Decentralized games are facing the same challenge as the rest of the dApp industry - declining user base. As reported by diar.co, even the most popular decentralized game CryptoKitties suffered a decline of 96% in terms of active users measured by unique active ETH addresses. The reason for poor user retention according to Diar is unintuitive multi-step user experience, a crucial issue that even in the future could make finding new adopters difficult.
An intuitive solution also highlighted by Andrew Gazdecki of Altcoin.io is sharing of liquidity: Blockchain projects should not silo their apps, they should instead engage in liquidity pooling and support collaboration among different blockchain assets.
The blockchain game Etheremon is the first decentralized gaming platform that made this step to make the dApp game more accessible and partnered with Kyber Network. The integration launched on Tuesday 18th September 2018 at noon UTC.
Leveraging Kyber Network in Blockchain Gaming
Kyber Network developed an on-chain liquidity protocol that allows decentralized token swaps to be integrated into any application.
Kyber Network supports atomic token swaps with immediate settlement, effectively removing transaction waiting time. With this integration value exchange can be performed seamlessly between all parties in the ecosystem.
While the one application that comes first in mind is decentralized trading, in the most general way Kyber Network makes it possible to use any ERC-20 token where a platform-specific token would otherwise be necessary.
In the world of game dApps where every game has its own in-game currency this is a substantial improvement in usability for users who play more than one blockchain game. Kyber Network integration means they can access gaming dApps using any ERC-20 token, no need to hold and manage segregated in-game funds for each dApp game they play.
It is expected among the most popular tokens to use in Etheremon will be Zilliqa (ZIL) and Basic Attention Token (BAT).
Advantage in the Crowded Blockchain Gaming Industry
According to DappRadar.com, decentralized games are among the most popular dApps overall. CryptoKitties currently rank fourth and Etheremon fifth on the leaderboard of all dApps on the Ethereum blockchain.
As of September 2018 the total number of active dApp games is around 350. This demonstrates not only the soaring engagement with blockchain from the gaming community but also the increasing competitiveness of the blockchain gaming industry.
Making the game token management easier could quickly prove to be a strong advantage. With no need to exchange tokens, users are ready to play at any time they decide so. Thanks to Kyber’s atomic swaps with instant settlement there is no waiting time necessary as there would be with the traditional token exchange methods.
In the business of entertainment, it is risky to let the player’s interest wane in wait for transaction confirmation. And conversely: When deciding between several dApp games, we could see players prioritize the most accessible one.
Full Data File: Etheremon Full Data File in Crypto IntelligencePresales and promos success, social media presence, location...
We are also on medium.com/cryptolounge - follow us!
Data is beautiful
Blockchain Technology in Mobile App Market: State of the Industry 2020
Blockchain is currently at the top among the new trending technologies that came up in recent years. It is a remarkable innovation for our ever more digitalised world. Blockchain is mostly known as decentralized network,...
New Horizons in Fintech: Payments, Big Data and Partnerships [Infographic]
The global fintech market saw a period of consolidation in 2018, which is exactly what we saw also in terms of price evaluation of crypto assets. In spite of the “crypto winter”, which is apparently...
Brand development in forex and crypto: Most expensive domain names [Infographic]
Crypto infographics - Most expensive domain names in forex and crypto. Targeted brand development in forex and crypto with domain names.
Top 8 Women in Blockchain Tech [Infographic]
When it comes to women in crypto, the pre-2016 OG heads will probably come up with names like Alena Vranova and Blythe Masters. Alena Vranova is the former CEO of Satoshi Labs, the company that...
Infographic: Blockchain Technology, Ledgers, Blocks and the Role of Price
Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.
Infographic: The Good And The Bad Of ICOs
Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?
The Business of Esports: All The Numbers [Infographic]
Esports is a rapidly emerging category as a real sport. It’s even beginning to compete with traditional sports.
Shocking Facts About Cryptocurrency Heists [Infographic]
If there is one question in the history of Bitcoin that cannot be answered with anything more than an estimate, it is the problem of how much of Bitcoin’s supply is actually ever available on...
Comparing Forex Market with Crypto Markets [Infographic]
One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.
East vs. West: Which One Sides More With Blockchain?
Digital cash schemes were the holy grail of the late 90s, but since the bitcoin blockchain was invented, suddenly nobody in the West cares.
Blockchain Consortium in Trade Finance: 6 Notable Networks [Infographic]
The success of trade finance blockchain implementations depends on how widely they are adopted. That's why we have seen businesses form consortia based on similar interests.
Real-world companies that accept crypto payments [Infographic]
Infographic - Graphic map of businesses that let customers pay in bitcoin.
Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017
Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.
15 crypto kings that are making history with their engagement in the field of cryptocurrencies
Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...
Industry News Releases
LocalCryptos, formerly known as LocalEthereum, is currently the most popular non-custodial p2p market for cryptocurrencies....Read >>
- Montenegro to embrace blockchain technology in efforts to join the EU
- The Global Hackaton (April, Los Angeles) comes with free tickets to Crypto Invest Summit
- Etheremon celebrating #ChineseNewYear2019 with a series of bounties (Ends 8:00 AM UTC on Feb 11th)
- Crypto Marble dApp Game: Monopoly on Blockchain
- The dApp gaming platform VX Network launched the official VX Wallet in Apple App Store and Google Play
- Etheremon's first Chinese New Year Campaign: Chance to recall two rare mons