Xarcade — Powered by NEM Blockchain

Announcements
#1

Blockchaining video games to reach your maximum potential

NEM is keen to partner with mainstream businesses because its blockchain technology adds value by cutting costs and improving efficiency. This whole concept can be applied to video games as well.

XARCADE 1920X1080
XARCADE 1920X1080.jpg1920×1080 341 KB

Xarcade is a cost-effective video game platform for both game publishers and gamers. It distributes video games that are developed based on the NEM blockchain technology. These games are integrated into the NEM blockchain through the use of the Xarcade Software Developer Kit (SDK) which can be downloaded by game publishers from the platform.

Here’s an easy way to understand how Xarcade works:

XARCADE-INFOGRAPHICS
XARCADE-INFOGRAPHICS.jpg1920×1080 493 KB

  1. Bill is a video game publisher and uploads his game, Streets, onto Xarcade.
  2. Bill then downloads the NEM Software Developer Kit (SDK) and the Xarcade Wallet from the Xarcade platform to “NEM blockchain” his game.
  3. Bill sets his “Dosh” (the name of his in-game credits) exchange rate to 50 Dosh equals 1 XAR (the name of Xarcade’s token). He then submits this exchange rate to Xarcade for approval.
  4. Xarcade approves this conversion rate.
  5. Bill’s game starts to become popular on Xarcade.
  6. Streets’ in-game currency Dosh expands in circulation.
  7. A gamer of Streets, Frank, now has 100,000 Dosh after playing Streets for a long while.
  8. Frank wants to exchange 100 Dosh for some XAR.
  9. XAR is equal to 1 EUR in constant value. **XAR is pegged to EUR 1 and has a constant value.
  10. Frank exchanges 100 Dosh for 2 XAR.
  11. Now another gamer, Ned, wants to get in on the action.
  12. Ned wants to buy 5 XAR on the Xarcade e-commerce platform.
  13. Ned exchanges 24 XEM for 5 XAR (24 XEM is EUR 5).
  14. Ned gets his five XAR and chooses to sit on it for now, thinking it will rise in value from other currencies.

Here are just some of Xarcade’s advantages:

  • Xarcade is the first video game company to integrate the NEM blockchain technology with the widely used Unity game developer software.
  • “Blockchaining” video games by introducing the cryptocurrency XEM (similar to Bitcoin and from the NEM Foundation) for gamers to exchange with one another.
  • Creating a game distribution platform called “Xarcade” that runs on blockchain for both game publishers and gamers to use and is a more direct alternative to other app stores.
  • Gamers can now exchange in-game currencies (in-game credits) both ways, which they were unable to do before.
  • No need for a linked credit card for in-app purchases, making transferring much faster.
  • Some countries do not have the Google Wallet or the Apple Pay feature available — blockchain allows for this.
  • Google and Apple each take 30% of the revenue from the game publishers — this does not happen on Xarcade.
  • Blockchaining video games does away with the established “middle men” (the app stores) and creates a direct relationship between the game publisher and gamer.
  • It allows the game publishers to rely less on generating revenue from advertisements (which usually annoy the gamers), and to make more revenue from in-app purchases since Xarcade would take far less than 30%.
  • Xarcade allows the gamer to make income because the in-game currencies of various games can be converted into XEMs, which in turn can be converted into real fiat money.
  • The blockchain APIs will allow games on the platform to interact directly with one another using “blockchain nodes,” which in-turn will make any third party middleware irrelevant.

Here’s a look at the first game published by Xhai Studios integrated into the NEM blockchain:

SUMMARY

The Xarcade platform should be completed around January 2018 after the Discounted Sale Offer (DSO) is over for building the platform. The token called “XAR” will have a 20% discount on the said DSO. Xarcade developers can however already “NEM blockchain” both mobile and desktop video games free of charge in preparation for that.

Simply put this in the process flow for a gamer:

Accumulate in-game credits –> convert those in-game credits into Xarcade’s token called XAR –> the gamer is then free to convert his XAR into XEM –> then the gamer can cash out his XEM into real money on the attached NEM exchange.

Thanks to Xarcade being powered by the NEM blockchain our platform will help video game publishers save more money for their marketing budgets and stand out more. Blockchain technology and video games are tailor-made for each other and NEM blockchain technology is the easiest to use for any entrepreneur wanting to blockchain their business,” said the Xarcade CEO Otto von Nostitz.

For more information about Xarcade, visit https://www.xarcade.io.

To get the latest updates, join the Xarcade community on Telegram: http://bit.ly/Xarcade