GameCredits Inc., an LA-based blockchain startup, just announced its partnership with Datcroft Games Ltd., a gaming development company with a 12 million player base. The partnership will allow users to purchase games and earn money using GameCredits’ cryptocurrency payments solution. The first game to integrate is Datcroft’s flagship, the 8 million player strong Fragoria, available for play and exchange using GameCredits in early December.
GameCredits’ integration into games allows users to have larger deposit limits than traditional payment methods. Gamers can purchase GAME directly inside their own wallet for USD, euro and bitcoin, as well as on some cryptocurrency exchanges, including Bittrex and Poloniex.
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“Among the biggest issues with monetizing the gaming community are limited options for depositing and spending money, difficulty transferring funds between games and unsecure methods for storing funds” said Sergey Sholom, CEO of Datcroft. “GameCredits’ partnership with Datcroft Games Ltd. marks a turning point in both the crypto- and gaming industries by providing a safe and easy system for monetizing the blockchain for gaming.”
“We believe there’s never before been a more viable solution to monetizing the blockchain for gaming,” said Sholom. “We’re testing out the payments solution with one of the most popular games, Fragoria, which features around 8 million players– and this is the first of many games GameCredits will integrate with.”
Cryptocurrencies for competitive gaming are one of the hottest fields for entrepreneurs and investors alike right now. Back in late September the decentralized eSports platform FirstBlood raised just over $6 million in Ethereum in a record short ICO funding time.