The National Football League has announced a partnership with Mythical Games to create a blockchain video game called NFL Rivals. The game will use unique, generative 3D NFL franchise-themed NFTs and let players act as a general manager to assemble a team and compete against other teams.
The use of blockchain technology by game companies is nascent but growing. As a transaction based-technology, blockchain is well suited to manage in game economies through tokenized game assets and the use of cryptocurrency for payment. This also provides a benefit to players in that they can truly own their assets, as opposed to just having a terminable license as is the case with most traditional online games. Blockchain and NFTs hold great promise. If your business gets involved with these technologies it is critical to get solid legal advice before you get too far down the road.
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Microsoft has announced a partnership with Enjin to offer a blockchain based recognition program. Azure Heroes aims to reward individuals for verifiable acts of impact such as coaching, creating demos, building sample code, blogging about Azure or completing certain challenges. Community members that have demonstrated their contributions will be recognized with badges across a number of categories. Azure Heroes is branded as a new and fun way to earn digital collectibles for meaningful impact in the technical community.
Continue Reading Azure Heroes – Microsoft Partners With Enjin to Offer Crypto Collectible Rewards
The United States Securities and Exchange Commission (“SEC”) has indicated that nearly all initial coin offering (“ICO”) filings they have seen are securities offerings. Based on this expansive view, it may be more likely to find a Unicorn than an ICO that is not a securities offering. Ironically, a recent lawsuit was filed against Unikrn, a block-chain based betting platform, primarily focused on esports betting.
Continue Reading Is there a Unicorn Among ICO Issuers?
The Major League Baseball Players Association (MBLPA) signed an exclusive deal with the crypto-collectibles startup, Player Tokens. This is believed to be the first professional athlete-based crypto-collectible offering. The partnership is intended to introduce baseball fans to blockchain technology and blockchain enthusiasts to Major League Baseball (MLB). The tokens will feature 73 All-Stars and players from all 30 MLB teams. Each Player Token has a unique ID that is recorded to the blockchain to prove the authenticity of each asset.
Continue Reading Crypto-Collectibles Phenomena Continues as MLB Hopes for Home Run
“The use of blockchain technology for crypto games and token-based digital collectibles is on the rise. One of the first crypto games…
Continue Reading Legal Issues with Blockchain-Based Crypto Games and Collectibles