Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
The video game industry is a multi-billion dollar sector, with an estimated 65% of American adults playing games. Moreover, by 2025, the video game market is estimated to become a $300 billion industry by 2025. Out of all of these prospective gamers, the blockchain firm Enjin hopes to lasso some of these gamers from traditional gaming and bring them over to the blockchain.
So, what is Enjin? Well, in short it is a blockchain-based video game community and development platform based out of Singapore. With Enjin, users can build such things as websites, gamer dApps, and chat forums. The Enjin platform is designed specifically for the video game industry and offers its legion of gamers the chance to create communities around their favorite games.
More importantly, Enjin is taking traditional blockchain concepts to the video game space. This means that its users can tokenize virtual assets like weapons or suits of armor. Enjin accomplishes this with its ecosystem of tools that...
Reddit recently started its journey within the crypto field, giving a great push for mass adoption. The social media platform is slowly bringing crypto to its millions of users. Starting with two subreddits, users can now earn “Community Points” by contributing to the community with quality content. The tokens used on the platform are based on the Ethereum blockchain, meaning users have full custody of their own assets. Reddit will have no custody to move tokens on behalf of any user.
Earlier this month, social media giant Reddit started experimenting with community tokens on their platform, starting with subreddits r/CryptoCurrency (MOON) and r/FortNiteBR (BRICK). The communities now have their own special tokens, so called “Community Points”, which can be earned by contributing to the community.
The community tokens can be used to access special features such as customized emojis, badges and GIFs,...