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Unity Gaming Engine to Integrate Kin Cryptocurrency

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KIN
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There is a tremendous amount of cross-over between avid gamers and cryptocurrency enthusiasts. Both are highly technical hobbies that involve knowledge of hardware and software. The recent announcement of a partnership between gaming engine Unity and Kik’s Kinship Foundation is unexpected, but not surprising. The agreement is mutually beneficial, and not just for Unity and Kik. The integration of cryptocurrency in gaming is a logical progression for the industry.

Unity is one of the most prolific game engines in the industry. They offer the tools necessary to make almost any type of game – and provide the backbone to many of the most popular games available. Their development kit is accessible to newcomers, but with enough depth to appeal to even Triple-A publishers.

Meanwhile, Kik operates one of the world’s most prolific messaging apps. Their recent creation of the Kinship Foundation brought them into the realm of cryptocurrency through the KIN token. The Kinship Foundation exists to further the aims of the Kin Reward Engine – monetizing digital applications in a way that preserves value for the user as well as the producer.

A Partnership that could Change Gaming

The partnership between Unity and the Kinship Foundation offers a new way for video game start-ups to monetize their games. The gaming industry is going through a change, much as movies and media have done before. The prior method of selling physical media at a brick-and-mortar store has almost completely evaporated. Digital distribution means are an increasing market share and cost substantially less. This cuts into the profit margin for gaming companies, and unfortunately makes indie games less viable.

The creation of the Kin Gaming SDK incorporates cryptocurrency monetization – something that creates a two-way road for gamers and developers. Developers can reward their players for engaging in the social media and promotional aspects of their games. They can provide KIN for impressive achievements or in-game events. Meanwhile, users can trade that KIN on open exchanges alongside other cryptocurrencies for real-world value. A unified digital currency allows KIN to be used inside any game that uses the SDK, a triumph of choice for the average gamer.

The Microtransaction Ecosystem

A controversial system since its inception, the microtransaction ecosystem for games has helped make up for shortfalls in gaming industry profits. Rather than simply buying a game at a one-time price, players have the option of buying in-game content at an additional price over time. Games that do this well, like Overwatch, restrict the purchased items to cosmetics. Players buy new skins for a nominal fee and can show these skins off to other players online.

The opposite side of the coin is industry giant Electronic Arts. Their egregious microtransaction systems created a social media firestorm that ultimately resulted in its complete abandonment. Part of this issue is a complete failure of comparison – something that the Kin Gaming SDK can fix. When there is a back and forth market for KIN that can be used in all games within the ecosystem, the choice becomes available. Games that attempt to fleece the players will find their bottom line impacted as gamers flock to other options.

The Immediate Result

It will take time for the Kin Gaming SDK to integrate into Unity’s system. In the short term, the Kinship Foundation will still benefit from this partnership through increased value to their currency. Unity will benefit from the intense public desire for blockchain integration. Companies like Kodak have found that simply announcing the integration of blockchain technology can cause a spike in stock value. Unity actually intends to use the technology as intended, which is a major bonus. For the cryptocurrency industry, this partnership represents another important step on the way towards public adoption.

We will be updating our subscribers as soon as we know more. For the latest on KIN, sign up below!

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.

Image courtesy of Chris Ainsworth via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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