In what looks to be a highly productive partnership, Telos and Block Bastards have partnered to deliver blockchain to the mainstream world of gaming. Telos, which is now second in the world for handling the highest number of transactions on a daily basis, is a high performance blockchain built for purpose. Block Bastards on the other hand is a company that develops decentralized blockchain products in the areas of AI, gaming, and reputation management. They integrate the capabilities of decentralized blockchains to meet people’s needs. Under this partnership Telos will provide a high performant blockchain infrastructure for Block Bastards to build and deploy quality products.
With Telos already taking steps to reach out to a bigger global audience, this partnership will help both parties to bring attention to blockchain as a means for building unique applications where users have complete ownership of their assets. Already, under this newly formed partnership, Telos and Block Bastards are aiming to launch a platform that will provide developers on one of the world’s biggest gaming engines a uniquely useful feature to integrate into their games.
QUDO is a blockchain based mechanism that rewards gamers for playing, while providing game developers the ability to “grow their gamer community and earn advertisement power.” With QUDO gaming activity and performance are rewarded with a cryptocurrency. The addition of a cryptocurrency (token) creates an added element for developers to better market their games.
In traditional gaming, players are rewarded with in-game credits that have little to no use outside the game. But as QUDO runs on the Telos blockchain, players will finally get to enjoy a “credits” system that still maintains its value outside the smaller ecosystem of a single game, to the much larger ecosystem of the blockchain and multiple game ecosystems.
This gaming cryptocurrency has a maximum supply of 1 Billion QUDO tokens, which means for the first time in a gamer’s experience they’ll have not only a finite supply of reward credits – capable of rising in value, but also one they can completely own and verify. But that’s not even the coolest part about this revolutionary mechanism. Before I explain it further, let’s take a detour to the biggest gaming platform in the world, Unity.
Arguably the most utilized game engine across a wide variety of genres and platforms – Unity powers approximately half of the new mobile games on the market and 60% of augmented reality (AR) and virtual reality (VR) content, based on info from Wikipedia. Since its launch in 2005 Unity has been the go-to platform for developers looking to easily create quality games, whether for mobile, PC, or gaming consoles. With all their supported 2D, 3D, AR, and VR games, what Unity has lacked more of is blockchain based tokenization mechanisms for its game developers.
Coming back to QUDO. Game developers who integrate its reward mechanism will provide their users a superior user experience than those of traditional games. QUDO introduces a proof-of-gameplay reward mechanism that rewards players just for playing. When a gamer is playing on a game powered by QUDO, the time spent playing helps report gaming activity via the Telos blockchain. This is similar to mining, as each gamer is validating/verifying activity in real-time thus securing and helping maintain integrity of the ecosystem, and getting rewarded for it in the process. Every ten minutes these rewards get distributed to active gamers and game developers.
Each block (data) mined, by the gamers, contains information about which games are being played and the number of gamers playing each game, along with a 1,000 QUDO tokens reward. Of the 1,000 newly minted tokens – 90 percent goes to the community – with 90% of that distributed to active gamers and 10% to the developers of the respective games. The remaining 10% is distributed to the founders, with 80% of that going to the founding team and 20% to the founding partners.
Each game developer can customize how often gamers get rewarded within their game based on, time spent playing, in-game achievements, and high-score rewards. It doesn’t matter how the in-game reward intervals are set up just as long as all of the 90% of minted tokens are distributed to these gamers before the next block is mined in 10 minutes.
The QUDO token will be compatible with all the games within the QUDO ecosystem. Gamers can collect tokens playing on one game and then spend those tokens in another. This is already achievable in the blockchain ecosystem today, but QUDO makes it more practical because the games will all be operating within a single ecosystem. In other words, gamers won’t have to exchange their QUDO tokens for tokens of a different game as all games will use QUDO tokens as their in-game currency.
For instance, imagine a game with a difficult level so high that in order to have a chance of winning you have to purchase some special items that improve your capabilities. Well now you can get creative. You could play a less difficult game in order to earn tokens from it, then transfer those tokens to purchase the necessary items in the more difficult game. Not forgetting that all gamers can have complete ownership of these items and can resell them for QUDO tokens again, anytime they wish to do so.
All of this activity will be handled by the Telos blockchain. As a public distributed ledger, the data and transactions can be verified by all its stakeholders i.e. gamers, developers, founding partners, and even by the audience. This prevents cheating because data on Telos cannot be manipulated. Once the rules have been set, everyone has to abide by them.
Honest data, fair token distributions, and transparency into the operations of the QUDO ecosystem, are some of the benefits the gaming industry will relish from this partnership. Making the QUDO token exchangeable for other tokens, eventually dollars, in the vast blockchain ecosystem is a huge plus for all its stakeholders.
Telos is built using the most scalable, most performant public blockchain protocol in the world and that’s EOSIO. So as EOSIO’s open source code continues to get improved upon by its global developer base; Telos will also benefit from it. It will need to be resilient because it doesn’t seem like the Block Bastards are planning to slow down. Just a couple days ago they released the alpha version of their Blox game, which also utilizes the QUDO token, on the Telos blockchain.
These are concepts that are completely new to traditional gamers yet they are exposed to them on a daily basis while playing games. Traditional in-game economies are similar to those of blockchain except in all the ways that matter. Most gamers aren’t aware of the alternatives but once presented to them they instantly recognize the values of blockchain. And this is why gamers are one of the few cliques that quickly adopt blockchain, because the concepts of tokenization they’re already familiar with. Which is the same reason why gaming in blockchain is growing much faster than any other industry.
Telos and Block Bastards’ partnership to make this blockchain based rewards mechanism available to a large audience such as Unity’s is surely an excellent move in promoting the growth of blockchain adoption. The holistic synergy that exists between gamers, in-game assets, and tokenization is why this is a clear path to success, and when done efficiently – there are no boundaries.
Thank you for reading!
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