The digital distribution platform for online video games, The Abyss, announced that it will initiate an alliance with Waves Platform, an open network and a decentralized environment for Web 3.0 applications, in the attempt to implement a market for digital products and articles of its video games driven by Blockchain technology.
The results of this cooperation will make The Abyss the first videogame platform to use blockchain technology, developed by Waves, aimed at launching a universal market for marketable goods and video game items offered by its associated developers.
Users will be able to buy any available item with the so-called “Abyss Tokens” and sell it to other users, no matter in which compatible game it has been purchased. Therefore, the developers of these video games will receive another monetization channel for their game projects in The Abyss.
This not only gives developers a great benefit, giving them a monetary incentive, but allows the platform to enter the universe of Blockchain technology and enjoy all the advantages it possesses.
It should be noted that the Abyss tokens will be integrated with the Waves blockchain, which will allow developers to connect Abyss Token operations directly to their Waves-based games.
These game projects based on the Waves blockchain will have access to the distribution network of The Abyss. This means that they will be distributed on and through The Abyss platform and will open much more to a larger audience of games.
Sasha Ivanov, the founder and executive director of Waves Platform, stated on this alliance that:
“We recognize the enormous potential of the gaming sector of more than $ 100 billion as an important use case for Blockchain that adapts perfectly to the current game mechanics and the trade in goods. We firmly believe that the gaming industry will be an enthusiastic adopter of Blockchain, and the partnership with The Abyss will drive its widespread use. “
For his part, the founder of The Abyss, Konstantin Boyko-Romanovsky, said:
“The integration of Waves technology will allow The Abyss to create one of the best and most advanced digital markets in the video game industry. In addition to increasing the adoption of Blockchain, it is also supposed to increase the processing speed of commercial transactions.”
The Abyss developments have already begun preparation for the integration of the Waves solution, so it is expected that soon there will be more information about this equipment and its progress.