BitForex, HitBtc, Bitfinex, and DigiFinex. Together with the Xsolla agreement, MobileGo may become a household name in the gaming industry soon enough. It’s evident that all of this news is currently being reflected in the token price.
During a time when the majority of cryptos are in freefall, MGO is bucking the trend. The token is showing significant strength in the face of a general market decline. This is a sign that knowledgeable traders are backing the token in anticipation of future developments. One development that has already taken place is the introduction of GShare.
The company recently developed GShare which is an innovative way for gamers to earn GShare Gold. GShare Gold can be earned by simply running an app. This app will run in the background while users continue to use their computer as they normally would. In addition to running the GShare app, gamers can also earn Gold coins by entering various tournaments that are offered. As the earned coins add up, gamers will be able to use them towards tournament entry fees.
So how do GShare Gold coins connect to MobileGo’s traded currency, MGO? MGO tokens can be earned by winning tournaments which are entered with GShare Gold coins. The good news is that GShare offers an incredible variety of tournaments so, users can identify the games they feel give them the best chance for success. As a gamer’s success grows, so too will their MGO token balance. This balance of MGO tokens can then be used for in-game purchases or traded on one of the many exchanges where MGO is currently listed.
MobileGo is still in the early stages so success shouldn’t be expected overnight. But as the gaming industry continues to grow, and MobileGo continues to make significant technological advancements, the MGO token is likely one that belongs in everyone’s crypto portfolio.
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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 and read our full disclaimer.
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BlocPal offers business owners an easier way to process payments
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