Trending Blockchain Gaming News #40 - January 2nd, 2021

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Game Time? Microsoft Adopts Ethereum Blockchain for Gaming Royalties

"...Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft and Big Four firm Ernst & Young announced the expansion of Microsoft’s blockchain-based solution to extend to gaming rights and royalties management...."

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The Blockchain NFT Wars Are Here

"...NFTs are little bits of code that extend the fundamental innovation of hard-capped supply, self-custody and censorship-resistance to all digital assets, not just to money. This is vital. NFTs enable any unique asset or item to be tracked and traded with all the same freedoms as its fungible token counterpart. While this asset class is still nascent, the potential is utterly astounding..."

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NFT Art Sales Reached All-Time High of $8.2M in December

"...The total trading volume of non-fungible token (NFT) artwork hit an all-time high of $8.2 million in December 2020, according to cryptocurrency art analytics platform CryptoArt.io..."

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Stablecoins And The Future Of Gaming

"...In last week’s announcement, the U.S. Department of the Treasury made a particular emphasis on the “retail” uses of stablecoins anticipating widespread use in e-commerce, social applications and of-course, gaming and esports.

The COVID-19 pandemic has given an extra boost to the gaming industry, with more consumers enjoying home-based entertainment. The gaming industry is projected to attract 3 billion players by 2023 with consumer spending on games projected to grow to $196B by 2022..."

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Axie Infinity Launches Public Testnet of Ronin Sidechain to ‘Scale Even Faster’

"...A Pokemon-inspired digital pet universe that has grown to be the most-played game on Ethereum is testing new ways to scale.

Announced Wednesday, Axie Infinity has launched the public testnet of its Ronin sidechain. The new sidechain will “give us room to breathe and scale even faster,” co-founder Jeffrey Zirlin said in an interview. “We’ve shown that we can grow quickly on Ethereum and we think that we can grow even faster on a sidechain.” ..."

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