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How Fenix Games Wants To Change The Blockchain Space
There’s a lot going on in the world of gaming, but there’s an emerging trend that may change how we play games: the use of blockchain technology. Fenix Games, a game developer based in London, has been experimenting with how it can integrate the technology into its future games. And as they’ve found, the potential for using blockchain technology to power gaming is incredible.
Star Atlas
Star Atlas is a blockchain game that combines the elements of a classic MMO with the underlying mechanics of the crypto ecosystem. The game offers an immersive experience in a rich metaverse. Players can mine celestial assets, form fleets of ships, and develop micro-economies.
The game features two currencies, the ATLAS token and the POLIS token. These currencies are earned through combat, exploration, and trading. They serve as lubricants for the metaverse. Eventually, players will establish thriving civilizations, collaborating in ways that benefit all faction members.
The game’s economy is designed to align production with long-term progression and enjoyment. Using an on-chain governance model, players can vote on game changes. This makes Star Atlas more like a real economy than a simple GameFi mechanism.
In-game items include fuel, construction materials, raw materials, and equipment. Consumable in-game items are items that boost an avatar’s stats for a short time. Once the item is used, it is destroyed.
Creating a publishing platform for blockchain games
Fenix Games is a new gaming company launched in the United Arab Emirates. They aim to develop a game publishing platform for blockchain games. The company consists of a group of experienced gaming veterans, including Chris Ko, a former general manager for Mythical Games and Electronic Arts.
Fenix Games is funded by Cypher Capital, a venture capital firm based in Dubai. Fenix Games will use the funding to acquire and publish blockchain games. In addition, they will invest in games under development. This is intended to expand the blockchain gaming market.
While the industry is still in its early stages, the gaming sector provides a strong foundation for game developers. Sony and Nintendo provide console gaming platforms, while Google offers a mobile gaming platform.
In order to make a mark in the gaming industry, a firm needs to create a viable market. Fenix Games hopes to achieve this by forming a powerful portfolio and bringing players into the fold.
Tracking the history of in-game digital assets
Sony Interactive Entertainment has filed a patent that describes a system to track the history of in-game digital assets. This technology has the potential to change the way in-game digital asset trading works. It will also limit fraud in this market and increase transparency.
The system described in this patent allows users to buy and sell in-game assets. The system can differentiate between fungible in-game digital assets, which are easily faked, and unique in-game digital assets. In addition, the system tracks detailed histories.
Digital assets, as the name suggests, can be items such as characters, costumes, and video clips. These can be assigned a unique identifier. They can also be tokenized. An example of an in-game item with a unique identifier would be the Counter-Strike: Global Offensive character skin.
A distributed ledger, or blockchain, is used to record and keep track of the history of in-game digital assets. As such, the underlying system uses a number of technologies, including decentralized ledgers, a cryptographic proof-of-ownership mechanism, and a metadata tracking system.
Creating any world you can imagine
Fenix Games is a Dubai-based gaming company that is set to launch a new publisher of blockchain games. It is funded by Phoenix Group and Cypher Capital, and will offer publishing services across all game models. This company was started by two gaming veterans: Rudy Koch and Chris Ko. Both have extensive backgrounds in the gaming industry, including positions with Electronic Arts, Kabam and Blackrock.
Fenix Games will focus on creating a publishing company that can acquire existing games and work with them to create a successful digital publishing business. Koch and Ko hope to combine the product management and asset management aspects of the game industry into one cohesive platform. They will also focus on the marriage of game market economies, and will acquire, invest in, and publish games on all platforms.
Fenix Games hopes to build a strong portfolio of games that will be able to compete in the growing blockchain market. The company will also use the funds to expand its staff and grow its ecosystem.
