Minting Money by Streaming Video Games gets a Boost with Blockchain
Video streaming games is the star of third generation video games, often touted to be the best of them all. However, the pricing scheme currently thrives on – a once a year payment for endless titles – can be expanded to monetize it further. This has created an opportunity for a prominent Australian video games developer to collaborate with California-based software development company, HashCash Consultants, to explore options built on the technology most suited to this purpose – blockchain.
The fact that HashCash Consultants has drawn the attention of forward-thinking video game producers is no surprise. The software development company which has made a mark in the financial sector recently introduced its blockchain gaming platform that includes many sought-after services such as organizing ICOs, integrating existing gaming platforms to a blockchain platform in line with HC NET, and creating a cryptocurrency exchange platform fashioned after its product, PayBito.
A DETAILED LOOK AT THE ICO SERVICE AND WHITE LABEL EXCHANGE PLATFORM BY HASHCASH CONSULTANTS FOR ONLINE GAMES:
With HashCash, a games company can customize its own native digital asset on the blockchain or integrate its created ERC token on the network. Since HashCash accepts multiple currencies for investment purposes, their ICO partners also avail a wide variety of funding options.
Clients can have the blockchain company create a root account, or integrate the contract’s owner account with the blockchain wallet. An initial number of coins or tokens could subsequently be added in these wallets. Another feature of an ICO with HashCash happens to be easily adaptable APIs for sending and receiving tokens.
The ICO system by HashCash offers customized KYC verification procedure on its ICO platform and creates referrals and promotional programs for ICO distribution. Raj Chowdhury, MD of HashCash Consultants elaborates on the reliability of the company’s product,
“HashCash offers each of its investors their very own individual accounts, unique login information, and funding address. So even if they lose the private keys’ information they can still access it by these above-with mentioned techniques.”– Raj Chowdhury, MD of HashCash Consultants
The team at HashCash sets up the white label gaming exchange for their client, and pairs the created token with fiat currency and leading cryptocurrencies (such as Bitcoin, ether, and HCX) to trade. The exchange is equipped with features including Market, Limit, Stop Orders, Margin for placing orders and increasing the volume of trade. Managing and creating trading pairs becomes smooth with the Admin Panel, and coordinating among gamers, developers and other stakeholders are streamlined with the use of the Admin Console.
HOW IS VIDEO GAME STREAMING MONETIZED WITH BLOCKCHAIN?
Blockchain is a fundamental business model shift. It has taken capturing value in closed ecosystems to extracting value in open ecosystems. Video streaming creates an opportunity for the streamer of the game as well as the viewer to make money. A spectator can earn tokens by watching the broadcast and featured advertisements. Streamers earn cryptocurrency through subscription charges and advertising.
Although a low-cost video game streaming platform may sound like an unprofitable business model, in the long term it transforms into one built on a combination of incrementally rising costs and exponentially expanding revenue and customer base.
BENEFITS OF BLOCKCHAIN TO ONLINE STREAMING OF VIDEO GAMES:
A few fundamental features of blockchain makes it a favorite of the gaming populace. The first one is the anonymity factor – gamers can make quick, legitimate in-game transactions without having to reveal their personal details on the public ledger. Second, the transparency of blockchain makes it easy to track one’s payments within the blockchain network, significantly mitigating the chances of fraud. Other incentives include no taxation on cryptocurrency transactions.
The Hashcash Consultants blockchain gaming platform processes large volumes of data while maintaining full privacy, and speedy validation of transactions. Blockchain facilitates the implementation and utilization of decentralization, better financial channels, reward modules, and strong security. Features such as these have made this innovation a force that is on its way to change the gaming universe.
About HashCash Consultants
HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US-based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins.
HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.